Smart Irrigation Market Surveying Report, Drivers, Scope and Regional Analysis by 2022-2030
The global smart irrigation market size reached USD 1,476.3 Million in 2021 and is expected to register a revenue CAGR of 15.2% during the forecast period, according to latest analysis by Emergen Research.
Increasing development of smart cities and increasing need to save water and reduce related expenses are key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for water management for the future will drive revenue growth of the market. Smart irrigation refers to the use of advanced technologies and connected devices and equipment to monitor, analyze, and control operations in smart agriculture.
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Water wastage is a serious issue in the agricultural and non-agricultural industries. Better water management methods are required to alleviate the problem. Smart irrigation is an ideal solution to the problem as it will reduce the need for human supervision or intervention, which will aid in transforming the system from static and manual to dynamic and intelligent. This will enable monitoring and regulating the watering process as per need, which will result in more efficient water usage and cost efficiency.
Key Highlights from the Report
Sensor-based segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing need to detect change in soil moisture level and automatically activate water supply to avoid crop damage.
Controllers segment is expected to register a significantly robust revenue growth rate over the forecast period, owing to increasing need to operate automated irrigation systems on commercial and residential properties, for landscaping and agriculture.
North America market is expected to account for considerably large revenue share due to robust presence of major market players providing smart irrigation solutions such as Toro Manufacturing LLC, Hunter Industries, Inc., Rain Bird Corporation, and Telsco Industries, Inc., among others in countries in the region.
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The global Smart Irrigation market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Smart Irrigation sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented global smart irrigation market on the basis of system type, component, application, and region:
System Type Outlook (Revenue, USD Million; 2019–2030)
Component Outlook (Revenue, USD Million; 2019–2030)
Water Flow Meters
Application Outlook (Revenue, USD Million; 2019–2030)
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The Global Smart Irrigation Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key players include Toro Manufacturing LLC, Netafim, Ltd., Hunter Industries, Inc., Rain Bird Corporation, Galcon Controller Agricultural Cooperative Society, Ltd., Telsco Industries, Inc., Hydropoint Data System, Inc., Rachio, Inc., Stevens Water Monitoring Systems, Inc., and Banyan Water, Inc.
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Key questions addressed in the report:
Who are the leading players dominating the global Smart Irrigation Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Smart Irrigation in this industry vertical?
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