The global smart irrigation market is expected to grow at a CAGR of over 14.7% and is expected to reach USD 2,641.8 Million by the end of the forecast period. The systems use controllers, sensors, and meters to automate the irrigation system and monitor weather, soil, and water conditions. They are efficient, data-driven, and cost-effective. Smart irrigation systems have gained in popularity in recent years as a result of significant expansion in modern agriculture and rising acceptance in non-agricultural applications. Traditional irrigation methods and systems are still widely employed; however, up to 50% of this water is wasted due to overwatering caused by inefficiencies in these methods and systems. The solution is smart irrigation technology.
The emergence of IoT and convergence of numerous control functionalities: The smart irrigation system utilizes advanced weather data, soil moisture information, temperature, and wind-flow sensors and controllers to reduce the wasting of water and preserve plant health and quality. Governments throughout the world are working to save water for future use. The requirement for effective irrigation systems in growing smart cities: By investing in the development of smart cities, governments throughout the world are focusing on harnessing information and communication (ICT) technology to improve day-to-day operational performance and the quality of life in metropolitan areas.
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Based on the component, the global Smart Irrigation Market has been segmented into controllers, sensors, water flow meters, and others.
Based on the system type, the global Smart Irrigation Market has been segmented into weather-based controller systems and sensor-based controller systems.
Based on agriculture, the global Smart Irrigation Market has been segmented into agricultural and non-agricultural.
Based on the region, the global Smart Irrigation Market has been segmented into Asia-Pacific, North America, Europe, and the Rest of the World (RoW).
During the historic forecast period, North America held the greatest market share of 40.9 percent. IoT devices are increasingly being used in the industrial sector in Mexico and the United States to automate processes. The United States currently leads the market, but Canada is predicted to grow at the fastest rate soon. Due to reasons such as the emergence of IoT and convergence of numerous control features, as well as increased government measures to promote water conservation, the smart irrigation market in Europe is fast growing. Smart irrigation is gaining traction in Asia-Pacific at an exponential rate, because of the region's burgeoning agricultural sector, and more and more countries in the region are turning to smart irrigation solutions for market reliability and efficiency. Hunter Industries (US) strives to produce landscape solutions that utilize as little water and energy as possible to provide optimal function and ambiance.
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The major key players in the Smart Irrigation Market are the Toro Company (US), Netafim (Israel), Hunter Industries (US), Rain Bird Corporation (US), HydroPoint (US), Rachio (US), Banyan Water (US), Rain Machine (US), ET Water (US), Galcon(US), Weathermatic (US), Skydrop (US), Blossom (Scotts Company) (US), and Delta-T Devices (UK).
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