Global Smart Irrigation Market Overview:

The global smart irrigation market size is projected to reach USD 7.89 billion by 2030, growing at a CAGR of 12.04% during the forecast period of 2022-2030 and its size was valued at USD 2.88 billion in 2022.

A smart irrigation system monitors weather, plant water use, soil, and weather conditions. Smart irrigation provides useful and timely maintenance of various methods, including soil, stream, middle pivot, sprinkler, and automatic, to save energy and time. In particular, agriculturalists and farmers advocate smart irrigation technology on the premises, where they play a vital role in optimizing water usage. The primary motivation behind introducing CH systems is to increase the cumulative irrigation systems’ water quality. Smart irrigation helps reduce the cost to users. The sensor network is the smart irrigation system’s most critical aspect since it tracks specific parameters. Such methods are planned only to have the quantity of water required for the crops, thereby eliminating wastage and improving yield.

Global Smart Irrigation Market Insights

Due to the prevalence of IoT-based irrigation network design. Smart irrigation reduces irrigation costs with maximum resource use, which is predicted to fuel the market. In addition, the growing government policies to encourage water efficiency, extend the expense of farm activities, and raise the value of growing farm income through utilizing advanced irrigation systems are the key factors driving global demand development.

Moreover, the new technologies joining the market for smart irrigation are expanding irrigation activities, thereby substantially improving agricultural goods. Farmers throughout the globe have rapidly implemented sensor-based technologies to implement smart irrigation activities by integrating real-time data from the region under agriculture.

However, the lack of awareness regarding smart irrigation is projected to create an obstacle to the smart irrigation market’s growth.

Growth Driver

Rising adoption of ICT support systems for decision-making

The rising adoption of ICT support systems for decision-making is estimated to boost the global smart irrigation market at a significant rate. ICT-based decision support systems, coupled with real-time details, include granular-level knowledge across all locations of farming. Irrigated cultivation accounts for 20% of the global agricultural land and generates 40% of the worldwide food supply. The population is projected to grow over 10 billion by 2050, and by 2050 it is predicted that agricultural output would need to be broaden by around 70%. Water departments use technology, such as remote sensing and geographic information systems to map irrigation use and predict water quality. Smart irrigation involves advanced equipment, software, and resources used to collect real-time data and allow farmers to make successful farm-related decisions.

Rising use of IoT in agricultural sector

The Internet of Things (IoT) will play an essential role via site-specific irrigation control in improving farm production per acre level. IoT is by far the most reasonable method for monitoring and predicting critical factors, including water quality, relative humidity and humidity, and soil conditions affecting crop quality, yield, and yield. Approximately 70% of the world’s freshwater is often used in agriculture, although this would not be enough to maintain the rapidly increasing population in the coming decades. Nonetheless, recent advances in smart irrigation have offered farmers more efficient water conservation devices that can help optimize production and reduce overwatering. By using smart controls and sensors in farming and agricultural equipment, IoT-based smart irrigation delivers real-time data and analysis, allowing farmers or producers to take preventative action at a convenient time. Smart irrigation practices based on IoT thus can improve the conventional irrigation technique by making it more productive and efficient.

COVID-19 Impacts Insights

The COVID-19 outbreak recently severely impacted the economic activities of developed and developing economies. The economic impact of COVID-19 is no doubt devastating. No industry has been able to avoid the effects of this. The introduction of COVID-19 has contributed to the supply chain challenges of agricultural environments and smart irrigation markets. New market vendors face harsh competition from well-established international vendors as they find it challenging to keep up with technological developments, quality, and reliability issues. The production of hardware machinery was disrupted and has impacted the businesses around the value chain of agriculture. Agricultural manufacturers are hit especially hard by producing yields that vary from one-third of the usual or total loss. However, due to less human involvement, the remote irrigation operations have been somewhat influenced by the pandemic. IoT technology is anticipated to experience higher demand during the forecast period by 2030. COVID-19 is further predicted to speed up the installation of IoT devices in farmlands around the globe in post-pandemic in order to maximize irrigation schedules with lower labor specifications throughout the field.

Component Segmental Analysis

Based on the component, the global smart irrigation market is bifurcated into Controllers, Sensors, Water Flow Meters, and Others. The sensors segment is estimated to dominate the global market during the forecasted period of 2022-2030 across the globe due to numerous benefits in the agricultural sector, such as providing relevant information about the soil, temperature, and humidity.

However, the controller segment is estimated to have the fastest growth rate due to its wide usability in irrigation. Although controllers were already commonly used by large-scale commercial agriculture to regulate the irrigation process, they are relatively new to local producers and residential or commercial industries.

System Type Segmental Analysis

Based on the system type, the global smart irrigation market is classified into Weather-based System and Sensor-based System. The water-based system type segment is expected to hold the largest share by 2030 across the globe due to the growing focus towards the farm productivity coupled with the farm efficiency. Additionally, it changes the watering routine manually, depending on local environmental factors. However, as the environment cools off, it minimizes the cooling level, while requirement rises as it gets hot.

Application Segmental Analysis

Based on the application, the global smart irrigation market segmented into Non-Agricultural and Agricultural. The agricultural segment projected to dominate the market over the forecasted period of 2022-2030 across the globe due to the propelling awareness about smart irrigation systems in the farmers. In addition, smart irrigation helps mount the farmers’ productivity, which is estimated to fuel the global market across at a significant rate.

However, the non-agricultural segment is expected to have a considerable growth rate by 2030 owing to the rising consciousness about the environment effects due to climate change, which led to fuel in the market.

Region Segmental Analysis

By geography, the global smart irrigation market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to dominate the market due to the high adoption of the upgraded system and technology in smart irrigation across the region. The aspect has also caused the region’s usage of smart irrigation controllers, rendering it the most lucrative region.

However, Asia Pacific is projected to have the fastest growth rate followed by Europe by 2027 due to the overall demand development. In addition, the implementation of smart irrigation in such regions is growing at a fast rate rendering it a possible stream of profit for emerging players participating in the global smart irrigation industry.

Competitor Analysis

Companies such as Weathermatic, AquaSpy, Toro Company, Caipos, Hunter Industries, Rain Bird Corporation, Netafim, HydroPoint, Banyan Water, Rain Machine, Rachio, ET Water, Blossom, Delta-T Devices, Galcon, Calsense, Soil Scout, Acclima, Skydrop, and Rain Machine are the key players in the global smart irrigation market.

• Market research and consulting firms
• Industry associations
• Global Smart Irrigation manufacturing firm
• Research organizations and consulting companies
• Organizations, associations, and alliances related to Smart Irrigation
• Regulatory bodies
• Supplier
• Retailer

Scope of the report

Recent Developments

1. Rain Bird launched the ESP-LXIVM series’ easy-to-use regulators for two-wire irrigation systems with advanced water management tools, diagnostics, and various new industry features.
2. The Toro Company reported a long-term strategic partnership with Tractor Supply Company (US). This partnership supplements The Toro Company’s existing channel strategy, impression and footprint.
3. Hunter Industries launched two Bluetooth-enabled, battery-operated controllers to assist growers remotely manage irrigation with the assistance and help of smartphones.

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Component

• Controllers
• Sensors
• Water Flow Meters
• Others

By System Type

• Weather-based System
• Sensor-based System

By Application

• Non-Agricultural
  • Residential
  • Turf and Landscape
  • Golf Courses
  • Others
• Agricultural
  • Greenhouses
  • Open field

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Report Content

1.     Research Strategic Development

1.1.   Market Modelling

1.2.   Product Analysis

1.3.   Market Trend and Economic Factors Analysis

1.4.   Market Segmental Analysis

1.5.   Geographical Mapping

1.6.   Country Wise Segregation

2.     Research Methodology

2.1.   Identification of Target Market

2.2.   Data Acquisition

2.3.   Refining of Data/ Data Transformations

2.4.   Data Validation through Primary Techniques

2.5.   Exploratory Data Analysis

2.6.   Graphical Techniques/Analysis

2.7.   Quantitative Techniques/Analysis

2.8.   Visual Result/Presentation

3.     Executive Summary
4.     Market Insights

4.1.  Supply Chain Analysis

4.2.  Economic Factor Analysis

4.2.1.            Drivers

4.2.2.            Trends

4.2.3.            Opportunities

4.2.4.            Challenges

4.3.  Technological Landscape

4.4.  Competitors & Product Analysis

4.5.   Regulatory Framework

4.6.   Company market share analysis, 2022

4.7.  Porter’s Five forces analysis

4.8.  Price point analysis

4.9.  New Investment Analysis

4.10.PESTEL Analysis

4.11.Pre Covid-19 Impact

4.12.Covid-19 Impact

4.13.Post Covid-19 Impact

5. Global Smart Irrigation Market, 2017-2030

5.1.  Market size & Forecast, 2017-2030

5.1.1.            Demand

5.1.1.1.            By Value (USD Billion)

5.2.  Market Share & Forecast, 2017-2030

5.2.1.            By Component

5.2.1.1.            Controllers

5.2.1.2.            Sensors

5.2.1.3.            Water Flow Meters

5.2.1.4.            Others

5.2.2.            By System Type

5.2.2.1.            Weather-based System

5.2.2.2.            Sensor-based System

5.2.3.            By Technology

5.2.3.1.           Non-Agriculture

5.2.3.1.1.                  Turf and Landscape

5.2.3.1.2.                  Golf Courses

5.2.3.1.3.                  Others

5.2.3.2.           Agriculture

5.2.3.2.1.                  Green House

5.2.3.2.2.                  Open Field

5.2.4.            By Region

5.2.4.1.            North America

5.2.4.2.            Europe

5.2.4.3.            Asia Pacific

5.2.4.4.            The Middle East & Africa

5.2.4.5.            South America

6. North America Smart Irrigation Market, 2017-2030

6.1.  North America Smart Irrigation Market size & Forecast, 2017-2030

6.1.1.            Demand

6.1.1.1.            By Value (USD Billion)

6.2.  North America Smart Irrigation Market Share & Forecast, 2017-2030

6.2.1.            By Component

6.2.1.1.            Controllers

6.2.1.2.            Sensors

6.2.1.3.            Water Flow Meters

6.2.1.4.            Others

6.2.2.            By System Type

6.2.2.1.            Weather-based System

6.2.2.2.            Sensor-based System

6.2.3.            By Technology

6.2.3.1.           Non-Agriculture

6.2.3.1.1.                  Turf and Landscape

6.2.3.1.2.                  Golf Courses

6.2.3.1.3.                  Others

6.2.3.2.           Agriculture

6.2.3.2.1.                  Green House

6.2.3.2.2.                  Open Field

6.2.4.            By Country

6.2.4.1.            US

6.2.4.2.            Canada

6.2.4.3.            Mexico

7. Europe Smart Irrigation Market, 2017-2030

7.1.  Europe Smart Irrigation Market size & Forecast, 2017-2030

7.1.1.            Demand

7.1.1.1.            By Value (USD Billion)

7.2.  Europe Smart Irrigation Market Share & Forecast, 2017-2030

7.2.1.            By Component

7.2.1.1.            Controllers

7.2.1.2.            Sensors

7.2.1.3.            Water Flow Meters

7.2.1.4.            Others

7.2.2.            By System Type

7.2.2.1.            Weather-based System

7.2.2.2.            Sensor-based System

7.2.3.            By Technology

7.2.3.1.           Non-Agriculture

7.2.3.1.1.                  Turf and Landscape

7.2.3.1.2.                  Golf Courses

7.2.3.1.3.                  Others

7.2.3.2.           Agriculture

7.2.3.2.1.                  Green House

7.2.3.2.2.                  Open Field

7.2.4.            By Country

7.2.4.1.            Germany

7.2.4.2.            UK

7.2.4.3.            France

7.2.4.4.            Italy

7.2.4.5.            Rest of Europe

8. Asia Pacific Smart Irrigation Market, 2017-2030

8.1.  Asia Pacific Smart Irrigation Market size & Forecast, 2017-2030

8.1.1.            Demand

8.1.1.1.            By Value (USD Billion)

8.2.  Asia Pacific Smart Irrigation Market Share & Forecast, 2017-2030

8.2.1.            By Component

8.2.1.1.            Controllers

8.2.1.2.            Sensors

8.2.1.3.            Water Flow Meters

8.2.1.4.            Others

8.2.2.            By System Type

8.2.2.1.            Weather-based System

8.2.2.2.            Sensor-based System

8.2.3.            By Technology

8.2.3.1.           Non-Agriculture

8.2.3.1.1.                  Turf and Landscape

8.2.3.1.2.                  Golf Courses

8.2.3.1.3.                  Others

8.2.3.2.           Agriculture

8.2.3.2.1.                  Green House

8.2.3.2.2.                  Open Field

8.2.4.            By Country

8.2.4.1.            China

8.2.4.2.            India

8.2.4.3.            Japan

8.2.4.4.            Australia

8.2.4.5.            Rest of Asia pacific

9. The Middle East & Africa Smart Irrigation Market, 2017-2030

9.1.  The Middle East & Africa Smart Irrigation Market size & Forecast, 2017-2030

9.1.1.            Demand

9.1.1.1.            By Value (USD Billion)

9.2.  The Middle East & Africa Smart Irrigation Market Share & Forecast, 2017-2030

9.2.1.            By Component

9.2.1.1.            Controllers

9.2.1.2.            Sensors

9.2.1.3.            Water Flow Meters

9.2.1.4.            Others

9.2.2.            By System Type

9.2.2.1.            Weather-based System

9.2.2.2.            Sensor-based System

9.2.3.            By Technology

9.2.3.1.           Non-Agriculture

9.2.3.1.1.                  Turf and Landscape

9.2.3.1.2.                  Golf Courses

9.2.3.1.3.                  Others

9.2.3.2.           Agriculture

9.2.3.2.1.                  Green House

9.2.3.2.2.                  Open Field

9.2.4.            By Country

9.2.4.1.            Saudi Arabia

9.2.4.2.            UAE

9.2.4.3.            South Africa

9.2.4.4.            Rest of The Middle East & Africa

10. South America Smart Irrigation Market, 2017-2030

10.1.                    South America Smart Irrigation Market size & Forecast, 2017-2030

10.1.1.        Demand

10.1.1.1.        By Value (USD Billion)

10.2.                    South America Smart Irrigation Market Share & Forecast, 2017-2030

10.2.1.        By Component

10.2.1.1.        Controllers

10.2.1.2.        Sensors

10.2.1.3.        Water Flow Meters

10.2.1.4.        Others

10.2.2.        By System Type

10.2.2.1.        Weather-based System

10.2.2.2.        Sensor-based System

10.2.3.        By Technology

10.2.3.1.       Non-Agriculture

10.2.3.1.1.              Turf and Landscape

10.2.3.1.2.              Golf Courses

10.2.3.1.3.              Others

10.2.3.2.       Agriculture

10.2.3.2.1.              Green House

10.2.3.2.2.              Open Field

10.2.4.        By Country

10.2.4.1.        Brazil

10.2.4.2.        Argentina

10.2.4.3.        Rest of South America

11. Competitor Analysis

11.1. Company Description

11.2. Financial Analysis

11.3. Key Products

11.4. Key Management Personnel

11.5. Contact Address

11.6. SWOT Analysis

11.7. Company profile

11.7.1.        Weathermatic

11.7.2.        AquaSpy

11.7.3.        Toro Company

11.7.4.        Caipos

11.7.5.        Hunter Industries

11.7.6.        Rain Bird Corporation

11.7.7.        Netafim

11.7.8.        HydroPoint

11.7.9.        Banyan Water

11.7.10. Rain Machine

11.7.11. Rachio

11.7.12. ET Water

11.7.13. Blossom

11.7.14. Delta-T Devices

11.7.15. Galcon

11.7.16. Calsense

11.7.17. Soil Scout

11.7.18. Acclima

11.7.19. Skydrop

11.7.20. Rain Machine Metaldyne LLC

11.7.21. Other Prominent Players.