Smart Irrigation Market
Smart Irrigation Market Forecasts to 2030 - Global Analysis By System Type (Weather-Based Controllers and Sensor-Based Controllers), Irrigation Type, Application, End User and By Geography
According to Stratistics MRC, the Global Smart Irrigation Market is accounted for $2.5 billion in 2024 and is expected to reach $6.1 billion by 2030 growing at a CAGR of 15.9% during the forecast period. Smart irrigation systems leverage advanced technologies to optimize water usage for agricultural and landscaping purposes. These systems utilize sensors, weather data, and automated controllers to monitor soil moisture, weather conditions, and plant needs in real-time. By precisely delivering the right amount of water at the right time, smart irrigation reduces water waste, enhances crop yields, and promotes healthier landscapes. Key components of smart irrigation include soil moisture sensors, weather-based controllers, and drip irrigation systems.
According to the India Brand Equity Foundation, the agricultural sector consumes the freshest water in the country, accounting for up to 78 percent. Additionally, as per the OECD's environmental forecast for 2050, India will experience severe water scarcity by 2050.
Market Dynamics:
Driver:
Growing environmental consciousness and water scarcity
As awareness of environmental issues rises, there's a greater demand for sustainable and efficient water management solutions. Smart irrigation systems, which optimize water usage through data-driven insights and automation, address these concerns effectively. Water scarcity pressures farmers and landscapers to adopt technologies that conserve water and enhance productivity. This trend drives the development and adoption of advanced irrigation systems, promoting sustainable practices and resource efficiency. Consequently, the smart irrigation market is experiencing rapid growth, fueled by the need for sustainable solutions in water management.
Restraint:
High initial investment and maintenance costs
High initial investment and maintenance costs can deter small and medium-sized farmers and businesses from adopting smart irrigation systems, despite their long-term benefits and efficiency gains. The upfront expense for advanced sensors, controllers, and installation can be prohibitive, limiting market penetration. Additionally, ongoing maintenance and the need for technical expertise to manage these systems can further discourage adoption. This financial barrier slows the widespread implementation of smart irrigation technologies, impacting market growth.
Opportunity:
Government initiatives promoting sustainable water usage
Policies and incentives, such as subsidies, grants, and tax breaks, encourage farmers and businesses to adopt water-efficient technologies. These initiatives raise awareness about water conservation and provide financial support to offset the high initial costs of smart irrigation systems. As a result, more stakeholders are investing in advanced irrigation solutions that optimize water usage and enhance sustainability. Government-backed programs also foster innovation and development within the industry, leading to more affordable and accessible smart irrigation products.
Threat:
Lack of awareness and technical expertise
Many potential users, particularly in developing regions, are unaware of the benefits and capabilities of smart irrigation technologies. Additionally, the complexity of these systems requires a certain level of technical knowledge for installation, operation, and maintenance. Without proper training and support, users may struggle to implement and manage smart irrigation solutions effectively, leading to suboptimal performance and potential disinterest.
Covid-19 Impact
The Covid-19 pandemic impacted the smart irrigation market by accelerating the adoption of automation and remote monitoring technologies. With restrictions on movement and labor shortages, farmers and landscapers turned to smart irrigation systems for efficient and contactless management of water resources. Supply chain disruptions initially hampered the production and distribution of these technologies, but the increased focus on sustainability and resource efficiency drove demand. The pandemic highlighted the importance of resilient and adaptable agricultural practices, spurring investment in smart irrigation solutions. This shift is expected to continue, fostering long-term growth and innovation in the market.
The sensor-based controllers segment is expected to be the largest during the forecast period
The sensor-based controllers is expected to be the largest during the forecast period as these controllers use real-time data to optimize water usage, reducing waste and conserving resources. They enable precise irrigation tailored to soil moisture, weather conditions, and plant needs, leading to healthier crops and landscapes. This technology is driving market growth by appealing to environmentally conscious consumers and businesses aiming to reduce operational costs. The increased adoption of sensor-based systems is fostering innovation, leading to more advanced and integrated solutions in the smart irrigation sector.
The drip irrigation segment is expected to have the highest CAGR during the forecast period
The drip irrigation segment is expected to have the highest CAGR during the forecast period as this method reduces water wastage by delivering water directly to plant roots, minimizing evaporation and runoff. Its integration with smart technologies allows for automated and data-driven irrigation schedules, optimizing water usage based on soil moisture, weather conditions, and plant requirements. The adoption of drip irrigation systems is expanding due to their cost-effectiveness and sustainability, driving market growth. This trend is encouraging further innovation and the development of advanced smart irrigation solutions, enhancing agricultural productivity and resource management.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the US is at the top of the market, but Canada is expected to grow the fastest in the future. The growth of the regional market is projected to be fueled by the introduction of IoT and the convergence of various control features, growing government programs to encourage water conservation, the expansion of smart cities, and the demand for effective irrigation systems. The industrial sector is adopting IoT devices in Mexico and the US more frequently to automate processes.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period as the region's agricultural industry is developing, and various countries are opting for smart irrigation solutions for reliability and enhancing market efficiency. There is a large market for smart irrigation systems in Asia-Pacific because of the region's widespread use of such systems. Hence, farmers in this country have started adopting smart irrigation systems with sensors to monitor water level, soil moisture content, and temperature, contributing to market expansion in China and regional growth.
Key players in the market
Some of the key players in Smart Irrigation market include AquaSpy, Inc., Banyan Water, Inc., Caipos GmbH, Calsense, Delta-T Devices Ltd., Galcon Ltd., Hunter Industries Incorporated, HydroPoint Data Systems, Inc., Jain Irrigation, Inc., Lindsay Corporation, Mottech Water Solutions Ltd., Nelson Irrigation Corporation, Netafim Limited, Rachio, Inc., Rain Bird Corporation, Rivulis Irrigation Ltd., Soil Scout Oy, The Toro Company, Valmont Industries and Weathermatic
Key Developments:
In June 2024, Lindsay (LNN) Signs Irrigation Project Deal for Food Security. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025.
In January 2024, Lindsay Corporation Unveils Next Generation User Interface for Precision Irrigation Management. The FieldNET NextGen™ user interface sets new standards in irrigation water management, offering growers and agricultural professionals clear, concise analyses of thousands of data points processed in real time.
System Types Covered:
• Weather-Based Controllers
• Sensor-Based Controllers
Irrigation Types Covered:
• Drip Irrigation
• Pivot Irrigation
• Surface Irrigation
• Subsurface Irrigation
• Spray Irrigation
• Other Irrigation Types
Applications Covered:
• Controllers
• Sensors
• Water Flow Meters
• Software Solutions
• Other Applications
End Users Covered:
• Agricultural
• Non-Agricultural
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Irrigation Market, By System Type
5.1 Introduction
5.2 Weather-Based Controllers
5.3 Sensor-Based Controllers
6 Global Smart Irrigation Market, By Irrigation Type
6.1 Introduction
6.2 Drip Irrigation
6.3 Pivot Irrigation
6.4 Surface Irrigation
6.5 Subsurface Irrigation
6.6 Spray Irrigation
6.7 Other Irrigation Types
7 Global Smart Irrigation Market, By Application
7.1 Introduction
7.2 Controllers
7.2.1 Valves
7.2.2 Sprinklers
7.2.3 Filters
7.2.4 PVC Pipes & Fittings
7.3 Sensors
7.3.1 Wind Speed Sensors
7.3.2 Soil Moisture Sensors
7.3.3 Evaporation Sensors
7.3.4 Leaf Wetness Sensors
7.4 Water Flow Meters
7.5 Software Solutions
7.6 Other Applications
8 Global Smart Irrigation Market, By End User
8.1 Introduction
8.2 Agricultural
8.3 Non-Agricultural
9 Global Smart Irrigation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 AquaSpy, Inc.
11.2 Banyan Water, Inc.
11.3 Caipos GmbH
11.4 Calsense
11.5 Delta-T Devices Ltd.
11.6 Galcon Ltd.
11.7 Hunter Industries Incorporated
11.8 HydroPoint Data Systems, Inc.
11.9 Jain Irrigation, Inc.
11.10 Lindsay Corporation
11.11 Mottech Water Solutions Ltd.
11.12 Nelson Irrigation Corporation
11.13 Netafim Limited
11.14 Rachio, Inc.
11.15 Rain Bird Corporation
11.16 Rivulis Irrigation Ltd.
11.17 Soil Scout Oy
11.18 The Toro Company
11.19 Valmont Industries
11.20 Weathermatic
List of Tables
1 Global Smart Irrigation Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Irrigation Market Outlook, By System Type (2022-2030) ($MN)
3 Global Smart Irrigation Market Outlook, By Weather-Based Controllers (2022-2030) ($MN)
4 Global Smart Irrigation Market Outlook, By Sensor-Based Controllers (2022-2030) ($MN)
5 Global Smart Irrigation Market Outlook, By Irrigation Type (2022-2030) ($MN)
6 Global Smart Irrigation Market Outlook, By Drip Irrigation (2022-2030) ($MN)
7 Global Smart Irrigation Market Outlook, By Pivot Irrigation (2022-2030) ($MN)
8 Global Smart Irrigation Market Outlook, By Surface Irrigation (2022-2030) ($MN)
9 Global Smart Irrigation Market Outlook, By Subsurface Irrigation (2022-2030) ($MN)
10 Global Smart Irrigation Market Outlook, By Spray Irrigation (2022-2030) ($MN)
11 Global Smart Irrigation Market Outlook, By Other Irrigation Types (2022-2030) ($MN)
12 Global Smart Irrigation Market Outlook, By Application (2022-2030) ($MN)
13 Global Smart Irrigation Market Outlook, By Controllers (2022-2030) ($MN)
14 Global Smart Irrigation Market Outlook, By Valves (2022-2030) ($MN)
15 Global Smart Irrigation Market Outlook, By Sprinklers (2022-2030) ($MN)
16 Global Smart Irrigation Market Outlook, By Filters (2022-2030) ($MN)
17 Global Smart Irrigation Market Outlook, By PVC Pipes & Fittings (2022-2030) ($MN)
18 Global Smart Irrigation Market Outlook, By Sensors (2022-2030) ($MN)
19 Global Smart Irrigation Market Outlook, By Wind Speed Sensors (2022-2030) ($MN)
20 Global Smart Irrigation Market Outlook, By Soil Moisture Sensors (2022-2030) ($MN)
21 Global Smart Irrigation Market Outlook, By Evaporation Sensors (2022-2030) ($MN)
22 Global Smart Irrigation Market Outlook, By Leaf Wetness Sensors (2022-2030) ($MN)
23 Global Smart Irrigation Market Outlook, By Water Flow Meters (2022-2030) ($MN)
24 Global Smart Irrigation Market Outlook, By Software Solutions (2022-2030) ($MN)
25 Global Smart Irrigation Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Smart Irrigation Market Outlook, By End User (2022-2030) ($MN)
27 Global Smart Irrigation Market Outlook, By Agricultural (2022-2030) ($MN)
28 Global Smart Irrigation Market Outlook, By Non-Agricultural (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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