Smart Irrigation - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Smart Irrigation Market is accounted for $1.00 billion in 2020 and is expected to reach $3.61 billion by 2028 growing at a CAGR of 17.4% during the forecast period. Some of the key factors propelling the market growth include increasing technological convergence for multiple communication control functionalities in agriculture sector, increasing government initiatives and awareness programs regarding water conservation in emerging countries, increasing development of smart cities in developed countries, and growing need for efficient irrigation systems. However, high technological costs and limited technical knowledge and skills among farmers are hampering the market growth.
Smart irrigation is an advanced system that irrigates the soil with the help of network components. The conventional irrigation system is integrated with network and smart detection devices. Smart-irrigation techniques are using controllers, sensors and meters to monitor the irrigation. The vital role of this smart-irrigation system is for water efficiency. The smart-irrigation system comes with a sensor controller to manage the water sprinklers and drip irrigation system. It is an effective smart device that can monitor soil, temperature, moisture, rain and water flow. The demand for smart irrigation is growing higher.
By component, the controllers segment is expected to grow at a significant rate during the forecast period, due to increasing adoption of these devices for automatic irrigation scheduling in applications such as agriculture, residential and commercial property, lawns and gardens, and landscaping. Controller is an important component in the automated irrigation system. The technological advancements in the development of controllers have lead to rising adoption controllers. Smart controllers use weather and sensor data to automatically adjust irrigation schedules to any environmental changes. Smart controllers have additional features, such as multiple programs to allow different watering frequencies for different types of plants, rain delay settings, input terminals for sensors such as rain/freeze and soil moisture, and remote operation.
On the basis of geography, Asia Pacific region is expected to fastest-growing market during the forecast period, owing to stringent norms of government on water-efficient and increasing use of smart irrigation technology in agriculture field to meet the growing demand for food in the region. The key contributors in the region are china, Japan, India and Korea. The agricultural sector is massive in Asia pacific. Therefore, the demand prospects for the market are high in the forecasts period. Demand for sensors has elevated the global market in China and India. For instance, according to a report by the Asian Development Bank (ADB), agriculture sector in Asia Pacific needs to produce around 60% more food globally over the forecast period, to cater to the requirement of food for increasing population.
Some of the key players in Smart Irrigation Market include Hunter Industries Incorporated, Netafim, Rachio Inc., Telsco Industries, Inc. (Weathermatic), Rain Bird Corporation, The Toro Company, HydroPoint Data Systems, Inc., Stevens Water Monitoring Systems, California Sensor Corporation, Baseline Inc., CALSENSE, Galcon, ET Water Systems, Inc., Banyan Water, Delta-T Devices Ltd, Skydrop LLC., and Valmont Industries Inc.
System Types Covered:
• Soil Moisture Sensor Controller Systems
• Sensor-Based Controller Systems
• Weather-Based Controller Systems/Climate Based Controller Systems
• Other Components
Sales Channels Covered:
• Direct Sales
Solution Types Covered:
• Leak & Flow Management
• Water Budget Management
• Smart Irrigation Management
• Drought Compliance Management
• Water Resource Management
• Ground Water Management
• Soil Management
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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