Smart Irrigation Market Projected to Reach $4.68 Billion by 2030, Growing at a 12.7% CAGR from $2.02 Billion in 2023

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Smart Irrigation Market Overviews

Smart Irrigation Market size was valued at US$ 2.02 Billion in 2023 and the total Smart Irrigation revenue is expected to grow at 12.7% through 2024 to 2030, reaching nearly US$ 4.68 Billion.

Sprinkler schedules and run periods are automatically tailored by smart irrigation systems to match individual landscape demands. These smart controls considerably increase the efficiency of outdoor water usage. Smart irrigation controllers track weather, soil quality, precipitation, and plant water usage to proactively modify the sprinkler schedule to the real conditions of the site, unlike standard irrigation controllers that function on a fixed programmed schedule and timings. Smart irrigation controllers, for example, change spraying run times or schedules when external temperatures rise or rainfall falls, taking into account site-specific characteristics like soil type, sprinkler rate of application, and so on.

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Smart Irrigation Market Scope and Methodology:

A key reason for the growth of smart irrigation market is the rising relevance of effective watering techniques and irrigation systems for non-agricultural sectors such as housing, lawn and landscaping, and golf resorts. Smart cities are a growing trend in many regions of the world. The effective handling of water in residential and business spaces is emphasized in smart cities. Due to the loss of green cover as a result of urbanization to make room for concrete infrastructure, it is necessary to preserve the green equilibrium, where the intelligent irrigation idea is being used. In smart cities, the usage of smart irrigation controls is predicted to skyrocket over the forecast period.

Smart Irrigation Market Regional Insights

Due to factors such as the rising adoption of IoT-based crop irrigation in nations e.g. China and India, growing usage of smartphones and tablets to remotely monitor farm data, and growth capital in the agriculture tech industry in the Asia Pacific region, the Asia-Pacific smart irrigation market is anticipated to grow at the highest CAGR of 9.3% during the forecast period.

Smart Irrigation Market Segmentation

By Component, the sensor segment dominated the smart irrigation market in 2023 with 45.6% of total shares. It is expected to witness a CAGR of 8.2% in the aforementioned forecast period.

This rise might be due to the growing use of sensor-based watering systems in agriculture to save water and boost crop productivity. Sensor-based systems have the potential of analyzing accurate information from large sensors deployed on the farm, such as temperature, moisture levels, rainfall, and humidity. Sensor-based systems are also preferable to weather-based solutions since they do not depend on weather predictions or information from meteorological stations.

Smart Irrigation Market Key Players

Netafim (Israel)
HydroPoint (US)
Manna Irrigation (Israel)
Stevens Water Monitoring Systems (US)
Galcon (Israel)
Rachio (US)
Weathermatic (US)
Jain Irrigation Systems (India)
Banyan Water (US)
Delta-T Devices (UK)

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Key questions answered in the Smart Irrigation Market are:

What is Smart Irrigation ?
What was the Smart Irrigation market size in 2023?
What is the growth rate of the Smart Irrigation Market?
Which are the factors expected to drive the Smart Irrigation market growth?
What are the different segments of the Smart Irrigation Market?
What growth strategies are the players considering to increase their presence in Smart Irrigation ?
What are the upcoming industry applications and trends for the Smart Irrigation Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Irrigation Market?
Who are the leading companies and what are their portfolios in Smart Irrigation Market?
What segments are covered in the Smart Irrigation Market?
Who are the key players in the Smart Irrigation market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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