The Smart Irrigation Global Market Report 2023, provides comprehensive information on the smart irrigation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Smart Irrigation Global Market Report 2023, the market size is expected to grow from $1.39 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart irrigation market size is expected to grow to $2.9 billion in 2027 at a CAGR of 15.5%.
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The growth of smart cities is significantly contributing to the growth of the smart irrigation market going forward. The increase in the importance of efficient watering solutions for non-agricultural practices is the major driving factor for the growth of this market. As smart cities are being the ongoing trend in major parts of the world, they emphasize efficient management of water practices for both commercials as well as residential spaces. For instance, according to Cities Today, a US-based magazine, the number of smart city projects in 2020 grew by 14% from 2019 and is expected to increase at a faster rate in 2023 and 2024. Therefore, an increase in smart cities helps in the growth of the smart irrigation market.
The smart irrigation market is segmented:
1) By Type: Climate-Based, Sensor-Based
2) By Technology: Evapotranspiration, Soil Moisture
3) By Component: Sensors, Controllers, Water Flow Meters, Software, Other Components
4) By End User: Agriculture, Golf Course, Residential, Other End Users
North America was the largest region in the smart irrigation market in 2022.
The table of contents in TBRC’s smart irrigation market report includes:
- Executive Summary
- Smart Irrigation Market Characteristics
- Smart Irrigation Market Trends And Strategies
- Smart Irrigation Market – Macro Economic Scenario
- Smart Irrigation Market Size And Growth
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- Africa Smart Irrigation Market
- Smart Irrigation Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Smart Irrigation Market
- Smart Irrigation Market Future Outlook and Potential Analysis
- Appendix
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