Smart Irrigation Market Trends worth USD 2.3 billion Impact Analysis by 2026

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Smart Irrigation Market Trends worth USD 2.3 billion Impact Analysis by 2026

July 28
02:45 2022
Smart Irrigation Market Trends worth USD 2.3 billion Impact Analysis by 2026
Smart Irrigation Market
Smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers.

The smart irrigation market is projected to grow from USD 1.2 billion in 2021 to reach USD 2.3 billion by 2026; it is expected to grow at a CAGR of 14.9 % from 2021 to 2026. The increasing importance of efficient irrigation solutions and watering practices is the key factor driving the growth of the smart irrigation market. Some other factor propelling the market growth includes rising concerns regarding water conservation, the increasing demand for food, technology upgrades, and climate change. Smart irrigation systems automatically adjust watering schedules based on various parameters, including soil moisture content, plant water content, wind speed, wind direction, and local weather data. Smart irrigation system offers various benefits such as environmental sustainability, reduced labor costs, and less water usage.

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Browse over 100 tables, 100 figures/charts, and an in-depth TOC onSMART IRRIGATION MARKET – GLOBAL FORECAST TO 2026” Early buyers will receive 10% customization on the report.

Smart Irrigation Market by Ecosystem

“Weather-based smart irrigation systems likely to hold larger share during the forecast period due to increased demand for weather-based controllers”

The weather-based system segment dominated the market in 2020 and likely to continue this trend by 2026 as these systems have become quite popular among homeowners, commercial building contractors, and landscaping and golf course managers. Due to the rapid development of the non-residential segment, the demand for weather-based controllers has increased significantly. Weather-based controllers, also called ET controllers, irrigate plants or crops as per their evapotranspiration needs. A weather-based irrigation controller (WBIC) obtains inputs such as soil characteristics and water pressure about the field or land from local sensors or satellite weather stations to update the amount of irrigation water according to the requirements. These controllers predefine irrigation water requirements based on weather conditions, soil type, slope, soil moisture, etc., to reduce the wastage of water.

“Controllers hardware segment likely to dominate global smart irrigation market by 2026 mainly due to surging demand for remotely controlled irrigation systems”

The controllers segment accounted for the largest share among all hardware component of the global smart irrigation market in 2020 and is expected to retain its dominant position throughout the forecast period from 2021 to 2026. The larger market share of controllers is mainly due to the increasing adoption of smart controllers for automatic irrigation scheduling in residential and commercial property, lawns, gardens, and landscaping. Smart controllers (commonly referred to as ET controllers, weather-based irrigation controllers, smart sprinkler controllers, and water smart irrigation controllers) are a new generation of irrigation controllers that utilize prevailing weather conditions, current and historic evapotranspiration, soil moisture levels, and other relevant factors to adapt water applications to meet the actual needs of watering for agricultural as well as commercial applications. Over the past few years, the number of smart controller products on the market has increased dramatically, with different manufacturers opting for different control technology solutions. For example, in March 2020, Hunter Industries (US) launched the economical X2 controller that continued the legacy set by the popular X-Core, having the same set of capabilities but brought irrigation management into the next generation by providing the option to add advanced water-saving features using Hunter’s industry-leading wireless Hydra wise technology.

“Non-Agriculture application segment is expected to retain its dominant position throughout the forecast period”

The non-agricultural application segment held the largest market share of the global smart irrigation market in 2020 and is expected to retain its dominant position throughout the forecast period. Among non-agricultural applications, the residential segment is expected to dominate the market during the forecast period. Factors such as government initiatives to promote water conservation, rising disposable income of people, an increasing number of smart cities, and the growing trend of landscape beautification have paved the way for the adoption of smart irrigation systems for non-agricultural applications in the near future.

“Americas to hold the largest share of smart irrigation market throughout forecast period as the region have the highest number of smart irrigation systems installed at farms, residential landscapes, and golf courses”

Americas is expected to account for the largest share of the smart irrigation market during the forecast period, owing to the early adoption of smart irrigation technologies by countries such as the US and Canada. The Americas are a major market for smart irrigation, with some major technology providers such as Hydro Point, Rachio, The Toro Company, and Skydrop present in this region. The increasing demand for advanced agricultural solutions is expected to drive the growth of the smart irrigation market here. Farmers or growers in the Americas are increasingly adopting smart irrigation systems and IoT related devices such as controllers, sensors, water flow meters, and irrigation management software

Key players in the smart irrigation market include Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), and Weathermatic (US).

Study Coverage:

The report describes the detailed information regarding the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the smart irrigation market. It also includes technology trends, trade data, and patent analysis. This research report categorizes the smart irrigation market based on system type, component, application, and region. COVID-19 developments for component, application, and geography segments have also been provided. A detailed analysis of the key industry players was carried out to provide insights into their business overviews; solutions and services offered; key strategies adopted that include new product; mergers; and partnerships and collaborations, recent developments, and COVID-19 specific developments associated with the smart irrigation market.

Brief information on the research methodology for the report can be found in the report description provided on the website.

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