Global Smart Irrigation Market Analysis & Trends - Industry Forecast to 2028

Global Smart Irrigation Market Analysis & Trends - Industry Forecast to 2028

Smart Irrigation: Market Size

From $1.00 billion in 2020, the global Smart Irrigation market is projected to reach $3.61 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 17.4% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include adoption of irrigation drones, recent technological developments in smart irrigation, and growing inclination toward robots in agriculture.

Global Smart Irrigation Market: Market Dynamics

Smart irrigation is an advanced irrigation system that uses various sensors and network components for the purpose of improved efficiency. Owing to its cost-effectiveness and competence, the farming sector is adopting smart irrigation at an exponential pace. This IoT mechanism is extremely necessary for farmers to decrease water wastage. As well, smart irrigation augments the enlargement of crops. With a smart irrigation system, with fewer resources, more result is witnessed by the farmers. There are numerous benefits allied with the use of smart irrigation such as the saving of time as well as money and for the gathering of specific landscape desires through the optimization of water levels. The growing government initiatives and consciousness programs regarding water conservation in emerging countries and optimum utilization of resources are fueling the growth of the smart irrigation market across the globe. The rising technical convergence for manifold communication control functionalities in the agriculture sector is one of the key factors contributing to the growth of the market.

For instance, In July 2019, The National Parks Board (NParks) and OCBC bank connected forces to set up an arboretum that will use IoT technology. OCBC is to spend S$4 million on the project which will also integrate smart irrigation systems to automatically trigger watering of plants in dry weather conditions.

On the other hand, the lack of awareness and technical knowledge regarding smart irrigation systems among farmers is likely to obstruct the profit boundaries. In addition, technological advancements such as the incorporation of smart phones with irrigation systems will further boost the smart irrigation market.

Impact of COVID-19 on Smart Irrigation

The outbreak of COVID-19 has a negative impact on the smart irrigation market has led to a refuse in the sales of the systems due to the interrupted supply chain owing to the regime protocols which inhibited the hardware products to attain the manufacturing facility to form the final system. With the industries getting back on the trail and recuperating after anguish losses due to the pandemic, the smart city and other smart irrigation projects that were incapable to continue the processes owing to lockdown are anticipated to resume in the coming months. COVID-19 is further projected to speed up the installation of IoT devices in agriculture farms across the world to optimize irrigation scheduling with abridged labor necessities in the field.
By System Type

Weather-Based Controller Systems/Climate Based Controller Systems Segment Dominate the Market

The weather-based controller systems/climate based controller systems segment is anticipated to holds the significant market share during the forecast period, due to increasing government initiatives to promote water conservation, the high espousal of weather-based systems in the agriculture and non-agriculture segment, and automatic scheduling of irrigation leading to reduced labor costs. Weather-based systems have become quite popular among homeowners, commercial building contractors, and landscaping and golf course managers. A weather-based irrigation system, also called ET system, uses water schedules for watering plants using analytical methods to assess local temperature, humidity, and wind in the region.

By Geography

North America Region is Leading in the Global Market Place

North America region is likely to have a huge demand in the forecast period due to the high adoption of smart irrigation technologies and systems, coupled with the adoption and availability of advanced irrigation devices and systems such as controllers, smart water flow meters, and sensors in the countries in North America. Countries such as the US and Canada in North America are the early adopters of smart irrigation technologies, which is the major reason for the high market share of this region in the smart irrigation market. Farmers or growers in this region are increasingly adopting advanced irrigation systems and equipment such as smart controllers, sensors, and water flow meters.

List of the Key Players Profiled in the Market Include:

• Hunter Industries Incorporated
• Netafim
• Rachio Inc.
• Telsco Industries, Inc.
• Rain Bird Corporation
• The Toro Company
• HydroPoint Data Systems, Inc.
• Stevens Water Monitoring Systems
• California Sensor Corporation
• Baseline Inc.
• CALSENSE
• Valmont Industries Inc.
• ET Water Systems, Inc.
• Banyan Water
• Delta-T Devices Ltd
• Skydrop LLC.

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others