Smart Irrigation Market is projected to witness growth at a CAGR of 14.5% during the forecast period


Posted February 21, 2023 by Jameslin

The global smart irrigation market is projected to witness growth at a compounded annual growth rate (CAGR) of 14.5% during the forecast period of 2022-2030.

 
The global smart irrigation market is projected to witness growth at a compounded annual growth rate (CAGR) of 14.5% during the forecast period of 2022-2030.
Smart irrigation systems automate the entire irrigation system while monitoring the weather, soil, water, and land conditions as well as plant water usage to adapt the watering schedule. These systems make use of a variety of cutting-edge tools and parts, such as controls, sensors, and meters. Smart irrigation is a crucial part of precision agriculture since it is economical, effective, and data-driven. These systems help to reduce water waste and maintain plant health and quality and are commonly utilised in the agricultural, golf course, and residential sectors.

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Growth Drivers
Moreover, due to overwatering and other operational inefficiencies, standard irrigation systems in use today waste about 50% of the water that is used. This has led to the expansion of modern agriculture and the use of smart irrigation in non-agricultural applications, such as residential, golf courses, and other industries. Over the forecast period of 2022–2030, the popularity of smart irrigation has seen great rise in recent years, which is anticipated to support the growth of the market for smart irrigation as a whole.
Furthermore, the market's players have a lot of room to grow thanks to the increasing number of technological developments in smart irrigation systems. Some recent market developments include the integration of smartphones with irrigation controllers and software applications, the growth of wireless sensor-integrated irrigation sprinkler and dripping systems, and intelligent control and automation services that help reduce human intervention and effectively manage water run-time.
The increasing emphasis on using information and communication (ICT) technologies to improve day-to-day operational performance and the quality of life in urban areas, the declining cost of sensors & controllers used in smart irrigation systems, and the surge in demand for 5G network for remote monitoring are expected to contribute to these and other trends.

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Smart Irrigation Market Segmentation
By Component:
• Controllers
• (Evapotranspiration) ET-Based
• Soil Sensor-Based
• Sensors
• Soil Moisture Sensors
• Temperature Sensors
• Rain/Freeze Sensors
• Fertigation Sensors
• Others
• Water Flow Meters
• Others
• Gateways
• Routers
• Wireless Communication Equipment

By System Type:
• Weather-based
• Sensor-based

By Application:
• Agricultural
• Greenhouses
• Open-fields
• Non-Agricultural
• Residential
• Turf & Landscape
• Golf Courses
• Others

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Companies in Smart Irrigation Market
• Netafim
• HydroPoint
• Rain Bird Corporation
• The Toro Company
• Hunter Industries
• Manna Irrigation
• Stevens Water Monitoring Systems
• Galcon
• Rachio
• Weathermatic
• Other Players

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Issued By James Lin
Country United States
Categories Agriculture , Business , Industry
Tags smart irrigation market , smart irrigation market size , smart irrigation market share , smart irrigation market growth , smart irrigation market news
Last Updated February 21, 2023