According to a new market report by Lucintel, the future of the smart irrigation market looks promising with opportunities in the agriculture and non-agriculture irrigation industries. The smart irrigation market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are increasing government initiatives to promote water conservation, growth in smart cities, and increasing need for efficient irrigation systems.

In this market, weather-based controllers, sensor-based controllers, and smart flow meters are the major systems used in the irrigation industry. Lucintel forecasts that sensor based controllers are expected to witness the highest growth over the forecast period due to the increasing adoption in the agriculture industry. Soil sensor-based controllers are used for analyze data from various sensors, such as soil moisture, rain, temperature, and humidity sensor installed on the field.
Within the smart irrigation market, water resource management, soil management and ground water management are the major application of smart irrigation system market. Lucintel forecasts that water resource management will remain the largest application over the forecast period due to increasing focus of government in water conservation through drip irrigation and IoT based system.

APAC will remain the largest region over the forecast period due to increasing technology adoption and high investment in the R&D of smart irrigation solutions.

Toro Company, Rain Bird Corporation, Hunter industries, Netafim, Stevens Water Monitoring System, Galocn, Rachio, Weathersmatic, Banyan Water are among the major providers of smart irrigation systems..

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart irrigation market by system, component, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Growth Opportunity in the smart irrigation Market 2019-2024: Trends, Forecast, and Opportunity Analysis" This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart irrigation market by system, component, application, end use industry, and region as follows:


By System [$M shipment analysis for 2019 – 2024]:
• Weather-based controllers
• Sensor-based controllers
• Smart flow meters

By Component [$M shipment analysis for 2019 – 2024]:

• Controllers
• Sensors
• Water Flow Meters

By Applications [$M shipment analysis for 2019 – 2024]:

• Water resources management
• Soil management
• Ground water management
By End Use Industry [$M shipment analysis for 2019 – 2024]:
• Agricultural
o Greenhouse
o Open Field
• Nonagricultural
o Residential
o Turf and Landscape
o Golf Courses
o Others


By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the smart irrigation market by system (weather-based controllers, sensor-based controllers, and smart flow meters), component (controllers , sensors, and water flow meters), application (water resource management, soil management and ground water management), end use industry (agricultural and non agricultural) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?