Smart Irrigation Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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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 monitor the weather, soil, water, land conditions, and plant water use and adjust the watering schedule by automating the entire irrigation system. These systems utilize a combination of advanced technologies and components, including controllers, sensors, and meters. Smart irrigation is cost-effective, efficient, and data-driven and a key component of precision agriculture. These systems are typically used in agriculture, golf course, and residential sectors and aid in reducing the wastage of water and in maintaining plant health and quality.

Growth Drivers

Factors predominantly driving the growth of this market include; the growing penetration of automated monitoring systems in the farming sector across the globe; the surging adoption of smart technologies and smart infrastructures among regions; the proliferating awareness regarding the need for smart and efficient irrigation due to the ongoing water crisis and erratic rainfall patterns across major regions; the rising number of government initiatives and policies for promoting water conservation & farming; and the increasing number of smart cities worldwide.


Additionally, traditional irrigation systems in use today lead to around 50.0% wastage of water due to overwatering and other inefficiencies in methods. This has resulted in the growth of modern agriculture and the adoption of smart irrigation in non-agriculture applications, including golf courses, residential, and other sectors. The popularity of smart irrigation has been amassing tremendous growth in recent years, which, in turn, is expected to bolster the growth of the overall smart irrigation market during the forecast period of 2022-2030.

Moreover, the growing number of technological advancements in smart irrigation systems is creating ample growth opportunities for the players operating in the market. The integration of smartphones with irrigation controllers and software applications and the rise in the number of wireless sensors integrated irrigation sprinklers and dripping systems along with intelligent control, and automation services that aid in curtailing human intervention and effective water run-time management are some of the recent developments in the market.

Furthermore, other factors including the burgeoning demand for IoT and cloud technology; the growing number of greenhouse projects across the globe; the increasing emphasis on utilizing information and communication (ICT) technologies to enhance 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 further augment the growth of the global smart irrigation market during the forecast period.

However, factors such as the requirement of high initial investment and maintenance cost, the limited technical knowledge and skills among farmers, and the concerns associated with the breach of security in smart irrigation systems are expected to hinder the growth of the global smart irrigation market to a certain extent during the forecast period.

Smart Irrigation Market Segmentation

By Component:

·         Controllers

o    (Evapotranspiration) ET-Based

o    Soil Sensor-Based

·         Sensors

o    Soil Moisture Sensors

o    Temperature Sensors

o    Rain/Freeze Sensors

o    Fertigation Sensors

o    Others

·         Water Flow Meters

·         Others

o    Gateways

o    Routers

o    Wireless Communication Equipment

 

By System Type:

·         Weather-based

·         Sensor-based

 

By Application:

·         Agricultural

o    Greenhouses

o    Open-fields

·         Non-Agricultural

o    Residential

o    Turf & Landscape

o    Golf Courses

o    Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Based on system type, the sensor-based segment is predicted to achieve the highest CAGR in the market during the forecast period. This can be attributed to the growing adoption of sensor-based systems in agricultural irrigation to save water and enhance crop yield and the increasing preference for sensor-based systems over weather-based systems due to their high effectiveness.

 

Based on application, the agriculture segment is anticipated to register the highest growth in the global smart irrigation market during the forecast period of 2022-2030.  The ever-growing demand for quality food across the globe, the rising farming operating costs, and the increasing focus on improving farm productivity are the major factors driving the growth of this particular segment.

 

Regional Outlook

The North American region accounted for 41.0% of the market share and commanded the global smart irrigation market in 2021. The region is estimated to retain its lead in the market during the forecast period owing to factors such as the high utilization of smart irrigation systems, the presence of well-established market players and the surging adoption of IoT devices to automate processes in the region. The U.S., Canada, and Mexico stand as the leading contributors to the growth of the market in the region.

 

The European region held the second-largest share of the global smart irrigation market in 2021. The region is slated to witness robust expansion during the forecast period. Factors ascribed to the growth of the market in the region include the growing initiatives by governments in the form of subsidies to farmers for the installation of irrigation equipment; the escalating technological advancements in smart irrigation solutions; the presence of huge cultivated and irrigated land area; the rising adoption of smart irrigation technologies for enhancing crop yield, and the increasing number of policies emphasizing the provision of requisite infrastructure for irrigation in the region. Germany, France, Spain, and the U.K are the major contributors to the growth of the market in the region.

 

The Asia Pacific region is poised to emerge as the fastest-growing regional market for smart irrigation during the forecast period. The presence of a well-established and growing agriculture sector in the region; the proliferating adoption of IoT-based irrigation practices; the presence of stringent government norms on water conservation; the increasing adoption of smart irrigation solutions in residential areas; the rising penetration of smartphones and other devices for remote access of field data, and the escalating investments in the ag-tech sector in the region are among the primary factors driving the growth of the market in the Asia Pacific region. India, China, Japan, South Korea, and Australia are the major contributors to this region.

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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