The global smart irrigation market size is expected to reach USD 1539.68 million in 2024 and reach USD 3537 million by 2029, growing at a CAGR of 18.1% from 2024 to 2029.
The smart irrigation system is an automated system that provides plants with the exact water when it’s required without any manual intervention. It automatically adjusts the watering schedule based on various real-time parameters including water content of the plant, wind speed, wind direction, and local weather data. It has numerous advantages, including environmental sustainability, reduced labor costs, and less water usage.
Expanding farming operations costs, increasing government initiatives to promote water conservation, and the growing importance of increasing farm profit by utilizing automated irrigation solutions are the major factors driving the smart irrigation market. Also, increasing the need to monitor and control the water requirements of the field due to inadequate rainfall and water is further expected to fuel the growth of the market. However, a lack of awareness regarding the potential benefits of smart irrigation solutions and high implementation costs are restraining the growth of the market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
18.1% |
Segments Covered |
By Irrigation Controller, Hardware and network, Component, Application, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Hunter Industries, Rain Bird Corporation, Netafim, HydroPoint Data Systems, Inc., Rachio Inc., The Toro Company, Calsense, Galcon, Blossom, Green Electronics LLC (RainMachine), and Others. |
The smart irrigation market was dominated by North America. Asia Pacific is expected to grow at the highest CAGR.
Hunter Industries, Rain Bird Corporation, Netafim, HydroPoint Data Systems, Inc., Rachio Inc., The Toro Company, Calsense, Galcon, Blossom, and Green Electronics LLC (RainMachine). Some of the major market players dominate the global smart irrigation market.
By irrigation Controller
By Hardware and Network Component
By Application
By Region
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