Smart Irrigation Market was worth USD 934.72 million in 2021 and estimated to be growing at a CAGR of 18.1%, to reach USD 2172.6 billion by 2027. The smart irrigation system is an automated system that provides plants 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 cost, and less water usage.
Market Drivers
Expanding farming operations cost, increasing government initiatives to promote water conservation and growing importance to increase 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 are further expected to fuel the growth of the market. However, 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 |
2021 – 2027 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
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 on 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. |
Market Segmentation
Weather-based controllers
Sensor-based controllers
Sensor
Water/flow meter
Smart detection system
Agriculture
Non-agriculture
The agriculture application is expected to grow at a high CAGR.
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
The Smart Irrigation market was dominated by North America. Asia Pacific is expected to grow at the highest CAGR.
Key Players:
Hunter Industries
Rain Bird Corporation
Netafim
HydroPoint Data Systems, Inc
Rachio Inc
The Toro Company
Calsense
Galcon
Blossom
Green Electronics LLC (RainMachine)
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