Smart Irrigation Market Expected to Reach US ~$3.75 Billion and CAGR 14.7% by 2030 – Polaris Market Research
The global smart irrigation market size is expected to reach USD 3.75 billion by 2030, according to a new study by Polaris Market Research.
Aggressive government activities to promote water conservation, expanding sophisticated farming practices, increasing the importance of preventing water waste, and growing preference for irrigation controllers in gardens are all driving this industry. However, high startup costs and diminishing farm revenue, particularly in low-income countries, impede the market expansion.
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Traditional watering systems can lose up to 50% of the water consumed with an inefficient system, humidity, and overwatering processes. Furthermore, they run on a timer yet do not reply to weather or the amount of water a plant requires. These factors have increased the demand for smart irrigation, which employs sensors to collect real-time or historical data to guide watering routines and adjust schedules to maximize efficiency.
The escalating demand from emerging markets such as India and China will create a lucrative growth opportunity in the Asia Pacific region. On the contrary, Europe is expected to have a sizable market share due to its enormous cultivated and irrigated land area. Farmers in Europe are already employing smart technology to increase agricultural yield while reducing water use. This region is still in the early stages of adoption, but it has a lot of potential for the smart irrigation sector.
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Rain Bird Corporation, Hunter Industries, Galcon, Rachio, Weathermatic, The Toro Company, Soil Scout, Caipos, Netafim, Hydropoint, Manna Irrigation, Stevens Water Monitoring, Delta-T Devices, Calsense, Skydrop, Aquaspy are some of the players operating in the market. In January 2020, Smart Rain acquired Irrisoft and Weather Reach brands from Campbell Scientific Inc.
With this acquisition, the Smart Rain system will be more reliable, and Weather Reach technology will be integrated to improve water efficiency and maintain beautiful landscapes. In July 2020, Sentek Technologies and Netafim decided to work together to distribute Sentek’s line of industry-leading soil moisture sensors.
Netafim will be able to provide a complete digital farming platform to North American growers as a result of the collaboration. Through NetBeatTM, Netafim’s industry-leading irrigation and fertigation management platform, this solution will fully connect automated irrigation control, fertilizers, and crop protection recommendations.
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Polaris Market Research has segmented the smart irrigation market report based on component, system type, application, and region:
Smart Irrigation, Component Outlook (Revenue – USD Million, 2018 – 2030)
- ET-Based (Evapotranspiration)
- Soil Sensor-Based
- Soil Moisture Sensors
- Temperature Sensors
- Rain/Freeze Sensors
- Fertigation Sensors
- Water Flow Meters
Smart Irrigation, System Type Outlook (Revenue – USD Million, 2018 – 2030)
Smart Irrigation, Application Outlook (Revenue – USD Million, 2018 – 2030)
- Turf & Landscape
- Golf Courses
Browse detailed report with in-depth TOC – Smart Irrigation Market
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