Dublin, July 02, 2024 (GLOBE NEWSWIRE) -- The "Global Smart Irrigation Market by Component (Controllers, Sensors, Water Flow Meters), System Type (Weather-based Systems, Sensor-based Systems), Applications (Agriculture, Non-Agriculture) and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The smart irrigation market is projected to reach USD 3 billion by 2029 from USD 1.8 billion in 2024, at a CAGR of 11.2% from 2024 to 2029
The report segments the smart irrigation market and forecasts its size based on systems type, component, application, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
The major factors driving the growth of smart irrigation market include the increasing number of sensor nodes and increasing implementation of government initiatives towards water conservation. Moreover, continuous technological advancements in smart irrigation systems is expected to provide several growth opportunities for market players in the smart irrigation market.
The major players of the smart irrigation market are The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), and HydroPoint (US) among others.
Controllers is expected to witness the largest market size in the smart irrigation market during the forecast period.
The smart irrigation market for controllers is expected to hold the largest market size due to the increasing adoption of this technology for irrigation scheduling in agriculture, residential and commercial properties, lawns, gardens, and landscaping. Smart controllers utilize weather and sensor data to automatically adjust irrigation schedules based on environmental changes such as temperature, humidity, and soil moisture. They offer features like multiple programs for different plant watering needs, rain delay settings, sensor input terminals for rain/freeze and soil moisture, and remote operation.
Sensor-based controller system type is expected to witness the highest CAGR during the forecast period.
The smart irrigation market for sensor-based controller system type is expected to witness the highest CAGR during the forecast period. This growth is driven by the increasing adoption of sensor-based controller systems in agricultural irrigation to save water and boost crop yield. Sensor-based controller systems can interpret precise data from various sensors, such as temperature, soil moisture, rain, and humidity sensors installed in the field.
They are preferred over weather-based systems because they do not rely on weather forecasts or data from weather stations but capture real-time data from field-mounted sensors and transfer it to the cloud. Sensor-based smart irrigation controllers are pre-programmed according to the soil moisture level, initiating irrigation as soon as the moisture reading falls below the threshold. These controller systems are more effective than weather-based systems as they can respond to specific zone irrigation requirements based on actual soil moisture levels.
Europe is expected to have the second-largest market size during the forecast period.
Europe is expected to have the second-largest market size during the forecast period. This is attributed to its extensive cultivated and irrigated land areas. Various European governments have launched initiatives to promote the adoption of smart irrigation, such as the European Irrigation Association (EIA) and the Flexible and Precise Irrigation Platform to Improve Farm Scale Water Productivity (FIGARO). Key drivers for the smart irrigation market in this region include rising farming operation costs, increased government initiatives to promote water conservation, and the growing importance of automated irrigation solutions to boost farm profitability.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 208 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $1.8 Billion |
| Forecasted Market Value (USD) by 2029 | $3 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
Premium Insights
- Deployment of IoT Sensors and Nodes with Multiple Control Functionalities in Agricultural Farms to Drive Market
- Controllers to Account for Largest Market Share Throughout Forecast Period
- Weather-based Smart Irrigation Systems to Capture Majority of Market Share in 2029
- Agricultural Applications to Account for Larger Market Share in 2029
- Controllers and US to Hold Largest Shares of North American Smart Irrigation Market in 2024
Case Studies
- Valley Irrigation Offered Mcclure Farms with Center Pivots and Smart Water Management Solution to Meet Requirement for Additional Water During Crop Growing Season
- Banyan Water Deployed Irrigation Insight Solution in Hp Palo Alto Campus to Maximize Water Savings
- Hydropoint Installed Weathertrak Solution in Leed Platinum Research Campus to Make IT More Water-Efficient
- Toro Offered Smart Irrigation Systems to Sentosa Golf Club to Promote Healthy Landscape
Market Dynamics
Drivers
- Government Initiatives to Promote Water Conservation
- Growing Deployment of IoT Sensors and Nodes with Multiple Control Functionalities in Agricultural Farms
Restraints
- Connectivity Issues in Rural Areas
- Interoperability Issues due to Lack of Standardization in Communication Interfaces and Protocols
Opportunities
- Declining Costs of Smart Irrigation Components
- Constant Advances in Irrigation Technologies and Farming Practices
Challenges
- Lack of Training and Education
- Security Issues Associated with Smart Irrigation Systems
Supply Chain Analysis
- Smart Irrigation Market Ecosystem
- Investment and Funding Scenario
- Trends/Disruptions Impacting Customer Business
Technology Analysis
- Internet of Things
- Artificial Intelligence
- Machine Learning
- Digital Image Processing
- Remote Sensing
- Precision Agriculture
Company Profiles
Key Players
- The Toro Company
- Rain Bird Corporation
- Netafim
- Hunter Industries Inc.
- Hydropoint
- Manna Irrigation Ltd.
- Stevens Water Monitoring Systems Inc.
- Galcon
- Rachio Inc.
- Weathermatic
Other Players
- Irrigreen
- Banyan Water, Inc.
- Delta-T Devices Ltd
- Calsense
- Aquaspy
- Soil Scout Oy.
- Acclima, Inc.
- Rainmachine - Green Electronics LLC
- Wiseconn Engineering
- Valmont Industries, Inc.
- Groguru
- Orbit
- Hortau
- Mottech
- Cyber-Rain
For more information about this report visit https://www.researchandmarkets.com/r/7so2cj
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