Smart Irrigation Market Analysis by Global Key Vendors: HydroPoint,Rain Bird Corporation, Toro Company, Hunter Industries, Baseline, AquaSpy, Hortau and Libelium

Market Highlights:

Smart irrigation refers to the use of landscape irrigation controllers and devices which reduce water use by monitoring and using real time information about the site conditions as a basis for irrigation scheduling. Smart irrigation is basically intelligent use of water. As the population grows, limited water sources strain to keep up with demand. Apart from it the cost of water and the power to move it is rising annually therefore there is a desperate need for smart irrigation.

The study reveals that the traditional systems have many drawbacks, they supply two or three times the amount of water actually required for the landscape. The latest innovation in irrigation is the smart sprinkler controller, a device that gives your plants the right amount of water for the time of year, climate and weather.
Water conservation has become a global initiative in the past decade. Every industry in the economic sector has been contributing towards this cause. As this objective gets acclaimed on a global level it also creates platforms for the smaller markets to build themselves. The growth that the global market for smart irrigation has observed can be distinguished as an outcome of this cause. During the forecast period of 2017-2022, this market is expected to soar above expectations and achieve enormous expansion.

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Industry News

January 23, 2018 – WaterBit a well-known player of this field recently declared its alliance with AT&T. Both of these giants joined hands in the month of January this year and the main aim of this partnership is to provide smart irrigation to the farmers. The market has set eyes on this development and experts believe that a lot of profit would come out of this partnership.

Major Key Players
The prominent players in the Smart irrigation Market are - HydroPoint (U.S.), Rain Bird Corporation (U.S.), The Toro Company (U.S.), Hunter Industries (U.S.), Baseline Inc. (U.S.) AquaSpy (U.S.), Hortau (U.S.), Libelium (Spain), Aquacell Systems (Australia) among others.

The global Smart irrigation market is expected to grow at USD ~1561 Million by 2022, at ~17% of CAGR between 2016 and 2022.

Market Segmentation
The worldwide market for smart irrigation has been segmented into three main parts. Each of these has a sub-division respectively and they have been mentioned below:
Application – Non-agriculture and agriculture. On the basis of application, the non-agriculture market takes the lead and holds the largest market share.
By components – Smart detection system/network elements, sensors and water/flow meter. On account of components, sensors govern the market and account for the largest share of the market. The main reason for this is that sensors help in improving productivity and viability of the soil as well the crop.
By types – Soil moisture-based irrigation systems and weather-based irrigation systems. Weather-based irrigation systems have an edge over the others.

Regional Analysis:
The regional analysis of Smart irrigation market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. North America region is expected to dominate in the Smart irrigation market by the forecast period owing to the increasing concern for water conservation and to minimize the wastage of resources by the governments in North America. The study reveals that government initiatives towards smart irrigation in North America region are driving the smart irrigation market in this region. Asia-Pacific countries like China, Japan, India and Korea are expected to show a sudden hike in the smart irrigation market. The study reveals that Asia-Pacific region would evolve as the fastest growing region in the smart irrigation market.

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Intended Audience:
• Technology developers
• Irrigation consultants
• Sensor manufacturers
• Irrigation contractors
• Water purveyors
• Irrigation designers
• Government Organizations
• Research/Consultancy firms
• Water Management Committee
• End users

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