Smart Irrigation Market 2018 Global Key Players: HydroPoint, Rain Bird Corporation, The Toro Company, Hunter Industries, Baseline Inc., AquaSpy, Hortau

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 smart irrigation system is largely adopted by the advanced economies in order to conserve the water and reduce the wastage. Smart irrigation system are operated , primarily, by the controllers such as weather and soil based controllers in such a way that water is supplied according pre requisite need. By this it prevents excess of water gets controlled which time, cost and energy. The implementation of the system offers the great convenience to the farmers which facilitate to suspend the water during the monsoon and provide flexibility in extreme weather conditions. Emerging economies such as India, China and other parts of South East Asia are deprived of such facilities, which, in turn, is expected to give necessary boost for the region to adopt the smart irrigation system. Increase in government initiatives to adopt the irrigation system for water and waste management and rising awareness among farmers for better irrigation facilities are expected to be major drivers of smart irrigation market over the forecast period.

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Major Key Players

• 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.

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

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.

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:

North America is expected to dominate the global smart irrigation market with the largest market share in the region. The U.S and Canada are the leading countries in the North America region. This is attributed to increase in adoption of smart water system to conserve and minimise the water wastage. Asia Pacific is expected to be the fastest growing region in smart irrigation market. Currently, India is expected to be the brightest spot due to increased investment in irrigation system and undergoing project such as Namami Ganga are expected to drive the major demand in the country. Additionally, Europe is expected to have substantial growth of the smart irrigation market owing to surging investment in research and development to evolve new techniques in the irrigation system.

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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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This release was published on openPR.