Smart Irrigation Market, By System Type, By Components, By Applications, By Region, Market Trend Analysis

Smart Irrigation System Market

The smart irrigation system is an IoT-based device that is capable of automating the irrigation process, unlike the traditional irrigation systems that operate on a programmed schedule and timers. Smart irrigation system controllers monitor soil, weather conditions, and evaporation, and plan the usage of water automatically to adjust the watering schedule as per the actual conditions of the site.

In addition to this, farmers and agriculturists are encouraging smart systems as they help in optimizing the use of water. The smart irrigation systems helps in examining the soil moisture levels to prepping up for changing weather conditions. The benefit of these technologies remains for long-terms, as every drop of water saved with the help of smart irrigation accounts for a significant contribution to the global water conservation.

The smart irrigation systems report provides an analysis for the period from 2016 to 2023, where 2018 to 2023 is the forecast period with 2017 as the base year. This report on smart irrigation systems covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market.

An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the smart irrigation systems market in the coming years.

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The global smart irrigation systems have been segmented on the basis of different components and end-use. On the basis of different components, the market is segmented into controllers, water flow meters, sensors, and others. The sensors segment is further segmented into soil moisture sensors, temperature sensors, rain or freeze sensors, wind sensors, and others. On the basis of the end-use, the smart irrigation systems market is segmented into agriculture and non-agriculture. Further, the agriculture segment is classified into green house and open field.

The agriculture segment is expected to hold the largest market share of smart irrigation systems in the coming years

In agriculture, crops need a comparatively high amount of water for irrigation. In recent times, droughts and population explosions in several parts of the world have put water resources under huge pressure. This has led to the development and adoption of new methods for water management and planning so as to avoid conflicts.

The market for the agricultural segment is projected to grow at a higher CAGR during the forecast period, owing to the growing demand for the quality of the food globally. Initiatives have been taken by several government bodies for water preservation. In addition to these, decreasing prices of smart controllers and sensors are also one of the reasons that is anticipated to boost the smart irrigation system market.

The sensor segment is expected to witness the fastest growth during the forecast period

Among the different types of sensors, soil sensor smart irrigation systems have witnessed increased popularity in the current years due to their growing adoption in the agriculture segment. Soil sensors are capable of interpreting precise data from various sensors, such as temperature, soil moisture, rain, and humidity sensors that are installed on the field.

In addition to this, the sensor-based systems are preferred over the weather-based systems as they do not rely on weather forecasts or on data from weather stations. Sensor-based systems help to capture data from sensors that are mounted on the field and then they transfer the data to the cloud. Sensor-based smart irrigation controllers are pre-programmed according to the level of moisture present in the soil. Therefore, the smart irrigation system starts irrigating that particular zone or field as soon as the reading reaches below the threshold level.

Europe and North America region dominated the market in 2018 and expected to display similar trend in the coming years

In terms of different regions, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa & Latin America. North America and Europe dominated the market in 2018 and are anticipated to show a similar trend in the coming years. Among the countries in North America, the U.S accounted for the majority of smart irrigation systems market share in 2018. Advancements in technology and the wide adoption of technologies over the years are major factors to result in a rise in demand for smart irrigation systems.

The Asia-Pacific region is expected to witness the fastest growth during the forecast period. China and Japan are the major countries that are generating opportunities in the smart irrigation systems market. Increasing government initiatives for conservation of water is one of the the major factors to trigger the overall market growth of smart irrigation systems in this region.

The major players operating in the global smart irrigation systems are

Telsco Industries Inc., Rain Bird Corporation, HydroPoint Data Systems, Netafim Ltd., Inc., The Toro Company, Rachio Inc., Galcon Ltd., Orbit Irrigation Products Inc., Hunter Industries Inc., and Valmont Industries, Inc.

These players have stepped up new product innovations and new product launches, in order to gain more attention from customers. Additionally, the growth of the market is attributed to geographical expansions, strategic mergers & acquisitions, and joint ventures & partnerships, in order to guarantee long-term sustenance in the smart irrigation systems market.

Netafim announced the implementation of four large community irrigation projects that extend to 100 villages across India, distributing water to 135,000 acres that is expected to impact nearly 60,000 rural farmers. These projects validate how Netafim is partnering with governments and farmers around the world to help improve the livelihoods of rural farmers with the help of its latest precision irrigation technologies and digital farming solutions.

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