Smart Irrigation Market to Surpass USD 3095.3 Million By 2028: Reports and Data

According to the current analysis of Reports and Data, the global smart irrigation market is estimated to grow at a CAGR of 14.50% and reach USD 3095.3 Million in 2028. These systems monitor weather, soil conditions, evaporation and plant water use to automatically adjust the watering schedule to actual conditions of the site. The market is experiencing a growth trajectory primarily due to demand from farmers and agriculturalists who wish to automate the process of agriculture so that the water usage is reduced. The emergence of large institutional farms and the popularity of irrigating landscaped gardens are some other significant factors driving the growth of this industry

Traditional watering methods can waste as much as 50% of the water used due to inefficiencies in irrigation, evaporation, and overwatering. Moreover, they operate on a timer and do not respond to weather conditions or the amount of water necessary for a plant. These factors have augmented the need for smart irrigation, which uses sensors for real-time or historical data to inform watering routines and modifies watering schedules to improve efficiency. However, the lack of technical knowledge and the high initial cost of controllers and sensors of smart irrigation systems are likely to hinder the growth of the market. Most farmers in developing countries are illiterate and deficient in the skills required to operate these systems.

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Europe accounted for 33% of the market in 2019 and is projected to grow significantly in the forecast period. As the water quantity and scarcity concerns have arisen in a tragic way, the usage of efficient water management is now becoming a momentous topic in Europe. According to the EU Common Agricultural Policy (CAP), the member states are required to achieve the full cost of recovery of water services via water pricing, considering the environmental and resource water cost. The integration of smart technologies in irrigation systems can help the agriculture industry in overcoming the shortcomings of traditional farming practices.

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Further key findings from the report suggest

• Sensors accounted for 25.1% of the market in 2019. There are many types of sensors ranging from soil moisture sensors, rain/freeze sensors, wind sensors, soil ph sensors, amongst others. These sensors sense the change in the surrounding variables that they are programmed for, and adjust the irrigation systems, accordingly, thereby preventing.
• On-site weather measurement controllers are a class of precision weather stations equipped with sensors that measure air temperature, relative humidity, solar radiation, rainfall, and wind speed. They are directly connected to a controller or to an associated computer, which regulates the amount of water that can be used on the field. The data obtained is highly accurate and can be transmitted regularly from a precision weather station that is located in the same location as the irrigation site.
• Soil Moisture Controller helps the farmers to monitor the moisture content of the soil and expected to have a CAGR of 17% in 2026. These sensors are buried in the root zone of turfs, trees or shrubs, and accurately determine the moisture level in the soil after which the reading is transmitted to the controller.
• Europe is projected to grow significantly in the forecast period. Increasing government support and investment is likely to boost the market growth. As part of the European Union (EU), the EU funded company named Figaro developed a smart agriculture DSS (Decision Supporting System) which allows the farmers to benefit from innovative development in irrigation technology. This platform sends a customized seven-day scheduling plan for irrigation and fertigation (the process of applying fertilizers through the irrigation system).
• The major key players in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic (U.S.). Netafim Limited is an Israel-based company that manufactures irrigation equipment and provides digital farming services. The company has a presence across 110 countries. It has 29 subsidiaries and 17 manufacturing plants and around 4,500 employees worldwide. The company provides drippers and drip lines, sprinklers, micro-sprinklers and special emitters, filters, valves, flexible, and PE pipes, connectors and a smart irrigation digital platform.

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For the purpose of this report, Reports and Data has segmented the Smart irrigation Market on the basis of type, component, application and region:

Type (Revenue, USD Million; 2018-2028)

• Climate Based Controller System
• Soil Moisture Controller System

Component (Revenue, USD Million; 2018-2028)

• Sensors
• Controllers
• Water Flow Meters
• Software
• Other Components

Application (Revenue, USD Million; 2018-2028)

• Agricultural fields
• Landscape and Turf Irrigation
• Greenhouse
• Residential
• Others

Regional Outlook (Revenue in USD Million; 2018-2028)

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Rest of the World
o Middle East & Africa
o Latin America

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