Smart Irrigation Market Competitiveness Assessment: Benchmarking Against Key Competitors

The global smart irrigation market was valued at US$ 1.17 billion in 2021 and is projected to reach US$ 5.1 billion by 2030, with a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.

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The growth of the smart irrigation market is primarily driven by the increasing awareness of advanced features in irrigation systems. With the need to optimize water usage and improve agricultural practices, farmers and governments are adopting smart irrigation solutions. Government initiatives aimed at water conservation and promoting efficient farming activities further contribute to market growth.

The rise of smart cities is also a significant factor fueling the market. As urbanization increases and forest areas deplete, the demand for smart irrigation facilities grows. Conventional irrigation methods often suffer from flaws such as over-watering, leading to water wastage. Smart irrigation systems address these issues, driving their demand in the market.

The COVID-19 pandemic had a negative impact on the smart irrigation market, primarily due to disruptions in manufacturing activities and reduced investments. However, the pandemic also presented opportunities for market players, as the demand for food increased, leading to a focus on technology for farming operations. Additionally, the shortage of labor during the pandemic highlighted the need for smart practices, and remote access solutions gained significance with increased government investments.

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North America is expected to emerge as the largest market for smart irrigation, driven by its strong agriculture industry and early adoption of smart technology. The Asia-Pacific region is also experiencing steady growth in the smart irrigation market, particularly in countries like India and China. The adoption of IoT-based irrigation practices and the increasing use of smartphones contribute to the region's market growth. Moreover, the excessive water consumption in agriculture, leading to groundwater depletion, drives the demand for smart irrigation systems in Asia-Pacific.

Key competitors in the smart irrigation market include Rain Bird Corporation, Hunter Industries, Galcon, Rachio, Weathermatic, The Toro Company, Soil Scout, Caipos, Netafim, Hydropoint, Manna Irrigation, Stevens Water Monitoring, Delta-T Devices, Calsense, Skydrop, Aquaspy, and other prominent players.

The market segmentation of the global smart irrigation market focuses on components (controllers, sensors including soil moisture, temperature, rain/freeze, fertigation sensors, etc., water flow meters, and others), system types (weather-based and sensor-based), applications (agricultural including greenhouses and open-fields, and non-agricultural including residential, turf & landscape, golf courses, and others), and regions. The regional outlook covers North America (including the U.S., Canada, and Mexico), Europe (including Western Europe and Eastern Europe), Asia Pacific (including China, India, Japan, Australia & New Zealand, ASEAN countries, and the rest of Asia Pacific), the Middle East & Africa (including the UAE, Saudi Arabia, South Africa, and the rest of MEA), and South America (including Brazil, Argentina, and the rest of South America).

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