Smart Irrigation Market Size to Reach USD 5.57 Billion by 2030 at a CAGR of 13.9% | Valuates Reports

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Sep 02, 2021, 13:00 ET

BANGALORE, India, Sept. 2, 2021 /PRNewswire/ -- The Smart Irrigation Marke t is Segmented by Type (Climate Based and Sensor Based) Component (Controllers, Sensors, Meters, and Others), and End Use (Agriculture, Golf Course, Residential, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. It is published in Valuates Reports under Energy & Utilities Category.

The global smart irrigation market size was valued at USD 1.44 Billion in 2020, and is projected to reach USD 5.57 Billion by 2030, growing at a CAGR of 13.9% from 2021 to 2030.

Major factors driving the growth of smart irrigation market:

The growth of the smart irrigation systems market is fueled by the availability of advanced features in irrigation systems, an increase in government initiatives and policies to promote water conservation and farming, and a rise in the penetration of automated monitoring systems in the farming sector.

The rise in adoption of smart technologies and smart infrastructures among regions, as well as the surge in demand for 5G network for remote monitoring, are projected to provide profitable prospects for the worldwide smart irrigation market expansion.

The increasing awareness of the need for smart irrigation, as well as the increased requirement for water conservation, are driving the global smart irrigation market.

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TRENDS INFLUENCING THE SMART IRRIGATION MARKET

Increased need for smart irrigation in agriculture, golf courses, residential areas, and other businesses are expected to drive the smart irrigation market growth. Smart irrigation systems that employ IoT technology to autonomously irrigate water based on the moisture level in the soil and keep track of the land condition help with water level sensing.

Smart cities are becoming more popular in many countries throughout the world. These smart cities make use of smart systems in commercial as well as residential places. The adoption of smart irrigation controllers is expected to increase in smart cities. As a result, the rise of smart cities is likely to create possibilities for smart irrigation controller market players.

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SMART IRRIGATION MARKET SHARE ANALYSIS

Based on type, Sensor Based segment will grow at a highest CAGR of 14.9% during 2021 - 2030. Based on application, the Agriculture Segment holds a dominant position throughout the forecast period. Based on Component, Sensors segment is projected as one of the most lucrative segments. Based on region, Asia-Pacific would exhibit the highest CAGR of 17.3% during 2020-2030.

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SMART IRRIGATION MARKET SEGMENTATION

By Type

Climate-based
Sensor-based.

By Component

Controllers
Sensors
Meters
Others.

By End Use

Agriculture
Golf Course
Residential
Others.

Key Companies

Rain Bird Corporation,
The Toro Company,
Hunter Industries,
CALSENSE,
ET Water Systems, Inc.,
HydroPoint Data Systems,
Weathermatic,
Rachio inc.,
Stevens Water Monitoring System,
Orbit Irrigation Products Inc.

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By Region

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Singapore
Rest of Asia-Pacific

LAMEA

Latin America
Middle East
Africa.

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SIMILAR REPORTS

- Weather-based Irrigation Controllers Market is segmented by Type Smart Controllers, Tap Timers, Basic Controllers, by Application Open Field, Sports Ground/Golf Course, Residential and by various regions.

- Smart Irrigation Controllers market size was USD 391.4 Million and it is expected to reach USD 947.7 Million by the end of 2027, with a CAGR of 13.5% during 2021-2027.

- Smart Irrigation Software Market is segmented by Type Cloud Based, Web Based, by Application Farmland & Farms, Agricultural Cooperatives and by various regions.

- Smart Irrigation Sprinkler Controllers Market is segmented by Type Weather-Based Controllers, Sensor-Based Controllers, by Application Farms, Greenhouses, Orchard, Sports Grounds, Turfs & Landscapes, Golf and by various regions.

- Non-Agriculture Smart Irrigation Controller market size was USD 212 Million and it is expected to reach USD 532 Million by the end of 2027, with a CAGR of 14.0% during 2021-2027.

- Smart Sprinkler Irrigation Systems market size is projected to reach USD 600.1 Million by 2027, from USD 253.5 Million in 2020, at a CAGR of 13.1% during 2022-2027.

- Agricultural Machinery market size is projected to reach USD 213610 Million by 2026, from USD 152660 Million in 2019, at a CAGR of 4.9% during 2021-2026.

- Digital Farming market size is projected to reach USD 9655.7 Million by 2027, from USD 3437.2 Million in 2020, at a CAGR of 15.9% during 2021-2027.

- Smart Agriculture Market size was valued at USD 16,746.7 Million in 2019, and is estimated to reach USD 29,234.6 Million by 2027 with a CAGR of 9.7% from 2021 to 2027.

- Open Field Smart Irrigation Systems Market is segmented by Type Irrigation Controller, Flow Meters, Sensors, by Application Greenhouse, Turf and Landscape, Golf Courses and by various regions.

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