The rising demand for several systems such as sprinklers drip irrigation systems, and smart detection devices to enhance the overall water efficiency of irrigation systems. Such factors are anticipated to fuel the growth of the Smart Irrigation Market.
JERSEY CITY, NJ, April 11, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Smart Irrigation MarketBy Component (Controllers, Sensors, Water Flow Meters), By Application (Agricultural, Non-Agricultural), By System (Weather Based Controller, Sensor Based Controller), and By Geography. According to Verified Market Research, the Global Smart Irrigation Market size was valued at USD 0.9 Billion in 2020 and is projected to reach USD 2.8 Billion by 2028, growing at a CAGR of 14.02% from 2021 to 2028.
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Browse in-depth TOC on “Smart Irrigation Market”
202 – Pages
126 – Tables
37 – Figures
Global Smart Irrigation Market Overview
There are many advantages correlated with the use of smart irrigation such as the saving of time as well as money and for the meeting of specific landscape needs through the optimization of water levels. The rising demand for several systems such as sprinklers drip irrigation systems, and smart detection devices to enhance the overall water efficiency of irrigation systems. Such factors are anticipated to fuel the growth of the market over the forecast period. However, factors such as the cost of the smart irrigation system as well as the potential of error in the systems are restraining the growth of the Smart Irrigation Market.
Moreover, technological advancement such as the integration of smartphones with irrigation systems is likely to provide lucrative opportunities for the market to grow. Currently, smart irrigation technology is expensive, which makes it unaffordable for smaller farmers in developed regions and most farmers in emerging mature. Access to the latest technology is restricted to big and industrialized farms owing to high technology costs. Currently, the benefits of information and communications technology are limited to advanced countries with a focus on the production of well-known and widely grown crops, such as wheat, maize, and rice.
- In May 2021, The Toro Company (US) acquired Left Hand Robotics, Inc. The acquisition supports The Toro Company’s strategy of leadership in next-generation technologies, including alternative power, smart connected, and autonomous products.
- In March 2020Netafim (Israel) cooperated with FluroSatAustralia) to integrate FluroSat’s remote sensing technology into its digital irrigation management platform Netbeat.
- In June 2019Rain Bird (US) partnered with Living Turf (Australia) as a primary distributor for the full range of Rain Bird Gold Irrigation products across Australia. This partnership will enable Rain Bird to expand in Australia.
The major players in the market are Toro Company, ET Water, Galcon, Rain Machine, Banyan Water, Rachio, Hydro Point, Rain Bird Corporation, Hunter Industries, Netafim.
Verified Market Research has segmented the Global Smart Irrigation Market on the basis of Component, Application, System, and Geography.
- Smart Irrigation Market, By Component
- Water Flow Meters
- Smart Irrigation Market, By Application
- Smart Irrigation Market, By System
- Weather Based Controller
- Sensor Based Controller
- Smart Irrigation Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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Microirrigation Systems Market By Type (Micro sprinkler, Drip), By Crop (Field Crops, Plantation Crops), By End-Users (Farmers, Industrial Users), By Component (Filters, Drip Emitter, Micro Spray), By Geography, Forecast, 2021-2028
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