Smart Irrigation is the integration of advanced technology of sprinklers with nozzles. It is beneficial for enhancing the functioning of irrigation controllers and automatically adjust watering to optimal levels.
According to the MarkNtel Advisors' research report, "Global Smart Irrigation Market Analysis, 2021," the market is likely to grow at a CAGR of around 15% during 2021-26 due to the mounting government initiatives for water conservation and integration of advanced technologies in irrigation systems to enhance performance. Further, the development of smart cities and the rising need for an efficient irrigation system are likely to fuel the growth of the smart irrigation market during the forecast period. Besides this, rising investment for developing the agriculture sector further propels the Smart Irrigation market growth globally.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, The UK, France, Spain, Italy|
|Asia-Pacific: China, India, Japan, South Korea|
|South America: Brazil|
|Middle East & Africa: GCC, South Africa|
|Key Companies Profiled||Rain Bird Corporation, Calsense, Galcon, Weathermatic, Cultyvate, Hydropoint, Netafirm, Stevens Water Monitoring Systems, CropX, Ecozen Solutions, Water Bit, AquaSpy|
|Unit Denominations||USD Million/Billion|
Impact of COVID-19
The sudden outbreak of the COVID-19 pandemic had a dual impact on the Global Smart Irrigation Market. Due to the lockdown imposed by the government, hardware component supplies got hampered tremendously. In addition to this, it has also adversely affected the overall agriculture value chain, thereby disrupting the market growth. However, the adoption of advanced technologies witnessed significant growth amidst the spread of coronavirus, resulting in accelerating the adoption of Smart irrigation systems.