Market Overview
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 50% |
| 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.
Market Segmentation
Weather-Based Controllers Accounted for the Largest Market Share
Based on the Component, the market bifurcates into Climate based Controllers, Soil moisture Sensor controllers, Weather-based controllers, Sensor-based controllers, Rain/freeze sensors, Wind sensors, and Flow sensors. Among these segments, Weather-based Controllers acquired the largest share in the Global Smart Irrigation market in the previous year.
They gained popularity mostly among commercial building contractors and golf course managers. Further, due to the rapid development of the non-residential segment, the demand for weather-based controllers increased significantly. In addition to this, surging demand for food production and automatic scheduling of irrigation have further encouraged the Smart irrigation market growth, says the MarkNtel Advisors in their research report, "Global Smart Irrigation Market Analysis, 2021."
Agriculture Segment Attained the Highest Market Share
Based on the End-User, the market segments into Residential Lawns/Gardens, Agricultural Lands, Golf courses, and Sports Stadiums. Among these segments, Agriculture accounted for the largest share in the Global Smart Irrigation Market in the previous year due to the increasing requirement of the high amount of water in the agricultural field for enhancing the yield. Further, increasing construction activities and climatic changes resulting in droughts have put water resources under massive pressure, thereby increasing the demand for an excellent water management system and further driving the growth of the smart irrigation market.
Regional Landscape
North America Dominated the Market
Geographically, North America held the largest share in the Global Smart Irrigation Market in the previous year due to the rising adoption of Smart irrigation technologies in the region. Besides, the easy availability of advanced irrigation devices, including controllers, flow meters, and sensors, further aid the growth of the market in the region. Moreover, the United States has the highest number of Smart irrigation systems installed at farms and golf courses, thereby propelling the Smart irrigation market growth in North America.
Market Driver
Soaring Smart Cities Proliferate the Market Growth
The rising trend of developing smart cities across the world results in surging installation of Smart irrigation systems as smart cities use Smart Systems both in residential and commercial sectors. Hence, the growth of smart cities is likely to create growth opportunities for the smart irrigation market.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global Smart Irrigation market are Rain Bird Corporation, Calsense, Galcon, Weathermatic, Cultyvate, Hydropoint, Netafirm, Stevens Water Monitoring Systems, CropX, Ecozen Solutions, Water Bit, and AquaSpy.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.
A. The measuring units of market size/industry size or the market value are USD Million.
A. The Global Smart Irrigation Market is forecast to grow at a CAGR of 15% during 2021-26.
A. Rain Bird Corporation, Calsense, Galcon, Weathermatic, Cultivate, Hydropoint, Netafirm, Stevens Water Monitoring Systems, CropX, Ecozen Solutions, Water Bit, and AquaSpy are a few leading players in the Global Smart Irrigation Market.
A. The Weather-based Controllers segment is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. North America continues to grow at the highest CAGR during 2021-26, presenting immense opportunities to market players of the Global Smart Irrigation Market.
