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Smart Irrigation Market - Global Industry Analysis

Smart Irrigation Market by Component (Controllers, Sensors, Water Flow Meters and Others), by System Type Weather-based and Sensor-based), by Application (Agricultural and Non-Agricultural): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 15-Jul-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 130 Report Code: ZMR-1050 Status : Published

The global smart irrigation market accounted for USD 972.6 Million in 2020 and is expected to reach USD 2908.8 Million by 2028, growing at a CAGR of 14.7% from 2021 to 2028.

Description

Market Overview

The global smart irrigation market accounted for USD 972.6 Million in 2020 and is expected to reach USD 2908.8 Million by 2028, growing at a CAGR of 14.7% from 2021 to 2028.

Smart irrigation is the process of combining irrigation with technology. As compared to standard automatic system timers, which irrigate on a user-determined set schedule, smart irrigation controllers and sensors have been created to reduce outdoor water use by irrigating based on plant water need. These controllers collect local weather data and change irrigation run-time accordingly, ensuring that the landscape receives the proper amount of water.

One of the primary aspects driving the global smart irrigation market is concerns about issues such as per-hectare productivity and resource wastage. One of the upcoming trends in the market is the increasing integration of modern technologies such as wireless sensors, AI with irrigation sprinklers and dripping systems, solar-powered batteries, and others. Nowadays smart irrigation even provide data analytics, thereby providing farmers with data they could not earlier access. Such data can enable the farmers better understand the water requirements and optimizing production by minimizing waste.

COVID-19 Impact Analysis

The Covid-19 pandemic has caused supply chain disruptions across farm ecosystems, including the smart irrigation market. Hardware equipment supply has been hampered, affecting businesses across the agriculture value chain. It has also caused a shortage of labour due to reliance on seasonal or temporary migrants, as well as a lack of access to irrigation equipment and other inputs. Furthermore, farmers’ sales have suffered as a result of their limited market access.

Growth Factors

With a rising trend of smart cities around the world, the market is expected to grow as adoption of smart irrigation controllers is high in such cities. With a number of regions around the world experiencing severe weather, smart irrigation systems can be extremely efficient. Smart irrigation systems with soil and weather sensors can result in efficient results as compared to traditional irrigation systems.

Moreover, the sensor network is a vital component of the smart irrigation system as it helps monitor a variety of parameters including pH, soil moisture, rain, temperature, water flow and also enables farmers recognize a number of different nutrients in the soil which can benefit them greatly. Such factors are also expected to boost the market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Component Segment Analysis Preview

Controllers segment held a share of around 26.2% in 2020. This can be attributable to the rising technological advancements in developing these controllers. Moreover, large commercial farms' adoption of these controllers has resulted in high demand, and advances in the field of IoT in agriculture have led to the automation of the controllers to a large extent.

Application Segment Analysis Preview

Agriculture segment will grow at a CAGR of over 13% from 2021 to 2028. This can be attributable to precision irrigation being increasingly resorted to, to offer optimum inputs owing to rising concerns about feeding a growing population and an emphasis on sustainable development. Furthermore, a growing labour shortage fueled by Covid-19 has heightened the demand for smart irrigation systems to reduce reliance on human labour.

Regional Analysis Preview

The North American region held a share of 29% in 2020. This is attributable to the presence of top companies such as The Toro Company, Hunter Industries, Rain Bird Corporation and HydroPoint among others. Moreover, the increasing usage of smart irrigation systems and IoT devices such as sensors, controllers and water flow meters by farmers in this region is expected to generate huge demand for the market in this region.

The Asia Pacific region is projected to grow at a CAGR of 14.2% over the forecast period. One of the major driving factor is the increasing investment in agricultural technology in countries such as China, India and Australia. Moreover, strong government backing, increased crop yield, and less water waste employing smart irrigation systems are some other factors expected to boost the growth in this region.

Key Market Players & Competitive Landscape

Some of key players in automated sortation system market are Rain Bird Corporation, The Toro Company, Hunter Industries, Netafim, HydroPoint Data Systems, Inc., Baseline Inc., CALSENSE, Rachio Inc., California Sensor Corporation, Banyan Water and Weathermatic among others. 

Major players in the market are developing innovative strategies to make smart irrigation more feasible. Additionally, they are also introducing a new ranges of smart-irrigation systems in underdeveloped areas. These areas have large areas of agricultural land, and the smart-irrigation system aids in the management of ice and other unfavourable weather conditions. For instance, the Rain Bird Corporation is launching a new innovative smart-irrigation system with advanced tools. The features of this product include water management tools and easy diagnostic features.

The global smart irrigation market is segmented as follows:

By Component

  • Controllers
  • Sensors
  • Water Flow Meters
  • Others

By System Type

  • Weather-based
  • Sensor-based

By Application

  • Agricultural
  • Non-Agricultural

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Component
        • 2.1.1.2. Market Attractiveness Analysis, By System Type
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Irrigation Market Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Smart Irrigation Market Market – Component Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
  • Chapter No. 5 Smart Irrigation Market Market – System Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By System Type, 2020 & 2028
  • Chapter No. 6 Smart Irrigation Market Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
  • Chapter No. 7 Smart Irrigation Market Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Component, 2016 – 2028
      • 7.2.3. North America Market Revenue, By System Type, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Component, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By System Type, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Component, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By System Type, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Component, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By System Type, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Component, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By System Type, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Component, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By System Type, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Component, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By System Type, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Component, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By System Type, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Component, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By System Type, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Component, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By System Type, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Component, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By System Type, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By System Type, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Component, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By System Type, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Component, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By System Type, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Component, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By System Type, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Component, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By System Type, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Component, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By System Type, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By System Type, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Component, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By System Type, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Component, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By System Type, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Component, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By System Type, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Component, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By System Type, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By System Type, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Component, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By System Type, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By System Type, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By System Type, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Smart Irrigation Market Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Smart Irrigation Market Market: Company Market Share, 2019
      • 9.1.2. Global Smart Irrigation Market Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Smart Irrigation Market Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Smart Irrigation Market Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Rain Bird Corporation
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. The Toro Company
    • 10.3. Hunter Industries
    • 10.4. Netafim
    • 10.5. HydroPoint Data Systems
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The global smart irrigation market was valued at USD 972.6 Million in 2020.

The global smart irrigation market is expected to reach USD 2908.8 Million by 2028, growing at a CAGR of 14.7% between 2021 to 2028.

Some of the key factors driving the global smart irrigation market growth are issues such as per-hectare productivity, resource wastage, labor shortage and rise of smart cities.

North America region held a substantial share of the smart irrigation market in 2020. This is attributable to the presence of major players such The Toro Company, Hunter Industries, Rain Bird Corporation and HydroPoint among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for smart irrigation in developing economies such as China and India.

Some of the major companies operating in the smart irrigation market are Rain Bird Corporation, The Toro Company, Hunter Industries, Netafim, HydroPoint Data Systems, Inc., Baseline Inc., CALSENSE, Rachio Inc., California Sensor Corporation, Banyan Water and Weathermatic among others.

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