Smart Irrigation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Smart Irrigation Market: Overview
The amount of agricultural output is expected to grow till 2030, says a report by the Food and Agriculture Organization. With a projected growth of 1.4% in the aggregate crop production worldwide, the demand for supplies and solutions from industries working in the periphery of the agricultural sector is expected to rise. However, this does not necessarily mean that land under cultivation will rise dramatically. If anything, the agriculture industry will have to find ways to optimize productivity from a given piece of land as the urban sprawl occurs at the cost of arable land.
This lays a solid foundation for the growth of the smart irrigation market. Companies in the market are helping farmers maximize yields through judicious usage of water. Smart irrigation is a relatively new concept in the agriculture sector. It entails the controlled use of water by scheduling the irrigation cycle at specific times of the day by using sensors and water flow controllers. By automating the run times of the irrigation system, it is possible to not only curb the amount of water used on a field, but also make sure that plants receive precise levels of water.
There are many benefits that farmers can expect when they invest in a smart irrigation system. Some of these include automatic shutoff of the irrigation system when it is raining, increase in the amount of water supplied when temperatures soar beyond a specified limit, and considerable savings in the amount of water used for irrigation.
In order to achieve these functions, a myriad of sensors are used in smart irrigation systems. These include soil moisture sensors, ambient humidity sensors, and temperature sensors. Flow meters and other network elements are the other important components in the market.
Global Smart Irrigation Market: Drivers and Trends
The global smart irrigation market features advanced systems that can be integrated with weather data systems to anticipate the amount of water required on a field over a particular period. This advantage of smart irrigation systems will aid the market’s growth during the forecast period. The market can be broadly segmented on the basis of smart irrigation hardware, sensors, and network components.
It is expected that the valuation of the global smart irrigation market by hardware will surpass US$ 1 Bn by the end of 2024. Much of the growth reported by the market will occur as a result of heightened awareness regarding water conservation. Moreover, the agricultural community worldwide is taking issues such as resource wastage and per-hectare productivity seriously. This has led to greater willingness among farmers to adopt technologies that can help them meet this end.
Demand for sensors is expected to remain the highest in the global smart irrigation market by hardware and components. The other reason for increasing sales of sensors for smart irrigation is that they help farmers identify the levels of various nutrients in the soil. Issues such as water logging can also be efficiently and swiftly identified with the use of sensors.
While the use of smart irrigation is seen in non-agricultural applications such as on golf courses, for landscaping and turf development, and in the residential sector, it is the agriculture application segment that will exhibit the highest demand for smart irrigation systems.
Global Smart Irrigation Market: Region-wise Outlook
Demand for smart irrigation has been rising consistently in North America. This is attributable to the emphasis of governments in the U.S. and Canada on the planned use of natural resources and greater awareness about environmental issues. With subsidies and rebates available to those implementing optimal resource utilization techniques, the adoption of systems such as smart irrigation is projected to rise in the region. Companies offering smart irrigation hardware and network components in line with these developments include The Toro Company, Rachio Inc., Baseline Inc., Rain Bird Corporation, and Calsense.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from ICT
TechnologyHigh-Performance Computing-Thematic Research