Market Segmentation

• Application – Agricultural and Non-Agricultural
• Component – Controller, Sensor, Water Flow Meter, and Others
• System – Weather-Based Controller System and Sensor-Based Controller System
• Business Model – Irrigation-as-a-Product and Irrigation-as-a-Service

Regional Segmentation

• North America – U.S., Canada, and Mexico
• South America – Argentina, Brazil, Peru, and Rest-of-South America
• Europe – Germany, France, Italy, Netherlands, Spain, Denmark, and Rest-of-Europe
• U.K.
• Middle East and Africa – Israel and Rest-of-Middle East and Africa
• China
• Asia-Pacific – India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific

Market Growth Drivers

• Increased Government Initiatives to Promote Water Conservation
• Increased Mechanization and Automation in Agriculture Industry
• Decreasing Cost of Components

Market Challenges

• High Initial Infrastructure Cost
• Lack of Technical Knowledge and Skills

Market Opportunities

• Growth in 5G Network for Remote Monitoring
• Growing Adoption of Modern Technologies across Different Regions
• Expansion of Augmented Reality Applications across Farming Operations

Key Companies Profiled

Banyan Water, Inc., CALSENSE, Galcon, Hunter Industries, HydroPoint, Jain Irrigation Systems Ltd., Netafim, Orbit Irrigation Products LLC, Rachio inc., Rain Bird Corporation, RainMachine – Green Electronics LLC, Scotts Irrigation & Landscaping, Skydrop, Stevens Water Monitoring System Inc., The Toro Company

How This Report Can Add Value

This extensive report can help with:

• The report covers product, application, and regional market estimations for the smart irrigation market.
• Extensive competitive benchmarking of the top 15 players has been done to offer a holistic view of the global smart irrigation market landscape.

Recent Developments in Global Smart Irrigation Market

• In December 2021, Netafim launched flexi sprinkler kits – a field crops sprinkler irrigation system. The company aims to cover 15,000 hectares and reach 15,000 farmers across the country by 2022 with the flexi sprinkler kit.
• In September 2021, Orbit Irrigation Systems LLC announced a major application feature that helps address drought conditions in a geographic area by monitoring use, need and weather patterns. B-hyve launched this feature to provide their customers with a better way to manage water usage during drought conditions.
• In November 2019, Stevens Water Monitoring System Inc. has partnered with these research stations to evaluate the water use efficiency of the watermelon through advanced sensor-based, sub-surface drip irrigation technology.
• In April 2019, The Toro Company signed a partnership with Hazeltine National Golf Club for an 11-year equipment and tournament support agreement.

Key Questions Answered in the Report

• What is the estimated global smart irrigation market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market about the smart irrigation market?
• What are the major restraints inhibiting the growth of the global smart irrigation market?
• What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
• What is the competitive strength of the key players in the smart irrigation market based on the analysis of their recent developments, product offerings, and regional presence?
• What is the competitive benchmarking of the key smart irrigation companies in the agriculture market based on the analysis of their market coverage and market potential?
• What is the market share analysis in each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
o Product, including component (controller, sensor, water flow meter, and others), by system (weather-based controller system and sensor-based controller system), and by business model (irrigation-as-a-product and irrigation-as-a-service)
o Application, including (agricultural and non-agricultural), by agricultural (open field and plant factory), by non-agricultural (residential, golf course and sports grounds, and turf and landscape)
o Region, including North America, the U.K., Europe, Asia-Pacific, China, Middle East and Africa, and South America
• What is the type of players operating in the market ecosystem of smart irrigation, and what is their significance in the global market?

Smart Irrigation

Irrigation, often known as watering, is the agricultural practice of applying controlled measures of water to land to aid in the growth of crops, as well as to produce landscaping plants and lawns.

Smart irrigation process helps in automating the irrigation procedure and reducing the water use which ultimately reduces the irrigation cost, gives better understanding of the soil and crop moisture content, timely notifications of the abnormalities in soil, good long- term health of the landscape.

The smart irrigation market is at a growth phase. Agricultural consumes more than 50% of the water for irrigation. Therefore, as an acceptable solution, there is a need to reduce agricultural water use by utilizing water in the right quantities. Internet-based software systems provide a cost-effective approach to water management, thereby promoting the global smart irrigation market.

Global Smart Irrigation Industry Overview

The global smart irrigation market was estimated to be at $1.26 billion in 2020, which is expected to grow with a CAGR of 13.69% and reach $2.75 billion by 2026. The growth in the global smart irrigation market is expected to be driven by increasing demand for sustainability and increased mechanization and automation in agriculture industry.

Impact of COVID-19

Due to the COVID-19 pandemic, the shortage in staff availability in the industry has resulted in the introduction of smart irrigation systems worldwide. However, it has also helped understand the value of smart irrigation due to people’s concern for food security, poverty, and global economic impact. Therefore, smart irrigation practitioners have responded positively to this crisis, and therefore, the global smart irrigation market is anticipated to bounce back more robustly in the future.

Market Segmentation

Smart Irrigation Market by Application

The application segment includes agricultural and non-agricultural segments. The global smart irrigation market in the application segment is expected to be dominated by non-agricultural application due to huge wastage of water in all forms of conventional irrigation applications.

Smart Irrigation Market by Component

The component segment for the global smart irrigation market includes controller, sensor, water flow meter, and others. The global smart irrigation market in the component segment is expected to be dominated by controller, followed by sensor. Controllers and sensors are used to enable a smart irrigation system to be deployed in agricultural and non-agricultural applications.

Smart Irrigation Market by System

The system segment for the global smart irrigation market includes weather-based controller system and sensor-based controller system. The global smart irrigation market in the system segment is expected to be dominated by weather-based controller system. This is due to the better accuracy and multiple applications of these controllers in the field.

Smart Irrigation Market by Region

North America generated the highest revenue of $460.6 million in 2020 due to high technological advancement in the region, high awareness on smart and modern irrigation solutions for agricultural and non-agricultural applications, and around 40 million acres of lawn, thus, turf grasses occupying more than 1.9% area of continental U.S., which requires daily watering for the maintenance.

Key Market Players and Competition Synopsis

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the smart irrigation market.

Some key players operating in the global smart irrigation market are Banyan Water, Inc., Caipos GmbH, Calsense, ET Water Systems, Inc., Galcon, Hunter Industries, HydroPoint, Jain Irrigation, Inc., Netafim, Orbit Irrigation Products LLC, Rachio inc., and Rain Bird Corporation.

The post Smart Irrigation Market – A Global and Regional Analysis: Focus on Application, Product, and Country-Wise Analysis – Analysis and Forecast, 2021-2026 first appeared on CRI Report.

Market Scenario
According to Statistics, the global smart irrigation market is estimated to register a CAGR of over 14.7% to reach USD 2,641.8 Million by the end of 2027.

Smart irrigation systems are in demand nowadays because they track conditions of weather, soil, and water with the help of controllers and sensors. They are proven to be the most reliable cost-efficient and data-driven solution to society. Furthermore, the increasing popularity of modern agriculture is expected to fuel the global market growth during the review period.

The global smart irrigation market is anticipated to register a notable market expansion owing to the increasing demand for efficient irrigation systems and the growing number of smart cities worldwide. Also, the rising initiatives by the government to improve water conservation is expected to propel market growth in the future.

However, the challenges in the global smart irrigation market such as lack of standardization of irrigation systems, high cost of electronics due to emergence of sensors and controllers, and subsidized water due to increasing population may hamper the market growth in the projected timeframe.

Additionally, the implementation of smart irrigation in pieces of land, adequate technical skills among farmers, and the high initial cost are expected to restrain the market growth.

Segment Overview
The worldwide smart irrigation market has been partitioned into components, application, system type, and region.

The component segment divides the smart irrigation market into controllers, sensors, water flow meters, and others. Based on system type, the global smart irrigation market has been bifurcated into weather-based controller systems and sensor-based controller systems. In terms of agriculture, the market has been classified into agricultural and non-agricultural.

Regional Analysis
The worldwide smart irrigation market has been considered across Asia-Pacific, North America, Europe, and the Rest of the World. North America represented the biggest market portion of 40.9% in 2019.

The modern area in Mexico and the US are progressively embracing IoT gadgets to computerize their cycles. The US is driving the market, though Canada is relied upon to observe the most noteworthy development rate in the approaching future.

The smart irrigation market in Europe is becoming quickly because of the variables, for example, the rise of IoT and union of various control functionalities and the expanding government drives to advance water preservation.

Smart irrigation is adopted rapidly in Asia-Pacific dramatically as the farming area in the region is blasting, and the sky is the limit from there. Many developing nations in the geography are settling on smart irrigation systems for dependability and expanding the effectiveness of the market.

Major Players
The prominent players of the global smart irrigation market are The Toro Company (US), HydroPoint (US), ET Water (US), Rachio (US), Rain Bird Corporation (US), Banyan Water (US), Rain Machine (US), Netafim (Israel), Hunter Industries (US), Galcon(US), Weathermatic (US), Skydrop (US), Blossom (Scotts Company) (US), and Delta-T Devices (UK).

COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.

Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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The post Smart Irrigation Market—Forecast till 2027 first appeared on CRI Report.

Market Overview
CRI has released a report titled Smart Irrigation Market – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031. The market is anticipated to reach USD 2908.8million by 2030 at CAGR of 12% over the period from 2021 to 2030.. According to the report, emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market

Smart Irrigation Market Market: Key Players

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.

Segmentation
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

Smart Irrigation Market Market Dynamics
Smart Irrigation Market Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
COVID-19 pre and post business impact analysis
Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
What is the Smart Irrigation Market Market growth?
Which segment accounted for the largest Smart Irrigation Market Market share?
Who are the key players in the Griddles Market?
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in CRI’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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The post Global Smart Irrigation Market Analysis and Forecast Report 2030 first appeared on CRI Report.