Smart Irrigation Market - Forecast(2021 - 2026)
Smart Irrigation Market Overview:
According to the World Bank, irrigational land covers 275 million hectares in the world, which equals 20% of the total agricultural land with 40% contributing share to global food production. IndustryARC’s analyst states, “emerging water crisis and erratic rainfall pattern offers a major hindrance to the conventional agricultural practices, relatively pushing forth the modern irrigation techniques application for cultivation around the globe.” Furthermore, irrigation methods have incorporated advanced technologies to offer weather-based and soil moisture-based water management techniques, thereby claiming huge market benefit in recent years. Resultantly, the global smart irrigation market acquired revenue of $861.23 billion as of 2018.
Limitation of freshwater resources in urban and arid regions and growth in greenhouse projects implicates huge dependency on effective irrigation techniques which is promoted with sensors induced dripping and spraying systems thereby conserving water. Subsequently, the global smart irrigation market demand is elevating rapidly which is anticipated to grow at a CAGR of 15.92% through to 2025. Additionally, residential plantation, golf courses, and urban landscaping require convenient and regular water supply techniques without any manual operation, thus facilitating the growth of the smart irrigation market. The analytic research asserts that the agriculture segment largely implements the smart irrigation technologies thereby exerting huge demand pull on the niche market which is estimated to elevate at CAGR 18.75% during the forecast period of 2019-2025.
Smart Irrigation Market Growth Drivers:
· Growth in wireless sensors integrated irrigation sprinklers and dripping systems coupled with intelligent control and automation services reduces human intervention and effective water run-time management. These smart irrigation techniques are imperative to modern agricultural, domestic and commercial landscaping, and plantation activities, thereby leveraging huge global demand.
· Water scarcity and changing climate necessitates precision watering methods for cultivation, indoor farming, and landscaping, consequently upheaving the smart irrigation market growth.
Smart Irrigation Market Companies:
As per the study of U.S. Department of Agriculture (USDA), agricultural activities in the United States use approximately 80% of the nation’s ground and surface water.[2] This statistic signifies the need for advanced irrigation systems to lessen the agricultural water consumption rate and preserving it for other commercial and domestic usages. Additionally, wide IoT integrated solutions scalable to the domestic market, the smart city build-up, and growing awareness towards environment sustainable approaches by the generic mass collectively thrive the American smart irrigation market growth. Owing to the aforementioned driving forces, America held a regional share of 36.15% to the global smart irrigation market.
The global smart irrigation market is experiencing unequivocal expansion owing to the innovative technological advancement and R&D activities channeled by several company proprietors. These market leaders include Weathersmatic, Rain Bird, Valmont, Netafilm, Rachio, Hydropoint, Galcon, Hortau, Orbit Irrigation, Toro, and Hunter Industries. Orbit Irrigation provides modern irrigational products for smart utilization of water and contributes to the niche market revenue generation with sprinklers and smart sensors for enhancing the functioning of automated sprinklers during rain and storm.
Smart Irrigation Market Trends:
· IoT Driven Solar-Powered Smart Irrigation:
Irrigation activities induced by solar-powered PV cells and connected to the IoT networking system is an autonomous solution trending in modern farming. With precise soil moisture measurement and temperature predicted solutions through smart sensors, water sprinklers, and dripping systems work simultaneously with automated technology whereby offering minimal manual workforce and higher productivity. Furthermore, the solar-powered battery system is a sustainable electric power solution to the farmers in remote areas propelling high demand in the global market.
Smart Irrigation Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart Irrigation market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Smart Irrigation in the Smart Irrigation market and their specific applications in different areas.
Smart Irrigation Market: Industry Coverage:
The Smart Irrigation market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study includes:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia
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