Anticipating $10.2 Billion Smart Irrigation Market by 2030


Posted July 11, 2024 by Pratiksha

Meticulous Research® projects the smart irrigation market to reach $10.2 billion by 2030, with a compound annual growth rate (CAGR) of 22.4% from 2023 to 2030.
 
Meticulous Research®, a leading global market research firm, has recently published an in-depth report titled "Smart Irrigation Market by Type (Weather Based, Soil Moisture Based), Component (Monitoring, Controlling, Connectivity, Software), Irrigation Type (Sprinkler, Drip, Surface, Pivot), End Use, and Geography - Global Forecast to 2030."

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Meticulous Research®, a leading global market research firm, has recently published an in-depth report titled "Smart Irrigation Market by Type (Weather Based, Soil Moisture Based), Component (Monitoring, Controlling, Connectivity, Software), Irrigation Type (Sprinkler, Drip, Surface, Pivot), End Use, and Geography - Global Forecast to 2030."

Market Projection: The smart irrigation market is poised to reach $10.2 billion by 2030, growing at a robust CAGR of 22.4% from 2023 to 2030. This impressive growth is driven by the increasing demand for water efficiency, government initiatives promoting sustainable agriculture, and the rising adoption of soil moisture monitoring technologies across various sectors including agriculture, landscaping, and gardening.
Technological Integration: The integration of advanced technologies such as IoT sensors, Wi-Fi, and GPS in irrigation controllers is propelling market growth, offering significant opportunities for enhanced efficiency and productivity.

Challenges: Despite the promising outlook, the market faces challenges including high installation costs and inadequate water infrastructure in developing regions.

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Market Segmentation and Insights:
• Type: The market is segmented into weather-based and soil moisture-based irrigation systems. Soil moisture-based systems are expected to dominate due to their cost-effectiveness and precise soil moisture management capabilities.
• Irrigation Type: Includes sprinkler, drip, surface, pivot, and others. Sprinkler irrigation holds the largest market share in 2023, driven by widespread adoption in both agricultural and non-agricultural settings.
o Drip Irrigation: Expected to register the highest CAGR, attributed to its efficiency in water use and significant yield improvement potential.
• Component: Divided into monitoring, controlling, connectivity, and software. Monitoring components lead the market in 2023, enabling precise irrigation management based on real-time soil and weather data.
• End Use: Segmented into agricultural and non-agricultural sectors. Non-agricultural applications dominate, particularly in developed countries with extensive use in golf courses, sports grounds, and gardens.
• Geography: North America leads in 2023 due to high demand for landscape management solutions and advanced irrigation technologies. The Asia-Pacific region exhibits the highest growth potential, driven by increasing adoption of modern irrigation techniques and strong governmental support.

Key Players: Major players in the smart irrigation market include Netafim Ltd., The Toro Company, Lindsay Corporation, Rain Bird Corporation, Valmont Industries, Rivulis Irrigation Ltd., Mottech Water Solutions, Nelson Irrigation Corporation, Rachio, Holman Industries, Orbit Irrigation Products, HydroPoint Data Systems, Weathermatic, Galcon Bakarim Agricultural Cooperative Society, and Calsense.

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Last Updated July 11, 2024