Meticulous Research®, a global leader in market research, has published a new 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.” The report reveals that the smart irrigation market is on track to reach $10.2 billion by 2030, with an impressive CAGR of 22.4% from 2024 to 2030.
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This rapid growth is fueled by a pressing need for efficient water use in agriculture, government initiatives promoting sustainable practices, and advancements in soil moisture monitoring technologies. Integration of IoT, Wi-Fi, and GPS in irrigation controllers is transforming irrigation management, offering solutions to conserve water resources while maintaining productivity.
However, the market faces obstacles due to the high installation costs and insufficient water infrastructure in some regions, impacting adoption rates in developing countries.
Meticulous Research® has segmented the smart irrigation market into key categories, offering detailed insights into each segment’s performance and growth potential.
Detailed Market Segmentation:
• Type: Soil moisture-based systems dominate, owing to affordability and reliability, providing real-time data for optimal irrigation schedules.
• Irrigation Type: Sprinkler systems lead the market, widely used across lawns and sports fields. Meanwhile, drip irrigation is emerging as the fastest-growing segment, enhancing crop yields with less water use.
• Component: Monitoring components hold the largest share, facilitating precise irrigation based on soil and plant conditions.
• End Use: Non-agricultural sectors, including golf courses and sports fields, account for the largest market share. Smart irrigation systems, often managed via smartphone apps, are preferred for large landscapes.
• Geography: North America holds the largest share due to the prevalence of golf courses and the demand for garden equipment, while Asia-Pacific is expected to see the fastest growth.
The report identifies key players such as Netafim Ltd., The Toro Company, and Rain Bird Corporation that are shaping the future of smart irrigation with innovative solutions.
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