Meticulous Research® recently published a detailed report, Smart Irrigation Market by Type, Component, Irrigation Type, End Use, and Geography—Global Forecast to 2030.' According to the report, the global smart irrigation market is poised to reach $10.2 billion by 2030, growing at a CAGR of 22.4% from 2024 to 2030. This growth is driven by factors such as the increasing demand for efficient water management solutions, governmental support for sustainable farming practices, and the adoption of soil moisture monitoring technology across multiple sectors, including agriculture, landscaping, and gardening.

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Barriers to Growth
However, high installation costs and a lack of water infrastructure in certain regions are limiting the market's potential, particularly in developing countries. These challenges continue to affect the widespread adoption of smart irrigation systems despite growing awareness of their benefits.

Market Breakdown by Type
The market is divided into weather-based and soil moisture-based irrigation systems. In 2024, soil moisture-based systems are expected to dominate the market, offering advantages such as continuous soil monitoring, ease of use, and long-lasting performance. These systems allow for precise irrigation scheduling based on soil moisture data, which promotes water conservation and healthier plant growth.

Irrigation Method Insights
When segmented by irrigation type, sprinkler irrigation is expected to account for the largest market share by 2024, thanks to its widespread use in both agricultural and non-agricultural environments. Growing urbanization, increased demand for recreational spaces, and the need for effective turf management are all contributing to this segment’s success. Drip irrigation systems are expected to grow the fastest, as they offer low-cost, water-efficient solutions that can boost crop yields.

Key Components in the Market
The report highlights that the monitoring components segment will hold the largest share of the market in 2024, driven by the growing adoption of sensors to monitor soil and weather conditions. These sensors help optimize water usage and improve system performance by providing real-time data on plant needs.

End-Use Market Analysis
In terms of end use, non-agricultural applications are projected to lead the market in 2024, primarily due to the extensive use of smart irrigation controllers in sports fields, golf courses, and residential gardens. These controllers are increasingly popular in developed regions, where the need for efficient water management in non-agricultural settings is high.

Regional Analysis
Geographically, North America is expected to dominate the smart irrigation market through 2024, supported by the high demand for lawn and garden equipment, large numbers of recreational spaces, and early adoption of irrigation controllers. Asia-Pacific, however, is forecasted to grow at the fastest rate, driven by increasing agricultural productivity, strong government initiatives, and rising awareness about water conservation technologies.

Key Industry Players
Prominent companies in the smart irrigation market include Netafim Ltd. (Israel), The Toro Company (U.S.), Lindsay Corporation (U.S.), Rain Bird Corporation (U.S.), and Valmont Industries, Inc. (U.S.). These key players are driving innovation and market expansion through the integration of advanced technologies and sustainable practices.

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