According to the
current analysis of Reports and Data, the global Smart
Irrigation Market is estimated to grow at a CAGR of
17.1% and reach USD 2,687.7 million in 2026. These systems monitor weather,
soil conditions, evaporation and plant water use to automatically adjust the
watering schedule to actual conditions of the site.
The
report discusses in detail the strategic alliances such as mergers and
acquisitions, joint ventures, collaborations, partnerships, corporate and
government deals, product launches and brand promotions, and licensing
agreements undertaken by the key players to gain a robust footing in the market.
The Smart Irrigation market research report also offers a thorough SWOT
analysis and Porter’s Five Forces analysis to offer key insights into the
company’s progress and position.
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Key
Players:
The major key players
in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company
(U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data
System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic
(U.S.). Netafim Limited is an Israel-based company that manufactures irrigation
equipment and provides digital farming services. The company has a presence
across 110 countries. It has 29 subsidiaries and 17 manufacturing plants and
around 4,500 employees worldwide.
Further
key findings from the report suggest:
- Sensors accounted for 25.1% of the
market in 2019. There are many types of sensors ranging from soil moisture
sensors, rain/freeze sensors, wind sensors, soil ph sensors, amongst
others. These sensors sense the change in the surrounding variables that
they are programmed for, and adjust the irrigation systems, accordingly,
thereby preventing.
- Soil Moisture Controller helps the
farmers to monitor the moisture content of the soil and expected to have a
CAGR of 17% in 2026. These sensors are buried in the root zone of turfs,
trees or shrubs, and accurately determine the moisture level in the soil
after which the reading is transmitted to the controller.
- Europe is projected to grow
significantly in the forecast period. Increasing government support and
investment is likely to boost the market growth. As part of the European
Union (EU), the EU funded company named Figaro developed a smart
agriculture DSS (Decision Supporting System) which allows the farmers to
benefit from innovative development in irrigation technology. This platform
sends a customized seven-day scheduling plan for irrigation and
fertigation (the process of applying fertilizers through the irrigation
system).
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Market
Segmentation:
Type (Revenue, USD
Million; 2016–2026)
- Climate Based Controller System
- Soil Moisture Controller System
Component (Revenue, USD
Million; 2016–2026)
- Sensors
- Controllers
- Water Flow Meters
- Software
- Other Components
Application (Revenue,
USD Million; 2016–2026)
- Agricultural fields
- Landscape and Turf Irrigation
- Greenhouse
- Residential
- Others
Regional Outlook
(Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
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Objective of Studies:
·
To
provide detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Smart Irrigation market.
·
To
provide insights about factors affecting the market growth. To analyze the Smart
Irrigation market based on various factors- price analysis, supply chain
analysis, Porte five force analysis etc.
·
To
provide historical and forecast revenue of the market segments and sub-segments
with respect to four main geographies and their countries- North America,
Europe, Asia, Latin America and Rest of the World.
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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