Press release
Smart Irrigation Market Projected to Grow to $10.2 Billion by 2030
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Key Market Drivers:
The market's expansion is primarily fueled by the escalating need for sustainable water management solutions. Government initiatives aimed at promoting sustainable agriculture and efficient water resource utilization are significantly contributing to this growth. Additionally, the increasing adoption of soil moisture monitoring across diverse sectors- including agriculture, landscaping, and gardening- is reinforcing the market's upward trajectory. Technological innovations, such as IoT sensors, Wi-Fi, and GPS integration in irrigation controllers, are also creating substantial opportunities within the industry. Furthermore, the growing use of weather and sensor-based controllers is enhancing the effectiveness and adoption of smart irrigation solutions.
Challenges and Constraints:
Despite the promising outlook, the market faces challenges such as the high cost of installation, which can deter adoption, particularly in price-sensitive regions. Additionally, inadequate water infrastructure in developing countries poses a significant barrier to market growth, limiting the implementation of advanced irrigation systems.
Market Segmentation and Insights:
The smart irrigation market is meticulously segmented for comprehensive analysis, including categories such as type, component, irrigation type, end use, and geography:
By Type: The market is divided into weather-based and soil moisture-based irrigation. In 2024, soil moisture-based irrigation is expected to dominate, owing to its affordability, ease of handling, and effectiveness in optimizing water usage through continuous soil moisture readings.
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By Irrigation Type: Sprinkler irrigation is projected to hold the largest market share in 2024, driven by its widespread use in both agricultural and non-agricultural applications. However, drip irrigation is anticipated to experience the highest CAGR, due to its efficiency in water consumption and its ability to significantly boost crop yields.
By Component: Monitoring components are expected to lead the market share in 2024. The increased deployment of sensors for precise irrigation control and regulation is a key factor driving this segment's growth.
By End Use: The non-agricultural segment, encompassing golf courses, sports grounds, lawns, and gardens, is forecasted to hold the largest market share. The growing popularity of smart irrigation controllers in residential and recreational areas is driving this trend.
By Geography: North America is set to capture the largest market share in 2024, supported by high demand for lawn and garden equipment and extensive adoption of smart irrigation technologies. Conversely, the Asia-Pacific region is expected to register the highest CAGR, driven by rapid population growth, government support, and increasing awareness of modern irrigation benefits.
Industry Leaders:
Leading players in the smart irrigation market include: Netafim Ltd. (Israel), The Toro Company (U.S.), Lindsay Corporation (U.S.), Rain Bird Corporation (U.S.), Valmont Industries, Inc. (U.S.), Rivulis Irrigation Ltd. (Israel), Mottech Water Solutions Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Rachio, Inc. (U.S.), Holman Industries (Australia), Orbit Irrigation Products, Inc. (U.S.), HydroPoint Data Systems, Inc. (U.S.), Weathermatic (U.S.), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), and Calsense (U.S.).
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