The Business Research Company’s report on the Smart Irrigation Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the smart irrigation market further?
The growth of smart cities is significantly contributing to the growth of the smart irrigation market going forward. The increase in the importance of efficient watering solutions for non-agricultural practices is the major driving factor for the growth of this market. As smart cities are being the ongoing trend in major parts of the world, they emphasize efficient management of water practices for both commercials as well as residential spaces. For instance, in April 2023, according to the Smart City Index Report published by IMD Business School, a Switzerland-based business school, the number of smart cities increased by 16.3%, from 118 cities in 2021 to 141 in 2023. Therefore, an increase in smart cities helps in the growth of the smart irrigation market.
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What are the key factors influencing the forecasted market size of the smart irrigation industry?
The smart irrigation market size has grown rapidly in recent years. It will grow from $1.86 billion in 2024 to $2.16 billion in 2025 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to water scarcity, environmental concerns, precision agriculture, government regulations, urbanization, and landscaping.
The smart irrigation market size is expected to see rapid growth in the next few years. It will grow to $3.94 billion in 2029 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to climate change impact, population growth and food demand, water resource management, cost savings, increasing adoption in landscaping, government initiatives. Major trends in the forecast period include IoT and big data, technological advancements, wireless connectivity, integration with weather data, remote monitoring and control, industry-specific solutions.
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Who are the leading competitors in the smart irrigation market?
Major companies operating in the smart irrigation market include AquaSpy Inc., Calsense, Galcon Ltd., Hunter Industries Inc., HydroPoint Data Systems Inc., Netafim USA, Rachio Inc., Rain Bird Corporation, Stevens Water Monitoring Systems Inc., The Toro Company, Weathermatic Industries Inc., Banyan Water Inc., Caipos GmbH, Delta-T Devices Ltd., Jain Irrigation Systems Ltd., Manna Irrigation Ltd., Orbit Irrigation Products LLC, Soil Scout Oy, Valmont Industries Inc., Nelson Irrigation Corporation, Tucor Inc., Irritec S. p. A., Antelco Pty Ltd., Conserva Irrigation Holdings LLC, WaterBit Inc., Hortau Inc., Ewing Irrigation & Landscape Supply Inc., Signature Control Systems Inc., Green IQ Ltd., Hortech Systems Ltd., Spraying Systems Co., Acclima Inc., HortControl LLC
Which emerging trends are set to transform the smart irrigation market landscape?
Major companies operating in the market are adopting new technologies such as precision irrigation system to sustain their position. Precision irrigation is a unique and sustainable agricultural approach that allows the application of water and nutrients to plants at the right time, place, and in the right quantity. For instance, in April 2022, Viridix, an Israel-based company that manufactures irrigation solutions, launched Viridix’s RooTense, a next-generation precision irrigation system with innovative AI-based autonomous capabilities that has not been seen before. This technology provides real time data, alongside the company’s unique AI-based software that aggregates the RooTense data with external data from other sources and analyzes it all to provide operational insights, enabling the system to make and act on autonomous decisions. This technology can help large and small farmers to produce more with less by leveraging data-driven decisions, optimizations, and Auto-Pilot automation.
How do different geographies compare in terms of market share and growth potential in the smart irrigation market?
North America was the largest region in the smart irrigation market in 2024.The regions covered in the smart irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the smart irrigation market are experiencing the fastest growth?
The smart irrigation market covered in this report is segmented –
1) By Type: Climate-Based, Sensor-Based
2) By Technology: Evapotranspiration, Soil Moisture
3) By Component: Sensors, Controllers, Water Flow Meters, Software, Other Components
Subsegments:
1) By Climate-Based: Evapotranspiration Controllers, Weather-Based Irrigation Controllers, Climate Data Monitoring Systems
2) By Sensor-Based: Soil Moisture Sensors, Rain Sensors, Temperature Sensors, Flow Sensors
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How is the smart irrigation market defined, and what are its core characteristics?
Smart irrigation refers to a technique that calculates the landscape’s irrigation needs using meteorological or soil moisture data. It analyzes weather information or measurements of soil moisture to assess the landscape’s requirement for irrigation. These solutions increase irrigation effectiveness by minimizing water waste while maintaining plant health and quality.
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