Smart irrigation Market size was estimated at $1,207.6 Million in 2019 and is expected to reach $3,291.1 Million by 2027, growing at a CAGR of 15.41% during the forecast period of 2020 to 2027.
Smart Irrigation Market Growth Factors
Modifications in these farming practises like Irrigation can help in Yielding better and quality harvest. The smart Irrigation implies incorporating technology-induced measures in the existing forms of irrigation practices, this is done in a way that cost remains moderate and yield surges up than the usual. The increased demands in Smart
Irrigation market is due to the value-added products which are now available included modernised irrigation pumps And a digitally controlled system to irrigate the land. The latter provides a foolproof method to manage and implement proper functionality, and to ensure that no section of the land remains undernourished. The demands of Smart Irrigation products and equipment are in high numbers in plots where multi-crop farming is practised. Manufacturing and Distribution units are receiving high revenues through Smart Irrigation equipment and methods. The increased funds in the agriculture sector has boosted the market globally. Incorporating Internet of Things devices in the plot of lands can yield an increase of 14% in the demands. These devices will optimize the irrigation timing and schedules without adding man labour. Another key factor which has changed the vision of the Smart irrigation market is the growth of smart cities which require solutions for irrigation, these cities incorporate technology in farms as well as residential areas. However, Fragmented or diversified land can decrease the growth of smart irrigation market.
Smart Irrigation Market Segmentation
Smart Irrigation Market Country Analysis
Smart Irrigation Market Share and Competition
Key companies operating in this industry are: Rain Bird Corporation (US), The Toro Company (US), Netafim (Israel), Hunter Industries (US) and HydroPoint (US). Amiad has confirmed on 25 June 2020 that it is renewing its deal with Netafim, a large smart irrigation systems provider, and extending it up to 5 more years. “The renewal of the agreement with Amiad is a vote of confidence in their disc filtration technology and the value it can bring to our customers.”, the CEO of Netafim said.
Hortau, a leader in irrigation management, launched it’s a new solution named 1K Extended Range Sensor in February 2020. The CEO of Hortau, Jocelyn Boudreau says that they are excited to provide this new solution to its customer and helping them ease their tasks.
Three big and successful irrigation systems providing companies Greyter, Lennar and Tucson announced their partnership in February 2020. The companies are envisioned to provide e residential recycling greywater system for homeowners across the country. Greyter had already launched its pilot systems in the last quarter of 2019. The Vice President of Greyter, John Bell, has informed, “The long-term vision of the pilot is to expand into neighbouring communities and states with new-build communities in 2020 and beyond.”
WaterBit, the automated irrigation systems provider, announced in April 2020 that it has appointed Tony Alvarez as the new CEO of the company. The company is confident that its business will effectively grow under the leadership of tony.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Analysis (Revenue, USD Million, 2020 - 2027)
• Controllers
• Sensors
• Water Flow Meters
• Others (Others includes gateways, routers, and wireless communication equipment)
System Type Analysis (Revenue, USD Million, 2020 - 2027)
• Weather-based System
• Sensor-based System
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Non-Agricultural
o Residential
o Turf and Landscape
o Golf Courses
o Others (Others include non-agriculture applications include pastures land, parks, school or university campuses, industrial buildings, sports grounds, and forestry)
• Agricultural
o Greenhouses
o Open field
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Smart Irrigation Market Companies
• Rain Bird Corporation (US)
• The Toro Company (US)
• Netafim (Israel)
• Hunter Industries (US)
• HydroPoint (US)
Available Versions:-
United States Smart Irrigation Market Industry Research Report
Europe Smart Irrigation Market Industry Research Report
Asia Pacific Smart Irrigation Market Industry Research Report
