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Smart Irrigation Market worth $3.0 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

07 Jun, 2024, 14:01 GMT

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CHICAGO, June 7, 2024 /PRNewswire/ -- The Smart Irrigation Market is expected to reach USD 3.0 billion by 2029 from USD 1.8 billion in 2024, at a CAGR of 11.2% during the 2024–2029 period according to a new report by MarketsandMarkets™. The growing deployment of sensor nodes that are strategically placed throughout agricultural fields to gather real-time data, enhances the performance efficiency of sensors, which thereby drives the market growth of smart irrigation systems. Additionally, the rising implementation of government initiatives towards water conservation, increases the adoption of smart irrigation systems.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199758913

Browse in-depth TOC on "Smart Irrigation Market" 
120 – Tables
65 – Figures
215 – Pages

Smart Irrigation Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.8 billion

Estimated Value by 2029

$ 3.0 billion

Growth Rate

Poised to grow at a CAGR of 11.2%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Component, System type, Applications, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Insufficiency of training and education

Key Market Opportunities

Decreasing costs of controllers and sensors

Key Market Drivers

Surging adoption of government initiatives for water conservation


The sensor component is expected to have the highest CAGR in the smart irrigation market during the forecast period.

The sensor component of the smart irrigation market is anticipated to grow at the highest CAGR during the forecast period. This growth is driven by factors such as changing climatic conditions, stricter environmental regulations, and the need to enhance crop productivity. Advances in wireless technologies are also contributing to market expansion, including the integration of Wi-Fi and cloud-based systems with soil moisture sensors for real-time field data, and the use of GPS for tracking irrigation machinery. The increasing adoption of soil moisture sensors, rain sensors, and fertigation sensors for irrigation scheduling on farms is expected to further propel market growth during this period.

Non-agricultural applications is expected to have the second-largest market size in the smart irrigation market during the forecast period.

The smart irrigation market for non-agricultural applications is expected to have the second-largest market size during the forecast period. Key factors driving this market growth include the increasing number of government initiatives to promote water conservation, the decreasing cost of smart irrigation controllers, and the growing popularity of automated irrigation solutions among residential and commercial land contractors.

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Asia Pacific is anticipated to register the highest CAGR in the smart irrigation industry during the forecast period.

The adoption rate of smart irrigation techniques is expected to grow at the highest CAGR in the Asia Pacific region during the forecast period. Key factors driving this growth are the increasing use of variable rate technology, smart irrigation systems, and AI-based farm analytics services. Additionally, the growing need to manage and monitor water requirements due to inadequate rainfall and water scarcity in the Asia Pacific region is further accelerating the expansion of the market.

The report profiles key players in smart irrigation companies such as The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), HydroPoint (US), Manna Irrigation Ltd. (Israel), Stevens Water Monitoring Systems Inc. (US), Galcon (Israel), Rachio inc. (US), Weathermatic (US), Irrigreen (US), Banyan Water, Inc. (US), Delta-T Devices Ltd. (UK), CALSENSE (US), AquaSpy (US), Soil Scout oy. (Finland), Acclima, Inc. (US), RainMachine – Green Electronics LLC (US), WiseConn Engineering (US), VALMOUNT INDUSTRIES, INC. (US), GroGuru (US), Orbit (US), HORTAU (US), Mottech. (US), and Cyber-Rain (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=199758913

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-irrigation-market.asp
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