Smart Irrigation Market Share, Growth To 2027 - PowerPoint PPT Presentation

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Smart Irrigation Market Share, Growth To 2027

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The study segments the Smart Irrigation industry in light of major classification such as product type, potential markets, application, and end-user. – PowerPoint PPT presentation

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Title: Smart Irrigation Market Share, Growth To 2027


1
Smart Irrigation Market To Reach USD 2,687.7
Million By 2026
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2
Market Summary
The increase in the need for conservation of
water along with the benefits of smart irrigation
over the traditional techniques is expected to
fuel market growth. Market Size USD 650
million in 2018, Market Growth - CAGR of 17.1,
Market Trends Rise in Awareness about
conservation of water and an increase in
investment for RD. 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 market is experiencing a growth
trajectory primarily due to demand from farmers
and agriculturalists who wish to automate the
process of agriculture so that the water usage is
reduced. The emergence of large institutional
farms and the popularity of irrigating landscaped
gardens are some other significant factors
driving the growth of this industry
3
Our Approach
Market Summary
  • Traditional watering methods can waste as much as
    50 of the water used due to inefficiencies in
    irrigation, evaporation, and overwatering.
    Moreover, they operate on a timer and do not
    respond to weather conditions or the amount of
    water necessary for a plant. These factors have
    augmented the need for smart irrigation, which
    uses sensors for real-time or historical data to
    inform watering routines and modifies watering
    schedules to improve efficiency. However, the
    lack of technical knowledge and the high initial
    cost of controllers and sensors of smart
    irrigation systems are likely to hinder the
    growth of the market. Most farmers in developing
    countries are illiterate and deficient in the
    skills required to operate these systems.
  • Europe accounted for 33 of the market in 2019
    and is projected to grow significantly in the
    forecast period. As the water quantity and
    scarcity concerns have arisen in a tragic way,
    the usage of efficient water management is now
    becoming a momentous topic in Europe. According
    to the EU Common Agricultural Policy (CAP), the
    member states are required to achieve the full
    cost of recovery of water services via water
    pricing, considering the environmental and
    resource water cost. The integration of smart
    technologies in irrigation systems can help the
    agriculture industry in overcoming the
    shortcomings of traditional farming practices.
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4
Our Approach
Market Summary
  • 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.).
  • For the purpose of this report, Reports and Data
    has segmented the Smart irrigation Market on the
    basis of type, component, application and region
  • Type (Revenue, USD Million 20162026)
  • Climate Based Controller System
  • Soil Moisture Controller System
  • Component (Revenue, USD Million 20162026)
  • Sensors
  • Controllers
  • Water Flow Meters
  • Software
  • Other Components
  • Application (Revenue, USD Million 20162026)
  • Agricultural fields
  • Landscape and Turf Irrigation
  • Greenhouse
  • Residential
  • Others

5
Our Approach
Market Summary
  • Regional Outlook (Revenue in USD Million
    20162026)
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
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6
About Us
Our Approach
About Us
  • Reports and Data is a market research and
    consulting company that provides syndicated
    research reports, customized research reports,
    and consulting services. Our solutions purely
    focus on your purpose to locate, target and
    analyze consumer behavior shifts across
    demographics, across industries and help clients
    make a smarter business decision. We offer market
    intelligence studies ensuring relevant and
    fact-based research across a multiple industries
    including Healthcare, Technology, Chemicals,
    Power, and Energy. We consistently update our
    research offerings to ensure our clients are
    aware about the latest trends existent in the
    market. Reports and Data has a strong base of
    experienced analysts from varied areas of
    expertise.
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  • John Watson
  • Head of Business Development
  • Reports And Data Web www.reportsanddata.com
  • Direct Line 1-212-710-1370
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