Smart Irrigation Market Share, Growth To 2027

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Smart Irrigation Market To Reach USD 2,687.7
Million By 2026
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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
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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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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

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Our Approach
Market Summary

• Regional Outlook (Revenue in USD Million
  20162026)
• North America
• Europe
• Asia Pacific
• Rest of the World
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About Us
Our Approach
About Us

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