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Smart Irrigation Market Size

Report ID: GMI5992
Published Date: Jun 2023
Report Format: PDF

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Smart Irrigation Market Size

Smart Irrigation Market size valued at USD 1.4 billion in 2022 and is anticipated to grow at a CAGR of 12% between 2023 and 2032. Rising water scarcity and droughts in many parts of the world have created the need for efficient water management in agriculture and infrastructure. Smart irrigation systems can precisely control water use, aiding in the efficient watering of plants while reducing water wastage. Micro-irrigation Systems Market size is poised to record 10% CAGR during the forecast period.

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Furthermore, there is a growing awareness about environmental issues including water pollution & soil erosion and the impacts of traditional agriculture on ecosystems. Smart irrigation systems offer effective solutions by reducing water use, reducing chemical emissions, and improving the overall resource efficiency. These factors contribute to agricultural production, which is important for the protection of the environment and minimizing the ecological impact.

Smart Irrigation Market Report Attributes
Report Attribute	Details
Base Year:	2022
Smart Irrigation Market Size in 2022:	USD 1.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12%
2032 Value Projection:	USD 4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	500
Segments covered:	System type, component, End-use
Growth Drivers:	Rising automation in farming activities Advancements in sensor technology & connectivity The growing awareness & emphasis on environmental sustainability Increasing Farming Automation The rising focus on water conservation and sustainable water management practices
Pitfalls & Challenges:	High initial investments Infrastructure & connectivity challenges

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Smart irrigation refers to the use of technologies and systems to improve & optimize water flow in agriculture, construction, and other water-intensive applications. Smart irrigation systems use sensors, weather data, soil moisture monitoring techniques, and real-time data to determine the water needs of plants and distribute water efficiently.

Lack of infrastructure development and connectivity issues can hinder the smart irrigation market growth. Smart irrigation systems rely on powerful communication systems to exchange data between sensors, controllers, and cloud-based platforms. In some rural or remote areas, the availability of reliable connections may be limited, leading to difficulties in the use & operation of these systems. Without a stable & fast network, real-time data transmission and remote monitoring are compromised.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of smart irrigation was worth more than USD 1.4 billion in 2022 and is projected to grow at over 12% CAGR over 2023-2032, driven by the increasing incidences of water scarcity and droughts worldwide, creating the need for efficient water management in agriculture and infrastructure.

The climate-based segment held around 10.5% market share in 2022 and is set to depict a modest growth rate through 2032, owing to the rising demand for irrigation solutions which offer real-time weather data and evapotranspiration rates.

Asia Pacific held around 20% revenue share of the market in 2022, due to the robust agricultural sector and growing engagement in agriculture & farming activities.

AquaSpy, Blossom, CALSENSE, ETwater (by Jain Irrigation Systems), Galcon Ltd., Green IQ, Hortau Inc., HUNTER INDUSTRIES, Hydrawise (by Hunter Industries), HydroPoint Data System, NETAFIM are among the leading firms in the market.