Dublin, March 31, 2022 (GLOBE NEWSWIRE) – The “Smart Irrigation Market – A Global and Regional Analysis: Focus on Application, Product, and Country-Wise Analysis – Analysis and Forecast, 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global smart irrigation market was estimated to be at $ 1.26 billion in 2020, which is expected to grow with a CAGR of 13.69% and reach $ 2.75 billion by 2026.
The growth in the global smart irrigation market is expected to be driven by increasing demand for sustainability and increased mechanization and automation in agriculture industry.
Irrigation, often known as watering, is the agricultural practice of applying controlled measures of water to land to aid in the growth of crops, as well as to produce landscaping plants and lawns.
Smart irrigation process helps in automating the irrigation procedure and reducing the water use which ultimately reduces the irrigation cost, gives better understanding of the soil and crop moisture content, timely notifications of the abnormalities in soil, good long-term health of the landscape.
The smart irrigation market is at a growth phase. Agricultural consumes more than 50% of the water for irrigation. Therefore, as an acceptable solution, there is a need to reduce agricultural water use by utilizing water in the right quantities. Internet-based software systems provide a cost-effective approach to water management, thereby promoting the global smart irrigation market.
Impact of COVID-19
Due to the COVID-19 pandemic, the shortage in staff availability in the industry has resulted in the introduction of smart irrigation systems worldwide. However, it has also helped understand the value of smart irrigation due to people’s concern for food security, poverty, and global economic impact. Therefore, smart irrigation practitioners have responded positively to this crisis, and therefore, the global smart irrigation market is anticipated to bounce back more robustly in the future.
- Application – Agricultural and Non-Agricultural
- Component – Controller, Sensor, Water Flow Meter, and Others
- System – Weather-Based Controller System and Sensor-Based Controller System
- Business Model – Irrigation-as-a-Product and Irrigation-as-a-Service
- North America – US, Canada, and Mexico
- South America – Argentina, Brazil, Peru, and Rest-of-South America
- Europe – Germany, France, Italy, Netherlands, Spain, Denmark, and Rest-of-Europe
- Middle East and Africa – Israel and Rest-of-Middle East and Africa
- Asia-Pacific – India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
Market Growth Drivers
- Increased Government Initiatives to Promote Water Conservation
- Increased Mechanization and Automation in Agriculture Industry
- Decreasing Cost of Components
- High Initial Infrastructure Cost
- Lack of Technical Knowledge and Skills
- Growth in 5G Network for Remote Monitoring
- Growing Adoption of Modern Technologies across Different Regions
- Expansion of Augmented Reality Applications across Farming Operations
Key Companies Profiled
Banyan Water, Inc., CALSENSE, Galcon, Hunter Industries, HydroPoint, Jain Irrigation Systems Ltd., Netafim, Orbit Irrigation Products LLC, Rachio inc., Rain Bird Corporation, RainMachine – Green Electronics LLC, Scotts Irrigation & Landscaping, Skydrop, Stevens Water Monitoring System Inc., The Toro Company
Key Questions Answered in the Report
- What is the estimated global smart irrigation market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
- What are the key trends, market drivers, and opportunities in the market regarding the smart irrigation market?
- What are the major restraints inhibiting the growth of the global smart irrigation market?
- What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- What is the competitive strength of the key players in the smart irrigation market based on the analysis of their recent developments, product offerings, and regional presence?
- What is the competitive benchmarking of the key smart irrigation companies in the agriculture market based on the analysis of their market coverage and market potential?
- What is the market share analysis in each segment expected to record during the forecast period, along with the growth percentage?
- What is the type of players operating in the market ecosystem of smart irrigation, and what is their significance in the global market?
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Market Definition
22.214.171.124 Sustainable and Renewable Water Management
126.96.36.199 Integration of Wireless Technologies
188.8.131.52 Supporting Government Incentives
1.1.3 Supply Chain Analysis
184.108.40.206 Consortiums and Associations
220.127.116.11 Government Initiatives Landscape
1.2 Business Dynamics
1.2.1 Business Drivers
18.104.22.168 Increased Government Initiatives to Promote Water Conservation
22.214.171.124 Increased Mechanization and Automation in Agriculture Industry
126.96.36.199 Decreasing Cost of Components
1.2.2 Business Challenges
188.8.131.52 High Initial Infrastructure Cost
184.108.40.206 Lack of Technical Knowledge and Skills
1.2.3 Business Opportunities
220.127.116.11 Growth in 5G Network for Remote Monitoring
18.104.22.168 Growing Adoption of Modern Technologies across Different Regions
22.214.171.124 Expansion of Augmented Reality Applications across Farming Operations
1.2.4 Business Strategies
126.96.36.199 Product Development
188.8.131.52 Market Development
1.2.5 Corporate Strategies
184.108.40.206 Merger and Acquisition
220.127.116.11 Partnership, Collaboration, and Joint Venture
1.2.6 Impact of COVID-19 on the Global Smart Irrigation Market
2.1 Global Smart Irrigation Market (by Application)
18.104.22.168 Open Field
22.214.171.124 Plant Factory
126.96.36.199 Golf Course and Sports Ground
188.8.131.52 Turf and Landscape
2.2 Demand Analysis of the Global Smart Irrigation Market (by Application)
2.3 Demand Analysis of the Global Smart Irrigation Market (by Agricultural)
2.4 Demand Analysis of the Global Smart Irrigation Market (by Non-Agricultural)
3.1 Global Smart Irrigation Market (by Product)
3.1.1 Global Smart Irrigation Market (by Component)
184.108.40.206.1 Soil Moisture Sensor
220.127.116.11.2 Rain Sensor
18.104.22.168.3 Temperature Sensor
22.214.171.124 Water Flow Meter
3.1.2 Global Smart Irrigation Market (by System)
126.96.36.199 Weather-Based Controller System
188.8.131.52 Sensor-Based Controller System
3.1.3 Global Smart Irrigation Market (by Business Model)
3.2 Demand Analysis of Global Smart Irrigation Market (by Product)
3.2.1 Demand Analysis of Global Smart Irrigation Market (by Component)
3.2.2 Demand Analysis of Global Smart Irrigation Market (by System)
3.3 Patent Analysis
3.3.1 Patent Analysis (by Status)
3.3.2 Patent Analysis (by Organization)
5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Market Share Analysis
5.2.1 Market Share Analysis of Global Smart Irrigation Companies
5.3 Company Profiles
5.3.1 Banyan Water, Inc.
184.108.40.206 Company Overview
220.127.116.11.1 Role of Banyan Water, Inc. in the Global Smart Irrigation Market
18.104.22.168.2 Product Portfolio
22.214.171.124 Business Strategy
126.96.36.199 Strength and Weakness of Banyan Water, Inc.
188.8.131.52 Company Overview
184.108.40.206.1 Role of CALSENSE in the Global Smart Irrigation Market
220.127.116.11 Product Portfolio
18.104.22.168 Strengths and Weakness of CALSENSE
22.214.171.124 Company Overview
126.96.36.199.1 Role of Galcon in the Global Smart Irrigation Market
188.8.131.52 Product Portfolio
184.108.40.206 Strengths and Weaknesses of Galcon
5.3.5 Hunter Industries
220.127.116.11 Company Overview
18.104.22.168.1 Role of Hunter Industries in the Global Smart Irrigation Market
22.214.171.124 Product Portfolio
126.96.36.199 Strengths and Weaknesses of Hunter Industries
188.8.131.52 Company Overview
184.108.40.206.1 Role of HydroPoint in the Global Smart Irrigation Market
220.127.116.11 Product Portfolio
18.104.22.168 Strengths and Weaknesses of HydroPoint
5.3.6 Jain Irrigation Systems Ltd.
22.214.171.124 Company Overview
126.96.36.199.1 Role of Jain Irrigation Systems Ltd. in the Global Smart Irrigation Market
188.8.131.52 Product Portfolio
184.108.40.206 Strengths and Weaknesses of Jain Irrigation Systems Ltd.
220.127.116.11.1 R&D Analysis
18.104.22.168 Company Overview
22.214.171.124.1 Role of Netafim in the Global Smart Irrigation Market
126.96.36.199 Product Portfolio
188.8.131.52 Business Strategies
184.108.40.206.1 Product Development
220.127.116.11 Corporate Strategies
18.104.22.168.1 Collaborations and Alliances
22.214.171.124.2 Merger and Acquisition
126.96.36.199 Strengths and Weaknesses of Netafim
5.3.8 Orbit Irrigation Products LLC
188.8.131.52 Company Overview
184.108.40.206.1 Role of Orbit Irrigation Products LLC in the Global Smart Irrigation Market
220.127.116.11 Product Portfolio
18.104.22.168 Business Strategies
22.214.171.124.1 Product Development
126.96.36.199 Corporate Strategies
188.8.131.52.1 Merger and Acquisition
184.108.40.206 Strengths and Weaknesses of Orbit Irrigation Products LLC
5.3.9 Rachio inc.
220.127.116.11.1 Role of Rachio inc. in the Global Smart Irrigation Market
18.104.22.168 Product Portfolio
22.214.171.124 Strengths and Weaknesses of Rachio inc.
5.3.10 Rain Bird Corporation
126.96.36.199 Company Overview
188.8.131.52.1 Role of Rain Bird Corporation in the Global Smart Irrigation Market
184.108.40.206 Product Portfolio
220.127.116.11 Business Strategies
18.104.22.168.1 Product Development
22.214.171.124 Corporate Strategies
126.96.36.199.1 Partnership and Joint Venture
188.8.131.52 Strengths and Weaknesses of Rain Bird Corporation
5.3.11 RainMachine – Green Electronics LLC
184.108.40.206 Company Overview
220.127.116.11.1 Role of RainMachine – Green Electronics LLC in the Global Smart Irrigation Market
18.104.22.168 Product Portfolio
22.214.171.124 Strengths and Weaknesses of RainMachine – Green Electronics LLC
5.3.12 Scotts Irrigation & Landscaping
126.96.36.199 Company Overview
188.8.131.52.1 Role of Scotts Irrigation & Landscaping in the Global Smart Irrigation Market
184.108.40.206 Product Portfolio
220.127.116.11 Strengths and Weaknesses of Scotts Irrigation & Landscaping
18.104.22.168 Company Overview
22.214.171.124.1 Role of Skydrop in the Global Smart Irrigation Market
126.96.36.199 Product Portfolio
188.8.131.52 Strengths and Weaknesses of Skydrop
5.3.14 Stevens Water Monitoring System Inc.
184.108.40.206 Company Overview
220.127.116.11.1 Role of Stevens Water Monitoring System Inc. in the Global Smart Irrigation Market
18.104.22.168 Product Portfolio
22.214.171.124 Business Strategies
126.96.36.199 Strengths and Weaknesses of Stevens Water Monitoring System Inc.
5.3.15 The Toro Company
188.8.131.52 Company Overview
184.108.40.206.1 Role of The Toro Company in the Global Smart Irrigation Market
220.127.116.11 Product Portfolio
18.104.22.168 Corporate Strategies
22.214.171.124.1 Partnership and Joint Venture
126.96.36.199.2 Merger and Acquisition
188.8.131.52.3 R&D Analysis
184.108.40.206 Strengths and Weaknesses of The Toro Company
5.3.16 Other Key Players
6 Research Methodology
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Global Smart Irrigation Market