Market Highlights:
The smart irrigation system is largely adopted by the advanced economies in order to conserve the water and reduce the wastage. Smart irrigation system are operated , primarily, by the controllers such as weather and soil based controllers in such a way that water is supplied according pre requisite need. By this it prevents excess of water gets controlled which time, cost and energy. The implementation of the system offers the great convenience to the farmers which facilitate to suspend the water during the monsoon and provide flexibility in extreme weather conditions. Emerging economies such as India, China and other parts of South East Asia are deprived of such facilities, which, in turn, is expected to give necessary boost for the region to adopt the smart irrigation system. Increase in government initiatives to adopt the irrigation system for water and waste management and rising awareness among farmers for better irrigation facilities are expected to be major drivers of smart irrigation market over the forecast period.
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Industry News
January 23, 2018 – WaterBit a well-known player of this field recently declared its alliance with AT&T. Both of these giants joined hands in the month of January this year and the main aim of this partnership is to provide smart irrigation to the farmers. The market has set eyes on this development and experts believe that a lot of profit would come out of this partnership.
Major Key Players
The prominent players in the Smart irrigation Market are – HydroPoint (U.S.), Rain Bird Corporation (U.S.), The Toro Company (U.S.), Hunter Industries (U.S.), Baseline Inc. (U.S.) AquaSpy (U.S.), Hortau (U.S.), Libelium (Spain), Aquacell Systems (Australia) among others.
According to MRFR, The global Smart irrigation market is expected to grow at USD ~1561 Million by 2022, at ~17% of CAGR between 2016 and 2022.
Market Segmentation
The worldwide market for smart irrigation has been segmented into three main parts. Each of these has a sub-division respectively and they have been mentioned below:
Application – Non-agriculture and agriculture. On the basis of application, the non-agriculture market takes the lead and holds the largest market share.
By components – Smart detection system/network elements, sensors and water/flow meter. On account of components, sensors govern the market and account for the largest share of the market. The main reason for this is that sensors help in improving productivity and viability of the soil as well the crop.
By types – Soil moisture-based irrigation systems and weather-based irrigation systems. Weather-based irrigation systems have an edge over the others.
Regional Analysis:
The regional analysis of Smart irrigation market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. North America region is expected to dominate in the Smart irrigation market by the forecast period owing to the increasing concern for water conservation and to minimize the wastage of resources by the governments in North America. The study reveals that government initiatives towards smart irrigation in North America region are driving the smart irrigation market in this region. Asia-Pacific countries like China, Japan, India and Korea are expected to show a sudden hike in the smart irrigation market. The study reveals that Asia-Pacific region would evolve as the fastest growing region in the smart irrigation market.
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Intended Audience:
- Technology developers
- Irrigation consultants
- Sensor manufacturers
- Irrigation contractors
- Water purveyors
- Irrigation designers
- Government Organizations
- Research/Consultancy firms
- Water Management Committee
- End users
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