Growing awareness among farmers, along with savings in operational costs, are key factors propelling the Global Smart Irrigation Market during the forecast period of 2024-2028.
According to TechSci Research report, “Smart Irrigation Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Smart Irrigation Market stood at USD 1.62 billion in 2022 and is anticipated to grow with a CAGR of 14.20% in the forecast period, 2024-2028. This can be attributed to precision agriculture practices. The adoption of precision agriculture practices has significantly contributed to the expansion of the smart irrigation market. Precision agriculture leverages technology to optimize various aspects of farming, including irrigation. Farmers can now tailor irrigation schedules based on specific crop needs, soil conditions, and weather forecasts, resulting in improved resource efficiency and crop yields.
Furthermore, blockchain technology is making inroads into the smart irrigation market, offering a secure and transparent platform for data sharing. This trend addresses concerns related to data security and privacy by providing a decentralized and tamper-resistant system. Blockchain can facilitate trust among stakeholders and streamline data exchange, fostering collaboration in the smart irrigation ecosystem.
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The Global Smart Irrigation Market has been witnessing significant growth driven by the increasing adoption of advanced technologies in agriculture and a growing need for efficient water management. Smart irrigation systems utilize sensors, weather data, and real-time monitoring to optimize water usage in agriculture, landscaping, and other applications.
The market has benefited from continuous advancements in sensor technologies, IoT (Internet of Things), and data analytics. These technologies enable farmers and land managers to make informed decisions about irrigation based on real-time data.
With increasing concerns about water scarcity, smart irrigation systems play a crucial role in conserving water by delivering the right amount of water at the right time, minimizing wastage.
The Global Smart Irrigation Market is segmented into type, component, end use, regional distribution, and company.
Based on its type, Climate-based smart irrigation is poised to dominate the global smart irrigation market for several compelling reasons. As climate change continues to impact weather patterns and water availability, there is an increasing need for precision in water management. Climate-based smart irrigation systems leverage real-time weather data and environmental conditions to optimize irrigation schedules, ensuring that water is used efficiently and responsibly. This technology not only enhances water conservation efforts but also contributes to substantial cost savings for businesses and farmers by reducing water usage and energy expenses.
Moreover, the scalability and adaptability of climate-based systems make them suitable for diverse geographic locations and agricultural practices. In a world where sustainability and resource efficiency are paramount, climate-based smart irrigation emerges as a crucial solution that aligns with global efforts to address climate challenges and secure the future of agriculture. As stakeholders increasingly recognize the value of smart and sustainable water management, the demand for climate-based solutions is expected to surge, cementing its dominance in the evolving landscape of the global smart irrigation market.
Based on end use, Agriculture is poised to dominate as the primary end-use sector in the global smart irrigation market for several compelling reasons. With the world’s population steadily rising and arable land becoming increasingly scarce, there is a growing imperative to enhance agricultural productivity and optimize resource utilization. Smart irrigation technologies offer a transformative solution by providing farmers with real-time data and precision control over irrigation processes. This enables them to tailor watering schedules based on specific crop needs, soil moisture levels, and weather conditions, resulting in improved yields and resource efficiency.
The potential for substantial water and energy savings, coupled with the ability to mitigate the impacts of climate change on agriculture, positions smart irrigation as a crucial tool for sustainable farming practices. As the agricultural sector continues to embrace technological advancements to meet the challenges of a rapidly changing global landscape, the demand for smart irrigation solutions is expected to surge, solidifying agriculture’s dominance as the primary end-use sector in the global smart irrigation market.
Major companies operating in Global Smart Irrigation Market are:
- Rain Bird Corp
- Toro Co/The
- Hunter Industries Inc
- ET Water Systems Inc
- HydroPoint Data Systems Inc
- Rachio Inc
- Stevens Water Monitoring Systems Inc
- Orbit Irrigation Products LLC
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“The upcoming trends in the Global Smart Irrigation Market reflect a dynamic and innovative landscape. From the integration of cutting-edge technologies like AI and IoT to a focus on scalability and sustainability, these trends promise to redefine the future of agriculture. As these advancements continue to unfold, the smart irrigation market is set to play a pivotal role in addressing the challenges of water scarcity, enhancing crop productivity, and fostering a more sustainable and resilient global agricultural system,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Smart Irrigation Market By Type (Climate Based, Sensor Based), By Component (Controllers, Sensors, Meters, Others), By End Use (Agriculture, Golf Course, Residential, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Smart Irrigation Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Smart Irrigation Market.
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