The smart irrigation market is projected reach to grow USD 2.3 billion by 2026 growing at a CAGR of 14.9 % during the forecast period. Some of the major factors driving the smart irrigation market growth includes active participation of governments in providing rebates and subsidies to enhance the adoption of smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers.
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Smart Irrigation Market for sensor-based systems likely to exhibit higher CAGR during the forecast period mainly due to due to increasing adoption of sensor-based systems in agricultural irrigation
The smart irrigation market for sensor-based systems is expected to witness the highest growth rate during the forecast period. Sensor-based systems use on-site sensors, such as soil moisture sensors or rain sensors, to measure parameters such as soil moisture level, humidity, temperature, and pH level, and use this information to determine whether the landscape or field requires irrigation and adjust irrigation schedules accordingly.Sensor-based controllers are better than weather-based controllers as they do not depend on weather forecasts or inputs about soil characteristics or on data from weather stations. They work directly through sensors that determine the moisture present in the air of the field.
Sensor-based controllers capture data from sensors mounted on the field and then transfer this data to the cloud. They are preprogramed according to the level of moisture present in the soil and start irrigating the zone as soon as the reading goes below the threshold level. Further, due to data linkage with the cloud, irrigation scheduling is done automatically.
Rapid advancement in wireless technologies fueling the growth of sensors deployment in the smart irrigation market
The rapid advancement in wireless technologies is propelling the growth of sensors in smart irrigation market. The increasing deployment of soil moisture sensors, rain sensors, and fertigation sensors for automated irrigation scheduling at agriculture farms is expected to fuel the growth of this market during the forecast period.Soil moisture sensor-based controllers use one of the several well-established technologies to measure soil moisture content. When soil sensors are deployed in the root zone, sensors accurately determine the moisture level in the soil, which is a direct result of evapotranspiration, and transmit this reading to the controller.
Increasing investments in the smart irrigation technology in countries like India, China, and Australia likely to propel the growth of Smart Irrigation Market in APAC
Asia Pacific is an emerging market for smart irrigation and is expected to witness the fastest growth in the forecast period. Key countries in Asia Pacific are China, Japan, Australia, India, Singapore, and Indonesia. These countries have started various programs and groups to promote the growth of modern agricultural techniques, which would directly benefit the smart irrigation market. Australia and China have been leading the market in Asia Pacific.
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Major vendors in the smart irrigation market include Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US).
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