ID: MRFR/SEM/1889-HCR | February 2021 | Region: Global | 100 pages
Smart irrigation is an advanced system that irrigates the soil with the help of network components. The conventional irrigation system is integrated with network and smart detection devices. Smart-irrigation techniques are using controllers, sensors and meters to monitor the irrigation. The vital role of this smart-irrigation system is for water efficiency. The smart-irrigation system comes with a sensor controller to manage the water sprinklers and drip irrigation system. It is an effective smart device that can monitor soil, temperature, moisture, rain and water flow. The demand for smart irrigation is growing higher.
Due to its efficiency and cost-effectiveness, the agriculture sector is adopting the smart-irrigation system at an exponential rate. This IoT device is highly essential for farmers to reduce water wastage. Also, the smart-irrigation system enhances the growth of crops. With a smart-irrigation system, with less resource more result is witnessed by the farmers. As per the Smart Irrigation Market Report, the market will experience a growth of 18.6% in 2022. Also, the Global Smart Irrigation Market will expand by 1.87 Billion in the forecast period.
Today, most of the regions with vast agricultural lands are adapting to smart irrigations. However, during covid 19 like other industries, the smart irrigation market is experiencing a decline in demand. The spread of the virus has caused several disruptions in the supply chain of the smart irrigation market. The supply of hardware and other components has affected the market severely. However, remote irrigation operations are witnessing more demand due to less human intervention. Furthermore, the Smart Irrigation Market Analysis shows that post covid 19, the demand for the market will increase at a rapid pace. There is an exceptional scope for the smart irrigation market in the upcoming years.
The requirement for smart-irrigation is rising every year. The use of IoT devices is significant in today’s world. It is a technology that is useful in both commercial and residential areas. Also, the development of smart cities is increasing the adoption of the smart-irrigation system. The development of IoT is the crucial market driver of the smart irrigation market. This development results in more awareness of IoT based technologies.
In the forecast period, the development of IoT architecture tends to grow more. Several agricultural lands require the efficiency of a smart irrigation system. Moreover, governmental initiatives to conserve water are rising every year. The stringent government policies are making farmers ware of these efficient water irrigation systems. Therefore, the high awareness and development in IoT architecture are the crucial drivers of the smart irrigation industry. These market drivers contribute to the majority of the Smart Irrigation Market Demand.
The penetration of smartphones is growing these days. It is raising the need for user-friendly Smart irrigation applications. With automation, the smart-irrigation systems also offer voice control feature. This convenience f technology is providing growth opportunities for the market. Smart irrigation is effective as well as a handy tool that can be controlled with smartphones. This development will increase the adoption of smart-irrigation by contractors, constructors and farmers. Many are shifting to smart-irrigation use these advanced features. Also, the farmers have easily monitored the climate condition, soil moisture and accurate water levels with the Smartphone. The voice-controlled sprinkles, drip irrigation and all the other smart-irrigation possibilities offer excellent market growth.
The smart-irrigation system is a capital intensive technology. It is an advanced system with controllers, meters and sensors that are expensive for small farms. The number of households owning agricultural land is higher. However, the smart-irrigation system is not affordable for farmers with small agricultural land. Their return on investment is less as the land to cultivate is small. It is causing a serious-restraint in the market. Even the low-cost rates of the smart irrigation system are not affordable for the farmers. There are plenty of disruptions in the allocation of the smart irrigation market. Therefore, the high installation price is the crucial-restraint of this market.
The smart-irrigation system uses several technologies, communication and interfaces. The irrigation systems lack standardization. The interpretation of the system is different in many regions. Also, the lack of standardization makes the integration of this system complex. Most of the key players have their own set of protocols to handle the system. It causes differentiation in the services offered by the system. Smart-irrigation standardization is a significant challenge in the market. The communication and technical challenges make the work of the system developers’ complex. The technical difficulties in this system act as a demand declining factor in this market.
The smart irrigation market will experience steady growth in the forecast period. Governmental initiatives are the major factors that promote market demand. However, there is a serious-need to fix the technical difficulties and implementation cost in this market. These complexities in the market restrict the individuals from approaching the technology. Further, the awareness of smart-irrigation needs to be understandable for the farmers. All these factors can provide exceptional growth opportunities for the market in 2022.
North America holds the largest Smart Irrigation Market Share. America will dominate the market in the forecast period. The adoption of smart irrigation is a vast commercial and agricultural area is the crucial cause for high demand. The weather and sensor-based smart-irrigation system are popular in this region. The rise of IoT devices in the upcoming years is high in America. The country will witness surging demand for controllers, sensors, water flow meter and other smart irrigation devices. Even the residential areas are adopting the smart-irrigation system at a faster pace. Also, increasing R&D and innovation are the market drivers in this region. Most of the key players of the smart irrigation industry emerge from North America. The well-established market of key-players will experience high profits during 2022.
Source: MRFR AnalysisMarket segment
The smart-irrigation system includes wifi controllers, electric controllers, hybrid controller and battery controllers.
The smart-irrigation system has several sensors such as a Temperature sensor, Soil moisture sensor, Rain sensor, Dendrometer sensor and Freeze sensors.
The smart-irrigation system comes with several meters such as the Water flow meter, Soil meter and Fertilizer meter.
Smart Irrigation Market Forecast suggests that three major regional players dominate the market. North America, Europe and the Asia Pacific will dominate the global smart irrigation market. The investment in smart-irrigation technology is high in the US and Canada. Also, the vast agricultural sectors in the US are adopting the smart-irrigation system at an exponential pace.
Further, the major market drivers in Europe are the governmental initiative and development of IoT technology. The Asia Pacific is the fastest-growing market in the world. The requirement for smart-irrigation is high in this region. Due to stringent norms of government on water-efficient is fueling the Smart Irrigation Market Growth. The key contributors in the region are china, Japan, India and Korea. The agricultural sector is massive in Asia pacific. Therefore, the demand prospects for the market are high in the forecasts period. Increasing R&D and energy efficiency are the vital-reasons for escalating demand in all these regions. Also, the future of the smart irrigation industry is promising in these regions.
The smart irrigation market is highly competitive. Every year there are new developments and improvements in the product. The key players of the market are engaging in new strategies to make smart irrigation more feasible. Also, the key players are trying to expand Smart Irrigation Market Size in the upcoming years.
The key players of smart irrigation market are
Frequently Asked Questions (FAQ) :
The surging use of IoT-based architecture in an irrigation system is estimated to bolster the market’s development in the period of the forecast.
The segments of type, application, component, and vertical are enabling a better understanding of the market.
An income worth USD 1.87 Billion is anticipated to be gained by 2023 while expanding at an 18.6% CAGR.
The competition in the market consists of Rain Bird Corporation(US), Netafim(Israrel), The Toro Company(US), Stevens Water Monitoring System(US), Hunter Industries (US), and Galocn(Israrel).
The incidence of early technology adopters is expected to maneuver the North American region in the coming years.
The surging demand for IoT devices and the requirement for water efficiency are the crucial drivers of this market.