Smart Irrigation Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2026 | Reports And Data
Smart Irrigation Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2026 | Reports And Data
Published by news degree
Posted on August 4, 2021
According to the current analysis of Reports and Data, the global smart irrigation market is estimated to grow at a CAGR of 17.1% and reach USD 2,687.7 million in 2026. These systems monitor weather, soil conditions, evaporation and plant water use to automatically adjust the watering schedule to actual conditions of the site. The market is experiencing a growth trajectory primarily due to demand from farmers and agriculturalists who wish to automate the process of agriculture so that the water usage is reduced. The emergence of large institutional farms and the popularity of irrigating landscaped gardens are some other significant factors driving the growth of this industry
Traditional watering methods can waste as much as 50% of the water used due to inefficiencies in irrigation, evaporation, and overwatering. Moreover, they operate on a timer and do not respond to weather conditions or the amount of water necessary for a plant. These factors have augmented the need for smart irrigation, which uses sensors for real-time or historical data to inform watering routines and modifies watering schedules to improve efficiency. However, the lack of technical knowledge and the high initial cost of controllers and sensors of smart irrigation systems are likely to hinder the growth of the market. Most farmers in developing countries are illiterate and deficient in the skills required to operate these systems.
Europe accounted for 33% of the market in 2019 and is projected to grow significantly in the forecast period. As the water quantity and scarcity concerns have arisen in a tragic way, the usage of efficient water management is now becoming a momentous topic in Europe. According to the EU Common Agricultural Policy (CAP), the member states are required to achieve the full cost of recovery of water services via water pricing, considering the environmental and resource water cost. The integration of smart technologies in irrigation systems can help the agriculture industry in overcoming the shortcomings of traditional farming practices.
The major key players in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic (U.S.). Netafim Limited is an Israel-based company
Further key findings from the report suggest
Sensors accounted for 25.1% of the market in 2019. There are many types of sensors ranging from soil moisture sensors, rain/freeze sensors, wind sensors, soil ph sensors, amongst others. These sensors sense the change in the surrounding variables that they are programmed for, and adjust the irrigation systems, accordingly, thereby preventing.
On-site weather measurement controllers are a class of precision weather stations equipped with sensors that measure air temperature, relative humidity, solar radiation, rainfall, and wind speed. They are directly connected to a controller or to an associated computer, which regulates the amount of water that can be used on the field. The data obtained is highly accurate and can be transmitted regularly from a precision weather station that is located in the same location as the irrigation site.
Soil Moisture Controller helps the farmers to monitor the moisture content of the soil and expected to have a CAGR of 17% in 2026. These sensors are buried in the root zone of turfs, trees or shrubs, and accurately determine the moisture level in the soil after which the reading is transmitted to the controller.
Europe is projected to grow significantly in the forecast period. Increasing government support and investment is likely to boost the market growth. As part of the European Union (EU), the EU funded company named Figaro developed a smart agriculture DSS (Decision Supporting System) which allows the farmers to benefit from innovative development in irrigation technology. This platform sends a customized seven-day scheduling plan for irrigation and fertigation (the process of applying fertilizers through the irrigation system).
The company has a presence across 110 countries. It has 29 subsidiaries and 17 manufacturing plants and around 4,500 employees worldwide. The company provides drippers and drip lines, sprinklers, micro-sprinklers and special emitters, filters, valves, flexible, and PE pipes, connectors and a smart irrigation digital platform.
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
According to the current analysis of Reports and Data, the global smart irrigation market is estimated to grow at a CAGR of 17.1% and reach USD 2,687.7 million in 2026. These systems monitor weather, soil conditions, evaporation and plant water use to automatically adjust the watering schedule to actual conditions of the site. The market is experiencing a growth trajectory primarily due to demand from farmers and agriculturalists who wish to automate the process of agriculture so that the water usage is reduced. The emergence of large institutional farms and the popularity of irrigating landscaped gardens are some other significant factors driving the growth of this industry
Traditional watering methods can waste as much as 50% of the water used due to inefficiencies in irrigation, evaporation, and overwatering. Moreover, they operate on a timer and do not respond to weather conditions or the amount of water necessary for a plant. These factors have augmented the need for smart irrigation, which uses sensors for real-time or historical data to inform watering routines and modifies watering schedules to improve efficiency. However, the lack of technical knowledge and the high initial cost of controllers and sensors of smart irrigation systems are likely to hinder the growth of the market. Most farmers in developing countries are illiterate and deficient in the skills required to operate these systems.
Europe accounted for 33% of the market in 2019 and is projected to grow significantly in the forecast period. As the water quantity and scarcity concerns have arisen in a tragic way, the usage of efficient water management is now becoming a momentous topic in Europe. According to the EU Common Agricultural Policy (CAP), the member states are required to achieve the full cost of recovery of water services via water pricing, considering the environmental and resource water cost. The integration of smart technologies in irrigation systems can help the agriculture industry in overcoming the shortcomings of traditional farming practices.
The major key players in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic (U.S.). Netafim Limited is an Israel-based company
Further key findings from the report suggest
Sensors accounted for 25.1% of the market in 2019. There are many types of sensors ranging from soil moisture sensors, rain/freeze sensors, wind sensors, soil ph sensors, amongst others. These sensors sense the change in the surrounding variables that they are programmed for, and adjust the irrigation systems, accordingly, thereby preventing.
On-site weather measurement controllers are a class of precision weather stations equipped with sensors that measure air temperature, relative humidity, solar radiation, rainfall, and wind speed. They are directly connected to a controller or to an associated computer, which regulates the amount of water that can be used on the field. The data obtained is highly accurate and can be transmitted regularly from a precision weather station that is located in the same location as the irrigation site.
Soil Moisture Controller helps the farmers to monitor the moisture content of the soil and expected to have a CAGR of 17% in 2026. These sensors are buried in the root zone of turfs, trees or shrubs, and accurately determine the moisture level in the soil after which the reading is transmitted to the controller.
Europe is projected to grow significantly in the forecast period. Increasing government support and investment is likely to boost the market growth. As part of the European Union (EU), the EU funded company named Figaro developed a smart agriculture DSS (Decision Supporting System) which allows the farmers to benefit from innovative development in irrigation technology. This platform sends a customized seven-day scheduling plan for irrigation and fertigation (the process of applying fertilizers through the irrigation system).
The company has a presence across 110 countries. It has 29 subsidiaries and 17 manufacturing plants and around 4,500 employees worldwide. The company provides drippers and drip lines, sprinklers, micro-sprinklers and special emitters, filters, valves, flexible, and PE pipes, connectors and a smart irrigation digital platform.
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements
Explore Reports and Data’s Prime Analysis of the global AgricultureIndustry:
Flax Seeds Market Size, Share, By Application, By Type and By Region Forecast To 2027
Tomato Seeds Market Size, Share & Analysis, By Type, By Application, And By Region Forecast To 2028
Dripline Market Size, Share & Analysis, By Product, By Application and Forecasts To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.