Smart Irrigation Market by System Type, Application, Component and Geography - Global Forecast to 2023

  • ID: 4622799
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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The Smart Irrigation Market is Estimated to be Worth USD 825.0 Million in 2018 and is Projected to Reach USD 1,755.1 Million by 2023, at a CAGR of 16.30% from 2018 to 2023.

FEATURED COMPANIES

  • Acclima
  • Blossom
  • Delta-T Devices
  • Hunter Industries
  • Rachio
  • Soil Scout
  • MORE

Smart irrigation market anticipated to grow at a CAGR of 16.30% from 2018 to 2023

The smart irrigation market is estimated to be worth USD 825.0 million in 2018 and is projected to reach USD 1,755.1 million by 2023, at a CAGR of 16.30% from 2018 to 2023. The major drivers for the smart irrigation market include initiatives undertaken by various governments to promote water conservation, surge in farming operating costs, and growing emphasis on increasing farm productivity and profits using smart irrigation solutions. Major factors restraining the growth of the smart irrigation market include the implementation of smart irrigation technologies in fragmented land, high technological costs, and limited technical knowledge and skills among farmers.

Market for agricultural application to grow at higher CAGR during forecast period

The market for the agricultural application is expected to grow at a higher CAGR during the forecast period. Agriculture and related industries are projected to emerge as the fast-growing application segments. Agriculturists and farmers, in particular, are opting for smart irrigation technologies and playing a key role in optimizing water usage.

Market for sensor-based systems to grow at higher CAGR during forecast period

The smart irrigation market for sensor-based systems is expected to grow at a higher CAGR from 2018 to 2023. This growth can be attributed to the increasing adoption of sensor-based systems in agricultural irrigation to save water and increase crop yield. They are more effective than weather-based systems as they can respond to specific zone irrigation requirements based on actual soil moisture levels.

Smart irrigation market in APAC to grow at highest CAGR during forecast period

The increasing adoption of smart irrigation devices such as controllers, sensors, and smart flow meters by farmers in APAC is expected to propel the growth of the smart irrigation market during the forecast period. The adoption rate of smart irrigation devices is expected to grow at a high rate in APAC as this region comprises emerging countries such as India and China, and other Southeast Asian countries. Growing need to control and monitor the water requirements of fields due to inadequate rainfall and water scarcity across APAC is accelerating the growth of this market.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
  • By Designation: C-Level Executives – 57%, Directors – 29%, and Others – 14%
  • By Region: Americas– 40%, Europe – 30%, APAC – 20%, and RoW – 10%

Key players operating in the smart irrigation market are The Toro Company (US), Netafim (Israel), Hunter Industries (US), Rain Bird Corporation (US), HydroPoint (US), Rachio (US), Banyan Water (US), Rain Machine (US), ET Water (US), Galcon (Israel), Weathermatic (US), Blossom (US), Skydrop (US), Delta-T Devices (UK), Calsense (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), and Rain Machine (US).

Research Coverage

This report covers the smart irrigation market based on component, system type, application, and region. By component, the smart irrigation market has been segmented into controllers, sensors, water flow meters, and others. By application, the smart irrigation market has been segmented into agricultural and nonagricultural. By system type, the smart irrigation market has been classified into weather-based and sensor-based. By region, the smart irrigation market has been segmented into the Americas, Europe, APAC, and RoW.

Key Benefits of Buying This Report

  • This report includes market statistics pertaining to component, application, system type, and region, along with their respective market sizes.
  • In-depth analysis of the value chain has been done to provide in-depth insight into the smart irrigation market.
  • Major drivers, restraints, challenges, and opportunities pertaining to the smart irrigation market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast for the market by component, application, system type, and region have been conducted to provide an overall view of the smart irrigation market.
  • The report includes an in-depth analysis and ranking of key players.
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FEATURED COMPANIES

  • Acclima
  • Blossom
  • Delta-T Devices
  • Hunter Industries
  • Rachio
  • Soil Scout
  • MORE

1 Introduction

2 Research Methodology

2.1 Research Data
       2.1.1 Secondary Data
                2.1.1.1 Major Secondary Sources
                2.1.1.2 Key Data From Secondary Sources
       2.1.2 Primary Data
                2.1.2.1 Primary Interviews With Experts
                2.1.2.2 Breakdown of Primaries
                2.1.2.3 Key Data From Primary Sources
       2.1.3 Secondary and Primary Research
                2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
       2.2.1 Bottom-Up Approach
                2.2.1.1 Approach for Arriving at Market Size By Bottom-Up Analysis (Demand Side)
       2.2.2 Top-Down Approach
                2.2.2.1 Approach for Arriving at Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities for Smart Irrigation Market Growth
4.2 Smart Irrigation Market in APAC, By Application and Country
4.3 Smart Irrigation Market, By Component
4.4 Smart Irrigation Market, By System Type
4.5 Smart Irrigation Market, By Country (2018–2023)

5 Market Overview

5.1 Market Evolution
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Emergence of IoT and Convergence of Multiple Control Functionalities
                5.2.1.2 Increasing Government Initiatives to Promote Water Conservation
                5.2.1.3 Growth of Smart Cities and Need for Efficient Irrigation Systems to Fuel Smart Irrigation Controller Adoption
       5.2.2 Restraints
                5.2.2.1 Implementation of Smart Irrigation Technologies in Fragmented Land
                5.2.2.2 High Technological Costs, and Limited Technical Knowledge and Skills Among Farmers
       5.2.3 Opportunities
                5.2.3.1 Continuous Advancements in Communication Technologies
                5.2.3.2 Integration of Smartphones With Irrigation Controller and Software Applications
       5.2.4 Challenges
                5.2.4.1 Lack of Standardization in Smart Irrigation Industry

6 Industry Trends

6.1 Value Chain Analysis
       6.1.1 Major Stakeholders in Smart Irrigation Market
6.2 Industry Trends

7 Smart Irrigation Market, By Component

7.1 Introduction
7.2 Controllers
7.3 Sensors
       7.3.1 Rain/Freeze Sensors
       7.3.2 Soil Moisture Sensors
       7.3.3 Temperature Sensors
       7.3.4 Wind Sensors
       7.3.5 Fertigation Sensors
                7.3.5.1 PH Sensors
                7.3.5.2 EC Sensors
7.4 Water Flow Meters
7.5 Others

8 Smart Irrigation Market, By System Type

8.1 Introduction
8.2 Weather-Based Controller Systems
       8.2.1 Types of Weather-Based Controllers
8.3 Sensor-Based Controller Systems

9 Smart Irrigation Market, By Application

9.1 Introduction
9.2 Agricultural
       9.2.1 Greenhouse
       9.2.2 Open Field
9.3 Nonagricultural
       9.3.1 Residential
       9.3.2 Turf and Landscape
       9.3.3 Golf Courses
       9.3.4 Others

10 Geographic Analysis

10.1 Introduction
10.2 Americas
        10.2.1 North America
                   10.2.1.1 US
                   10.2.1.2 Canada
                   10.2.1.3 Mexico
        10.2.2 South America
                   10.2.2.1 Brazil
                   10.2.2.2 Argentina
                   10.2.2.3 Peru
                   10.2.2.4 Rest of South America
10.3 Europe
        10.3.1 Germany
        10.3.2 UK
        10.3.3 Belgium
        10.3.4 France
        10.3.5 Italy
        10.3.6 Austria
        10.3.7 Netherlands
        10.3.8 Spain
        10.3.9 Rest of Europe
10.4 Asia Pacific (APAC)
        10.4.1 Japan
        10.4.2 Australia
        10.4.3 India
        10.4.4 China
        10.4.5 Rest of Asia Pacific
10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
        10.5.3 Others

11 Competitive Landscape

11.1 Overview
11.2 Market Player Ranking Analysis (2017)
11.3 Competitive Situations and Trends
        11.3.1 Product Launches
        11.3.2 Agreements, Partnerships, and Contracts
        11.3.3 Mergers and Acquisitions

12 Company Profiles

12.1 Key Players
        12.1.1 Rain Bird Corporation
        12.1.2 The Toro Company
        12.1.3 Hunter Industries
        12.1.4 Netafim
        12.1.5 Hydropoint
        12.1.6 Stevens Water Monitoring Systems
        12.1.7 Galcon
        12.1.8 Rachio
        12.1.9 Weathersmatic
        12.1.10 Banyan Water
12.2 Other Important Players
        12.2.1 ET Water
        12.2.2 Delta-T Devices
        12.2.3 Calsense
        12.2.4 Blossom
12.3 Start-Up Ecosystem
        12.3.1 Skydrop
        12.3.2 Aquaspy
        12.3.3 Soil Scout
        12.3.4 Caipos
        12.3.5 Acclima
        12.3.6 Rain Machine (Green Electronics)

13 Appendix

List of Tables

Table 1 Smart Irrigation Market, By Component, 2015–2023 (USD Million)
Table 2 Smart Irrigation Controllers Market, By Type, 2015–2023 (USD Million)
Table 3 Smart Irrigation Controllers Market, By Application, 2015–2023 (USD Million)
Table 4 Smart Irrigation Controllers Market, By Nonagricultural Application, 2015–2023 (USD Million)
Table 5 Smart Irrigation Controllers Market, By Agricultural Application, 2015–2023 (USD Million)
Table 6 Smart Irrigation Controllers Market, By Region, 2015–2023 (USD Million)
Table 7 Smart Irrigation Sensor Market, By Sensor Type, 2015–2023 (USD Million)
Table 8 Smart Irrigation Sensor Market, By Application, 2015–2023 (USD Million)
Table 9 Smart Irrigation Sensor Market, By Nonagricultural Application, 2015–2023 (USD Million)
Table 10 Smart Irrigation Sensor Market, By Agricultural Application, 2015–2023 (USD Million)
Table 11 Smart Irrigation Sensor Market, By Region, 2015–2023 (USD Million)
Table 12 Smart Irrigation Fertigation Sensor Market, By Type, 2015–2023 (USD Million)
Table 13 Smart Irrigation Water Flow Meter Market, By Region, 2015–2023 (USD Million)
Table 14 Smart Irrigation Market for Others, By Region, 2015–2023 (USD Million)
Table 15 Smart Irrigation Market, By System Type, 2015–2023 (USD Million)
Table 16 Smart Irrigation Weather-Based System Market, By Application, 2015–2023 (USD Million)
Table 17 Smart Irrigation Weather-Based System Market, By Nonagricultural Application, 2015–2023 (USD Million)
Table 18 Smart Irrigation Weather-Based System Market, By Agricultural Application, 2015–2023 (USD Million)
Table 19 Smart Irrigation Weather-Based System Market, By Region, 2015–2023 (USD Million)
Table 20 Smart Irrigation Sensor-Based System Market, By Application, 2015–2023 (USD Million)
Table 21 Smart Irrigation Sensor-Based System Market, By Nonagricultural Application, 2015–2023 (USD Million)
Table 22 Smart Irrigation Sensor-Based System Market, By Agricultural Application, 2015–2023 (USD Million)
Table 23 Smart Irrigation Sensor-Based System Market, By Region, 2015–2023 (USD Million)
Table 24 Smart Irrigation Market, By Application, 2015–2023 (USD Million)
Table 25 Smart Irrigation Market for Agricultural Application, By Type, 2015–2023 (USD Million)
Table 26 Smart Irrigation Market for Agricultural Application, By System Type, 2015–2023 (USD Million)
Table 27 Smart Irrigation Market for Agricultural Application, By Region, 2015–2023 (USD Million)
Table 28 Smart Irrigation Greenhouse Market, By System Type, 2015–2023 (USD Million)
Table 29 Smart Irrigation Greenhouse Market, By Region, 2015–2023 (USD Million)
Table 30 Smart Irrigation Open Field Market, By System Type, 2015–2023 (USD Million)
Table 31 Smart Irrigation Open Field Market, By Region, 2015–2023 (USD Million)
Table 32 Smart Irrigation Market for Nonagricultural Application, By Type, 2015–2023 (USD Million)
Table 33 Smart Irrigation Market for Residential, By System Type, 2015–2023 (USD Million)
Table 34 Smart Irrigation Market for Residential, By Region, 2015–2023 (USD Million)
Table 35 Smart Irrigation Market for Turf and Landscape, By System Type, 2015–2023 (USD Million)
Table 36 Smart Irrigation Market for Turf and Landscape, By Region, 2015–2023 (USD Million)
Table 37 Smart Irrigation Market for Golf Courses, By System Type, 2015–2023 (USD Million)
Table 38 Smart Irrigation Market for Golf Courses, By Region, 2015–2023 (USD Million)
Table 39 Smart Irrigation Market for Other Application, By System Type, 2015–2023 (USD Million)
Table 40 Smart Irrigation Market for Other Application, By Region, 2015–2023 (USD Million)
Table 41 Smart Irrigation Market, By Region, 2015–2023 (USD Million)
Table 42 Smart Irrigation Market in Americas, By Region, 2015–2023 (USD Million)
Table 43 Smart Irrigation Market in Americas, By Application, 2015–2023 (USD Million)
Table 44 Smart Irrigation Market in Americas, By System Type, 2015–2023 (USD Million)
Table 45 Smart Irrigation Market in Americas, By Component, 2015–2023 (USD Million)
Table 46 Smart Irrigation Market in North America, By Country, 2015–2023 (USD Million)
Table 47 Smart Irrigation Market in North America, By Application, 2015–2023 (USD Million)
Table 48 Smart Irrigation Market in North America, By System Type, 2015–2023 (USD Million)
Table 49 Smart Irrigation Market in South America, By Country, 2015–2023 (USD Million)
Table 50 Smart Irrigation Market in South America, By Application, 2015–2023 (USD Million)
Table 51 Smart Irrigation Market in South America, By System Type, 2015–2023 (USD Million)
Table 52 Smart Irrigation Market in Europe, By Country, 2015–2023 (USD Million)
Table 53 Smart Irrigation Market in Europe, By Application, 2015–2023 (USD Million)
Table 54 Smart Irrigation Market in Europe, By System Type, 2015–2023 (USD Million)
Table 55 Smart Irrigation Market in APAC, By Country, 2015–2023 (USD Million)
Table 56 Smart Irrigation Market in APAC, By Application, 2015–2023 (USD Million)
Table 57 Smart Irrigation Market in APAC, By System Type, 2015–2023 (USD Million)
Table 58 Smart Irrigation Market in RoW, By Region, 2015–2023 (USD Million)
Table 59 Smart Irrigation Market in RoW, By Application, 2015–2023 (USD Million)
Table 60 Smart Irrigation Market in RoW, By System Type, 2015–2023 (USD Million)
Table 61 Ranking of Top 5 Players in Smart Irrigation Market (2017)
Table 62 Product Launches (2017–2018)
Table 63 Agreements, Partnerships, and Contracts (2015–2018)
Table 64 Mergers and Acquisitions (2015–2018)

List of Figures

Figure 1 Report Snapshot
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Smart Irrigation Market (USD Million), 2015–2023
Figure 6 Controllers to Hold Largest Size of Smart Irrigation Market By 2023
Figure 7 Smart Irrigation Market for Sensor-Based Systems to Grow at Higher CAGR During 2018–2023
Figure 8 Smart Irrigation Market for Agricultural Application to Grow at Higher CAGR During 2018–2023
Figure 9 Americas Accounted for Major Share of Smart Irrigation Market in 2017
Figure 10 Increasing Adoption of Smart Irrigation Controllers and IoT Devices to Drive Smart Irrigation Market
Figure 11 Australia to Hold Largest Share of Smart Irrigation Market in APAC in 2018
Figure 12 Controllers to Hold Largest Market Size in 2018
Figure 13 Weather-Based Systems to Hold Larger Market Size in 2018 and 2023
Figure 14 Smart Irrigation Market to Grow at Highest CAGR in India During Forecast Period
Figure 15 Evolution of Smart Irrigation
Figure 16 Smart Irrigation Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Installed Base of Wireless IoT Devices in Agriculture (Million Units), 2016–2025
Figure 18 Global Mobile Subscriber Base (Million Units), 2016–2026
Figure 19 Value Chain Analysis
Figure 20 Technology Evolution Driving Irrigation Industry
Figure 21 Controllers to Hold Largest Market Size in 2023
Figure 22 Smart Irrigation Controllers Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 23 Soil Moisture Sensors to Hold Largest Market Size in 2023
Figure 24 Smart Irrigation Sensor Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 25 Americas to Hold Largest Size of Smart Irrigation Water Flow Meter Market in 2023
Figure 26 Sensor-Based System Market to Grow at Higher CAGR During Forecast Period
Figure 27 Residential to Hold Largest Size of Smart Irrigation Weather-Based System Market in 2023
Figure 28 Smart Irrigation Sensor-Based System Market for Golf Courses to Grow at Highest CAGR During Forecast Period
Figure 29 Smart Irrigation Market for Agricultural Application to Grow at Higher CAGR During Forecast Period
Figure 30 Americas to Hold Largest Size of Smart Irrigation Market for Agricultural Application in 2023
Figure 31 Americas to Hold Largest Size of Smart Irrigation Greenhouse Market in 2023
Figure 32 Residential to Hold Largest Market Size in 2023
Figure 33 Smart Irrigation Market for Turf and Landscape to Grow at Highest CAGR in Asia Pacific During Forecast Period
Figure 34 Smart Irrigation Market for Other Application to Grow at Highest CAGR in Asia Pacific During Forecast Period
Figure 35 Geographic Snapshot: India Emerging as Key Growth Region for Smart Irrigation Market
Figure 36 Smart Irrigation Market Snapshot: Americas
Figure 37 Smart Irrigation Market Snapshot: Europe
Figure 38 Smart Irrigation Market Snapshot: Asia Pacific
Figure 39 Product Launch – Key Strategy Adopted By Major Players During 2015–2017
Figure 40 Smart Irrigation Market Evaluation Framework
Figure 41 The Toro Company: Company Snapshot

Note: Product cover images may vary from those shown
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  • Rain Bird Corporation
  • The Toro Company
  • Hunter Industries
  • Netafim
  • Hydropoint
  • Stevens Water Monitoring Systems
  • Galcon
  • Rachio
  • Weathersmatic
  • Banyan Water
  • ET Water
  • Delta-T Devices
  • Calsense
  • Blossom
  • Skydrop
  • Aquaspy
  • Soil Scout
  • Caipos
  • Acclima
  • Rain Machine (Green Electronics)
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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