Smart Irrigation Market Size And Forecast (2022-2030)| With Post Impact Of Covid-19

The Global Smart Irrigation Market is valued at USD 1150 million, reaching a CAGR of 15.20% over the forecast period. Smart irrigation systems make use of advanced technologies like sensors, controllers, sprinkles as well as sensors for improving the coverage of the irrigation controllers. It helps in monitoring soil weather as well as water conditions by automating the irrigation systems by using sensors, meters and controllers. These are cost saving, efficient and data driven. The smart irrigation systems usage has been increased exponentially owing to the remarkable growth in the modern agricultural techniques as well as increased adoption among non agriculture applications.

The emergence of IoT as well as use of multiple control functionalities for check soil moisture information, advanced weather data, wind flow sensors and temperatures for reducing the wastage of water and maintaining health and quality of plants. By investing in the development of smart cities, governments throughout the world are focused on harnessing information and communication (ICT) technology to enhance day-to-day operational performance and the quality of life in metropolitan areas.

The adoption of limited technical knowledge as well as skills by the small farmers increases the budget problems due to the increase in cost of installation. Moreover, the farmers are facing difficulties in operating and managing the smart irrigation systems owing the lack of technical knowledge and well as other skills among the end users.

Global Smart Irrigation Market, by Application

Based on the application, the global smart irrigation market is segmented into Greenhouse, Open Field, Residential, Golf Courses, Turf & Landscape and Others. Among these, greenhouse segment holds the largest market share over the forecast period. Globally, there is a growing demand for high-quality food, as well as government measures to save water and lower prices for smart controllers and sensors. The need for smart irrigation systems in agricultural applications is increasing.

Key Market Strategies of the Industry Participants

• May 2021: Left Hand Robotics, Inc. (U.S.) was purchased by The Toro Company (US). The Toro Company's objective of leadership in next-generation technologies, such as alternative power, smart connected, and autonomous devices, is bolstered by this purchase.
• March 2020: Netafim (Israel) and FluroSat (Australia) collaborated to integrate FluroSat's remote sensing technology into Netbeat, Netafim's digital irrigation management platform.

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