Smart Irrigation Market Size, Share & Industry Growth Analysis Report by Component (Controllers, Sensors, Water Flow Meters), System type (Weather-based Systems, Sensor-based Systems), Applications (Agriculture, Non-Agriculture) and Region - Global Forecast to 2029
[207 Pages Report] The smart irrigation market size is estimated to be worth USD 1.8 billion in 2024 and is projected to reach USD 3.0 billion by 2029, at a CAGR of 11.2% during the forecast period. The surging adoption of government initiatives for water conservation is one of the major drivers of the market. Furthermore, the decreasing costs of controllers and sensors provide growth opportunities in the smart irrigation market.
Smart Irrigation Market Forecast to 2029
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Smart Irrigation Market Dynamics
Driver: Surging adoption of government initiatives for water conservation
The surging adoption of government initiatives for water conservation is significantly driving the market growth of smart irrigation systems. These initiatives are aimed at promoting efficient water use to address the challenges of water scarcity and environmental sustainability. According to the US Environmental Protection Agency (EPA), residential outdoor water use in the US exceeds 9 billion gallons daily, primarily for landscape irrigation. The EPA estimates that up to 50% of this water is wasted due to overwatering caused by inefficient irrigation methods and systems. Irrigation control technologies can significantly reduce this waste by applying water only when plants need it. Therefore, many governments are implementing initiatives to promote sustainable water use. As a result, there is an increasing demand for smart irrigation solutions that can optimize water usage, reduce waste, and support sustainable agricultural practices.
Restraint: Connectivity issues in rural areas
Connectivity issues in rural areas significantly restrain the growth of the smart irrigation system market. Smart irrigation systems rely heavily on stable internet and data connections to monitor and adjust watering schedules based on real-time data such as weather conditions, soil moisture levels, and plant water use. However, rural areas often face challenges with internet connectivity due to inadequate infrastructure, which hampers the effective implementation and operation of these advanced systems. In rural settings, many farms and agricultural lands are located in remote areas with limited access to high-speed internet or reliable cellular networks. This lack of connectivity can lead to delays in data transmission and hinder the seamless functioning of smart irrigation systems.
Opportunity: Decreasing costs of controllers and sensors
The decreasing costs of smart controllers and sensors, present significant future growth opportunities for the smart irrigation market. As technological advancements and increased production scale drive down prices, these systems become more accessible to a wider range of users, including small-scale farmers and residential property owners which thereby is expected to fuel the market growth of smart irrigation systems in the future. Furthermore, this trend will expand the accessibility and adoption of smart irrigation technologies across various sectors, promoting efficient water use and sustainable agricultural practices worldwide.
Challenge: Insufficiency of training and education
Insufficiency of training and education poses significant challenges to the market growth of smart irrigation systems. As these systems become more affordable and accessible, it is crucial that users understand how to effectively install, operate, and maintain them to fully realize their benefits. Lack of training and education can impose challenges such as improper installation and setup, where users may grapple with initial system configurations that will cause system malfunctions and inefficiencies and ultimately restrain its adoption. Additionally, inadequate system utilization arises when users are unfamiliar with optimizing the technology's full capabilities, such as tailoring settings to specific crop requirements and environmental conditions. Without this understanding, the systems may fall short of their potential which will diminish their value thereby hindering the market growth of smart irrigation systems.
Smart Irrigation Market Ecosystem
The prominent players in the smart irrigation market share are The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), and HydroPoint (US). These companies perform organic and inorganic growth strategies to expand themselves globally by providing advanced smart irrigation systems.
Agricultural applications is expected to dominate the market during the forecast period.
The demand for smart irrigation systems in agricultural applications is expected to dominate the market during the forecast period. Key factors driving this growth include government initiatives promoting water conservation, increasing farming operating costs, decreasing costs of sensors and controllers, and a greater emphasis on enhancing farm productivity and profits through smart irrigation solutions.
Weather-based system type is projected to hold the largest market size during the forecast period.
The weather-based system type is projected to hold the largest market size during the forecast period. This is due to its growing popularity among homeowners, commercial building contractors, and managers of landscaping and golf courses. The rapid expansion of the non-residential sector has significantly boosted the demand for weather-based controllers. Additionally, the increasing need to adjust irrigation based on soil characteristics and water pressure is driving the market growth for weather-based systems during this period.
North America region is expected to have the largest market size in the smart irrigation industry during forecast period
The North America is expected to have the largest market size during the forecast period, primarily due to the early adoption of smart irrigation technologies in countries like the US and Canada. Many large-scale farmers in the region are already utilizing advanced technologies to significantly enhance crop production and improve crop management. North America also boasts the highest number of smart irrigation systems installed across farms, residential landscapes, and golf courses.
Smart Irrigation Market by Region
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Key Market Players
The major players in the smart irrigation companies include The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), and HydroPoint (US). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, partnerships, acquisitions, and expansions to strengthen their position in the market.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size available for years |
2020–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million/Billion), Volume (Million Units) |
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Segments covered |
By Component, System Type, Application, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the World (RoW) |
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Companies covered |
The major players in the smart irrigation market are The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), HydroPoint (US), Manna Irrigation Ltd. (Israel), Stevens Water Monitoring Systems Inc. (US), Galcon (Israel), Rachio inc. (US), Weathermatic (US), Irrigreen (US), Banyan Water, Inc. (US), Delta-T Devices Ltd. (UK), CALSENSE (US), AquaSpy (US), Soil Scout oy. (Finland), Acclima, Inc. (US), RainMachine – Green Electronics LLC (US), WiseConn Engineering (US), VALMOUNT INDUSTRIES, INC. (US), GroGuru (US), Orbit (US), HORTAU (US), Mottech. (US), and Cyber-Rain (US). |
Smart Irrigation Market Highlights
The study segments the smart irrigation market based on component, system type, application, and region at the regional and global level.
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Segment |
Subsegment |
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By Component |
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By System Type |
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By Application |
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By Region |
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Recent Developments
- In February 2024, HydroPoint launched its enterprise water solution, HydroPoint 360 which includes data insights, waste forecasting, and localized industry-specific best practices. It is currently being provisioned in limited release to qualified companies with multiple locations nationwide.
- In November 2023, HUNTER INDUSTRIES INC. launched the HYDRAWISE APP which is an irrigation management software that offers enhanced control and clarity to promote a healthy landscape with minimal effort.
- In November 2023, HydroPoint launched its new Baseline devices, SubStation RV and SubStation CP that allow wireless scalability for valve control and flow sensing. They provide networked wireless access for valve control and flow management in remote areas.
- In August 2023, Netafim signed a Memorandum of Understanding (MOU) with UAE-based E20 Investment form a future joint venture. This partnership aims to drive sustainable agriculture practices and advance precision irrigation solutions both in the UAE and globally that address food security challenges.?
- In June 2023, HUNTER INDUSTRIES INC. launched WIRELESS MINI-CLIK SENSOR that stops irrigation to save water without any wiring required.
Frequently Asked Questions (FAQs):
What is the current size of the global smart irrigation market?
The smart irrigation market is estimated to be worth USD 1.8 billion in 2024 and is projected to reach USD 3.0 billion by 2029, at a CAGR of 11.2% during the forecast period. The surging adoption of government initiatives for water conservation is one of the major drivers of the smart irrigation market. Furthermore, the decreasing costs of smart irrigation systems, especially in controllers and sensors provides growth opportunities in the smart irrigation market.
Who are the winners in the global smart irrigation market share?
Companies such as The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), and HydroPoint (US), fall under the winner’s category.
Which region is expected to hold the highest market share?
North America is expected to have the largest market share during forecast period which is attributed to many large-scale farmers in the region are already utilizing advanced technologies to significantly enhance crop production and improve crop management.
What are the major drivers and opportunities related to the smart irrigation market share?
The surging adoption of government initiatives for water conservation and the decreasing costs of controllers and sensors are some of the major drivers and opportunities for smart irrigation market.
What are the major strategies adopted by market players?
The key players have adopted product launches, partnerships, collaborations, agreements, acquisitions, and expansions to strengthen their position for the smart irrigation market.
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The research study involved 4 major activities in estimating the size of the smart irrigation market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, sources such as annual reports, press releases, and investor presentations of companies, white papers, and articles by recognized authors were referred to. Secondary research was mainly done to obtain key information about the industry’s supply chain, the value chain of the market, the pool of key market players, market segmentation according to industry trends, region, and developments from both, market and technology perspectives.
Primary Research
In primary research, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side included experts such as CEOs, vice presidents, marketing directors, application developers, technology & innovation directors, application users, and related executives from multiple key companies and organizations operating in the smart irrigation market ecosystem.
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Market Size Estimation
In the market engineering process, the top-down and bottom-up approaches were used along with multiple data triangulation methods to estimate and validate the size of the smart irrigation market and other dependent submarkets. Key market players were identified through secondary research, and their market share in the targeted regions was determined with the help of primary and secondary research. This entire research methodology included the study of annual and financial presentations of the top market players, as well as interviews with experts for key insights (quantitative and qualitative). The percentage share, splits, and breakdowns were determined using secondary sources and verified through primary research. All the possible parameters that affect the smart irrigation market were verified in detail with the help of primary sources and analyzed to obtain quantitative and qualitative data. This data was supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.
In the market engineering process, both top-down and bottom-up approaches have been used along with data triangulation methods to estimate and validate the size of the smart irrigation market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
- Identifying stakeholders in the smart irrigation market that influence the entire market, along with participants across the value chain.
- Analyzing major manufacturers of smart irrigation systems and studying their product portfolios
- Analyzing trends related to the adoption of smart irrigation systems
- Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, agreements, partnerships, collaborations, acquisitions, and expansions, as well as forecasting the market size based on these developments and other critical parameters
- Carrying out multiple discussions with key opinion leaders to identify the adoption trends of smart irrigation
- Segmenting the overall market into various other market segments
- Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
After arriving at the overall market size, the overall smart irrigation market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were used, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.
Market Definition
Smart irrigation is an advanced technique designed for agricultural and non-agricultural areas—such as lawns, golf courses, and landscapes—precisely without manual intervention. It automatically adjusts the watering schedule based on various parameters, including plant water content, soil moisture levels, wind speed and direction, and local weather data. This method promotes environmental sustainability that reduces labour costs, and conserves water.
Stakeholders
- Satellite Service Providers
- Agricultural Equipment Component Suppliers
- Electronics Component and Device Manufacturers
- Original Equipment Manufacturers (OEMs)
- Irrigation System Component and Device Suppliers and Distributors
- Software, Service and Technology Providers
- Standardization and Testing Firms
- Government Bodies such as Regulatory Authorities and Policymakers
- Research Institutes and Organizations
- Market Research and Consulting Firms
- Irrigation Designers
- Innovation SMEs
- Farmer Organizations
The main objectives of this study are as follows:
- To define, analyze and forecast the smart irrigation market size, by component, system type, and application in terms of value
- To define, analyze and forecast the smart irrigation market size, in terms of volume.
- To forecast the market size for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific and Rest of the World (RoW)
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the smart irrigation market
- To study the complete supply chain and related industry segments for the smart irrigation market
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the supply chain, market ecosystem; trends/disruptions impacting customer’s business; technology analysis; pricing analysis; Porter’s five forces model; key stakeholders & buying criteria; case study analysis; trade analysis; patent analysis; key conferences & events, 2024–2025; regulations related to the smart irrigation market; and investment and funding scenario.
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market.
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking, core competencies2, company valuation and financial metrics and product/brand comparison; along with detailing the competitive landscape for the market leaders.
- To analyze competitive developments such as product launches, partnerships, collaborations, agreements, acquisitions, expansions, and research and development (R&D) activities carried out by players in the smart irrigation market.
Customizations Options:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Information
- Detailed analysis of additional countries (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Smart Irrigation Market
Traditionaly weather-based controller adoption has good amount of penetration. But in recent years sensor-based controllers has gained strong momentum mainly in agriculture area. What level of adoption has been provided for these contollers in 2018 and during forecast period?
Automated irrigation systems has good penetration level in North America but level of penetration for these systems is very low in developing countries. Can you provide penetration level for smart irrigation in developing countries.
I was wondering if the data is just divided in commercial and residential or if it is further broken down in to more applications.
Can you please share the research methodology and assumptions you followed to come up with the numbers provided in the report ?
Does this report provide data regarding competitor analysis and major companies strategies.