Smart Irrigation Market with COVID-19 Impact Analysis by System Type, Application (Greenhouses, Open-Fields, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Region - Global Forecast to 2026
[246 Pages Report] According to MarketsandMarkets, the smart irrigation market is projected to grow from USD 1.2 billion in 2021 to reach USD 2.3 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.9 % from 2021 to 2026.
The government initiatives for promoting water conservation has led to surge in the adoption of smart irrigation systems. In addition to this, factors such as growth of smart cities and need for efficient irrigation systems, decreasing cost of sensors and controllers used in smart irrigation systems are expected to fuel the smart irrigation market.
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Impact of COVID-19 on smart irrigation market size and forecast
The emergence of the global COVID-19 pandemic has affected the smart irrigation market. COVID-19 has resulted in the disruption of various sectors of the economy, and the agriculture sector is also being affected by it. However, a silver lining to this pandemic is the increased awareness among the farmers to use technology for farming operations, which can lead to the automation of several field operations such as the use of various sensors such as rain sensors, climate sensors, soil moisture sensors, temperature sensors, and fertigation sensors. The other integrated solutions involving controllers and water flow meters for irrigation purpose can be seen to have a better adoption in the developing countries as the labor crisis are hindering the irrigation management. Moreover, the remote access to the irrigation controllers and to get adequate inputs from the farms could be a major driving factor for the development of the smart irrigation market in the post-COVID-19 period.
Smart Home Market Dynamics
Driver: Growth of smart cities and need for efficient irrigation systems to fuel smart irrigation controller adoption
The growing importance of efficient watering practices and irrigation solutions for non-agricultural applications, such as residential, turf and landscape, and golf courses, is a major factor driving the growth of this market. Smart city is the ongoing trend across the major parts of the world. Smart cities emphasize on the efficient management of water in commercial as well as residential spaces. Urbanization leads to the decrease of green cover to make way for concrete infrastructure hence it becomes imperative to maintain the green balance for which the smart irrigation concept is being leveraged. The adoption of smart irrigation controllers is expected to increase exponentially in smart cities in coming years. A majority of the water is wasted due to overwatering caused by inefficiencies in traditional irrigation methods and systems and hence adopting the smart irrigation for smart cities would be a highly effective alternative. Thus, the growth of smart cities is expected to generate opportunities for players involved in the smart irrigation controller market. A few countries around the globe are characterized by extreme weather conditions. Irrigation systems in such regions need to be highly efficient. Smart irrigation systems with advanced soil and weather sensors can deliver high efficiency compared with conventional irrigation systems. The need for advanced irrigation systems is another factor pushing the growth of the smart irrigation system market.
Restraint: High costs and limited technical knowledge and skills among farmers
Currently, smart irrigation technology is expensive, which makes it unaffordable for smaller farmers in developed regions and most farmers in emerging economies. According to the European Agricultural Machinery Industry Association, only a quarter of small farmers can afford advanced smart farming equipment and devices. Access to the latest technology is restricted to big and industrialized farms owing to high technology costs. Currently, the benefits of information and communications technology are limited to advanced countries with a focus on the production of well-known and widely grown crops, such as wheat, maize, and rice. Smart irrigation requires high initial investments, efficient farming tools, longer waiting periods, and skilled and knowledgeable farmers or growers, among others, for the uninterrupted and effective use of technologies. Farmers or growers have to make huge investments in smart controllers, sensors, software installation, and weather subscription to collect input data, variable-rate technology, and satellite devices, among others.
The impact of this restraint is currently high owing to the high cost of smart agricultural devices. Most farmers worldwide are marginal farmers or small landholding farmers, who find it difficult to invest in such expensive equipment. The impact of this restraint is particularly high on the market in developing countries such as India, China, and Brazil. In the coming years, advancements in technologies are expected to reduce the prices of farm management solutions, which, in turn, would minimize the impact of this factor on the smart irrigation market.
Opportunity: Advancements in communication technologies and advent of 5G network amid COVID-19
Continuous upgrades in communication technologies are enabling growers or residential users to remotely access their irrigation systems. Traditional hardwire systems are upgraded to wireless data communication systems. Advanced wireless sensors offer mobility, convenience, etc. Radio frequency technology in irrigation provides connectivity with wireless signal communication systems. Advancements in technologies increase interoperability between the control center and the equipment, which, in turn, enhances the efficiency of the overall irrigation system. In agriculture, 5G can further enable improvement in the entire value-chain, from precision farming, smart irrigation, improved soil and crop monitoring to livestock management.
COVID-19 has further accelerated the adoption of 5G technology in the agriculture sector. Some prominent growers in the US, Japan, and Netherlands have already started to take advantage of 5G technology for more efficient scheduling of irrigation in farms. 5G technology is potentially 100 times faster than 4G technology, making communication between devices and servers much quicker for irrigation scheduling.
Challenge: Connectivity issues for implementation in rural areas
In several remote rural locations across the world (particularly in developing countries, although several locations in the US suffer from this issue as well), strong, reliable, and stable internet connectivity is not available. This, in turn, thwarts the attempts to implement smart irrigation practices at such locations. Unless network performance and bandwidth speeds are significantly improved, the implementation of advanced IoT integrated smart irrigation will remain problematic. Furthermore, since many agro-sensors/gateways rely on cloud-based services for data transmission/storage, cloud-based computing also needs to become efficient. In addition to this, in farmlands where tall, dense trees are present or are situated on hilly terrains, reception of GPS signals becomes a huge issue.
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“Market for sensor-based systems expected to grow at a higher CAGR during the forecast period”
The smart irrigation market for sensor-based systems is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the increasing adoption of sensor-based systems in agricultural irrigation to save water and increase crop yield. The sensor-based systems are capable of interpreting precise data from various sensors, such as temperature, soil moisture, rain, and humidity sensors that are being installed on the field. Additionally, the sensor-based systems are preferred over the weather-based systems as they do not rely on weather forecasts or on data from weather stations. Sensor-based systems help to capture data from sensors that are mounted on the field and then they transfer the data to the cloud. Sensor-based smart irrigation controllers are pre-programmed according to the level of moisture present in the soil. Therefore, the smart irrigation system starts irrigating that particular zone or field as soon as the reading reaches below the threshold level. They are more effective than weather-based systems as they can respond to specific zone irrigation requirements based on actual soil moisture levels.
“Market for agriculture application segment expected to grow at a faster rate, than that of non-agriculture segment, during the forecast period”
The market for the agriculture application is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for quality food globally, initiatives taken by various government bodies for water conservation, and decreasing prices of smart controllers and sensors. The demand for smart irrigation systems from the agriculture application has been on the rise. Major factors contributing to the growth of the smart irrigation market for agriculture include the number of initiatives undertaken by various governments to promote water conservation, a surge in farming operating costs, decreasing cost of sensors and controllers, growing emphasis on increasing farm productivity and profits using smart irrigation solutions.
“Smart irrigation market for sensors to exhibit fastest growth during the forecast period”
The sensor-based irrigation controller segment is expected to grow at a higher CAGR during the forecast period. The factors driving the growth of the sensor market include the gradual shift in climatic conditions, increasing stringency of environmental regulations, and growing need for improving crop productivity. Likewise, the rapid advancement in wireless technologies is paving way for the market growth. For example, integration of Wi-Fi or cloud-based systems in plant canopy along with soil moisture sensors to receive real-time data on field conditions and utilizing GPS for the movement tracking of central pivot or linear move machines are also acting as the key determinants fueling the growth of the target market. The increasing adoption of soil moisture sensors, rain sensors, and fertigation sensors for irrigation scheduling at agriculture farms is expected to fuel the growth of this market during the forecast period.
“Smart Irrigation Market in APAC estimated to grow at the fastest rate during the forecast period”
The market in APAC is expected to grow at the highest CAGR during the forecast period owing to the factors like rising adoption of IoT-based irrigation practices in countries such as China and India, increasing penetration of smartphones and other devices to remotely access field data, and rising investments in the ag-tech sector in the APAC region. Furthermore, the requirement for smart irrigation is high in this region as there are stringent government norms on water-conservation. The key contributors in the region are China, Japan, India, and South Korea. The agricultural sector is prominent in APAC. Therefore, the demand prospects for the market are high in the forecasts period. Increasing R&D and energy efficiency are the crucial reasons for surging demand in all these regions. Even the residential areas are adopting the smart irrigation controllers at a faster pace. Major driving factors for the growth of the smart irrigation market in the APAC region are the in countries like India, China, Australia and the increasing penetration of remote sensing technology along with the integration of IoT devices with smart phones.
Key Market Players
Major vendors in the smart irrigation market include Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US). Apart from these, Jain Irrigation Systems (India), Banyan Water (US), Delta-T Devices (UK), Calsense (US), Skydrop (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), Rain Machine (US) are among a few emerging companies in the smart irrigation market.
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Get online access to the report on the World's First Market Intelligence Cloud
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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 |
2017—2026 |
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Base year |
2020 |
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Forecast period |
2021—2026 |
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Units |
Value (USD Million/USD Billion) |
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Segments covered |
Component, System Type, Application and Region |
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Geographic regions covered |
Americas, Europe, Asia Pacific, and RoW |
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Companies covered |
Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US), Jain Irrigation Systems (India), Banyan Water (US), Delta-T Devices (UK), Calsense (US), Skydrop (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), Rain Machine (US) , WiseConn Engineering (US) , Valley Irrigation (US), GroGuru (US), Orbit Irrigation Products (US), and Hortau (US). |
This report categorizes the smart irrigation market based on component, system type, application, and geography.
Smart Irrigation Market, Component
- Controllers
- (Evapotranspiration) ET-Based
- Soil Sensor-Based
- Sensors
- Soil Moisture Sensors
- Temperature Sensors
- Rain/Freeze Sensors
- Fertigation Sensors
- Others
- Water Flow Meters
- Others (includes gateways, routers, and wireless communication equipment)
- COVID-19 Impact on market for various components
Smart Irrigation Market, by System Type:
- Weather-based
- Sensor-based
Smart Irrigation Market, by Application:
- Agricultural
- Greenhouses
- Open-fields
- Non-Agricultural
- Residential
- Turf & Landscape
- Golf Courses
- Others
Region:
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Peru
- Rest of South America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Austria
- Netherlands
- Belgium
- Rest of Europe
- Asia Pacific
- Australia
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East
- Africa
- Others
- Impact of COVID-19 on the Smart Irrigation Market in various regions
Recent Developments
- In May 2021, The Toro Company (US) acquired Left Hand Robotics, Inc. The acquisition supports The Toro Company’s strategy of leadership in next generation technologies, including alternative power, smart connected, and autonomous products.
- In March 2020, Netafim (Israel) collaborated with FluroSat (Australia) to integrate FluroSat’s remote sensing technology into its digital irrigation management platform Netbeat.
- In June 2019, Rain Bird (US) partnered with Living Turf (Australia) as a primary distributor for the full range of Rain Bird Gold Irrigation products across Australia. This partnership will enable Rain Bird to expand in Australia.
Frequently Asked Questions (FAQ):
What will be the dynamics for the adoption of smart irrigation market based on application?
The non-agriculture application segment will most widely adopt the smart irrigation systems as there has been tremendous growth in the construction of smart homes or smart cities throughout the world. Further, the increasing rate of replacement of conventional timer-based controllers with new smart irrigation controllers by residential homeowners and contractors is another factor contributing to the growth of the non-agriculture application segment in the market.
Which component will contribute more to the overall market share by 2026?
The controlers will contribute the most to the smart irrigation market due to the owing to the increasing adoption of this technology for irrigation scheduling in agriculture, residential and commercial property, lawns and gardens, and landscaping. Smart controllers are a relatively new and emerging technology that has been available to end-customers since 2001. The technology to control irrigation application automatically has been included in large-scale commercial systems for some time, but it is relatively new to residential and small commercial sectors.
How will technological developments such as AI and IoT change the smart irrigation landscape in the future?
Internet of Things (IoT) is a milestone in the evolution of technology. Irrigation is conventionally mostly done using canal systems in which water is pumped into fields after regular interval of time without any feedback of water level in field. This type of irrigation affects crop health and produces a poor yield because some crops are too sensitive to water content in soil. An IoT based smart irrigation system, contrary to a traditional irrigation method, can help to regulate supplied water to a large extent. IoT is a technology which enables the growers to adopt the strategies to monitor the usage of water resources in agriculture fields via connecting with android applications. The irrigation system could be more technologically advanced by leveraging machine learning algorithms, to enable it to predict user action, nutrient level of soil, optimized watering schedule to make the irrigation process more efficient. Artificial Intelligence (AI) is an emerging technology in the field of agriculture. AI-based equipment and machines have taken today's agriculture system to a different level. This technology has enhanced crop production and improved real-time monitoring, harvesting, processing and marketing.
Which region is expected to adopt smart irrigation offerings at a fast rate?
APAC region is expected to adopt smart irrigation offerings at the fastest rate. Developing countries such as India and China are expected to have a high potential for the future growth of the market.
What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the market space?
Government initiatives for promoting water conservation has led to a surge in the adoption of smart irrigation systems by growers. The growing importance of efficient watering practices and irrigation solutions for non-agricultural applications, such as residential, turf and landscape, and golf courses, is a major factor driving the growth of this market. Smart city is the ongoing trend across the major parts of the world. Smart cities emphasize on the efficient management of water in commercial as well as residential spaces. The growth of smart cities is expected to generate opportunities for players involved in the smart irrigation market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SEGMENTATION OF SMART IRRIGATION MARKET
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 SMART IRRIGATION MARKET: RESEARCH DESIGN
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
2.1.3 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 Methodology for arriving at market size using bottom-up approach
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Methodology for capturing market size using top-down approach
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR RESEARCH STUDY
2.5 RISK ASSESSMENT
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 41)
3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
FIGURE 7 EFFECT OF COVID-19 ON SMART IRRIGATION MARKET
3.2 REALISTIC SCENARIO
TABLE 1 REALISTIC SCENARIO: SMART IRRIGATION MARKET, 2021–2026 (USD MILLION)
3.3 POST-COVID-19 OPTIMISTIC SCENARIO
TABLE 2 POST-COVID-19 OPTIMISTIC SCENARIO: SMART IRRIGATION MARKET, 2021–2026 (USD MILLION)
3.4 POST-COVID-19 PESSIMISTIC SCENARIO
TABLE 3 POST-COVID-19 PESSIMISTIC SCENARIO: SMART IRRIGATION MARKET, 2021–2026 (USD MILLION)
FIGURE 8 CONTROLLERS TO HOLD LARGEST MARKET SIZE BY 2026
FIGURE 9 SENSOR-BASED SMART IRRIGATION SYSTEMS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 10 AGRICULTURAL APPLICATIONS OF SMART IRRIGATION TO GROW FASTER, 2021–2026
FIGURE 11 AMERICAS TO ACCOUNT FOR MAJOR SHARE OF SMART IRRIGATION MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 ATTRACTIVE OPPORTUNITIES FOR SMART IRRIGATION MARKET GROWTH
FIGURE 12 INCREASING USE OF MODERN AGRICULTURAL PRACTICES DRIVES DEMAND FOR IRRIGATION CONTROLLERS
4.2 SMART IRRIGATION MARKET, BY COMPONENT
FIGURE 13 CONTROLLERS HELD LARGEST MARKET SHARE IN 2020
4.3 SMART IRRIGATION MARKET, BY SYSTEM TYPE
FIGURE 14 WEATHER-BASED SYSTEMS TO HOLD LARGER MARKET SHARE, 2020 AND 2026
4.4 SMART IRRIGATION MARKET, BY COMPONENT AND REGION
FIGURE 15 CONTROLLERS AND AMERICAS TO DOMINATE SMART IRRIGATION MARKET IN 2021
4.5 SMART IRRIGATION MARKET, BY COUNTRY (2021–2026)
FIGURE 16 SMART IRRIGATION MARKET IN NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 51)
5.1 MARKET EVOLUTION
FIGURE 17 EVOLUTION OF SMART IRRIGATION
5.2 MARKET DYNAMICS
FIGURE 18 SMART IRRIGATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 19 SMART IRRIGATION MARKET: DRIVERS AND THEIR IMPACT
5.2.1.1 COVID-19 impact: Accelerated deployment of IoT sensors and nodes
FIGURE 20 INSTALLED BASE OF WIRELESS IOT DEVICES IN AGRICULTURE (MILLION UNITS), 2016–2025
5.2.1.2 Government initiatives to promote water conservation
5.2.1.3 Growth of smart cities and need for efficient irrigation systems
5.2.1.4 Decreasing cost of sensors and controllers used in smart irrigation systems
5.2.2 RESTRAINTS
FIGURE 21 SMART IRRIGATION MARKET: RESTRAINTS AND THEIR IMPACT
5.2.2.1 Implementation of smart irrigation technologies on fragmented land
5.2.2.2 High costs and limited technical knowledge and skills among farmers
5.2.2.3 Issues related to breach of security
5.2.3 OPPORTUNITIES
FIGURE 22 SMART IRRIGATION MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Advancements in communication technologies and advent of 5G network amid COVID-19
5.2.3.2 Integration of smartphones with wireless irrigation controllers post-COVID-19
5.2.4 CHALLENGES
FIGURE 23 SMART IRRIGATION MARKET: CHALLENGES AND THEIR IMPACT
5.2.4.1 Lack of standardization in industry
5.2.4.2 Connectivity issues for implementation in rural areas
FIGURE 24 GLOBAL INTERNET PENETRATION RATE (%)
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 25 SUPPLY CHAIN ANALYSIS OF SMART IRRIGATION MARKET ECOSYSTEM
5.3.1 PLANNING AND REVISING FUNDS
5.3.2 RESEARCH & DEVELOPMENT (R&D)
5.3.3 DEVICE COMPONENT MANUFACTURERS
5.3.4 END USERS
5.3.5 DISTRIBUTORS & SUPPLIERS
5.3.6 AFTER-SALE SERVICES
5.4 ECOSYSTEM/MARKET MAP
FIGURE 26 SMART IRRIGATION ECOSYSTEM
TABLE 4 PLAYERS AND THEIR ROLE IN ECOSYSTEM
5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMART IRRIGATION MARKET
FIGURE 27 EMERGING TECHNOLOGIES EXPECTED TO IMPACT YOUR CLIENTS AS WELL AS YOUR CLIENT’S CLIENT IN THE NEAR FUTURE
5.6 PORTER’S FIVE FORCES MODEL
TABLE 5 SMART IRRIGATION MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 SMART IRRIGATION MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 INTENSITY OF COMPETITIVE RIVALRY
5.6.2 BARGAINING POWER OF SUPPLIERS
5.6.3 BARGAINING POWER OF BUYERS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 THREAT OF NEW ENTRANTS
5.7 CASE STUDIES
5.7.1 STEVENS WATER MONITORING SYSTEMS’ HYDRAPROBE IMPROVES WATER SUPPLY FORECAST USING SOIL MOISTURE DATA
5.7.2 HYDROPOINT’S WEATHERTRAK HELPS LEED PLATINUM RESEARCH CAMPUS ACHIEVE SUSTAINABILITY GOALS
5.7.3 BANYAN WATER’S IRRIGATION INSIGHT SOLUTION HELPS HP ACHIEVE OUTDOOR WATER SAVINGS
5.7.4 VALLEY IRRIGATION’S WATER MANAGEMENT PUMP SOLUTION HELPS MCCLURE FARMS AUTOMATE IRRIGATION PROCESS
5.7.5 DROUGHT MANAGEMENT IN CALIFORNIA’S OJAI VALLEY WITH IOT-BASED SOLUTION
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Integration of IoT with smart irrigation systems
5.8.1.2 Integration of artificial intelligence (AI) with smart irrigation systems
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Use of digital image processing for improved weather forecasting
5.8.2.2 Remote sensing for soil moisture estimation
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO
5.9.1.1 Import scenario - smart irrigation products
TABLE 6 IMPORT DATA, BY COUNTRY, 2017–2020 (USD MILLION)
5.9.2 EXPORT SCENARIO
5.9.2.1 Export scenario - smart irrigation products
TABLE 7 EXPORT DATA, BY COUNTRY, 2017–2020 (USD MILLION)
5.10 PATENT ANALYSIS
TABLE 8 NUMBER OF PATENTS REGISTERED IN SMART IRRIGATION MARKET FROM 2010 TO 2020
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS, 2010-2020
FIGURE 30 SMART IRRIGATION PATENTS PUBLISHED BETWEEN 2010 AND 2020
TABLE 9 PATENTS IN SMART IRRIGATION MARKET, 2018–2020
5.11 TARIFFS
TABLE 10 MFN TARIFFS FOR SMART IRRIGATION PRODUCTS EXPORTED BY US
TABLE 11 MFN TARIFFS FOR SMART IRRIGATION PRODUCTS EXPORTED BY CHINA
5.11.1 POSITIVE IMPACT OF TARIFFS ON SMART IRRIGATION PRODUCTS
5.11.2 NEGATIVE IMPACT OF TARIFFS ON SMART IRRIGATION PRODUCTS
5.11.3 REGULATIONS AND STANDARDS
5.11.3.1 Standards
5.11.3.2 Regulations
5.11.3.2.1 Regulations in North American countries
5.11.3.2.2 Regulations in European countries
5.11.3.2.3 Regulations in Asia Pacific countries
5.12 AVERAGE SELLING PRICE (ASP) OF VARIOUS COMPONENTS OF SMART IRRIGATION SYSTEMS
TABLE 12 SMART IRRIGATION CONTROLLERS, SELLING PRICE (USD)
TABLE 13 SMART IRRIGATION SENSORS, SELLING PRICE (USD)
TABLE 14 SMART IRRIGATION WATER FLOW METERS, SELLING PRICE (USD)
6 SMART IRRIGATION MARKET, BY COMPONENT (Page No. - 84)
6.1 INTRODUCTION
TABLE 15 SMART IRRIGATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
FIGURE 31 CONTROLLERS TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 16 SMART IRRIGATION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
6.2 CONTROLLERS
6.2.1 SURGING ADOPTION OF SMART CONTROLLERS TO MITIGATE LABOR SHORTAGE DURING POST-COVID-19 PERIOD
FIGURE 32 SMART IRRIGATION CONTROLLERS WITNESSED MARGINAL DIP IN 2020 DUE TO COVID-19
TABLE 17 SMART IRRIGATION CONTROLLERS MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 18 SMART IRRIGATION CONTROLLERS MARKET, BY TYPE, 2021–2026 (USD MILLION)
TABLE 19 SMART IRRIGATION CONTROLLERS MARKET, BY REGION, 2017–2020 (USD MILLION)
FIGURE 33 ASIA PACIFIC SMART IRRIGATION CONTROLLERS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 20 SMART IRRIGATION CONTROLLERS MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 21 SMART IRRIGATION CONTROLLERS SHIPMENTS, 2017–2020 (MILLION UNITS)
TABLE 22 SMART IRRIGATION CONTROLLERS SHIPMENTS, 2021–2026 (MILLION UNITS)
6.3 SENSORS
6.3.1 SOIL MOISTURE SENSORS
6.3.1.1 Used to measure soil moisture content in root zone
6.3.2 RAIN/FREEZE SENSORS
6.3.2.1 Prevent irrigation during and after a rainfall/freeze event
6.3.3 TEMPERATURE SENSORS
6.3.3.1 Used to monitor soil temperature in fields
6.3.4 FERTIGATION SENSORS
6.3.4.1 Used to measure soil nutrient content and requirements
6.3.4.2 pH SENSORS
6.3.4.2.1 pH sensors to witness accelerated demand for soil type identification
6.3.4.3 EC sensors
6.3.4.3.1 EC sensors to witness surge in demand to maintain correct soil salinity
6.3.5 OTHERS
FIGURE 34 SOIL MOISTURE SENSORS TO LEAD MARKET DURING FORECAST PERIOD
TABLE 23 SMART IRRIGATION SENSORS MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 24 SMART IRRIGATION SENSORS MARKET, BY TYPE, 2021–2026 (USD MILLION)
FIGURE 35 ASIA PACIFIC SMART IRRIGATION SENSORS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 25 SMART IRRIGATION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 26 SMART IRRIGATION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 27 FERTIGATION SENSORS: SMART IRRIGATION MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 28 FERTIGATION SENSORS: SMART IRRIGATION MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.4 WATER FLOW METERS
6.4.1 WATER FLOW METERS TO WITNESS INCREASED DEMAND FOR PROPER ALLOCATION OF WATER IN FIELDS
FIGURE 36 AMERICAS TO HOLD LARGEST SHARE OF SMART IRRIGATION WATER FLOW METERS MARKET BY 2026
TABLE 29 SMART IRRIGATION WATER FLOW METERS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 30 SMART IRRIGATION WATER FLOW METERS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.5 OTHERS
TABLE 31 OTHER SMART IRRIGATION COMPONENTS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 32 OTHER SMART IRRIGATION COMPONENTS MARKET, BY REGION, 2021–2026 (USD MILLION)
7 SMART IRRIGATION MARKET, BY SYSTEM TYPE (Page No. - 102)
7.1 INTRODUCTION
FIGURE 37 SENSOR-BASED SYSTEMS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 33 SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 34 SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
7.2 WEATHER-BASED SYSTEMS
7.2.1 TYPES OF WEATHER-BASED CONTROLLERS
TABLE 35 WEATHER-BASED SYSTEMS: SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 36 WEATHER-BASED SYSTEMS: SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
7.3 SENSOR-BASED CONTROLLER SYSTEMS
7.3.1 HIGH DEMAND FOR SENSOR-BASED CONTROLLER SYSTEMS IN OPEN FIELD AGRICULTURE
TABLE 37 SENSOR-BASED SYSTEMS: SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
FIGURE 38 AMERICAS TO DOMINATE SENSOR-BASED SYSTEMS MARKET DURING FORECAST PERIOD
TABLE 38 SENSOR-BASED SYSTEMS: SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
8 SMART IRRIGATION MARKET, BY APPLICATION (Page No. - 110)
8.1 INTRODUCTION
TABLE 39 SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 39 MARKET FOR AGRICULTURAL SMART IRRIGATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 40 SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8.2 AGRICULTURAL
8.2.1 GREENHOUSES
8.2.1.1 Greenhouses to witness robust growth during forecast period
8.2.2 OPEN FIELDS
8.2.2.1 Open-field agriculture to hold larger market share during forecast period
TABLE 41 AGRICULTURAL SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 42 AGRICULTURAL SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 43 AGRICULTURAL SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
FIGURE 40 AMERICAS TO DOMINATE AGRICULTURAL SMART IRRIGATION MARKET BY 2026
TABLE 44 AGRICULTURAL SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
8.2.3 IMPACT OF COVID-19 ON AGRICULTURE
FIGURE 41 AGRICULTURAL APPLICATIONS: PRE-COVID-19 AND POST COVID-19 SCENARIO ANALYSIS
8.3 NON-AGRICULTURAL
TABLE 45 NON-AGRICULTURAL SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 42 RESIDENTIAL SMART IRRIGATION SEGMENT TO DOMINATE DURING FORECAST PERIOD
TABLE 46 NON-AGRICULTURAL SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 47 NON-AGRICULTURAL SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 NON-AGRICULTURAL SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
8.3.1 IMPACT OF COVID-19 ON NON-AGRICULTURAL APPLICATIONS
8.3.2 RESIDENTIAL
8.3.2.1 Residential irrigation to hold larger market share in non-agricultural applications
8.3.3 TURF & LANDSCAPE
8.3.3.1 Turf & landscape irrigation to witness rapid growth during forecast period
8.3.4 GOLF COURSES
8.3.4.1 Adoption of smart sensors in golf courses for automatic irrigation scheduling on the rise
8.3.5 OTHERS
9 REGIONAL ANALYSIS (Page No. - 124)
9.1 INTRODUCTION
FIGURE 43 GEOGRAPHIC SNAPSHOT: INDIA EMERGING AS KEY GROWTH NATION
TABLE 49 SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
FIGURE 44 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 50 SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
9.2 AMERICAS
FIGURE 45 AMERICAS: SMART IRRIGATION MARKET SNAPSHOT
TABLE 51 AMERICAS: SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 AMERICAS: SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 53 AMERICAS: SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 54 AMERICAS: SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 55 AMERICAS: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 56 AMERICAS: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 57 AMERICAS: SMART IRRIGATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 58 AMERICAS: SMART IRRIGATION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
9.2.1 IMPACT OF COVID-19
FIGURE 46 AMERICAS: PRE-COVID-19 AND POST-COVID-19 SCENARIO ANALYSIS
9.2.2 NORTH AMERICA
TABLE 59 NORTH AMERICA: SMART IRRIGATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 60 NORTH AMERICA: SMART IRRIGATION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
9.2.2.1 US
9.2.2.1.1 US holds largest share of market in North America
TABLE 61 US: MARKET RANKING OF TOP SMART IRRIGATION PLAYERS, 2020
9.2.2.2 Canada
9.2.2.2.1 Canada expected to witness fastest growth during forecast period
9.2.2.3 Mexico
9.2.2.3.1 Government intervention in efficient irrigation management to drive market in Mexico
9.2.3 SOUTH AMERICA
TABLE 62 SOUTH AMERICA: SMART IRRIGATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 63 SOUTH AMERICA: SMART IRRIGATION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
9.2.3.1 Brazil
9.2.3.1.1 Brazil to hold dominant share of market in South America
9.2.3.2 Argentina
9.2.3.2.1 Growing farmlands and rising adoption of smart irrigation systems boost Argentine market
9.2.3.3 Peru
9.2.3.3.1 Peru to be fastest-growing market in South America during forecast period
9.2.3.4 Rest of South America
9.3 EUROPE
FIGURE 47 EUROPE: SMART IRRIGATION MARKET SNAPSHOT
TABLE 64 EUROPE: SMART IRRIGATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 65 EUROPE: SMART IRRIGATION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 66 EUROPE: SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 67 EUROPE: SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 68 EUROPE: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 69 EUROPE: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 70 EUROPE: SMART IRRIGATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 71 EUROPE: SMART IRRIGATION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
9.3.1 IMPACT OF COVID-19
FIGURE 48 EUROPE: PRE-COVID-19 AND POST COVID-19 SCENARIO ANALYSIS
9.3.2 GERMANY
9.3.2.1 Germany to dominate smart irrigation market in Europe during forecast period
9.3.3 UK
9.3.3.1 Use of non-agricultural smart irrigation systems to flourish in UK
9.3.4 BELGIUM
9.3.4.1 Drought-prone climatic conditions in Belgium to drive market
9.3.5 FRANCE
9.3.5.1 Strengthening irrigation techniques and practices drive market in France
9.3.6 ITALY
9.3.6.1 Rising adoption of irrigation technology could lead to market growth in Italy
9.3.7 AUSTRIA
9.3.7.1 Scope to increase irrigated area presents opportunities in Austria
9.3.8 NETHERLANDS
9.3.8.1 Netherlands to witness fastest growth in Europe
9.3.9 SPAIN
9.3.9.1 Spain expected to witness significant growth in smart irrigation market
9.3.10 REST OF EUROPE
9.4 ASIA PACIFIC
FIGURE 49 ASIA PACIFIC: SMART IRRIGATION MARKET SNAPSHOT
TABLE 72 ASIA PACIFIC : SMART IRRIGATION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 73 ASIA PACIFIC: SMART IRRIGATION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 74 ASIA PACIFIC: SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 75 ASIA PACIFIC: SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 76 ASIA PACIFIC: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 77 ASIA PACIFIC: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 78 ASIA PACIFIC: SMART IRRIGATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 79 ASIA PACIFIC: SMART IRRIGATION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
9.4.1 IMPACT OF COVID-19
FIGURE 50 ASIA PACIFIC: PRE-COVID-19 AND POST COVID-19 SCENARIO ANALYSIS
9.4.2 JAPAN
9.4.2.1 Adoption of precision irrigation technology expected to increase in Japan
9.4.3 AUSTRALIA
9.4.3.1 Large farms expected to witness higher adoption of smart irrigation systems in Australia
9.4.4 INDIA
9.4.4.1 India expected to witness fastest growth during forecast period
9.4.5 CHINA
9.4.5.1 Water scarcity in China to boost adoption of smart irrigation systems
9.4.6 REST OF ASIA PACIFIC
9.5 REST OF THE WORLD
FIGURE 51 REST OF THE WORLD: SMART IRRIGATION MARKET SNAPSHOT
TABLE 80 REST OF THE WORLD: SMART IRRIGATION MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 81 REST OF THE WORLD: SMART IRRIGATION MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 82 REST OF THE WORLD: SMART IRRIGATION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 83 REST OF THE WORLD: SMART IRRIGATION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 84 REST OF THE WORLD: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 85 REST OF THE WORLD: SMART IRRIGATION MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 86 REST OF THE WORLD: SMART IRRIGATION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 87 REST OF THE WORLD: SMART IRRIGATION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
9.5.1 IMPACT OF COVID-19
FIGURE 52 ROW: PRE-COVID-19 AND POST COVID-19 SCENARIO ANALYSIS
9.5.2 MIDDLE EAST
9.5.2.1 Controlled-environment agriculture to drive market in Middle East
9.5.3 AFRICA
9.5.3.1 Africa holds high potential for implementation of smart irrigation
9.5.4 OTHERS IN ROW
10 COMPETITIVE LANDSCAPE (Page No. - 164)
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 88 OVERVIEW OF STRATEGIES DEPLOYED BY SMART IRRIGATION COMPANIES
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL FOCUS
10.2.3 MANUFACTURING FOOTPRINT
10.2.4 ORGANIC/INORGANIC PLAY
10.3 MARKET SHARE ANALYSIS
TABLE 89 DEGREE OF COMPETITION, SMART IRRIGATION MARKET (2020)
10.4 COMPANY EVALUATION QUADRANT
10.4.1 STAR
10.4.2 EMERGING LEADER
10.4.3 PERVASIVE
10.4.4 PARTICIPANT
FIGURE 53 SMART IRRIGATION MARKET (GLOBAL), COMPANY EVALUATION QUADRANT, 2020
10.5 START-UP/SME EVALUATION MATRIX
TABLE 90 STARTUPS/SMES IN SMART IRRIGATION MARKET
10.5.1 PROGRESSIVE COMPANIES
10.5.2 RESPONSIVE COMPANIES
10.5.3 DYNAMIC COMPANIES
10.5.4 STARTING BLOCKS
FIGURE 54 SMART IRRIGATION MARKET, STARTUP/SME EVALUATION MATRIX, 2020
10.6 COMPANY PRODUCT FOOTPRINT
TABLE 91 COMPANY FOOTPRINT
TABLE 92 COMPANY PRODUCT FOOTPRINT
TABLE 93 COMPANY APPLICATION FOOTPRINT
TABLE 94 COMPANY REGION FOOTPRINT
10.7 COMPETITIVE SITUATIONS AND TRENDS
10.7.1 PRODUCT LAUNCHES
TABLE 95 PRODUCT LAUNCHES, 2018 - 2020
10.7.2 DEALS
TABLE 96 DEALS, 2018 - 2020
11 COMPANY PROFILES (Page No. - 180)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 INTRODUCTION
11.2 KEY PLAYERS
11.2.1 RAIN BIRD CORPORATION
TABLE 97 RAIN BIRD CORPORATION: BUSINESS OVERVIEW
11.2.2 THE TORO COMPANY
TABLE 98 THE TORO COMPANY: BUSINESS OVERVIEW
FIGURE 55 THE TORO COMPANY: COMPANY SNAPSHOT
11.2.3 HUNTER INDUSTRIES
TABLE 99 HUNTER INDUSTRIES: BUSINESS OVERVIEW
11.2.4 NETAFIM
TABLE 100 NETAFIM: BUSINESS OVERVIEW
11.2.5 HYDROPOINT
TABLE 101 HYDROPOINT: BUSINESS OVERVIEW
11.2.6 MANNA IRRIGATION
TABLE 102 MANNA IRRIGATION: BUSINESS OVERVIEW
11.2.7 STEVENS WATER MONITORING SYSTEMS
TABLE 103 STEVENS WATER MONITORING SYSTEMS: BUSINESS OVERVIEW
11.2.8 GALCON
TABLE 104 GALCON: BUSINESS OVERVIEW
11.2.9 RACHIO
TABLE 105 RACHIO: BUSINESS OVERVIEW
11.2.10 WEATHERMATIC
TABLE 106 WEATHERMATIC: BUSINESS OVERVIEW
11.3 OTHER PLAYERS
11.3.1 JAIN IRRIGATION SYSTEMS
11.3.2 BANYAN WATER
11.3.3 DELTA-T DEVICES
11.3.4 CALSENSE
11.3.5 SKYDROP
11.3.6 AQUASPY
11.3.7 SOIL SCOUT
11.3.8 CAIPOS
11.3.9 ACCLIMA
11.3.10 RAIN MACHINE (GREEN ELECTRONICS)
11.3.11 WISECONN ENGINEERING
11.3.12 VALLEY IRRIGATION (A VALMONT COMPANY)
11.3.13 GROGURU
11.3.14 ORBIT IRRIGATION PRODUCTS
11.3.15 HORTAU
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 240)
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 AVAILABLE CUSTOMIZATION
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
The study involved four major activities in estimating the size for smart irrigation market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research was conducted to obtain key information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from the market- and technology-oriented perspectives.
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources include annual reports, press releases and investor presentations of companies, white papers, technology journals, and certified publications, articles from recognized authors, directories, and databases.
Primary research has also been conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the smart irrigation market. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list the key information and insights throughout the report.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the smart irrigation market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—the Americas, Europe, Asia Pacific , and Rest of the World (Middle East and Africa). Approximately 20% and 80% of primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the smart irrigation market, as well as various other dependent submarkets. Key players in the smart irrigation market have been identified through secondary research. This entire research methodology includes the study of annual and financial reports of the top players and interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
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Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the overall smart irrigation market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the smart irrigation market data has been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the size of the smart irrigation market, in terms of value, by component, system type, application, and region
- To forecast the market size with respect to 4 main regions: Americas, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value and volume
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
- To map competitive intelligence based on company profiles, key player strategies, and key developments
- To identify drivers, restraints, opportunities, and challenges impacting the growth of the market and submarkets
- To analyze the smart irrigation supply chain and identify opportunities for participants
- To provide key technology trends and a patent analysis related to the smart irrigation market
- To provide information regarding trade data related to the smart irrigation market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the smart irrigation ecosystem
- To strategically profile the key players in the market and comprehensively analyze their market share and core competencies2 in each segment
- To benchmark the market players using the proprietary, company evaluation matrix framework, which analyzes them on various parameters within the broad categories of market ranking/share and product portfolio
- To analyze competitive developments such as collaboration, partnerships, mergers and acquisitions, product launches and developments, and research & development (R&D) in the smart irrigation market.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Get in-depth analysis of the COVID-19 impact on the Smart Irrigation Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Irrigation Market
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- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Smart Irrigation Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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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.