According to a recent publication by Meticulous Research®, the Smart Irrigation Market is projected to reach $10.2 billion by 2030, growing at a CAGR of 22.4% from 2024 to 2030. This growth is driven by the increasing need for water efficiency and conservation, government policies promoting sustainable agriculture, and a growing demand for soil moisture monitoring in agriculture, landscaping, and gardening. Additionally, the integration of IoT sensors, Wi-Fi, and GPS in irrigation controllers, along with the rise in weather and sensor-based controllers, presents significant growth opportunities for the market.

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Challenges Affecting Market Expansion

Despite the promising outlook, high installation costs and inadequate water infrastructure in developing countries pose challenges to market growth. These factors can hinder widespread adoption and limit market potential in certain regions.

Market Segmentation and Trends

Meticulous Research® has segmented the smart irrigation market based on type, component, irrigation type, end use, and geography. The market is divided into weather-based and soil moisture-based irrigation types. In 2024, soil moisture-based irrigation is expected to dominate due to its cost-effectiveness, ease of use, and efficiency in optimizing water usage through continuous moisture measurements.

Irrigation Type Insights

In terms of irrigation type, the market is categorized into sprinkler, drip, surface, pivot, and other methods. Sprinkler irrigation is anticipated to hold the largest market share in 2024 due to its widespread use in both agricultural and non-agricultural settings. However, drip irrigation is projected to exhibit the highest CAGR, thanks to its efficiency and cost-effectiveness in crop cultivation.

Component Breakdown and End Use

The market components include monitoring, controlling, connectivity, and software. Monitoring components are expected to lead the market share in 2024 due to their crucial role in controlling and regulating irrigation based on soil and weather conditions. In terms of end use, non-agricultural applications, such as golf courses and sports grounds, are expected to dominate, driven by the increased adoption of smart irrigation controllers in these areas.

Regional Insights and Key Players

Geographically, North America is predicted to have the largest market share in 2024, fueled by the high demand for lawn and garden equipment and the prevalence of golf courses. Conversely, Asia-Pacific is expected to experience the highest CAGR, supported by growing adoption of modern irrigation techniques and government support. Key players in the smart irrigation market include Netafim Ltd., The Toro Company, Lindsay Corporation, Rain Bird Corporation, and others.

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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