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Can Water Conservation Efforts Drive the Smart Irrigation Market to Be Worth $10.2 Billion by 2030?

user image 2024-11-08
By: Mayu14
Posted in: Information and Technology

Meticulous Research® has released a comprehensive report titled, “Smart Irrigation Market by Type (Weather-Based, Soil Moisture-Based), Component (Monitoring, Controlling, Connectivity, Software), Irrigation Type (Sprinkler, Drip, Surface, Pivot), End Use, and Geography - Global Forecast to 2030.” The report projects that the smart irrigation market will grow significantly, reaching $10.2 billion by 2030 at a CAGR of 22.4% from 2024 to 2030.
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The growth of the smart irrigation market is driven by the need for water conservation and efficiency, a surge in government policies encouraging sustainable agriculture, and a rising demand for advanced soil moisture monitoring across sectors like agriculture, landscaping, and gardening. Additionally, innovations in IoT sensors, Wi-Fi, and GPS technologies have fueled the adoption of irrigation controllers that are both weather- and sensor-based, creating numerous opportunities for market expansion.
However, high installation costs and underdeveloped water infrastructure in many regions pose significant challenges to market growth.
Meticulous Research®’s analysis segments the market into key categories, including type, component, irrigation type, end use, and geography.
Segmentation Insights:
•    Type: Soil moisture-based irrigation leads the market, attributed to cost-effectiveness, ease of use, and durability. This technology leverages real-time soil moisture data to optimize water use and promote healthy plant growth across both residential and larger landscapes.
•    Irrigation Type: Sprinkler irrigation holds the largest market share, bolstered by its application in sports fields and gardens. However, drip irrigation is set to grow rapidly due to its cost-effectiveness and potential to increase crop yields by up to 90% compared to conventional methods.
•    Component: Monitoring components dominate, driven by the deployment of sensors to monitor soil and plant conditions. This segment supports substantial water conservation.
•    End Use: Non-agricultural applications are expected to command the largest share, especially for golf courses and sports grounds, where smart irrigation controllers equipped with Wi-Fi and app management are increasingly favored.
•    Geography: North America leads the market, but Asia-Pacific is projected to witness the highest growth rate, driven by modern irrigation adoption, government support, and the need for water efficiency in agriculture.
The report highlights key players in the smart irrigation market, including industry leaders such as Netafim Ltd., The Toro Company, Lindsay Corporation, and Rain Bird Corporation.
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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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