Smart Irrigation Market, by Product Type (Weather-Based (ET) Irrigation System and Soil Moisture-Based Irrigation System), by Controller (Sensor-Based Controllers and Weather-Based Controllers), by Component (Hardware Components, Software Components, Smart Detection System, Water/Flow Meter, and Sensor), by Applications (Agricultural and Non-Agricultural), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) -Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Smart irrigation is an advanced technology, which is majorly used in agriculture. It provides the required amount of water needed for plants in a given period of time, thereby reducing water wastage and achieving healthy growth of plants. Smart irrigation is one of the best solutions for shortage of water, which is expected to be a major problem in the coming years, owing to scarcity of water reservoirs. Smart irrigation provides water to farms, as per the moisture and soil type. Furthermore, it is used to provide uniform level of water to both plain and sloppy areas, and to avoid overflow of water from these areas.

Driving factors for Smart Irrigation Market

Increasing world population is resulting in shortage of food & water, which has become a major issue across various regions. This has boosted the adoption of efficient replacement systems to preserve natural water reserves including smart irrigation systems, which is highly profitable for farming operations. Increasing use of upgraded technologies such as IOT devices and cloud computing in agriculture field drives growth of smart irrigation market. This is due to the Internet of Things (IoT) technology and solutions that are used to attain improved operational efficiency, maximized yield, and minimum wastage by using real-time field data collection and data analysis. For instance, according to Coherent Market Insights’ analysis, 20.25 billion was invested on IoT units for agriculture sector in 2017 worldwide, which was 17.50 billion in 2016. Moreover, government initiatives to promote water conservation and use of smart irrigation system in agriculture sector is fueling growth of the smart irrigation market. For instance, the government of India aims to improve groundwater harvesting and build water conservation and storage mechanisms through Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

However, lack of awareness of advanced technologies in smart irrigation and high cost associated with installation and maintenance are major restraints affecting growth of the smart irrigation market. Other factors that are expected to hinder the market growth include excessive leakage in smart irrigation that might lead to formation of ponds, which then becomes a dwelling place for insects and mosquitoes, excessive leakage resulting in reduction of temperature, which makes the local area damp, and lack of availability of skilled workforce for the operation of smart irrigation system.

Regional analysis of Smart Irrigation Market

On the basis of region, the global smart irrigation market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds the largest market share in the global smart irrigation system, owing to the presence of leading manufacturers of controllers, which are used in smart irrigation systems in the region. Furthermore, North America focusses on the use of water conservation solutions for which supportive infrastructure development is being done in smart irrigation system.

Asia Pacific is expected to exhibit growth in the global smart irrigation market over the forecast period due to increasing use of smart irrigation technology in agriculture field to meet the growing demand for food in the region. For instance, according to a report by the Asian Development Bank (ADB), agriculture sector in Asia Pacific needs to produce around 60% more food globally by 2050, to cater to the requirement of food for increasing population.

Key players in Global Smart Irrigation Market

Key players operating in the global smart irrigation market include Hydropoint Data System, Rain Bird Corporation, Hunter Industries , Galcon, Weathermatic, Rachio, the Toro Company, Calsense, Netafim, Baseline Inc., Aqua Spy, Libelium,  and Aquacell Systems.

Smart Irrigation Market Taxonomy

On the basis of Product Type, the global smart irrigation market is segmented into:

  • Weather-Based (ET) Irrigation System
  • Soil Moisture-Based Irrigation System

On the basis of controller, the global smart irrigation market is segmented into:

  • Sensor-Based Controllers
  • Weather-Based Controllers

On the basis of components, the global smart irrigation market is segmented into:

  • Hardware Components
  • Software Components
  • Smart Detection System/Network Element
  • Water/Flow Meter
  • Sensor
  • Fertigation Sensor
  • Flow Sensor
  • Rain/Freeze Sensor
  • Soil Moisture Sensor
  • Temperature Sensor
  • Wind Sensor

On the basis of applications, the global smart irrigation market is segmented into:

  • Agriculture
  • Open Field
  • Greenhouse
  • Non-Agriculture
  • Residential
  • Golf-Courses
  • Turf and Landscape
  • Others

On the basis of region, the global smart irrigation market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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