Automated Irrigation Systems to Revolutionize the Way We Grow Food
Market
Analysis
The Automated
Irrigation Market Size, valued at USD 3.64 billion in 2021, is expected to
undergo significant growth, projected to increase from USD 4.20 billion in 2022
to reach USD 14.6 billion by 2030. This growth signifies a robust compound
annual growth rate (CAGR) of 16.87% during the forecast period from 2022 to
2030. This market is witnessing rising demand driven by factors such as water
scarcity challenges and the increasing global demand for the mechanization of
agricultural processes.
Drivers
Smart
Irrigation Technologies to Boost Market Growth
Agriculture & landscape management are
changing as a result of the development of smart irrigation systems. By cutting
input costs, the integration of smart technology helps to increase profit
margins while using less natural resources. Monitoring of the soil conditions,
water levels, weather, and watering schedules is made easier by smart technology.
Intelligent technologies such as the IoT, artificial intelligence, &
machine learning are being incorporated into the irrigation system.
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Opportunities
Demand
for Real-time Automation to offer Robust Opportunities
The market is being driven by an increase
in demand for real-time data on temperature, rain, & weather that are
gathered by tensiometers and sensors. To determine the necessary levels of
irrigation, these automated tensiometers are utilized in combination with plant
evapotranspiration systems. Real-time automation systems consume less water
than time-based systems, making them more environmentally friendly. Therefore,
throughout the anticipated period, the aforementioned elements are anticipated
to boost segment expansion.
Restraints
and Challenges
High
cost to act as Market Restraint
The high cost of automated irrigation and
lack of data management may act as market restraints over the forecast period.
Market
Segmentation
The global automated irrigation market is
bifurcated based on components, type, application, and end users.
By components, controllers will lead the
market over the forecast period.
By type, real-time-based will domineer the
market over the forecast period.
By application, groundwater management will
spearhead the market over the forecast period.
By end users, non-agricultural will spur
the market over the forecast period.
COVID-19
Analysis
Irrigation automation producers and sellers
have been dealing with a number of manufacturing problems in the aftermath of
the current coronavirus (COVID-19) epidemic, including plant closures, a lack
of raw materials, and a lack of resources, amid others. Additionally, supply
chain across all agriculture ecosystems has been disrupted as a result of the
spread of COVID-19. The irrigation automation value chain actors have been
impacted by the slowdown in the supply of hardware equipment. The remote
irrigation operations, however, were less impacted by the pandemic since there
was less human involvement, and demand is anticipated to increase in the future
years.
Regional
Analysis
North
America to Head Automated Irrigation Market
The North American automated irrigation
market, which is estimated to reach USD 1.45 billion in 2021, will grow at a
13.00% CAGR throughout the course of the research period because more and more
measures are being taken by the government to promote the use of irrigation
systems & water conservation within the area. For example, the EPA has
published three updated Water sense requirements for professional certification
programs that address the installation, design, maintenance, & system
auditing of irrigation systems. The major objective was to raise public
awareness about water conservation and the use of environmentally friendly
irrigation techniques.
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Key
Players
Eminent industry players profiled in the
global automated irrigation market report include The Toro Company (US), Hunter
Industries (US), Valmont Industries Inc. (US), Rain Bird Corporation (US),
Netafim (Israel), Rubicon Water (US), Nelson Irrigation Corporation (US), Jain
Irrigation Systems (India), Irritec S.p.A. (US), and Stevens Water Monitoring
Systems Inc. (US).
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