Smart Irrigation Systems Market by Technology and Geography - Forecast and Analysis 2021-2025

Published: Sep 2021 Pages: 120 SKU: IRTNTR71028

The smart irrigation systems market has the potential to grow by USD 1.07 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 13.65%.

This smart irrigation systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (soil moisture-based controller and weather-based controller) and geography (North America, Europe, APAC, South America, and MEA). The smart irrigation systems market report also offers information on several market vendors, including Banyan Water Inc., Galcon Bakarim Agricultural Cooperative Society Ltd., GREEN ELECTRONICS LLC, Hunter Industries Inc, HydroPoint Data Systems Inc., Netafim Ltd., Rachio Inc., Rain Bird Corp., The Toro Co., and Weathermatic among others.

What will the Smart Irrigation Systems Market Size be in 2021?

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Smart Irrigation Systems Market: Key Drivers and Trends

The growing focus on optimal water use and advances in irrigation systems is notably driving the smart irrigation systems market growth, although factors such as lack of electricity supply and appropriate infrastructure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart irrigation systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the smart irrigation systems market is the growing focus on optimal water use and the advances made in irrigation systems.
  • Farmers are inclining toward smart irrigation systems that use equipment such as sensors, flow meters, controllers, and valves to avoid crop wastage and improve harvest efficiency.
  • Water wastage and the contamination of water with fertilizers and other enzymes in the agricultural field are factors that have led to the adoption of smart irrigation systems by both the agriculture and non-agriculture sectors.
  • Vendors in the market are developing products to help reduce the wastage of water during the irrigation process.
  • The increasing consumer awareness about water-efficient lawn maintenance systems is another major factor supporting the smart irrigation systems market share growth.
  • Consumers have shown increased interest in maintaining lawns in the backyards of residential buildings as a well-manicured lawn can help mitigate climate change by removing carbon dioxide from the atmosphere.
  • A well-manicured lawn requires an optimum amount of water evenly distributed across the lawn area.
  • The major advantage of installing a smart automatic irrigation system is that it saves a lot of water.
  • Equipment such as flow meters, sensors, and valves in smart irrigation systems help reduce water costs by keeping track of the amount of water sprinkled, prevents uneven watering, and keeps lawns healthy.

This smart irrigation systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Smart Irrigation Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Banyan Water Inc.
  • Galcon Bakarim Agricultural Cooperative Society Ltd.
  • GREEN ELECTRONICS LLC
  • Hunter Industries Inc
  • HydroPoint Data Systems Inc.
  • Netafim Ltd.
  • Rachio Inc.
  • Rain Bird Corp.
  • The Toro Co.
  • Weathermatic

 

This statistical study of the smart irrigation systems market encompasses successful business strategies deployed by the key vendors. The smart irrigation systems market is fragmented and the vendors are deploying growth strategies such as focusing on developing high-quality and innovative products for smart irrigation systems to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart irrigation systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Smart Irrigation Systems Market?

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31% of the market's growth will originate from North America during the forecast period. The US is the key market for smart irrigation systems in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Smart Irrigation Systems Market?

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The smart irrigation systems market share growth by the soil moisture-based controller segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart irrigation systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Irrigation Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 13.65%

Market growth 2021-2025

$ 1.07 billion

Market structure

Fragmented

YoY growth (%)

13.07

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 31%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Banyan Water Inc., Galcon Bakarim Agricultural Cooperative Society Ltd., GREEN ELECTRONICS LLC, Hunter Industries Inc, HydroPoint Data Systems Inc., Netafim Ltd., Rachio Inc., Rain Bird Corp., The Toro Co., and Weathermatic

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Smart Irrigation Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart irrigation systems market growth during the next five years
  • Precise estimation of the smart irrigation systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart irrigation systems industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart irrigation systems market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Soil moisture-based controller - Market size and forecast 2020-2025
    • Weather-based controller - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Banyan Water Inc.
      • Galcon Bakarim Agricultural Cooperative Society Ltd.
      • GREEN ELECTRONICS LLC
      • Hunter Industries Inc
      • HydroPoint Data Systems Inc.
      • Netafim Ltd.
      • Rachio Inc.
      • Rain Bird Corp.
      • The Toro Co.
      • Weathermatic

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis