Smart Irrigation Market

Date: 2016-05

With the impact that global warming is having across the world in terms of droughts in some places and devastating floods in others, there is an urgent need to have effective irrigation systems in place. The ever-increasing global population is putting a lot of pressure on the agriculture industry. There is also a need for effective management of resources such as water and land.

Smart irrigation is one solution to deal with the aforementioned problems. Smart irrigation is basically a combination of different techniques and technologies. A variety of sensors that monitor parameters such as temperature, soil moisture, humidity, rain and so on are an essential part of smart irrigation. Apart from the critical applications of smart irrigation, this technology is also being incorporated for residential use along with commercial setups such as parks, golf courses, landscapping, among others. While this market is driven by very strong factors, there are, as is always the case, several factors inhibiting the growth of the smart irrigation market. Lack of awareness in the developing countries and the high initial investment required are some hurdles that need to be overcome.

The smart irrigation market is expected to experience a healthy double-digit growth rate and cross the $1 billion mark by 2022.

Smart Irrigation Market

The Smart Irrigation market can be segmented on the basis of type of sensors as

Rain Sensor Flow Sensor, Wind Sensor, Temperature Sensor, Humidity Sensor, Soil Moisture Sensor and Others

Amongst all the possible application areas for smart irrigation, agriculture, being the most critical, will account for the maximum share of the overall market during the forecast period. In terms of applications, the Smart Irrigation market has been segmented across the following

Agriculture, Greenhouses, Golf Courses, Parks, Residential, Landscapping and Others

North America currently accounts for the largest share of the smart irrigation market, with Europe coming second. Governments in the developed world are investing significant amount of funds in R&D efforts for smart irrigation. However, with the population explosion that is happening in the Asia Pacific region, it will exhibit the highest growth rate during the forecast period covered in this report. The market has been segmented based on the following geographies

North America, South America, APAC, Europe, Middle East and Africa

Following are just a few of the companies that are operating in the smart irrigation market

Calsense, Baseline Inc., Rain Bird Corporation, Galcon and Rachio Inc.

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