The global smart irrigation systems are expected to grow at a CAGR of 15.2% and are expected to reach a market size of US$ 1,025.8 by 2023. Smart irrigation systems alter watering schedules and run-times automatically to meet the needs of a specific landscape. These systems significantly improve outdoor water use efficacies. For instance, the smart irrigation system schedules water as rainfall decreases or the outdoor temperature increases. It also considers certain variables like sprinklers application rate, soil types, and many more, in order to alter water runtimes or schedules. There are several options for smart irrigation systems, but the sensor-based smart irrigation system is the most preferred one.
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Key Developments/Recent News:
July 2018: HydroPoint Data Systems announced the launch of the WeatherTRAK LC smart irrigation controller. This is created specifically to meet the needs of the light commercial market; the new smart irrigation system delivers the power of cloud-based smart irrigation at an affordable price.
May 2018: Rachio Inc. announced a new smart sprinkler controller with 5ghz wifi support. It will comprise a new flow meter that allows the sprinkler controller to know precisely how much water it’s putting out and detect leaks in the sprinkler system. If a leak is detected, the sprinkler controller would shut off the water.
The global smart irrigation systems market is witnessing growth, owing to the increasing use of irrigation drones. Drones are equipped with thermal sensors, which allow them to categorize the parts of the field that are dry and require water. Farmers using the smart irrigation system can water the identified areas, thus ensuring uniform distribution of water across the field. The use of drones in agricultural fields allows farmers to detect any kind of leaks and outflows in the irrigation system and poor performance areas. Moreover, the use of smart irrigation systems with the help of drones is anticipated to alter the agricultural procedure to a more well-organized and effective one, letting farmers to track their land and property at all times.
Company Profiles & Competitive Intelligence:
The major players operating in the global smart irrigation systems are Telsco Industries Inc., Rain Bird Corporation, HydroPoint Data Systems, Netafim Ltd., Inc., The Toro Company, Rachio Inc., Galcon Ltd., Orbit Irrigation Products Inc., Hunter Industries Inc., and Valmont Industries, Inc., among others.
The major players operating in the smart irrigation systems market are focusing on new product development, product launches, and several other strategies such as mergers and acquisitions, in order to grab the attention of a greater number of customers. For instance, automatic supply named Hunter Industries exclusive golf irrigation distributor for Indiana and western Kentucky. This partnership is anticipated to provide high-quality golf irrigation products, assisted by technical support, local knowledge, and a passion for the golf industry. Companies such as Rain Bird Corporation, Valmont Industries Inc., HydroPoint Data Systems, Inc., among others, offer several smart irrigation systems products and they focus on continuous product innovations, in order to stay competitive in the market.
Key Questions Answered
• What is the market value of the overall smart irrigation systems market and segments?
• What are the key segments and sub-segments in the market?
• Which is the largest sub-segment in each segment in the scope of the study?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value at the regional and the country level?
• Who are the key market players and their key competitors?
• Who are the key market players at different stages of the value chain?
• What are the strategies for growth adopted by the key players in the market?