USD 4.07 billion
Report ID:
SQMIG30H2102 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
60
|Figures:
75
Global Irrigation Automation Market size was valued at USD 4.07 billion in 2022 and is poised to grow from USD 4.76 billion in 2023 to USD 16.59 billion by 2031, growing at a CAGR of 16.9% in the forecast period (2024-2031).
The global market is expected to witness a significant surge in demand due to the increased instances of water scarcity and the shifting trend towards mechanization of agricultural processes. The conventional methods of agrarian irrigation are being hampered by unpredictable rainfall patterns and a rise in water crisis, creating a need for the use of advanced irrigation techniques in cultivation globally. Automation of irrigation systems has become increasingly popular in recent years due to its ability to operate with minimal or no manual intervention, resulting in reduced water wastage, labor expenses, and constant monitoring. The integration of feedback-based approaches into automated systems has enabled more efficient handling of resources than traditional irrigation systems. Automatic irrigation systems require the integration of hardware components, such as sensors, controllers, valves, sprinklers, and other components, to build an automated system for both agricultural and non-agricultural applications. Governments worldwide are taking initiatives to promote water conservation and support the installation of irrigation automation systems due to the rising issues of water scarcity. For example, the Australian government has recently announced the On-farm Irrigation Efficiency Program (OFIEP) to improve the productivity and efficiency of on-farm irrigation water use and management. The program provides support to individual irrigators in changing irrigation practices and enhancing irrigation infrastructure to save water. In addition, the Government of Western Australia has offered rebates to residential customers for weather automated and smart irrigation products, which will help them save water. Such initiatives are expected to drive the market for advanced irrigation techniques, particularly in irrigated areas, which are further distributed into small segments termed as irrigation blocks. These segments are watered in sequence to match the discharge available from the water source.
US Irrigation Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.07 billion
Largest Segment
Sprinkler Irrigation
Fastest Growth
Sprinkler Irrigation
Growth Rate
16.9% CAGR
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The Global Irrigation Automation market is segmented by type, end-user, and region. Based on type, the market can be segmented into sprinkler irrigation, and drip irrigation. Based on end-user, the market is segmented into agricultural farms, and golf courses. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Irrigation Automation Market Analysis by Type
By type, the market can be segmented into sprinkler irrigation and drip irrigation. Sprinkler irrigation is a widely used method in the agriculture sector, which involves spraying water over crops using sprinklers. The segment dominated the global market, owing to the increasing adoption of this method in various crops, such as wheat, corn, and soybean. Additionally, the ease of installation and operation of sprinkler irrigation systems compared to other irrigation methods is driving the growth of the segment.
Drip irrigation is a more water-efficient method that delivers water directly to the roots of the plants. This method is gaining popularity among farmers due to its high efficiency and low water consumption, resulting in improved crop yields. The segment is expected to witness the fastest growth during the forecast period, driven by the increasing adoption of drip irrigation in countries facing water scarcity, such as India and Israel.
Irrigation Automation Market Analysis by End-User
By end-user, the market can be segmented into agricultural farms and golf courses. Agricultural farms dominated the irrigation automation market. The agriculture sector is the largest consumer of water globally, and there is a growing demand for efficient irrigation systems to improve crop yields and conserve water resources. The adoption of irrigation automation systems in agricultural farms is driven by factors such as the need for better crop management, reduced labor costs, and improved irrigation efficiency. Additionally, government initiatives promoting sustainable agriculture practices are also driving the growth of this segment.
Golf courses are the fastest-growing end-user segment in the irrigation automation market. The need to maintain lush green landscapes and the increasing demand for golf as a recreational sport is driving the growth of this segment. Irrigation automation systems help golf course managers to efficiently manage irrigation schedules, reduce water usage, and maintain the aesthetics of the course. Furthermore, the adoption of smart irrigation technology in golf courses is also gaining popularity, which helps to optimize irrigation schedules and conserve water resources.
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North America dominated the global irrigation automation market due to the presence of a well-established agricultural sector and a high adoption rate of advanced irrigation systems. The demand for irrigation automation systems is driven by the need to minimize water wastage, reduce labor costs, and improve irrigation efficiency. The increasing instances of water scarcity and the growing trend towards mechanization of agricultural processes are also driving the demand for advanced irrigation techniques in North America.
In terms of the fastest-growing market, APAC is expected to grow at a significant rate due to the increasing demand for food and water conservation in the region. China dominates the market in this region due to its large population and extensive agricultural sector. The rising population, coupled with the decreasing arable land, has led to an increasing need for advanced irrigation techniques in the region. The government of China has also taken initiatives to promote water conservation and support the installation of irrigation automation systems, which is expected to further drive the market growth in the region.
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Irrigation Automation Market Drivers
Increasing instances of water scarcity and unpredictable rainfall patterns
Irrigation Automation Market Restraints
High initial cost associated with the installation and maintenance
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The global irrigation automation market is highly fragmented due to the presence of several regional and international players. These players compete based on product quality, pricing, brand reputation, and distribution channels. The market is characterized by the presence of several large and small players, which results in intense competition. Moreover, players are investing heavily in research and development activities to introduce innovative and technologically advanced products to gain a competitive edge in the market. Collaboration, mergers and acquisitions, and partnerships are other strategies adopted by players to expand their market reach and strengthen their market position.
Irrigation Automation Market Top Player’s Company Profiles
Irrigation Automation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global irrigation automation market analysis, the market is growing rapidly due to increasing instances of water scarcity and the need to improve irrigation efficiency. The market is characterized by the adoption of advanced irrigation techniques, such as precision irrigation, which provides real-time data on soil moisture levels, weather patterns, and crop requirements, enabling farmers to optimize water usage and improve crop yields. The market is highly fragmented, with the presence of several regional and international players competing based on product quality, pricing, brand reputation, and distribution channels. Collaboration, mergers and acquisitions, and partnerships are other strategies adopted by players to expand their market reach and strengthen their market position.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.07 billion |
Market size value in 2031 | USD 16.59 billion |
Growth Rate | 16.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Irrigation Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Irrigation Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Irrigation Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Irrigation Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30H2102
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