Smart Irrigation Market worth $1,755.1 million by 2023 – Report by MarketsandMarkets™

October 18 15:50 2018
Smart Irrigation Market by System Type (Weather-Based, Sensor-Based), Application (Smart Greenhouse, Open Field, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Geography – Global Forecast to 2023

According to the new market research report on the “Smart Irrigation Market by System Type (Weather-Based, Sensor-Based), Application (Smart Greenhouse, Open Field, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Geography – Global Forecast to 2023″, published by MarketsandMarketsTM, the report aims at Smart irrigation system automatically adjusts the watering schedule based on various parameters, such as plant water content, soil moisture content, wind speed, wind direction, and local weather data. It offers several benefits, such as environmental sustainability, reduced labor cost, and less water usage.

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The report describes drivers, restraints, opportunities, and challenges governing the growth of the smart irrigation market. The report also includes critical market data and qualitative information for each type, along with qualitative analysis, such as value chain analysis, market ranking analysis, and competitive situations and trends. The report targets technology providers, software and service providers, system integrators, and end-user industries of smart irrigation.

Controllers to hold largest market share during forecast period

The rapid growth of the smart irrigation market can be attributed to various factors, such as the increasing adoption of smart irrigation devices, and sensing and monitoring devices by farmers. It is also expected that the cost of smart irrigation technology will decrease in the next couple of years, mainly because of the declining prices of major hardware components. As a result, the smart irrigation market is expected to witness high growth during the forecast period.

Browse and in-depth TOC on “Smart Irrigation Market”

64 – Data Tables
41 – Figures
151 – Pages

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The report profiles key players such as The Toro Company (US), Netafim (Israel), Hunter Industries (US), Rain Bird Corporation (US), HydroPoint (US), Rachio (US), Banyan Water (US), Rain Machine (US), ET Water (US), Galcon (Israel), Weathermatic (US), Blossom (US), Skydrop (US), Delta-T Devices (UK), Calsense (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), and Rain Machine (US).

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By application, the smart irrigation market has been segmented into agricultural and nonagricultural. Nonagricultural application is expected to hold a larger market size from 2018 to 2023. The growing importance of efficient watering practices and irrigation solutions for nonagricultural applications, such as residential, turf and landscape, and golf courses, is a major reason for the larger market size of the nonagricultural application segment.

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