Global Automated Irrigation Market Overview
The Automated Irrigation Market, valued at USD 3.64 billion in 2021, is poised for substantial growth, projected to escalate from USD 4.20 billion in 2022 to a staggering USD 14.6 billion by 2030. This surge reflects a robust Compound Annual Growth Rate (CAGR) of 16.87% from 2022 to 2030, driven by escalating demand attributable to water scarcity challenges and the global push for agricultural process mechanization. The adoption of Smart Irrigation Technologies is a major growth driver, transforming agriculture and landscape management. Integration of smart technology not only cuts input costs but also enhances profit margins while utilizing fewer natural resources. Technologies such as the Internet of Things (IoT), artificial intelligence, and machine learning are seamlessly integrated into irrigation systems, simplifying monitoring of soil conditions, water levels, weather patterns, and watering schedules.
The market presents opportunities fueled by the increasing demand for real-time automation, providing robust data on temperature, rain, and weather through tensiometers and sensors. The use of automated tensiometers, combined with plant evapotranspiration systems, aids in determining optimal irrigation levels. Real-time automation systems prove to be environmentally friendly, consuming less water compared to time-based systems. However, the market faces restraints and challenges, with the high cost of automated irrigation and inadequate data management posing obstacles throughout the forecast period.
The global automated irrigation market outlook is segmented based on components, type, application, and end-users. Controllers are anticipated to lead the market, with real-time-based systems dominating and groundwater management spearheading the application segment. Non-agricultural end-users are expected to drive market growth. The COVID-19 analysis highlights the challenges faced by irrigation automation producers due to plant closures, raw material shortages, and disruptions in the supply chain. However, remote irrigation operations were less impacted, and future demand is expected to increase.
In terms of regional analysis, North America is projected to lead the Automated Irrigation Market, with an estimated value of USD 1.45 billion in 2021 and a 13.00% CAGR throughout the research period. Government initiatives in the region, such as updated WaterSense requirements by the EPA, contribute to the growth by promoting irrigation system use and water conservation. The market is populated by key players like The Toro Company, Hunter Industries, Valmont Industries Inc., Rain Bird Corporation, Netafim, Rubicon Water, Nelson Irrigation Corporation, Jain Irrigation Systems, Irritec S.p.A., and Stevens Water Monitoring Systems Inc.
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