Smart irrigation market to grow at 13.22% CAGR, reaching $4.86 billion by 2032

From GlobeNewswire: 2025-01-24 08:00:00

The Smart Irrigation Market was valued at USD 1.59 billion in 2023 and is projected to reach USD 4.86 billion by 2032, growing at a CAGR of 13.22% from 2024-2032.

The global smart irrigation market is rapidly expanding due to the adoption of precision agriculture technologies to address water scarcity and inefficiencies in traditional irrigation systems. Smart irrigation systems, powered by IoT and AI, optimize water usage, enhance crop productivity, and promote sustainability.

Leading market players in the smart irrigation industry include The Toro Company, Rain Bird Corporation, Netafim, and Hunter Industries Inc. among others, offering a range of products like sprinkler systems, controllers, drip irrigation systems, and smart irrigation controllers.

Sensor-based systems dominate the smart irrigation market, accounting for around 61% of the market share, due to their ability to provide real-time data for optimized water usage and resource conservation.

The agriculture segment leads the smart irrigation market, driven by the need for efficient water use in crop cultivation, with smart irrigation systems helping farmers optimize water usage and improve yields while conserving resources.

North America holds a dominant share of the smart irrigation market, driven by technological advancements and a focus on sustainable water management, while Asia-Pacific is expected to be the fastest-growing region from 2024-2032.

Recent developments in the smart irrigation market include Conserva Irrigation being recognized as Toro’s 2024 Water Smart Partner of the Year for its dedication to water conservation and Netafim’s drip irrigation reducing water use and Global Warming Potential in potato farming. The Smart Irrigation Market Growth & Outlook Report for 2024-2032 provides insights on adoption rates, unit sales, water savings, sensor technology, and regulatory impact. The report includes a competitive landscape analysis, market segmentation by component and application, regional analysis, company profiles, and use cases. For more information, visit https://www.snsinsider.com/reports/smart-irrigation-market-3380. Contact [email protected] for customization requests. SNS Insider offers market research and consulting services globally to help clients navigate changing market conditions with confidence.



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