Global Automated Irrigation Market Outlook
Automated Irrigation Market, valued at USD 3.64 billion in 2021, is poised for significant growth, projected to rise from USD 4.20 billion in 2022 to reach USD 14.6 billion by 2030. This substantial expansion indicates a robust compound annual growth rate (CAGR) of 16.87% during the forecast period from 2022 to 2030. The driving factors behind this market growth include challenges related to water scarcity and the increasing global demand for the mechanization of agricultural processes.
Drivers
Smart Irrigation Technologies to Boost Market Growth: The development of smart irrigation systems is transforming agriculture and landscape management. Integrating smart technology helps increase profit margins by reducing input costs and utilizing fewer natural resources. Monitoring soil conditions, water levels, weather, and watering schedules becomes more efficient with smart technology. Intelligent technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning are being incorporated into irrigation systems.
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Opportunities
Demand for Real-time Automation to offer Robust Opportunities: The market is driven by the growing demand for real-time data on temperature, rain, and weather collected by tensiometers and sensors. Automated tensiometers, in combination with plant evapotranspiration systems, are used to determine the required levels of irrigation. Real-time automation systems consume less water than time-based systems, making them more environmentally friendly. These elements are expected to boost segment expansion throughout the anticipated period.
Restraints and Challenges
High Cost to act as Market Restraint: The high cost of automated irrigation and lack of data management may pose challenges to market growth over the forecast period.
Market Segmentation
The global automated irrigation market share is categorized based on components, type, application, and end-users.
- By Components: Controllers will lead the market over the forecast period.
- By Type: Real-time-based systems will dominate the market.
- By Application: Groundwater management will spearhead market growth.
- By End Users: Non-agricultural applications will spur market expansion.
COVID-19 Analysis
Irrigation automation producers and sellers have faced various manufacturing challenges in the wake of the COVID-19 pandemic, including plant closures, a lack of raw materials, and resource shortages. The pandemic has disrupted supply chains across all agriculture ecosystems. Despite these challenges, remote irrigation operations were less impacted, as they involve less human involvement, and demand is expected to increase in the future.
Regional Analysis
North America to Head Automated Irrigation Market: The North American automated irrigation market, estimated to reach USD 1.45 billion in 2021, is projected to grow at a 13.00% CAGR. Government initiatives promoting the use of irrigation systems and water conservation in the region contribute to this growth. For example, the EPA has updated WaterSense requirements to address irrigation system installation, design, maintenance, and auditing. The objective is to raise awareness about water conservation and environmentally friendly irrigation techniques.
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