Report Overview

An increasing focus on water conservation, decreasing component costs, and growing mechanization and automation in the agricultural industry could boost the growth of North America smart irrigation market during the forecast period between 2023 and 2029.

North America Smart Irrigation Market - Industry Trends & Forecast Report, 2029

North America smart irrigation market size was estimated at USD 213.81 million in 2022. During the forecast period between 2023 and 2029, North America smart irrigation market size is expected to grow at a CAGR of 14.71% reaching a value of USD 555.69 million by 2029. The main factors driving the smart irrigation market include an increase in government initiatives and policies to promote water conservation and farming, as well as growth in wireless sensors integrated irrigation sprinklers and dripping systems in the American region. Also, the region's ever-growing population and diminishing arable land, which results in increased use of smart irrigation systems bolster market growth. Increased disposable income and large investments in agricultural projects would provide numerous opportunities for regional market growth.

North America Smart Irrigation Market - Overview

Smart irrigation systems combine advanced technology and are a critical component of precision agriculture. These assist in automatically adjusting the watering schedule by monitoring weather, soil conditions, and plant water use. These systems are used in agriculture, golf courses, and homes. Also, smart irrigation technologies differ from traditional irrigation technologies in that they use a pre-programmed schedule and timers. Smart irrigation technologies are made up of controllers and sensors. The controllers are divided into two types: climate-based controllers and soil moisture controllers. Sensors, on the other hand, include soil moisture, rain freeze, and wind sensors. One of the benefits of smart irrigation technology is that it helps to eliminate water waste while also providing a healthy and attractive landscape.

Growth Drivers

Advanced Features in Smart Irrigation Systems

Smart irrigation systems are used in agriculture, golf courses, and other industries. IoT-enabled smart irrigation systems aid in water level detection by automatically irrigating the water based on the moisture level in the soil, as well as keeping track of the land condition. The increased demand for IoT and cloud technology is attributed to the increased demand for smart irrigation, which drives market growth.

Restraints

High Initial Investments and Ongoing Costs

The smart irrigation system includes IoT technology, an automotive system, and sensors. This raises the price. Also, the installation and maintenance costs of these systems are prohibitively expensive. These factors have a significant impact on the growth of the smart irrigation market.

Impact of COVID-19 on the North America Smart Irrigation Market

The COVID-19 pandemic had a significant impact on the North America smart irrigation market. With the outbreak of the novel coronavirus, several countries in the region implemented strict lockdown measures, leading to disruptions in the supply chain and decreased demand for smart irrigation systems. Many large agricultural projects, which are key drivers of the smart irrigation market, were put on hold, leading to delayed installations and lower sales. Hence, the COVID-19 pandemic slowed the growth of the North America smart irrigation market in 2020 and 2021. However, the pandemic also highlighted the importance of smart irrigation systems in ensuring efficient water use and reducing human contact, leading to increased interest in the market. As a result, companies in the smart irrigation market have been adapting to the changing circumstances, with many focusing on remote monitoring and control capabilities, to cater to the needs of consumers during the pandemic.

North America Smart Irrigation Market

Segmental Coverage

North America Smart Irrigation Market - By Component

On basis of component, North America smart irrigation market is divided into Controllers, ET-Based (Evapotranspiration), Soil Sensor-Based, Sensors, Soil Moisture Sensors, Temperature Sensors, Rain/Freeze Sensors, Fertigation Sensors, and other segments. Among them, the sensors segment is forecast to grow at the fastest CAGR. Growth is mostly attributable to sensor-based automated farming systems that combine real-time data on humidity, rain, moisture, nutrient capacity, and the ideal temperature need to increase farm productivity. Because they do not rely on weather predictions or data from weather stations, sensor-based systems are also superior to weather-based ones.

North America Smart Irrigation Market - By System Type

On basis of the system type, North America smart irrigation market is split into Weather-based and Sensor-based systems segments.

North America Smart Irrigation Market - By Application

On basis of application, North America smart irrigation market is divided into Agriculture, Greenhouses, Open-fields, Non-Agricultural, Residential, and other segments. The fastest-growing application segments are expected to be in agriculture and associated industries. Farmers and agriculturalists in particular are choosing smart irrigation systems which are crucial to maximizing water usage. To fulfill future food demand and keep prices from rising, contemporary agriculture must increasingly enhance productivity.

North America Smart Irrigation Market - By Country

The report on North America smart irrigation market covers the region’s major countries: United States and Canada. Although Canada is expected to experience the strongest growth shortly, the United States now dominates the industry. The market is expanding as a consequence of factors like the area's expanding population and decreasing amount of arable land, which leads to a larger use of smart irrigation systems. Elevated levels of disposable income and sizable expenditures in agricultural projects also favorably affect regional market expansion. The region's market share is also increased by major technology breakthroughs and the presence of leading smart irrigation system suppliers. Leading smart irrigation system markets with major investments in technology development are the United States and Canada.

Competitive Landscape

Major players in the North America smart irrigation market are Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Skydrop. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In July 2020 - NETAFIM formed a partnership with Sentek’s Industry to strengthen NETAFIM’s digital farming capabilities as Sentek’s Industry is known for its soil sensor technology. The partnership helps in developing products with end-to-end cloud-based automation capabilities and provides control solutions. Both companies benefited mutually from this partnership which helped them to expand their markets.

Scope of the Report

By Component

• • Controllers

  • ET-Based (Evapotranspiration)

  • Soil Sensor-Based

  • Sensors

  • Soil Moisture Sensors

  • Temperature Sensors

  • Rain/Freeze Sensors

  • Fertigation Sensors

  • Others

By System Type

• • Weather-based

  • Sensor-based

By Application

• • Agricultural

  • Greenhouses

  • Open Fields

  • Non-Agricultural

  • Residential

  • Others

By Country

• • United States

  • Canada