North America Smart Irrigation Market Size More Than Double at Robust CAGR of 14.71% to Reach USD 556 Million by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the North America smart irrigation market size at USD 213.81 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects North America smart irrigation market size to grow at a significant CAGR of 14.71% reaching a value of USD 555.69 million by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the North America smart irrigation market size at USD 213.81 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects North America smart irrigation market size to grow at a significant CAGR of 14.71% reaching a value of USD 555.69 million by 2029. An increase in the governments’ programs and legislations to support water conservation and farming, as well as a rise in wireless sensor-integrated irrigation sprinklers and dripping systems in the North American region, are the primary reasons driving the smart irrigation industry. Also, factors like the area's continually expanding population and shrinking arable land, which leads to an increase in the use of intelligent irrigation systems, support market growth. Large investments in agricultural projects and an increase in disposable income would open up several chances for regional market expansion.
North America Smart Irrigation Market – Overview
Smart irrigation systems are a critical component of precision agriculture, as they combine advanced technologies. The technologies help to adjust the watering schedule automatically by monitoring weather, soil conditions, and plant water use. These systems are used in agriculture, golf courses, and private residences. Smart irrigation technologies, like traditional irrigation technologies, use a pre-programmed schedule and timers. Controllers and sensors are the building blocks of smart irrigation technologies. There are two types of controllers: climate-based controllers and soil moisture controllers. Soil moisture, rain freeze, and wind sensors are examples of sensors. One of the advantages of smart irrigation technology is that it reduces water waste while also providing a healthy and appealing landscape.
Impact of COVID-19 on 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 – By Application
North America's smart irrigation market by application is segmented into Agricultural, Greenhouses, Open-fields, Non-Agricultural, Residential, and others. Agriculture and related industries are expected to be the fastest-growing application segments. Farmers and agriculturalists, in particular, are opting for smart irrigation systems, which are critical to enhancing water consumption.
North America smart irrigation market is highly competitive. Major players in the market include Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Skydrop. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the North America Smart Irrigation Market.
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