PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1264058
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1264058
North America Smart Irrigation Market - By Component ; By System Type ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
North America Smart Irrigation Market Size More Than Double at Robust CAGR of 14.71% to Reach USD 556 Million by 2029
North America smart irrigation market is flourishing owing to the increasing use of modern technology and the extension of 5G network for remote monitoring.
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.
Competitive Landscape
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.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Smart Irrigation Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Smart Irrigation Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. North America Smart Irrigation Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Mechanization and Automation in Agriculture Industry
- 3.2.1.2. Decreasing Cost of Components
- 3.2.1.3. Growing Initiative for Water Conservation
- 3.2.2. Restraints
- 3.2.2.1. Lack of Standardization
- 3.2.3. Opportunities
- 3.2.3.1. Increase in 5G Network for Remote Monitoring
- 3.2.3.2. Growing Adoption of Modern Technologies
- 3.2.4. Challenges
- 3.2.4.1. High Initial Infrastructure Cost
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. North America Smart Irrigation Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Component
- 4.2.1.1. Controllers
- 4.2.1.2. ET-Based (Evapotranspiration)
- 4.2.1.3. Soil Sensor-Based
- 4.2.1.4. Sensors
- 4.2.1.5. Soil Moisture Sensors
- 4.2.1.6. Temperature Sensors
- 4.2.1.7. Rain/Freeze Sensors
- 4.2.1.8. Fertigation Sensors
- 4.2.1.9. Others
- 4.2.2. By System Type
- 4.2.2.1. Weather-based
- 4.2.2.2. Sensor-based
- 4.2.3. By Application
- 4.2.3.1. Agricultural
- 4.2.3.2. Greenhouses
- 4.2.3.3. Open-fields
- 4.2.3.4. Non-Agricultural
- 4.2.3.5. Residential
- 4.2.3.6. Others
- 4.2.4. By Country
- 4.2.4.1. United States
- 4.2.4.2. Canada
- 4.2.1. By Component
5. United States Smart Irrigation Market Overview
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.3. By Component
- 5.4. By System Type
- 5.5. By Application
6. Canada Smart Irrigation Market Overview
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.3. By Component
- 6.4. By System Type
- 6.5. By Application
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. North America Smart Irrigation Company Market Share Analysis, 2022
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Covid-19 on North America Smart Irrigation Market
9. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Toro Company
- 9.2. Netafim
- 9.3. Hunter Industries
- 9.4. Rain Bird Corporation
- 9.5. HydroPoint
- 9.6. Rachio
- 9.7. Banyan Water
- 9.8. Skydrop
- 9.9. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 North America Smart Irrigation Segmentation
- Figure 2 North America Smart Irrigation Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 North America Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Figure 5 North America Smart Irrigation Market Share, By Component, By Value, 2019-2029
- Figure 6 North America Smart Irrigation Market Share, By System Type, By Value, 2019-2029
- Figure 7 North America Smart Irrigation Market Share, By Application, By Value, 2019-2029
- Figure 8 North America Smart Irrigation Market Share, By Country, By Value, 2019-2029
- Figure 9 United States Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Figure 10 United States Smart Irrigation Market Share, By Component, By Value, 2019-2029
- Figure 11 United States Smart Irrigation Market Share, By System Type, By Value, 2019-2029
- Figure 12 United States Smart Irrigation Market Share, By Application, By Value, 2019-2029
- Figure 13 Canada Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Figure 14 Canada Smart Irrigation Market Share, By Component, By Value, 2019-2029
- Figure 15 Canada Smart Irrigation Market Share, By System Type, By Value, 2019-2029
- Figure 16 Canada Smart Irrigation Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1 North America Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Table 2 North America Smart Irrigation Market Size, By Component, By Value, 2019-2029
- Table 3 North America Smart Irrigation Market Size, By System Type, By Value, 2019-2029
- Table 4 North America Smart Irrigation Market Size, By Application, By Value, 2019-2029
- Table 5 North America Smart Irrigation Market Size, By Country, By Value, 2019-2029
- Table 6 United States Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Table 7 United States Smart Irrigation Market Size, By Component, By Value, 2019-2029
- Table 8 United States Smart Irrigation Market Size, By System Type, By Value, 2019-2029
- Table 9 United States Smart Irrigation Market Size, By Application, By Value, 2019-2029
- Table 10 Canada Smart Irrigation Market Size, By Value (USD Million), 2019-2029
- Table 11 Canada Smart Irrigation Market Size, By Component, By Value, 2019-2029
- Table 12 Canada Smart Irrigation Market Size, By System Type, By Value, 2019-2029
- Table 13 Canada Smart Irrigation Market Size, By Application, By Value, 2019-2029
- Table 14 Toro Company Company Overview
- Table 15 Toro Company Financial Overview
- Table 16 Netafim Company Overview
- Table 17 Netafim Financial Overview
- Table 18 Hunter Industries Company Overview
- Table 19 Hunter Industries Financial Overview
- Table 20 Rain Bird Corporation Company Overview
- Table 21 Rain Bird Corporation Financial Overview
- Table 22 HydroPoint Company Overview
- Table 23 HydroPoint Financial Overview
- Table 24 Rachio Company Overview
- Table 25 Rachio Financial Overview
- Table 26 Banyan Water Company Overview
- Table 27 Banyan Water Financial Overview
- Table 28 Skydrop Company Overview
- Table 29 Skydrop Financial Overview
