Irrigation is the artificial application of water to the soil to aid agricultural processes. Irrigation automation involves the use of advanced automated technologies and precision tools to optimize irrigation processes. It helps manage water application based on crop needs and soil conditions. Irrigation automation equipment includes controllers, sensors, valves, and sprinklers. Controllers allow remote monitoring and management of irrigation systems while sensors measure soil moisture, rain, wind and other parameters. Automated valves and sprinklers then ensure water is distributed uniformly and as per requirement.
The Global Irrigation Automation Market is estimated to be valued at US$ 4.8 Billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024-2031. Precision agriculture and the need for optimal resource utilization are driving the demand for irrigation automation solutions. Automation helps save water and fertilizer usage through informed decision making. It also ensures uniform water distribution for higher yields. The market is witnessing significant investments in research towards advanced sensors, controllers and water management software.
Key Takeaways
Key players: The key players operating in the Irrigation Automation Market include The Toro Company, Hunter Industries, Valmont Industries Inc., Rain Bird Corporation, Jain Irrigation Systems.
Growing demand: Rapidly depleting natural resources and rising population have increased the need for sustainable agricultural practices. Automation allows up to 30-50% water savings through optimized irrigation cycles based on hyperlocal soil conditions. This is driving robust adoption across farms.
Global expansion: Leading manufacturers are expanding their global footprint through partnerships and acquisitions. For instance, in 2021, Hunter Industries acquired Irrimote to enter wireless irrigation controls. Similarly, Rain Bird increased its presence in Africa and Middle East through new distributor tie-ups. This is helping address the rising irrigation automation demand worldwide.
Market Key Trends
Integration of IoT and AI is a key trend in irrigation automation. Advanced sensors combined with IoT and cloud are enabling remote monitoring and data-driven water management. AI algorithms also help analyze field conditions in real-time to customize irrigation for maximum yields. Manufacturers are focusing on solution development around IoT and AI to make irrigation systems smarter. This will define the next phase of evolution in this space.
Porter's Analysis
Threat of new entrants: New entrants face significant investment requirement in establishing distribution and service network.
Bargaining power of buyers: Many buyers in agricultural sector have bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute components.
Threat of new substitutes: Threat of new substitutes is moderate as switching cost is involved for buyers in adopting new technology.
Competitive rivalry: Market is fragmented with presence of global as well as regional players.
Geographical Regions
North America accounts for the largest share of the irrigation automation market in terms of value owing to large scale use of irrigation automation systems in farms and greenhouses. The United States is the major revenue generating country in the region.
Asia Pacific is expected to grow at the fastest rate over the forecast period. Rapid growth of agriculture sector, increasing focus on water conservation and government initiatives to modernize agriculture are major factors driving the irrigation automation market in emerging economies such as China and India.
What Are The Key Data Covered In This Irrigation Automation Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Irrigation Automation 's growth between 2024 and 2031.
:- Accurate calculation of the size of the Irrigation Automation and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Irrigation Automation Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Irrigation Automation vendors
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it