The smart irrigation industry is revolutionizing the way water is used in agriculture, landscaping, and urban environments. In this blog post, we will delve into key statistics and insights that shed light on the growth, impact, and potential of smart irrigation technologies. Join us as we explore the data driving innovation in water conservation and sustainable practices in the smart irrigation sector.
The Latest Smart Irrigation Industry Statistics Explained
By 2020, the smart irrigation market was valued approximately at USD 1.8 billion globally.
The statistic “By 2020, the smart irrigation market was valued approximately at USD 1.8 billion globally” indicates the estimated total worth of the smart irrigation industry worldwide as of the year 2020. This value suggests the economic significance and growth potential of smart irrigation technology within the agricultural sector. The market size of USD 1.8 billion reflects the collective revenue generated by smart irrigation products and services, such as sensor-based watering systems, precision agriculture technologies, and water management software around the world. This statistic serves as a valuable insight for investors, policymakers, and industry stakeholders to understand the market’s size and potential opportunities for further development and investment in sustainable water management practices.
It is projected that by 2025, the smart irrigation industry will hit nearly USD 2.5 billion.
The statistic indicates a projected growth in the smart irrigation industry, estimating that by the year 2025, the industry’s market value will reach close to USD 2.5 billion. This growth forecast suggests a substantial increase in the adoption and implementation of smart irrigation technologies, which are designed to optimize water usage in agriculture and landscaping through automated systems and data-driven decision-making. The projected figure serves as an indicator of the industry’s potential for significant expansion in the coming years, driven by factors such as the growing awareness of water scarcity and the increasing demand for efficient and sustainable irrigation practices.
Around 68% of the global freshwater withdrawals are directed towards irrigation.
The statistic that approximately 68% of global freshwater withdrawals are used for irrigation highlights the heavy reliance of agriculture on water resources worldwide. This high proportion of water allocation to irrigation underscores the crucial role that water plays in sustaining agricultural productivity and food production. The statistic also emphasizes the significant pressure that agriculture places on freshwater supplies, which can have implications for water availability and sustainability. Efficient water management practices and technologies are essential in ensuring the sustainability of irrigation systems and the responsible use of freshwater resources to support agricultural activities and global food security.
Weather-based irrigation controllers market is expected to grow at the highest CAGR from 2020 to 2025.
The statistic “Weather-based irrigation controllers market is expected to grow at the highest CAGR from 2020 to 2025” indicates that the market for weather-based irrigation controllers, a type of smart irrigation technology that adjusts watering schedules based on real-time weather conditions, is projected to experience the highest Compound Annual Growth Rate (CAGR) compared to other segments within the irrigation industry between 2020 and 2025. This growth forecast suggests an increasing adoption of weather-based irrigation controllers by farmers, landscapers, and homeowners seeking to optimize water usage, conserve resources, and improve the efficiency of their irrigation systems. The rising awareness of sustainable water management practices and the benefits of smart irrigation technologies are likely driving this anticipated growth in the weather-based irrigation controllers market in the coming years.
Europe is estimated to be the second-largest market of smart irrigation, following North America.
The statistic indicates that Europe is projected to have the second-largest market share in smart irrigation technology, with North America leading as the largest market. This suggests that there is a significant and growing adoption of smart irrigation systems in Europe, which utilize technology to efficiently manage water usage in agricultural and landscaping practices. The demand for smart irrigation solutions in Europe is likely driven by factors such as increasing awareness of water conservation, government incentives promoting sustainable practices, and the need to optimize water resources in the face of changing climate conditions. Overall, this statistic highlights the trend towards modernizing irrigation practices to enhance both productivity and sustainability in the European market.
The Asia Pacific smart irrigation market will grow over 20% CAGR from 2020 to 2026.
This statistic indicates that the Asia Pacific smart irrigation market is projected to experience significant growth at a compound annual growth rate (CAGR) of over 20% from 2020 to 2026. This suggests a strong upward trend in the adoption and implementation of smart irrigation technologies across the Asia Pacific region, driven by factors such as increasing awareness of water conservation, changing climate patterns, and the need for more efficient agricultural practices. The robust growth forecast signifies a promising market opportunity for companies operating in the smart irrigation sector, as well as potential benefits for sustainable water management and agricultural productivity in the region.
The agriculture smart irrigation controller systems is projected to serve an opportunity of USD 647.7 million by 2021.
The statistic highlights the projected market opportunity for agriculture smart irrigation controller systems, indicating that it is estimated to reach a value of USD 647.7 million by the year 2021. This suggests a growing trend in the adoption of advanced irrigation technology within the agriculture sector, driven by factors such as increasing demand for efficient water management practices, sustainability concerns, and technological advancements. The significant market opportunity signals the potential for continued growth and investment in smart irrigation systems to enhance agricultural productivity, conserve water resources, and mitigate environmental impact in the coming years.
Smart sprinkler irrigation systems market was worth USD 442.7 million in 2020.
The statistic “Smart sprinkler irrigation systems market was worth USD 442.7 million in 2020” indicates the total valuation of the market for advanced irrigation systems that use smart technologies to optimize water usage and enhance efficiency. This figure represents the combined value of sales and revenue generated by smart sprinkler system manufacturers and providers in the year 2020. The growth of this market segment suggests a growing awareness and adoption of smart irrigation solutions in response to increasing water scarcity concerns, environmental sustainability goals, and the need for more efficient agricultural and landscaping practices. The value of USD 442.7 million reflects the economic significance of smart sprinkler systems within the broader irrigation industry and highlights the trend towards modernization and innovation in water management technologies.
Drip irrigation accounted for 39.9% of share in 2019 in irrigation systems market.
The statistic illustrates that drip irrigation technology held a significant market share of 39.9% in 2019 within the irrigation systems market. This indicates that nearly 40% of the irrigation systems used during that year were drip irrigation systems. Drip irrigation is a method of delivering water directly to the plant roots, which is known for its efficiency in water usage and effectiveness in promoting plant growth. The high market share of drip irrigation suggests a growing preference for this technology among farmers and agricultural businesses, likely driven by its ability to conserve water resources and improve crop yields.
The Middle East and Africa (MEA) smart irrigation market is expected to grow at a CAGR of 18.6% during 2020–2030.
The statistic indicates that the Middle East and Africa smart irrigation market is projected to experience a compound annual growth rate (CAGR) of 18.6% between the years 2020 and 2030. This implies a strong and steady growth trend in the adoption and implementation of smart irrigation technologies in the region over the next decade. Factors such as increasing water scarcity, a growing focus on sustainable agriculture practices, and advancements in technology are likely to drive this growth. The high CAGR suggests that the smart irrigation market in the MEA region is expected to expand significantly during the forecast period, offering opportunities for technological advancements, increased efficiency in water usage, and the development of smart solutions to address irrigation challenges in the region.
Hardware and devices are estimated to hold a larger share in the smart irrigation market in 2020.
The statistic stating that hardware and devices are estimated to hold a larger share in the smart irrigation market in 2020 suggests that physical components such as sensors, controllers, and monitoring devices are expected to play a significant role in the adoption and growth of smart irrigation systems during that year. This indicates that there is likely to be a stronger emphasis on the technology aspects of irrigation systems, as opposed to software or services, as companies and farmers increasingly recognize the value and benefits of implementing smart technologies to optimize water usage, improve efficiency, and enhance crop yields. The projected increase in market share for hardware and devices in the smart irrigation sector underscores a growing trend towards technical solutions that can address the challenges of water scarcity and agricultural sustainability.
Sales of smart irrigation have primarily been underpinned by adoption in commercial buildings.
The statistic ‘Sales of smart irrigation have primarily been underpinned by adoption in commercial buildings’ suggests that the majority of smart irrigation systems are being installed and used in commercial settings such as office buildings, shopping centers, and industrial facilities. This trend indicates that businesses are increasingly recognizing the benefits of smart irrigation technology in efficiently managing their water usage for landscaping and lawn maintenance. Commercial buildings likely have larger outdoor areas that require watering, making smart irrigation systems a practical and cost-effective solution for maintaining green spaces while conserving water. This statistic highlights the growing adoption and widespread appeal of smart irrigation technology within the commercial sector.
Public awareness campaigns encouraging water conservation are estimated to positively affect the market’s growth.
The statistic suggests that public awareness campaigns promoting water conservation have a favorable impact on the growth of the market. This implies that when awareness about the importance of water conservation is raised among the general public, it can lead to increased demand for water-saving products and services. As a result, businesses operating in the water conservation sector may experience higher revenues and growth opportunities due to the growing market interest and support for sustainable practices. Overall, the statistic indicates that public awareness campaigns play a significant role in influencing consumer behavior and market dynamics in favor of water conservation initiatives.
Latin America is projected to be the fastest-growing region in the agriculture irrigation machinery market.
This statistic indicates that Latin America is expected to experience the highest growth rate in the agriculture irrigation machinery market compared to other regions. This suggests that the demand for irrigation machinery in the agricultural sector is rising significantly in Latin America, likely driven by factors such as increasing agricultural productivity, changing weather patterns, and a shift towards more efficient and sustainable farming practices. The projection of Latin America as the fastest-growing region in this market signals potential opportunities for both domestic and international companies operating in the agriculture irrigation machinery sector to invest in and expand their presence in the region to capitalize on the growing demand for these products.
Very small Aperture Terminal (VSAT) technology is expected to witness growth at over 15% CAGR up to 2026.
The statistic indicates that the Very Small Aperture Terminal (VSAT) technology, which is utilized for satellite communication systems, is forecasted to experience a compound annual growth rate (CAGR) exceeding 15% until the year 2026. This growth projection suggests a robust expansion in the adoption and deployment of VSAT technology over the specified timeframe. Factors driving this anticipated growth may include increasing demand for high-speed internet access in remote areas, rising usage of satellite communication for businesses and organizations, and advancements in satellite technology. The projected growth rate highlights the significant potential for VSAT technology to play a pivotal role in enhancing connectivity and communication capabilities across various sectors in the coming years.
In 2019, surface irrigation technology accounted for over 30% share in the smart irrigation market.
The statistic indicates that in 2019, surface irrigation technology held a significant market share of over 30% within the smart irrigation industry. This suggests that a substantial portion of the smart irrigation market was comprised of surface irrigation systems, which involve the application of water directly to the soil surface. This high market share could be attributed to factors such as the cost-effectiveness and widespread adoption of surface irrigation technology among users in the smart irrigation sector. The statistic points towards the prominence and relevance of surface irrigation technology within the smart irrigation market landscape in 2019.
Conclusion
Smart irrigation technology is rapidly transforming the agricultural landscape by providing efficient and sustainable watering solutions. The statistics discussed in this blog post highlight the significant growth and potential of the smart irrigation industry. As adoption rates continue to rise and advancements in technology enhance productivity, we can expect to see even greater benefits for farmers, the environment, and global food security.
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