North America Smart Irrigation Market Share, Revenue, Trends, Growth Strategy, Challenges, Opportunities, Key Players and Future Competition Till 2033


North America Smart Irrigation Market Share, Revenue, Trends, Growth Strategy, Challenges, Opportunities, Key Players and Future Competition Till 2033: SPER Market Research

 Category : Agriculture

 Published: Jul-2024
 Author: SPER Analyst

North America Smart Irrigation Market is projected to be worth USD 2014.62 million by 2033 and is anticipated to surge at a CAGR of 15.81%.

Smart irrigation systems are an essential component of precision agriculture since they use cutting-edge technology. These assist in changing the watering schedule automatically by monitoring weather, soil conditions, and plant water consumption. These systems are used in agricultural settings, golf courses, and individual homes. Smart irrigation solutions, like traditional watering technology, rely on preprogrammed schedules and timers. Controllers and sensors are the foundation of smart irrigation technologies. There are two types of controllers: climate-based and soil moisture controllers. Examples of sensors include soil moisture, rain freeze, and wind sensors.

North America Smart Irrigation Market Driving Factors and Challenges

Driving Factors- The North American smart irrigation sector is being driven by a growing demand for efficient water management and conservation technologies. With growing concerns about water shortages and environmental sustainability, there is a significant need for smart irrigation systems that can maximise water utilisation while minimising wastage. Furthermore, government initiatives and legislation that promote sustainable irrigation methods are propelling the business ahead. These programmes encourage the adoption of smart irrigation technology, which improve crop output and save water. Furthermore, technological breakthroughs such as the Internet of Things (IoT) and data analytics are improving irrigation system efficiency, driving market growth.

Challenges- Smart irrigation systems present several issues, one of which is their high initial installation and maintenance costs. Some end users, especially small farms and landscaping businesses, may find these costs to be prohibitive. The lack of knowledge and comprehension among potential customers on the advantages of smart irrigation is another barrier. Expanding the market will need educating people and increasing knowledge of the advantages of these technologies. A smooth operation and adoption may also be hampered by problems with interoperability and integration of different smart irrigation components.

Impact of COVID-19 on North America Smart Irrigation Market
The COVID-19 epidemic had a major impact on the North American smart irrigation business. Following the outbreak of the new coronavirus, numerous governments in the region imposed severe lockdown measures, causing supply chain disruptions and lowered demand for smart irrigation systems. Many significant agricultural projects, which are key drivers of the smart irrigation business, were paused, resulting in delayed installations and fewer sales. Consequently, the COVID-19 epidemic hampered the growth of the North American smart irrigation market in 2020 and 2021. However, the pandemic emphasised the necessity of smart irrigation systems in conserving water and reducing human touch, resulting in increasing business interest.

North America Smart Irrigation Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Orbit Irrigation Products LLC, HydroPoint, The Toro Company, Rain Bird Corporation, Rachio inc, NETAFIM, Galcon, Weathermatic, HUNTER INDUSTRIES, Banyan Water, Inc, Stevens Water Monitoring Systems Inc, Valmont Industries, Inc, The Scotts Company LLC, AquaSpy, Soil Scout Oy, Jain Irrigation, Inc, among others.

North America Smart Irrigation Market Segmentation:

By Component: Based on the Component, North America Smart Irrigation Market is segmented as; Controllers, Sensors.

By System Type: Based on the System Type, North America Smart Irrigation Market is segmented as; Weather-based, Sensor-based.

By Application: Based on the Application, North America Smart Irrigation Market is segmented as; Agricultural, Greenhouses, Open Fields, Non-Agricultural, Residential, Others.

By Region: This research also includes data for Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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