Asia Pacific Smart Irrigation Market

Asia Pacific Smart Irrigation Market Size (2024 to 2032)

Asia Pacific smart irrigation market was valued at USD 487.82 million in 2023 and is anticipated to reach USD 575.14 million in 2024 from USD 2147.26 million by 2032, growing at a CAGR of 17.9%, from 2024 to 2032.

Smart irrigation system is an automated system which provides plants the exact water when it’s required without any manual intervention. It automatically adjusts the watering schedule based on various real-time parameters including water content of the plant, wind speed, wind direction and local weather data. It has numerous advantages including environmental sustainability, reduced labor cost, and less water usage.

Market Drivers and Restraints

Expanding farming operations cost, increasing government initiatives to promote water conservation and growing importance to increase farm profit by utilizing automated irrigation solutions are the major factors driving the smart irrigation market.  Also, increasing need to monitor and control the water requirements of the field due to inadequate rainfall and water are further expected to fuel the growth of the market. However, lack of awareness regarding the potential benefits of smart irrigation solutions and high implementation cost are the restraining the growth of the market.

SEGMENTATION ANALYSIS

By Irrigation Controller

• Weather based controllers
• Sensor based controllers

By Hardware and Network Component

• Sensor
• Water/flow meter
• Smart detection system

By Application

• Agriculture
• Non-agriculture

REGION ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Asia Pacific is expected to grow at the highest CAGR due to growing interest on technology based agriculture practices and continuous focus to improve agricultural productivity.

KEY MARKET PLAYERS

Some of the prominent vendors in the smart irrigation market, include Hunter Industries, Rain Bird Corporation, Netafim, HydroPoint Data Systems, Inc., Rachio Inc., The Toro Company, Calsense, Galcon, Blossom and Green Electronics LLC (RainMachine). These are the market players that are dominating the Asia Pacific smart irrigation system market.