The Latin America smart irrigation market size is expected to reach USD 177.38 million in 2024 and is anticipated to reach USD 390.57 million by 2029, growing at a CAGR of 17.1% from 2024 to 2029.
The smart irrigation system is an automated system that provides plants with 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 costs, and less water usage.
Expanding farming operations costs, increasing government initiatives to promote water conservation, and the growing importance of increasing farm profit by utilizing automated irrigation solutions are the major factors driving the smart irrigation market. Also, the increasing need to monitor and control the water requirements of the field due to inadequate rainfall and water is 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.
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).
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