Meticulous Research® recently published a detailed report, Smart Irrigation Market by Type, Component, Irrigation Type, End Use, and Geography—Global Forecast to 2030.’ According to the report, the global smart irrigation market is poised to reach $10.2 billion by 2030, growing at a CAGR of 22.4% from 2024 to 2030. This growth is driven by factors such as the increasing demand for efficient water management solutions, governmental support for sustainable farming practices, and the adoption of soil moisture monitoring technology across multiple sectors, including agriculture, landscaping, and gardening.
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Barriers to Growth
However, high installation costs and a lack of water infrastructure in certain regions are limiting the market’s potential, particularly in developing countries. These challenges continue to affect the widespread adoption of smart irrigation systems despite growing awareness of their benefits.
Market Breakdown by Type
The market is divided into weather-based and soil moisture-based irrigation systems. In 2024, soil moisture-based systems are expected to dominate the market, offering advantages such as continuous soil monitoring, ease of use, and long-lasting performance. These systems allow for precise irrigation scheduling based on soil moisture data, which promotes water conservation and healthier plant growth.
