The irrigation automation market was valued at US$ 2.47 billion in 2019 and is projected to reach US$ 9.63 billion by 2027; it is expected to grow at a CAGR of 19.2% from 2020 to 2027.
The irrigation automation market is growing with the support from various country governments encouraging water and energy conservation as well as with the rising demand for food with the continuously growing population. Emerging water crisis, together with unpredictable rainfall patterns, is significantly hindering the use of conventional agricultural irrigation practices, thus propelling the use of advanced irrigation techniques for cultivation worldwide. Moreover, the integration of advanced technologies such as soil moisture-based and weather-based water management techniques boosts the adoption of irrigation automation systems.
The scarcity of freshwater resources in arid and urban regions , as well as progress in greenhouse projects, leads to enormous dependence on efficient irrigation techniques based on sensors assisting spraying and dripping irrigation automation systems. Therefore, the global irrigation automation market demand is surging rapidly and is expected to notice an exponential growth during the forecast period. Further, golf courses, residential plantation, and urban landscaping are demanding convenient and steady water supply techniques without any manual intervention, in turn, supporting the growth of the irrigation automation market.
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Impact of COVID-19 Pandemic on Irrigation Automation Market
The COVID-19 crisis is affecting the industries worldwide and the global economy is on the verge of taking the worst hit in 2020, and the impact is likely to persist in 2021 as well. The outbreak has created significant disruptions in primary industries, such as manufacturing, construction and infrastructure, energy & power, electronics & semiconductors, and automotive, among others. This has also affected the irrigation industry as the spread of virus continues to leave far-reaching impacts on the water–energy ecosystem. Moreover, fiscal constraints, lacking labor availability, and supply chain interruptions caused by travel bans are among other factors adversely limiting the water irrigation business. In addition, the manufacturing of smart irrigation systems is also getting impacted due to temporary shutdown of manufacturing facilities. Although the irrigation agencies are looking forward to continue with their operations despite the challenging scenario, small farmers are vulnerable to the challenges presented by the pandemic. In regards with the market for agricultural production & distribution systems, the irrigation sector is observing negative results. Thus, the difficulties in carrying out agriculture activities and imposition of lockdown are restraining the supply of irrigation systems worldwide, thereby affecting the overall irrigation automation market.
Companies Profiled in Irrigation Automation Market are as Follows:
- Galcon Ltd.
- Hunter Industries Inc.
- Jain Irrigation Systems Ltd.
- Lindsay Corporation
- Nelson Irrigation Corporation
- Rubicon Water
- The Toro Company
- Valmont Industries, Inc.
- WaterBit, Inc.