Albany, NY -- (SBWIRE) -- 09/28/2018 -- Smart irrigation systems have grown largely across the world as it is considered one of the most significant solution to irrigate agricultural fields. Smart irrigation systems adjust watering schedule and supply water in the field automatically as per the timing to meet specific landscape needs. These controllers notably improve outdoor water use efficiencies. When compared to traditional irrigation controllers that work on a predetermined programmed schedule and timers, smart irrigation controller is efficient enough to monitor soil condition, evaporation, weather, and plant water use to automatically alter the watering schedule as required. Moreover, smart irrigation systems and solution helps in saving and efficient utilization of water as per the need and significantly contribute in water conservation.

Smart irrigation is also been adopted in domestically such as in government parks, schoolyards, and community botanical gardens. Moreover, smart irrigation solutions has increased the farmers efficiency and decreased their dependency on favorable climate and weather conditions. Introduction of new products in the global smart irrigation market are expanding the market growth and is projected to boost the agriculture produce and transform primitive agricultural practices. In a recent report by Transparency Market Research various factors that are affecting the smart irrigation market has been analyzed. According to the study, the market is projected to rise at 13.1% CAGR between 2017 and 2026. The valuation of the market is expected to reach US$2.32 bn by the end of 2026.

As per the vendor landscape, the smart irrigation market is expected to witness high level of competition among the players. Some of the key players in the market are HydroPoint Data Systems, Netafim Ltd., Inc., Rachio Inc., Rain Bird Corporation, and The Toro Company. Companies are investing in strategic alliance and collaborations. For instance, Jain irrigation has acquired a US based, ET Water that provides irrigation technology products. With this acquisition, Jain irrigation can expand their technology product offerings.