The global irrigation controllers market size was estimated at USD 770.6 million in 2018 and is expected to register a CAGR of 15.2% over the forecast period. The rising adoption of improved water use efficiencies coupled with the new generation of tech-savvy farmers looking for smart irrigation solutions to decrease water consumption is primarily expected to drive market growth.
Global Irrigation Controllers Industry 2019 Market Research Report
In terms of irrigation type segmentation, the market is categorized into sprinkler and drip irrigation. Sprinkler irrigation controllers are anticipated to contribute 42.9% of the revenue share in 2018 as they help in displacing water over large distances resulting in improving water consumption efficiency.
The demand for irrigation controllers in the agricultural segment is anticipated to witness a CAGR of 14.1% as the emerging economies practice agriculture at a large scale resulting in increasing the adoption of irrigation controllers in this region. Besides, the rising demand for ethanol has generated interest in using sugarcane as a raw material, which has further surged the irrigation controllers market growth over the forecast period.
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global irrigation controllers market report based on product, irrigation type, application, and region:
The Global Smart Irrigation Controllers Market size was valued at USD 256.5 Million in 2019 and is forecasted to reach USD 732.7 Million by 2027 at a CAGR of 14.9%. The market is mainly driven by the increasing scarcity of water in some parts of the world. Increasing government initiatives regarding water conservation have resulted in the growing need for an enhanced irrigation controller. The growing utilization of advanced technologies to enhance the efficiency of the traditional irrigation system is expected to drive the demand for smart irrigation controllers. The rising investments in the research & development of the agricultural technology sector and the growing need to develop smart irrigation solutions using the internet of things have fueled the market's growth.
Increasing global population along with rising demand for food is expected to increase the adoption of smart agricultural practices. Moreover, the limited availability of natural resources such as arable land and freshwater has resulted in the growth of the smart irrigation controller market. The declining agricultural workforce in several countries has increased the utilization of internet connectivity solutions in farming practices. The smart irrigation controllers help reduce labor costs, maintain the sustainability of the environment, and lowers the excess expenditure of water usage, which has increased its utilization in the agricultural sector. Increasing adoption of the smart irrigation controllers for automatic irrigation scheduling in commercial & residential property, landscaping, and agriculture is projected to drive the growth market. The emergence of smart cities in emerging economies is expected to increase the adoption of smart irrigation controllers. Countries facing severe weather severe conditions are most likely to increase the utilization of smart irrigation controllers with weather and soil sensors. The increasing need for crop health monitoring and technological advancements of the traditional irrigation system to obtain higher crop yield and enhancement of farm productivity is projected to fuel the industry's growth. Lack of skill sets and technical knowledge among farmers might restrain the growth of the market. Moreover, the high technological cost of the systems is expected to hamper the demand for the controllers.
The Weather-based controller segment accounted for the largest market share of Smart Irrigation Controllers in 2019 and is expected to be the fastest-growing segment over the forecast period. The increasing need to adjust the watering schedule based on local weather conditions has increased the adoption of the Weather-based controllers by the large scale commercial farms. The growing scarcity of water in some parts of the world has led to the increasing utilization of the Weather-based controllers. Increasing adoption of weather-based controllers by commercial building contractors and golf course and landscaping managers is expected to drive the demand for the system over the forecast period.
The Non-Agriculture industry segment dominated the market for Smart Irrigation controllers in 2019. The non-agricultural applications such as Golf Courses, Residential, and Sports ground, Turf & Landscapes, Forestry are increasingly adopting efficient irrigation solutions and effective watering practices, which is driving the growth of the smart irrigation controller industry. The commercial and residential land contractors embrace the automated irrigation system, such as smart irrigation controllers, compared to conventional controllers based on time.
North America accounted for the largest market share of the Smart Irrigation Controllers Market in 2019. The factors driving the region's growth are the extensive usage of the smart irrigation controllers in the large commercial farms, golf courses, and residential landscapes. The technologically advanced farming system of the region has resulted in the growing adoption of advanced irrigation systems and IoT related equipment such as weather-based and sensor-based irrigation controllers.
The Asia Pacific region is forecasted to be the fastest-growing region over the forecast period due to the increasing government initiatives regarding water conservation. Besides, governments are also providing subsidy, trade policies, and favorable initiatives to increase the usage of smart irrigation controllers across various agricultural sectors. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices. The increasing investments and emergence of new startups in the region are driving market growth.
This report forecasts revenue growth at a global, regional & country level and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as:
Growth/Marketing Strategy: The global smart irrigation controllers market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been product launches to strengthen their position in the smart irrigation controllers market. For instance, in February 2022, Calsense launched Irrigation Management in terms of a Service, or IMaaS. IMaaS basically represents a unique also highly valuable approach to irrigation management, where it eliminates the need for customers mainly to secure capital funds to buy smart irrigation controllers, sensors as well as software.
Competitive Strategy: Key players in the global smart irrigation controllers market analyzed and profiled in the study involve smart irrigation controller manufacturers that provide different types of smart controllers for several uses. Moreover, a detailed competitive benchmarking of the players operating in the global smart irrigation controllers market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The global smart irrigation controllers market was valued at $588.47 million in 2021, which is expected to grow with a CAGR of 13.98% and reach $1,280.81 million by 2027. The growth in the global smart irrigation controllers market is expected to be driven by the increasing adoption of smart agriculture practices and government initiatives toward sustainable irrigation techniques.
The smart irrigation controllers market is in the introductory growth phase. Increased research and development activities in agriculture, rising awareness of tech-based farming, climatic change, and water scarcity in many countries are expected to increase the demand for smart irrigation controllers among the farmers and agriculture companies.
The COVID-19 impact on the smart irrigation market was witnessed in the short term in 2020 and in 2021. However, the market is anticipated to witness robust growth and recovery with increasing demand for installation of the IoT devices in the agricultural farms throughout the world to make optimum utilization of resources with limited labor requirements in the agriculture fields. Therefore, the demand for smart irrigation controllers in agri and non-agri sectors is expected to increase during and post-COVID-19 pandemic.
The smart irrigation controllers market (by type) is dominated by weather-based irrigation controllers followed by soil-based irrigation controllers. Soil-based irrigation controllers are expected to witness the highest CAGR of 15.18% during the forecast period because sensors installed help in getting real-time soil moisture data at a faster rate depending upon the irrigation requirements. Soil-based controllers are better than weather-based controllers because they do not depend on weather forecasts or the data from the weather stations.
The Asia-Pacific region is the fastest-growing market in the smart irrigation controllers industry. The rapid change in the climatic conditions, increasing government support, and increasing the need for saving water are the factors supporting the growth of smart irrigation controllers in the region.
According to Aparajita Borah, Senior Research Associate, BIS Research, The smart irrigation controllers market is expected to be a great replacement of conventional irrigation controllers. Through a better adoption of these smart irrigation controllers, agriculture can be taken to an advanced level. Issues such as climate change and water scarcity can also be addressed, which will offer proper food security." 2ff7e9595c
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