USD 1.19 billion
Report ID:
SQMIG20H2031 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
92
|Figures:
76
Irrigation Controllers Market size was valued at USD 1.19 billion in 2019 and is poised to grow from USD 1.36 billion in 2023 to USD 3.75 billion by 2031, growing at a CAGR of 14.7% in the forecast period (2024-2031).
A controller is a necessary instrument for an irrigation system that is used to apply water in the appropriate amount and at the appropriate time to sustain agricultural productivity and achieve the high efficiency required for water, energy, and chemical needs. Mechanical and electromechanical irrigation timers are both types of irrigation controls. These devices include sophisticated computer-based systems that allow for exact control of water, electricity, and chemicals while responding to environmental changes and crop development stages. The market is being pushed by the growing need for water discussion as well as the increased usage of contemporary farming practices. Furthermore, fast growth in the lawn and garden equipment business is likely to drive up need for irrigation controllers.
The increasing adoption of higher water usage efficiency, combined with a new generation of tech-savvy farmers seeking smart irrigation solutions to reduce water consumption, is likely to fuel market growth.
Wireless technology advancements, such as incorporating Wi-Fi or cloud-based systems in plant canopy and soil moisture sensors to receive real-time data on field conditions, as well as utilizing GPS for central pivot or linear move machine movement tracking, are expected to drive product demand in the coming years.
US Irrigation Controllers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.19 billion
Largest Segment
Sprinkler Irrigation
Fastest Growth
Sprinkler Irrigation
Growth Rate
14.7% CAGR
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The global irrigation controllers market is segmented based on product, irrigation type, application, and region. Based on product, the Irrigation Controllers market is segmented into Smart Controllers (Weather-based Irrigation Controllers, Soil Moisture-based Controllers), Tap Timers, Basic Controllers. Based on irrigation type, the Irrigation Controllers market is segmented into Sprinkler Irrigation, Drip Irrigation. Based on application, the Irrigation Controllers market is segmented into Non-Agriculture (Residential, Sports Grounds/Golf Courses, Others), Agricultural Fields and Greenhouses. Based on region, the Irrigation Controllers market is categorized into North America, Europe, Asia-Pacific, and MEA.
Irrigation Controllers Market Analysis by Irrigation Type
In 2021, the Sprinkler irrigation segment dominated the global Irrigation Controllers market, accounting for more than 40% of total revenue. Sprinkler irrigation controllers aid in displacing water over long distances, hence improving water usage efficiency.
The drip irrigation segment is expected to grow at a CAGR of 15.9% during the forecast period due to its suitability for food crop production due to its low cost and water consumption ability. In addition, the growing demand for watering technologies in lawns and sports fields is encouraging the use of drip systems.
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North America is predicted to account for the largest share of the irrigation controllers market in 2021, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. However, Asia-Pacific is predicted to expand the fastest throughout the projection period. Strong government support, rapid population growth, an increasing need to improve crop productivity and minimize water waste, increased awareness among farmers about the benefits of irrigation controllers, and an increased need to reduce water waste are all factors contributing to the region's rapid growth.
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Irrigation Controllers Market Driver
Irrigation water management is one of the most critical aspects of lawn and garden maintenance. Traditional methods squander a large amount of water owing to evaporation and runoff during lawn and garden irrigation. The usage of irrigation controllers can dramatically reduce such waste. Household water consumption has increased dramatically in the summer as lawns and gardens require more water for irrigation. The United States, for example, has a large area under lawns and gardens. However, according to the Environmental Protection Agency of the United States, more than half of the water used outdoors in the United States is wasted owing to poor watering practices and irrigation control systems. Because of the water sensitivity of lawns and gardens, water management is critical to avoiding overwatering and ensuring plant survival through the use of advanced irrigation systems such as irrigation controllers. Furthermore, smart irrigation systems for lawns and gardens help to reduce water waste and watering time.
Irrigation Controllers Market Restraint
High debt, poor cash flow, diminished competitiveness, low investor confidence in the sector, and margin pressure have damaged farmers' ability to invest in irrigation equipment as a result of agribusiness's fragmented structure, with less than 20% of firms to trust. This has reduced farmers' ability to purchase high-tech productivity-enhancing gadgets, stifling market expansion.
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The global irrigation controllers market is highly fragmented, with a huge number of small and medium-sized businesses accounting for a sizable portion of the market. The trend is further bolstered by consumer adoption of smart irrigation solutions, as well as an increase in R&D spending to develop novel products with cheap costs and an easy-to-use interface.
Industry companies rely heavily on dealership networks to distribute irrigation controllers to end users in Europe and Asia Pacific. Given the greater geographic coverage necessary in these locations, distributors can strengthen their regional presence by creating and maintaining critical relationships with clients, resulting in high product sales.
Irrigation Controllers Market Top Player’s Company Profiles
Irrigation Controllers Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, worldwide use of processed foods has expanded substantially in recent decades. The expanding global population is a major contributor to this growth. According to the United Nations Department of Economic and Social Affairs, the world population reached 7.3 billion in 2015 and is expected to reach 9.7 billion by 2050. As a result, consumers in urban areas have a much broader selection and better food availability than those in rural areas. This urbanization trend adds significantly to higher living standards and rising incomes, which in turn has a stronger impact on the affordability of processed food products. As a result, food processors are constantly seeking and experimenting with novel processing and preservation procedures using technologically advanced equipment, fueling the global adoption of Irrigation Controllers.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.19 billion |
Market size value in 2031 | USD 3.75 billion |
Growth Rate | 14.7% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Irrigation Controllers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Irrigation Controllers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Irrigation Controllers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Irrigation Controllers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Irrigation Controllers Market size was valued at USD 1.19 billion in 2019 and is poised to grow from USD 1.36 billion in 2023 to USD 3.75 billion by 2031, growing at a CAGR of 14.7% in the forecast period (2024-2031).
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Report ID: SQMIG20H2031
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