FEATURED COMPANIES
- Calsense
- Holman Industries
- Lindsay Corporation
- Rachio, Inc.
- TevaTronic LTD
- Valmont Industries, Inc.
Key Questions Answered in this Report:
- What is the global smart irrigation controllers market size in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024?
- What is the expected growth and market size for the smart irrigation controllers market based on different types of controllers?
- What is the revenue generated by smart irrigation controllers in different end-user industries such as agriculture and non-agriculture industry at global and regional levels?
- What is the market size and opportunities of smart irrigation controllers market across different regions?
- What are the major driving forces that are expected to increase the demand for the global smart irrigation controllers market during the forecast period?
- What are the key trends and opportunities in the market pertaining to global smart irrigation controllers?
- What are the major challenges inhibiting the growth of the global smart irrigation controllers market?
- What is the competitive strength of the key players in the smart irrigation controllers market on the basis of analyses of their recent developments, product offerings, and regional presence?
The Global Smart Irrigation Controllers Market Analysis projects the market to grow at a significant CAGR of 15.0% during the forecast period from 2019 to 2024. Increasing demand for water conservation, along with the growing adoption of smart irrigation practices are the key growth opportunities for companies in the industry. Major factors driving the growth of smart irrigation controllers include government initiatives for promoting water conservation, government providing rebates for installing smart irrigation controllers and focus on increasing farm productivity by using smart irrigation solutions.
Expert Quote
"Supported by government policies and technological developments, landscape owners, and growers across the globe are expected to increase the implementation of smart irrigation technologies. Moreover, the smart irrigation controllers market is witnessing several upcoming trends and opportunities, further propelling growth in the industry. The advent of big data analytics and advancements in communication technologies is expected to drive the market during the forecast period.”
Scope of the Global Smart Irrigation Controllers Market
The global smart irrigation controllers market research provides a detailed perspective regarding the type of controllers, end-user industry its value, and its estimation, among others. The purpose of this market analysis is to examine the smart irrigation controllers industry outlook in terms of factors driving the market, trends, developments, and investment landscape, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contributions of the key players operating in the market. The smart irrigation controllers study is a compilation of different segments including market breakdown by type of controllers, end-user industry, and region.
Market Segmentation
The smart irrigation controllers market (on the basis of type) has been segmented into weather-based and soil-based controllers. Weather-based controllers dominated the global smart irrigation controllers market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).
The smart irrigation controllers market, on the basis of end-user industry, is segmented into agriculture and non-agriculture. The non-agriculture segment dominated the global smart irrigation controllers market in 2018 and is anticipated to maintain its dominance throughout the forecast period.
The smart irrigation controllers market by region is segregated under four major sections, namely North America, Europe, Asia-Pacific, and Rest-of-the-World. Data for each of these regions is provided by end-user industry and by country.
Key Companies in the Smart Irrigation Controllers Industry
The key market players in the global smart irrigation controllers market include Valmont Industries, Lindsay Corporation, The Toro Company, Hunter Industries, Rain Bird Corporation, HydroPoint Data Systems, Netafim, Rachio Inc., Weathermatic, Green IQ, and Nelson Irrigation, among others.
Enterprise License customers will receive an Excel spreadsheet containing additional data.
FEATURED COMPANIES
- Calsense
- Holman Industries
- Lindsay Corporation
- Rachio, Inc.
- TevaTronic LTD
- Valmont Industries, Inc.
Executive Summary
LOADING...
FEATURED COMPANIES
- Calsense
- Holman Industries
- Lindsay Corporation
- Rachio, Inc.
- TevaTronic LTD
- Valmont Industries, Inc.
According to the market intelligence report titled ‘Global Smart Irrigation Controllers Market - Analysis and Forecast, 2019-2024’, the smart irrigation controllers market was estimated at $207.6 million in 2018 and is expected to reach $480.19 million by 2024. The market is projected to witness the compound annual growth rate of 15% during the forecast period from 2019 to 2024. The market growth is largely attributed to the increasing demand for water conservation, smart agricultural practices, and demand for precision agriculture across the globe.
With the introduction of IoT, the agriculture industry is undergoing a revolution in the coming years. The integration of sensors in traditional irrigation controllers has led to a proper analysis of a large amount of weather and soil data. With the help of software to provide landscape owners and growers with information to manage the water demand and the corresponding schedules. Earlier, the use of smart irrigation controllers was limited; however, with rapid advancements in technology, the applications of smart irrigation controllers have gradually increased.
Additionally, the use of smart irrigation was only prevalent in developed countries. However, developing countries have also realized their importance. In countries such as China and India, the wide-scale use of smart irrigation controllers has led to the rapid adoption of smart irrigation solutions. The governments of several countries have realized the need and advantages of these technologies, and thus, their initiatives to promote smart irrigation is expected to further drive the growth in the market.
According to Rakhi Tanwar, Principal Analyst, “Initiatives are taken by the various governments to promote water conservation across the globe, increase in the farming operational cost coupled with the growing demand of smart irrigation solutions to enhance farm productivity, are the factors supporting the growth of smart irrigation controllers. Smart agriculture solutions such as smart irrigation can help in achieving this demand by optimizing agricultural practices, minimizing waste, conserving water, and providing timely agricultural advisory”.
The result of the emerging strategies and developments are already surging the market in the form of product launches and developments since 2016. The majority of the companies preferred entering into mergers and acquisitions to enhance their presence, while the relatively less adoptive strategies comprised business expansions, and partnerships, collaborations, and joint ventures. For instance, in March 2019, Rain Bird Corporation launched a new DIY in-ground sprinkler with click-n-go hose connect. In March 2018, Rachio Inc., a smart sprinkler company delivering easy-to-use technology to improve residential irrigation efficiency, launched Rachio 3 Smart Sprinkler Controller and Rachio 3 Wireless Flow Meter in its water management product portfolio.
This report is a meticulous compilation of research on more than 100 players in the smart irrigation controllers ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 40 leading companies, market participants, and vendors. The report also profiles 20+ leading companies across the supply chain. Key profiles include Valmont Industries, Lindsay Corporation, The Toro Company, Hunter Industries, Rain Bird Corporation, HydroPoint Data Systems, Netafim, Rachio Inc., Weathermatic, Green IQ, and Nelson Irrigation, among others.
Key Questions Answered in the Report:
- What is the global smart irrigation controllers market size in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024?
- What are the major driving forces that are expected to increase the demand for the market during the forecast period?
- What are the key trends and opportunities influencing the growth of the market?
- What are the major challenges inhibiting the growth of the global smart irrigation controllers market?
- How much revenue is expected to be generated by different segments of the market during the forecast period from 2019-2024, on the basis of type, including weather-based controllers and soil-based controllers end-user Industry including agriculture and non-agriculture industry region, including North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (ROW)
- What is the competitive strength of the key players in the smart irrigation controllers market on the basis of analyses of their recent developments, product offerings, and regional presence?
- Calsense
- Galcon Ltd.
- Holman Industries
- Hunter Industries
- HydroPoint Data Systems, Inc.
- K-Rain Manufacturing Corporation
- Lindsay Corporation
- Nelson Irrigation Corporation
- Netafim
- Rachio, Inc.
- Rain Bird Corporation
- TevaTronic LTD
- The Toro Company
- Valmont Industries, Inc.
- Weathermatic
-
LOADING...
