Irrigation Controllers Market Worth 1,458.1 Million USD by 2023Published On: July 16, 2018
Meticulous Research® – leading global market research company published a research report titled “Irrigation Controller Market by Type (Smart Irrigation Controller, Tap Timer, Basic Controllers), Irrigation Type (Sprinkler Irrigation/Sprinkler, Drip Irrigation), and Application (Non-Agricultural and Agriculture)- Global Opportunity Analysis and Industry Forecast (2018–2023)”
According to this latest publication from Meticulous Research®, the global irrigation controllers market is expected to grow at a CAGR 16% from 2018 to 2023 to reach USD 1,458.1 million by 2023, driven by factors such as growing adoption of modern agriculture techniques, increasing demand for lawn and garden equipment, and increasing government initiatives to promote water conservation. However, declining farm income and high installation cost hamper the growth of the market to some extent.
The global irrigation controllers market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023- by type (smart controller, tap timer, basic controllers), irrigation type (sprinkler, drip), and application (non-agriculture, agriculture). The study also evaluates industry competitors and analyzes the market at a regional and country level.
Smart controllers held a significant share in global irrigation controllers market in 2017, mainly due to their higher adoption in the advanced countries and growing demand in developing countries owing to their variety of advantages over the traditional or basic irrigation controllers. In addition, factors such as rapid population growth, growing food and water scarcity, increase in awareness among farmers about the benefits of smart irrigation, and government promotions and investments are also augmenting the growth of the smart irrigation controllers market.
Browse in-depth Report on: https://www.meticulousresearch.com/product/irrigation-controllers-market/
Sprinkler irrigation method held the major share in global irrigation controllers market in 2017; however, drip irrigation method is set to be an emerging and rapidly growing irrigation technique during the forecast period due to increasing global fruits cultivation area and rising adoption of the closed field agriculture..
Non agriculture application segment commanded the largest share in global market in 2017, which is mainly attributed to presence of large number of golf courses & sports grounds, especially in developed countries and higher adoption of irrigation controllers to ensure the adequate water supply for golf courses and sports grounds. Moreover, in non-agriculture irrigation controllers market, golf courses and sports grounds held largest share in 2017. However, residential application is expected to see fastest growth, boosted by the growing need of minimizing water wastages at indoor and outdoor landscapes and swimming pools.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Russia, Italy, Spain, and RoE), Asia Pacific (China, Japan, Australia, India, and RoAPAC), Latin America (Brazil, Argentina, and RoLATAM), and Middle East & Africa. North America captured a significant share in global irrigation controllers market in 2017. Factors such as increased automation in agriculture & adoption of advanced irrigation control systems; rising need to conserve water and reduce water stress; innovation in communication systems; presence of large number of lawn, gardens, sport grounds and golf courses; and government initiatives in micro irrigation supports the greater consumption of irrigation controllers in this region. However, Asia Pacific is expected to register highest CAGR during the forecast period. Rising adoption of modern irrigation techniques in countries such as China, Japan, Australia, and India; and constant government financial assistance supports the fastest growth in this region.
The global irrigation controllers market is highly competitive and fragmented with the presence of several key companies. Some of the key players contributing to the growth of the global irrigation controllers market include Hunter Industries Incorporated (U.S.), Rain Bird Corporation (U.S.), The Toro Company (U.S.), Valmont Industries, Inc (U.S.), Calsense (U.S.), Galcon (Israel), Nelson Irrigation Corporation (U.S.), Weathermatic (U.S.), Hydropoint Data Systems, Inc. (U.S.), Signature Control Systems, Inc. (U.S.), Storm Industries, Inc. (U.S.), Tucor, Inc. (U.S.), Orbit Irrigation Products, Inc. (U.S.), Holman Industries (Australia), Rachio Inc. (U.S.), Baccara Geva A.C.S. Ltd. (Israel), Mottech Water Solutions Ltd. (Israel), Lindsay Corporation (U.S.), and Netafim Limited (Israel).
Key questions answered in the report-
- Which are the high growth market segments in terms of irrigation controllers type, irrigation method type, application, and region/countries?
- What was the historical market for irrigation controllers across the globe?
- What are the market forecasts and estimates for the period 2018-2023?
- What are the major drivers, restraints, opportunities, and challenges in the global irrigation controllers market?
- Who are the major players in the global irrigation controllers market?
- How is the competitive landscape and who are the market leaders in the global irrigation controllers market?
- What are the recent developments in the global irrigation controllers market?
- What are the different strategies adopted by the major players in the global irrigation controllers market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global irrigation controllers market and how do they compete with the global players?
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