PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301820
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301820
Global smart irrigation controllers market is rapidly growing due to the increasing need for water conservation and efficient irrigation practices, coupled with the rising adoption of smart technologies in agriculture.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global smart irrigation controllers market size at USD 345.87 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global smart irrigation controllers market size to grow at a robust CAGR of 14.55% reaching a value of USD 889.67 million by 2029. Significant changes have been observed in the market for smart irrigation controllers during the past few years. The need for smart irrigation controllers has increased as a result of the increased emphasis on sustainable water management and the expanding use of smart technologies in agriculture. These controllers optimize irrigation practices, leading to water saving and increased crop yields. They do this by utilizing innovative sensors, weather information, and automated techniques. Irrigation systems may now be remotely monitored and controlled due to a development in the integration of the Internet of Things (IoT) and cloud-based platforms in the market. Also, the demand for optimal water use and the move towards precision agriculture have propelled the growth of the smart irrigation controller market internationally.
Smart irrigation controllers are advanced devices designed to optimize water usage in landscaping and agricultural irrigation systems. They leverage sensors, weather data, and internet connectivity to automate and enhance the irrigation process. These controllers monitor various factors, such as soil moisture levels, rainfall, temperature, and evapotranspiration rates, to determine the precise irrigation needs of plants. By analyzing this data in real-time, smart irrigation controllers adjust watering schedules, duration, and frequency, ensuring efficient water usage and minimizing waste. They provide remote access through mobile apps, allowing users to monitor and control their irrigation systems from anywhere, further enhancing convenience and water conservation efforts.
The COVID-19 pandemic significantly impacted the global smart irrigation controllers market. With the outbreak leading to disruptions in the supply chain and economic uncertainty, the market experienced a slowdown in growth. The closure of manufacturing facilities, restricted trade, and reduced consumer spending affected the demand for smart irrigation controllers. However, the crisis also highlighted the importance of efficient water management in agriculture and landscaping, driving the adoption of smart irrigation technologies. As governments and businesses increasingly prioritize sustainable practices, the market is expected to recover and witness growth in the post-pandemic era. Innovations and technological advancements in smart irrigation systems present promising opportunities for the market's resurgence.
On the basis of end use, the global smart irrigation controllers market is bifurcated into Agriculture Industry and Non-Agriculture Industry segments. The non-agriculture industry segment dominates the market share. Due to the rise in demand for turfs from the residential construction sector, which has been favorably impacted by the shift to high-density living along with an increase in the DIY household lawn market, the product demand in the non-agricultural segment is projected to grow rapidly during the forecast period. As a result of the emerging nations' extensive use of agriculture and the consequent rise in the use of irrigation controllers in this area, it is expected that demand for irrigation controllers in the agricultural sector would record growth at a significant CAGR. Also, the interest in using sugarcane as a raw material has increased due to the rising demand for ethanol, which has further boosted the growth of the irrigation controllers market during the forecast period.
Global smart irrigation controllers market is fiercely competitive. Major companies in the market include Rain Bird Corporation, The Toro Company, Hunter Industries, Netafim Ltd., Rachio Inc., Weathermatic, HydroPoint Data Systems Inc., Galcon Ltd., Calsense, Skydrop, WeatherTRAK (Lindsay Corporation), Blossom, GreenIQ, Orbit Irrigation Products, Inc., and RainMachine. Companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global smart irrigation controllers market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Smart Irrigation Controllers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Smart Irrigation Controllers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.