PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339100
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339100
The global irrigation controllers market size is expected to reach USD 3,737.88 million by 2032, according to a new study by Polaris Market Research. The report "Irrigation Controllers Market Share, Size, Trends, Industry Analysis Report, By Type (Weather-Based, and Sensor-Based); By Irrigation Type; By Product; By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
With a growing global population and rising food demand, smart farming technology use is anticipated to accelerate that is boosting the demand for smart technology-based irrigation controllers. Due to the limited supply of natural resources like fresh water and arable land, smart irrigation controllers are also more important in order to increase productivity, boost agricultural output, and satisfy the ongoing need for food. This adoption can be attributed to remote monitoring and the expanding use of smart technologies and infrastructures in developing countries as a result of the increased use of 5G networks.
In a similar vein, one of the key factors anticipated to favorably influence the market for irrigation controllers during the forecast period is the expanding availability of advanced features in irrigation systems and the growing adoption of automated monitoring systems in the agriculture sector. Due to a decline in the number of agricultural workers, Internet connectivity solutions are being used in farming operations in more and more nations throughout the world.
Smart irrigation controllers assist farmers in making financial savings by lowering labor costs, preserving the environment, and lowering the excessive cost of water usage. For instance, in October 2022, The City of Sugar Land recently stated the beginning of its program for discounted irrigation controllers. Rachio 3 Smart Controllers dynamically modify the watering schedule based on the particular requirements of the yard, localized weather data, and more, to only apply water when necessary. For worry-free watering, the smart controller will maximize schedule effectiveness with capabilities like rain skip and seasonal shift. The increased use of smart irrigation controllers for automatic scheduling irrigation in commercial and residential buildings, landscaping, and agriculture is also anticipated to contribute to the expansion of the global market's revenue.
Additionally, increased expenditures in agriculture technology R&D and growing application and use of contemporary technologies to enhance the efficacy of conventional irrigation systems are likely to propel market revenue growth over the forecast period. In February 2022, Calsense introduced IMaaS, or Irrigation Management as a Service. Irrigation management as a service, or IMaaS, essentially provides a distinctive and extremely useful method of irrigation management that frees users from having to acquire capital funding to purchase smart irrigation controllers, sensors, and software. This support is boosting the growth of the market over the forecast period.
The sensor-based segment is anticipated to grow at a higher CAGR during the forecast period owing to the adoption of technology across the verticals.
Tap timers segment accounted for major global revenue share which is accelerated because of its simplicity in installation, water-saving features, and user-friendly interface.
The Drip Irrigation sector is expected to hold a significant market share over the forecast period due to it uses the least amount of water and is the most economical method for growing food crops.
North America is expected to grow at a highest CAGR over the projected period on account of the widespread adoption of smart irrigation controllers in golf courses, large farming operations, and residential landscaping.
The global players include: Calisen Group, Lindsay Corporation, Netafim, Rain Bird, Toro Company & Valmont Industries.
Polaris Market Research has segmented the Irrigation Controllers market report based on type, irrigation type, application, product, and region: