PUBLISHER: The Business Research Company | PRODUCT CODE: 1409549
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409549
“Irrigation Controller For Agriculture Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on irrigation controller for agriculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for irrigation controller for agriculture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The irrigation controller for agriculture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
An irrigation controller is a device designed to use programmed information to initiate and, equally importantly, terminate irrigation. It serves as a fundamental tool for delivering water in precise quantities and at appropriate times to support agricultural productivity, promoting high levels of efficiency in water, energy, and chemical usage.
The main types of irrigation controllers for agriculture include weather-based controllers and sensor-based controllers. A weather-based irrigation controller is a device that gauges the evapotranspiration of plants using weather information. It is employed to automatically adjust the irrigation schedule to provide plants with the precise amount of water they require. Different types of irrigation methods, such as sprinkler irrigation and drip irrigation, are utilized in both agricultural and non-agricultural applications.
The irrigation controller for agriculture market research report is one of a series of new reports from The Business Research Company that provides irrigation controller for agriculture market statistics, including irrigation controller for agriculture industry global market size, regional shares, competitors with an irrigation controller for agriculture market share, detailed irrigation controller for agriculture market segments, market trends, and opportunities, and any further data you may need to thrive in the irrigation controller for agriculture industry. This irrigation controller for agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The irrigation controller for agriculture market size has grown strongly in recent years. It will grow from $1.24 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth observed in the historical period can be attributed to water conservation initiatives, a shift towards precision agriculture practices, government incentives, the increasing sizes of farms, and growing environmental concerns. These factors have collectively contributed to the adoption and expansion of irrigation controllers in the agricultural sector during the historic period.
The irrigation controller for agriculture market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be attributed to the integration of AI and machine learning technologies, efforts for climate change adaptation, the increasing demand for remote monitoring and control solutions, government support for sustainable agriculture practices, and a continued emphasis on water conservation. Major trends expected in the forecast period include the adoption of wireless connectivity in irrigation controllers, integration of smart sensors, data-driven decision-making processes, a shift towards automated systems, and the implementation of precision irrigation techniques.
The increasing emphasis on water conservation is poised to drive the growth of the irrigation controller market for agriculture. Water conservation involves safeguarding, managing, and developing water resources, including surface and groundwater, while also focusing on pollution prevention. Agricultural irrigation controllers play a pivotal role in reducing water usage through advanced technologies and networking tools that monitor, analyze, and manage water use. Notably, the water conservation report 2021 from Sydney Water Corporation highlights a $1 million investment in 14 new water conservation projects, incorporating robotics, analytics, reclaimed water, and water literacy and efficiency. Similarly, the United States Environmental Protection Agency achieved a 43.5% reduction in water consumption compared to fiscal year 2007 in fiscal year 2021, emphasizing water projects and sustained efforts to manage water resources. Consequently, the growing commitment to water conservation is a driving force behind the expansion of the irrigation controller for the agriculture market.
The upward trend in labor prices is expected to propel the growth of the agriculture irrigation controller market. Labor prices encompass the costs associated with hiring and compensating labor for their work. The adoption of irrigation controllers in agriculture serves to mitigate the impact of increasing labor prices by enhancing efficiency, reducing labor dependency, optimizing resource usage, and improving overall farm productivity and sustainability. In August 2023, the United States Department of Agriculture reported a 7.9% increase in the average hourly wage for agricultural managers in 2022 compared to 2021, reaching $27.57. Therefore, the surge in labor prices is a significant driver behind the growth of the agriculture irrigation controller market.
A key trend gaining traction in the agriculture irrigation controller market is product innovation. Major industry players are dedicated to developing innovative products to bolster their market standing. An example of this is the Toro Company's February 2022 launch of the Tempus Automation system for agricultural irrigation. This system, featuring 4G/Wi-Fi/LoRa/Bluetooth technologies, outperforms competitors in range, ease of installation, and use. The Tempus Automation controllers and measuring sensor devices, with IP68 certification for water and dust resistance, operate on a 9-volt battery, streamlining installation and maintenance compared to competitor controllers requiring individual solar panels.
Companies in the agriculture irrigation controller market are strategically focusing on product launches to drive market revenues. In April 2023, SemiosBio Technologies Inc., a Canada-based precision farming technology company, launched the nelson TWIG beta for automated irrigation control. This connectivity integrates Nelson TWIG's remote pump and valve automation control technology with Semios Water Management Tools, enabling more effective operation of irrigation systems.
In May 2021, Valmont Industries Inc., a US-based manufacturer of linear irrigation equipment, acquired Prospera Technologies Inc. for $300 million. This acquisition positioned Valmont Industries Inc. as a leading industry player and established the largest global, vertically integrated AI company in agriculture, delivering a distinctive in-season solution immediately. Prospera Technologies Inc. operates in the agriculture irrigation controller market, focusing on machine vision technologies for tracking and analyzing plant growth, health, and stress.
Major companies operating in the irrigation controller for agriculture market report are Valmont Structures Pvt. Ltd., Lindsay Corporation, The Toro Company, Rain Bird Corporation, Hunter Industries Incorporated, Netafim Limited, Hydropoint Data Systems Inc., Calsense Corp., Galcon Ltd., Weathermatic Smart Irrigation, Rachio Inc., Holman Industries Pty Ltd., NaanDanJain Irrigation Ltd., Jain Irrigation Systems Ltd., T-L Irrigation Co., Nelson Irrigation Corporation, Irritrol Systems LLC, Baseline Inc., AquaSpy Inc., Hortau Inc., Rubicon Water Ltd., WaterBit Inc., CropX Inc., Hortech Systems Ltd., PureSense Inc., Trimble Inc., AgSmarts Inc., Reinke Manufacturing Company Inc., EPC Industries Limited, Irrometer Company Inc
North America was the largest region in the irrigation controller for agriculture market in 2023. The regions covered in the irrigation controller for agriculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the irrigation controller for agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The irrigation controller for agriculture consists of sales of time controllers, computerized controllers, electromechanical controllers and electronic controllers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.