PUBLISHER: The Business Research Company | PRODUCT CODE: 1620110
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620110
Smart irrigation controllers are sophisticated devices designed to automate and optimize watering schedules by utilizing real-time data from weather forecasts, soil moisture levels, and plant needs. They offer remote control and monitoring through mobile apps or web interfaces, promoting efficient water use. These controllers are essential for conserving water and maintaining healthy landscapes.
The primary types of smart irrigation controllers include plug-in controllers, standalone controllers, and smart home-based controllers. Plug-in controllers integrate with existing irrigation systems to automate watering schedules. They can be used with various irrigation methods, such as drip or trickle systems and sprinklers. These controllers are applicable across different end users, including residential, commercial, golf courses, agricultural fields, and greenhouses.
The smart irrigation controllers market research report is one of a series of new reports from The Business Research Company that provides smart irrigation controllers market statistics, including smart irrigation controllers industry global market size, regional shares, competitors with a smart irrigation controllers market share, detailed smart irrigation controllers market segments, market trends, and opportunities, and any further data you may need to thrive in the smart irrigation controllers industry. This smart irrigation controllers 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 smart irrigation controller market size has grown rapidly in recent years. It will grow from $0.51 billion in 2023 to $0.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth observed in the historic period can be attributed to heightened concerns about water conservation, increasing demand for smart irrigation solutions, the rise of technology-driven farming, population growth, and a growing need for efficient irrigation systems.
The smart irrigation controller market size is expected to see rapid growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The projected growth during the forecast period can be attributed to factors such as the rise of mobile apps, a growing need for water conservation, increased adoption of IoT technologies, greater adoption of smart agriculture practices, and escalating water scarcity. Key trends for this period include the installation of water-efficient systems, the adoption of smart water management technologies, advancements in technology, the integration of smart home devices, and the introduction of remote sensing technologies.
The expansion of the agriculture sector is expected to drive the growth of the smart irrigation controllers market. The agriculture sector encompasses the production, processing, and distribution of crops, livestock, and other agricultural products. This sector is growing due to shifts in dietary patterns, increased environmental awareness, and greater investment in agricultural research, development, and infrastructure. Smart irrigation controllers are sophisticated devices that optimize water use by automatically adjusting irrigation schedules and amounts based on real-time data. These controllers improve water efficiency, reduce waste, and enhance crop yields by ensuring precise water delivery. For example, in February 2024 the Department for Environment Food & Rural Affairs, a UK-based government agency, reported that the average farm business income (FBI) in the UK rose significantly from $50,461 (£46,500) in 2020/21 to $78,133 (£72,000) in 2021/22. Additionally, the total income from farming (TIFF) in the UK reached $6.61 billion (£7.9 billion) in 2022, marking a 17% increase from 2021. This growth in the agriculture sector supports the expansion of the smart irrigation controllers market.
Leading companies in the smart irrigation controllers market are focusing on developing advanced products, such as artificial intelligence (AI)-enabled smart controllers, to optimize water use, enhance irrigation efficiency, and provide real-time data-driven insights for better decision-making in agriculture and landscaping. AI-enabled smart controllers use machine learning algorithms and data analytics to make precise irrigation decisions. For instance, in July 2023, Hydro-Rain, a US-based irrigation technology company, introduced the HSC landscape irrigation controller. This AI-enabled controller utilizes machine learning to adjust watering based on real-time weather conditions and soil moisture levels. It features predictive analytics for improved irrigation management and remote access for easy control and monitoring, contributing to more sustainable and effective water use.
In April 2023, Rivulis Pte. Ltd., a Singapore-based company specializing in innovative irrigation solutions, acquired Jain Irrigation's international irrigation business for an undisclosed amount. This acquisition allows Rivulis to enhance operational efficiencies and expand its customer base, addressing the growing demand for sustainable agriculture. Jain Irrigation Systems Limited, an Indian company, is known for manufacturing smart irrigation controllers.
Major companies operating in the smart irrigation controllers market are The Toro Company, Valmont Industries Inc., Netafim Irrigation Limited, Lindsay Corporation, Hunter Industries Inc., Rain Bird Corporation, Orbit Irrigation Products Inc., HydroPoint Data Systems Inc., Nelson Irrigation Corporation., Sierra Instruments, Holman Industries, Dig Corporation, CropX Technologies Ltd., Signature Control Systems Inc., Sencrop, Rachio Inc., K-Rain Manufacturing Corporation, Galcon, Irritrol Systems Srl, Calsense, Skydrop, WaterBit Inc., GreenIQ Ltd., Valley Irrigation, AquaSpy Inc.
North America was the largest region in the smart irrigation controllers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart irrigation controllers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the smart irrigation controllers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart irrigation controllers market consists of revenues earned by entities by providing services such as automated scheduling, remote control and monitoring, soil moisture sensing, leak detection, and weather-based adjustments. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart irrigation controllers market also includes sales of AI-enabled controllers, timer-based controllers, and remote controller systems. 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.
Smart Irrigation Controllers 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 smart irrigation controllers 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 smart irrigation controllers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart irrigation controllers 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.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.