The smart irrigation controllers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Smart Irrigation Controllers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to growing concern for water conservation, growing demand for smart irrigation, rising tech-based farming, increased population, and rising demand for smart irrigation.
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 growth in the forecast period can be attributed to increasing mobile apps, increasing need for water conservation, increasing adoption of IoT, increasing adoption of agriculture, and increasing water scarcity. Major trends in the forecast period include the installation of water-efficient systems, the adoption of smart water management technologies, advancements in technologies, the integration of smart home devices, and the launch of remote sensing technology.
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Scope Of Smart Irrigation Controllers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Smart Irrigation Controllers Market Overview
Market Drivers –
The growth of the agriculture sector is expected to propel the growth of the smart irrigation controllers market going forward. The agriculture sector refers to the part of the economy that involves producing, processing, and distributing crops, livestock, and other agricultural products. The growth of the agriculture sector is due to shifts in dietary patterns, growing awareness of environmental issues, and increased investment in agricultural research, development, and infrastructure. Smart irrigation controllers are advanced devices used in agriculture to optimize water usage by automatically adjusting irrigation schedules and amounts based on real-time data. These controllers are designed to enhance water efficiency, reduce waste, and improve crop yield by delivering the right amount of water at the right time. For instance, in February 2024, according to the Department for Environment Food & Rural Affairs reports, a UK-based government agency, the average farm business income (FBI) across all UK farms increased significantly from $50,461 (£46,500) in 2020/21 to $78,133( £72,000) in 2021/22. Furthermore, the UK total income from farming (TIFF) in 2022 was $6.61 billion(£7.9 billion), an increase of 17% from 2021. Therefore, growth in the agriculture sector drives the smart irrigation controllers market.
Market Trends –
Major companies operating in the smart irrigation controllers market are focusing on developing advanced products such as artificial intelligence-enabled smart controllers for irrigation to optimize water usage, enhance irrigation efficiency, and provide real-time, data-driven insights for better decision-making in agricultural and landscape management. Artificial intelligence (AI)-enabled smart controllers for irrigation are advanced systems that leverage AI to optimize water usage in agriculture. These controllers use machine learning algorithms and data analytics to make precise decisions about when, where, and how much water to apply to crops. For instance, in July 2023, Hydro-Rain, a US-based irrigation technology company, launched the HSC landscape irrigation controller, an AI-enabled smart controller. This controller leverages machine learning algorithms to adjust watering based on real-time weather conditions and soil moisture levels. HSC landscape irrigation controller features predictive analytics for improved irrigation management and remote access for easy control and monitoring. These innovations in smart irrigation contribute to more sustainable and effective water use in agriculture and landscaping.
The smart irrigation controllers market covered in this report is segmented –
1) By Type: Plug-In Controllers, Standalone Controllers, Smart Homes Based Controllers
2) By Irrigation Type: Drip Or Trickle, Sprinkler
3) By End User: Residential, Commercial, Golf Courses, Agricultural Fields And Greenhouse
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Smart Irrigation Controllers Market Report Structure
3. Smart Irrigation Controllers Market Trends And Strategies
4. Smart Irrigation Controllers Market – Macro Economic Scenario
5. Smart Irrigation Controllers Market Size And Growth
…..
27. Smart Irrigation Controllers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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