New Delhi News

Irrigation Controllers Market to Reach $2.66 Billion by 2028 – Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

 Breaking News
  • No posts were found

Irrigation Controllers Market to Reach $2.66 Billion by 2028 – Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

August 02
21:50 2021
Irrigation Controllers Market to Reach $2.66 Billion by 2028 - Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®

Irrigation Controllers Market
Irrigation Controllers Market by Type (Smart Irrigation Controller, Tap Timer, Basic Controllers), Irrigation Type (Sprinkler Irrigation, Drip Irrigation), and Application (Non-Agricultural and Agriculture) – Global Forecast to 2028

According to a new market research report titled “Irrigation Controllers Market by Type (Smart Irrigation Controller, Tap Timer, Basic Controllers), Irrigation Type (Sprinkler Irrigation, Drip Irrigation), and Application (Non-Agricultural and Agriculture) — Global Forecast to 2028”, the irrigation controllers market is expected to grow at a CAGR of 19.7% from 2021 to 2028 to reach $2,661.1 million by 2028.

Irrigation controllers are devices used to reduce outdoor water use by monitoring and using information about site conditions (such as soil moisture, rain, wind, slope, soil, plant type, and more) and applying the right amount of water. These irrigation controllers receive feedback from the irrigated area and schedule or adjust irrigation duration or frequency accordingly. In addition, irrigation control technologies have been developed to apply only the required water, reducing irrigation waste.

The growth of this market is backed by factors such as progressive government initiatives to promote water conservation, growing adoption of modern agricultural techniques, growing importance of reducing water wastage, and increasing demand for irrigation controllers in lawns and gardens. Moreover, rising automation in irrigation and significant growth potential in developing economies provide significant opportunities in this market.

However, high set-up costs and declining farm income, particularly in low-income economies, obstruct this market’s growth to some extent. In addition, a lack of awareness about agricultural automation is challenging the growth of the irrigation controllers market.

Download Sample Report Copy Now : https://www.meticulousresearch.com/download-sample-report/cp_id=4166

The Impact of COVID-19 on the Irrigation controllers Market

The COVID-19 pandemic outbreak has caused a widespread economic downturn. Several countries imposed strict lockdowns to contain the infection, leading to the shutdown of agricultural activities and disruption of agricultural equipment supply. There has been a significant impact on the agricultural supply chain due to shortage of equipment, multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor.

Major irrigation equipment companies worldwide reported a decline in revenue generation during April and May 2020 due to decreased sales resulting from economic slowdown induced by lockdown and quarantine restriction imposed by governments worldwide and a decline in agricultural equipment demand. Despite qualifying as essential services during lockdowns in many countries, irrigation agencies had difficulty securing equipment, inputs, and maintenance. In addition, for smallholder farmers, a lack of accessibility to irrigation equipment and other inputs, as well as a shortage of labor due to reliance on seasonal or temporary migrants, had been a significant challenge. These factors have negatively impacted the market for irrigation controllers worldwide, resulting in revenue loss during the first two quarters of 2020.

However, recent investments in irrigation have boosted the market for irrigation controllers during the second half of 2020. For instance, the Indonesian Government promoted irrigation-based food security through revitalizing low-land areas for crops and cash injections in communities through community contracting.

The irrigation controllers market is segmented based on type, irrigation type, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Progressive government initiatives promoting water conservation to drive the demand for irrigation controllers

Water conservation is the preservation, control, and management of water resources and their use. Unfortunately, the existing water resources are limited and unevenly distributed. Therefore, water scarcity is one of the greatest challenges of the 21st century, where developing countries and developed countries confront the problems of water shortage due to growing population, increasing need for more agricultural production, and changing climate.

Governments across the globe are taking several initiatives with the help of new irrigation technologies to avoid future incidents of water scarcity. Many countries are promoting different techniques for water conservation. The rainwater harvest techniques and other traditional water conservation methods, and modern irrigation management systems, such as irrigation controller systems, are promoted in developed countries to converse water.

In November 2020, the U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) selected 31 priority areas to receive USD 13 million to conserve water as part of the WaterSMART Initiative (WSI). Furthermore, in March 2021, the EPA suggested replacing a standard clock-based controller with a WaterSense labeled irrigation controller to save an average home up to 15,000 gallons of water annually. For example, suppose every home in the U.S. with an automatic sprinkler system installed and properly operated a WaterSense labeled controller could save up to USD 4.5 billion in water costs and 390 billion gallons of water annually from not overwatering lawns and landscapes. Thus, factors such as changing focus towards the water conservation and positive approach of governments in installing modern irrigation methods & techniques for the management of residential and landscape irrigation are expected to fuel the demand for irrigation controller products and systems.

To provide efficient analysis, Meticulous Research® has segmented this market based on type [smart irrigation controllers (sensor-based and weather-based irrigation controllers], tap timer, and basic controllers), irrigation type (sprinkler and drip irrigation), and application [non-agricultural (golf and sports grounds, residential, commercial, other non-agricultural applications) and agriculture (open-field and closed-field agriculture)], and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa).

Based on type, the irrigation controllers market is mainly segmented into smart controllers, tap timers, and basic controllers. In 2021, the smart controllers segment is expected to account for the largest share of the irrigation controllers market. The large share of this segment is mainly attributed to their higher adoption in developed countries and growing demand in developing countries owing to their advantages over traditional or basic irrigation controllers.

Based on irrigation type, the irrigation controllers market is segmented into sprinkler irrigation and drip irrigation. In 2021, the sprinkler irrigation segment is expected to account for the largest share of the irrigation controllers market. The large share of this segment is mainly attributed to the higher adoption of sprinkler irrigation for non-agriculture and agriculture applications. In addition, the continuously growing population, urbanization, and industrialization demand more lawns, gardens, and sport & golf grounds, where sprinkler irrigation controllers are used to control irrigation of turfs and grasses. However, the drip irrigation segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the non-agricultural segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing demand for better sports grounds across the world, rising use of irrigation controllers for indoor and outdoor landscapes, and increasing implementation of irrigation controllers by commercial property management companies, educational institutes, and public sector buildings and public offices management companies to keep a check on water consumption.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/irrigation-controllers-market-4166

Geographic Review :

Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North American region is expected to account for the largest share of the irrigation controllers market in 2021, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific is expected to witness the fastest growth during the forecast period. The factors attributed to the high growth of this region are strong government support, rapid population growth, increasing need to enhance crop productivity and minimize water wastage, increasing awareness among farmers about the benefits of irrigation controllers, and increased need for reducing wastage of water.

Key Players:

The key players operating in the irrigation controllers market are Hunter Industries Incorporated (U.S.), Rain Bird Corporation (U.S.), The Toro Company (U.S.), Valmont Industries, Inc. (U.S.), Calsense (U.S.), Galcon Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Weathermatic (U.S.), Hydropoint Data Systems, Inc. (U.S.), Storm Industries, Inc. (U.S.), Tucor, Inc. (U.S.), Orbit Irrigation Products, Inc. (U.S.), Holman Industries (Australia), Rachio Inc. (U.S.), Baccara Geva A.C.S. Ltd.(Israel), Mottech Water Solutions Ltd. (Israel), Lindsay Corporation (U.S.), Netafim Limited (Israel), and NaandanJain Irrigation Ltd. (Israel).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008

Media Contact
Company Name: Meticulous Market Research Pvt Ltd
Contact Person: Khushal Bombe
Email: Send Email
Phone: +1 646-781-8004
Address:1267 Willis St, Ste 200 Redding, California, 96001, U.S.
Country: United States
Website: www.meticulousresearch.com

Related Articles