Vancouver, British Columbia, Dec. 03, 2020 (GLOBE NEWSWIRE) — The Global Smart Irrigation Controllers Market will be worth USD 732.7 Million by 2027, according to the current analysis by Emergen Research. The growth of this market can be attributed to the growing utilization of advanced technologies to enhance the efficiency of traditional irrigation controllers. Limited availability of natural resources, such as arable land and freshwater, has resulted in the growth of the smart irrigation controller market. High labor cost due to the declining agricultural workforce is expected to increase the adoption of smart irrigation controllers in the agricultural sector. The increasing adoption of smart irrigation controllers for automatic irrigation scheduling in commercial & residential property, landscaping, and agriculture is projected to drive the growth market.
The rising growth of greenhouse vegetable production is expected to drive the growth of the smart irrigation controller market over the forecast period. The scarcity of water in several countries is hampering the production of greenhouse vegetation, which is the main reason behind the increasing adoption of smart irrigation controllers by farmers.
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Key Highlights From The Report
- In July 2020, Lindsay Corporation acquired an agriculture Internet of Things (IoT) technology company, Net Irrigate, LLC. The acquisition is aimed to increase water and energy efficiency and incorporate more sustainable farming practices.
- The Non-Agricultural industry segment held the largest market share of 57.4% in 2019. The commercial and residential land contractors are embracing the automated irrigation system, such as the smart irrigation controller, which is driving the growth of the segment.
- The weather-based segment is forecast to grow with the fastest CAGR of 15.2% over the forecast period. The increasing adoption of weather-based controllers by commercial building contractors and golf course and landscaping managers is expected to drive the demand for the system.
- North America accounted for the largest market share of the Smart Irrigation Controllers market in 2019 due to the extensive usage of the smart irrigation controllers in the large commercial farms, golf courses, and residential landscapes.
- Key participants include The Toro Company, Lindsay Corporation, Valmont Industries, Rain Bird Corporation, Hunter Industries, Netafim, HydroPoint Data Systems, Weathermatic, Rachio Inc., and Nelson Irrigation Corporation, among others.
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Emergen Research has segmented the Global Smart Irrigation Controllers Market on the basis of type, end-user, and region:
- Type Outlook (Revenue, USD Million; 2017-2027)
- Weather-based controllers
- Soil-based controllers
- End-User Outlook (Revenue, USD Million; 2017-2027)
- Agriculture Industry
- Non-Agriculture Industry
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- Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
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