The
irrigation
controllers market is estimated to be valued at USD 529.2 Million in 2017
and is projected to reach USD 1,186.6 Million by 2022, at a CAGR of 17.53% from
2017. The market is driven by the increasing need for water conversation and
growing use of modern farming practices. Furthermore, factors such as rapid
growth in the lawn and garden equipment market are expected to increase the
demand for irrigation controllers. However, the high initial investment cost
and declining farm incomes are expected to restrict the market growth.
Additionally, design challenges are resulting in low demand from
labor-intensive economies and are expected to pose a challenge to the global
market.
The
irrigation controllers market, based on type, has been segmented into
weather-based and sensor-based. The sensor-based irrigation controllers segment
is expected to grow at the highest CAGR during the forecast period. Sensors
help in obtaining real-time soil moisture level and determining the irrigation
requirements.
The market,
based on product, has been segmented into smart controllers, tap timers, and
basic controllers. The multi-functionality of smart irrigation controllers and
ability to generate weather and farm reports are expected to increase their
demand.
The irrigation
controllers market, by application, has been segmented into agriculture and
non-agriculture. The non-agriculture segment covered the largest market share
as irrigation controllers are most widely used in sports grounds, golf courses,
and residential lawns & gardens. The growing trend of controlled
environment agriculture is expected to increase the demand for irrigation
controllers in the agriculture segment.
Asia Pacific is projected to be the fastest-growing irrigation
controllers market over the next five years. The major drivers for the growth
of the Asia Pacific market include the climatic conditions, strong government
support, increased productivity, and increased need for reducing wastage of
water. The key countries considered under this region are China, Japan,
Australia & New Zealand, India, and the Rest of Asia Pacific which includes
Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and South Korea.
The high cost
of installation of irrigation controllers and its peripherals and globally
declining farm income are expected to restrict the market growth in the near
future. Furthermore, the challenges regarding design and operations are also
expected to hamper the market growth.
The global
market for irrigation controllers is dominated by large players such as Valmont
Industries (US), Lindsay Corporation (US), Toro (US), Hunter Industries (US),
and Rain Bird (US). HydroPoint Data Systems (US), Netafim (Israel), Calsense
(US), Glacon (Israel), Rachio (US), Weathermatic (US), Green IQ (Israel), and
Nelson Irrigation (US) are a few other key market players that also have a
significant share in the irrigation controllers market.
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