Irrigation Controllers Market Worth $2.08 Billion By 2025 | CAGR: 15.2%

November 2019 | Report Format: Electronic (PDF)

The global irrigation controllers market size is expected to reach USD 2.08 million by 2025,expanding at a CAGR of 15.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is backed by the growing demand for gardens and lawn care facilities, along with a rising residential construction in the emerging economies.

Increasing demand for irrigation automation, control, and monitoring solutions because of a new generation of tech-savvy farmers, especially in the regions with challenging climate and terrain such as Australia, Africa, India, and Brazil is expected to boost the product demand over the forecast period.

North America held the largest share owing to the early adoption of smart irrigation technologies in countries like the U.S. and Canada. The region has the highest number of smart controllers installed at golf courses, farms, and residential areas as these products offer cost savings, reductions in hardscape loss, and optimization of resources without unwanted waste.

The key market participants include Toro Company, Rachio, Hunter Industries, Valmont Industries, and Lindsay Corporation. Manufacturers have contributed to the industry by launching innovative services and products by extensively spending on R&D, along with initiating strategies to gain a competitive advantage in the industry.

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https://www.grandviewresearch.com/industry-analysis/irrigation-controllers-market

Further key findings from the report suggest:

Weather-based irrigation controllers are expected to contribute 35.1% in terms of revenue by 2025 on account of its easy installation, savings on fertilizer and energy consumptions, and reduction in costs
Drip irrigation controllers are anticipated to witness a CAGR of 15.9% in terms of revenue over the forecast period owing to the high costs and increasing demand for cash crops in domestic and export markets
The demand for irrigation controllers in sports ground/golf courses is projected to reach USD 401.7 million by 2025 on account of the rising government initiatives on water conservation through new technology and conservation efforts
Asia Pacific is expected to register the highest growth over the forecast period as progressive economies such as South Korea, India and China are showcasing great leaps towards steady adoption of smart irrigation controllers
Companies are focusing on operating throughout the value chain to gain dominance in the industry, this provides the benefits, in terms of procurement of raw materials and distribution of finished products, thus maintaining the economies of scale at optimum level

Grand View Research has segmented the global irrigation controllers market on the basis of product, irrigation type, application, and region:

Irrigation Controllers Product Outlook (Revenue, USD Million; 2014 - 2025)