Smart Irrigation Controllers Market Overview & Forecast to 2024

Posted by BIS RSRCH on May 11th, 2021

The competitive landscape for the smart irrigation controllers market demonstrates an inclination toward companies adopting strategies such as mergers and acquisitions, business expansion and contracts, partnerships, collaborations and joint ventures and product launches. The major established players in the market are focusing on product launches and development to increase the customer base and enhance their business and regional products segment, whereas the relatively less adoptive strategies comprise partnerships, collaborations and joint ventures. Valmont Industries, Lindsay Corporation, The Toro Company, Hunter Industries, Rain Bird Corporation, HydroPoint Data Systems, Netafim, Rachio Inc., Weathermatic, Green IQ, and Nelson Irrigation, among others, are some of the prominent players in the smart irrigation controllers market.

The smart irrigation controllers market comprises major companies providing key product types such as tap timers, stand-alone controllers, plug-in controllers and residential use irrigation controllers. This varied range of market participants provides opportunities to other players willing to bear the high risks involved in the industry. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing product offerings.

The result of the emerging strategies and developments in the form of product launches and developments are already leading to a visible market growth. Moreover, the growing demand for smart irrigation systems is further expected to increase the involvement of companies across different segments of the value chain. Majority of the companies preferred product launches to enhance their presence, while the relatively less adoptive strategies comprised partnerships, collaborations and joint ventures. Product launches and development in smart irrigation controllers market presented a major move made by a large number of companies. For instance, in March 2019, Rain Bird Corporation launched LG3HE In-ground sprinkler with click-n-go connect.

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The Asia-Pacific region is currently the fastest growing market in the smart irrigation controllers industry. Rapid changes in the climatic conditions, significant government support and increasing need of saving water are the key factors supporting the growth of smart irrigation controllers in the region. Trends such as extensive demand for smart irrigation practices, increasing number of greenhouse cultivation, coupled with the dynamic government initiatives in the Asia-Pacific region have resulted in a high growth of the region. As a result, many farmers of the region are focusing on increasing crop yield and having an all-year-round supply of agricultural produce to meet the escalating demand.