Irrigation Controllers Market To Hit Value .08 Billion By 2025
Posted by Mrudula Karmarkar on December 28th, 2021
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.
The supply of water treatment chemicals shall witness shortages due to the prevalence of COVID-19 at a pandemic level. The industrial sector as a whole shall register an increase in demand for dewatering equipment, water treatment systems and membranes due to stipulated public health guidelines and greater need for sanitary environment. The report will account for Covid19 as a key market contributor.
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.
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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.
Further key findings from the report suggest:
Globally, 70% of the freshwater acquired is used to irrigate 25% of the world’s cropland, which supplies approximately 45% of the food. Food and forage production has declined in regions experiencing increased frequency and duration of floods and drought. Increasing adoption of climate-smart agriculture solutions by the government to help small-scale farmers to maintain and improve water management is anticipated to boost the market growth.
Grand View Research has segmented the global irrigation controllers market on the basis of product, irrigation type, application:
Product Outlook (Revenue, USD Million; 2014 - 2025)
o Weather-based Irrigation Controllers
o Soil Moisture-based Controllers
Irrigation Type Outlook (Revenue, USD Million; 2014 - 2025)
Application Outlook (Revenue, USD Million; 2014 - 2025)
o Sports Grounds/Golf Courses
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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About the AuthorMrudula Karmarkar
Joined: March 30th, 2020
Articles Posted: 402
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