The irrigation controllers market is projected to grow at a CAGR of 12.59% to reach US$1,620.826 million in 2024 from US795.678 million in 2018. The rising demand for food along with increasing adoption of techniques which help in high productivity are key factors expected to drive the market for irrigation controllers. Further, the growing adoption of modern agricultural techniques to increase the efficiency of the farmlands is anticipated to boost the market in the coming years. Moreover, increasing research and development activities along with technological advancements such as smart irrigation controllers is estimated to provide growth opportunities for the irrigation controller market during the forecast period. However, high installation cost of control systems is expected to hamper the market growth in next five years. The market has been segmented by type, application, irrigation type and geography. In the type segment, sensors are anticipated to hold a substantial share in the market on account of their features like determining irrigation requirements etc. in the application segment, agriculture is estimated to be a substantial shareholder owing to the rising adoption of modern agricultural practices. Geographically, the Asia Pacific is projected to grow at a significant rate due to the huge agricultural industry in countries like India and China along with the increasing need to reduce water wastage in the region.
Government support towards modern agriculture techniques.
Rising adoption of modern agriculture practices.
High installation cost
In March 2019, Netafim announced its plans to deploy four large community irrigation projects in India.
In December 2017, HydroPoint Data Systems Inc., launched a new updated version of their weatherTRAK OptiFlow XR, their flagship irrigation controllers with a new setup mode.
Major industry players profiled as part of the report are Galcon, HydroPoint Data systems Inc.
, Rachio Inc., Valmont Industries Inc., The Toro Company, Hunter Industries, Netafim, Lindsay Corporation, Nelson Irrigation Corporation, Weathermatic, and Calsense.
The irrigation controllers market has been analyzed through the following segments:
By Irrigation Type
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for irrigation controllers market?
A1. The irrigation controllers market is projected to grow at a CAGR of 12.59% during the forecast period.
Q2. What is the size of global irrigation controllers market?
A2. Irrigation Controllers market was valued at US795.678 million in 2018.
Q3. What will be the irrigation controllers market size by 2024?
A3. The global irrigation controllers market is projected to reach a total market size of US$1,620.826 million by 2024.
Q4. Which region holds the largest market share in the irrigation controllers market?
A4. Geographically, the Asia Pacific is projected to grow at a significant rate due to the huge agricultural industry in countries like India and China along with the increasing need to reduce water wastage in the region.
Q5. What factors are anticipated to drive the irrigation controllers market growth?
A5. The rising demand for food along with the increasing adoption of techniques that help in high productivity are key factors expected to drive the market for irrigation controllers.