The global irrigation controller market was expected to be valued at USD 731 million and is anticipated to reach USD 859.14 million in 2024 from USD 3127.92 million by 2032, growing at a CAGR of 17.53% from 2024 to 2032.
Irrigation controllers are significant in applying a lot of water at the right time to acquire maximum farming production and to accomplish an elevated level of proficiency in the utilization of water and synthetics.
The market is driven by the expanding requirement for water conservation and developing utilization of modern cultivating practices. Besides, factors, for example, quick development in the lawn and garden equipment market are required to expand the interest for irrigation controllers. Be that as it may, the high initial venture cost and declining farm earnings restrain the market development. Moreover, design challenges are bringing about low demand from labor-escalated economies and are relied upon to represent a challenge to the worldwide market.
Appeal for Water Conservation
As per water.org, 785 million individuals live without access to safe water while 144 million rely upon surface water to meet their fundamental needs. Water shortage is one of the significant variables prompting the interest of irrigation controllers. Ever-expanding populace, wastage of water assets, extreme utilization of groundwater, urbanization, and industrialization are a portion of the key variables for water shortage.
Government Schemes to Promote Proper Irrigation Systems
Different government plans, for example, the Micro Irrigation Fund (MIF) in the Indian farming area, are another significant driver for the irrigation controllers. The Public Bank for Agriculture and Rural Development affirmed a reserve of USD 420.2 million for MIF to empower open and private interests in micro irrigation. The positive results of Micro-Irrigation have made food security successful because of an expansion in the development and efficiency of various yields. Utilization of an irrigation system expanded region under irrigation from a similar wellspring of water results in improved food security for the nation.
Significant expense of Installation and Repairs
The essential restraint related to an irrigation system is its significant expense, the establishment of which relies upon the size of the property. Parts of the land should be uncovered to introduce pipework and connect it to the pipes arrangement of the home, which is labor-intensive and tedious.
Additionally, wind can destroy sprinklers, along these lines coordinating water off course. The irrigation system can be harmed by underground bugs, bringing about water pooling or broken parts. The expense of fixing an irrigation system can be significantly more costly than supplanting a harmed garden hose. Consequently, significant expenses of establishment and fixes related to the sprinkler system may control market development.
Rising awareness of water preservation, expanding agricultural tasks cost, and developing significance to increase farm benefit by using smart irrigation arrangements are the essential elements that drive the development of the worldwide smart irrigation controller’s market. Developing enthusiasm for automated systems, expanding research investments on developing smart irrigation systems utilizing the Internet of Things (IoT), and persistent advancement in detecting innovations quickens the development of the worldwide irrigation controller market. Expanding government activities developing smart towns and urban areas and developing the need to screen and control the water prerequisites of the field because of deficient precipitation and water shortages all over the world fill the development of the worldwide smart irrigation controller market. In any case, requirements identified with execution cost and absence of awareness with respect to the expected advantages of smart irrigation controllers are distinguished as the limitations liable to stop the movement of the worldwide irrigation controller market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
17.53% |
Segments Covered |
By Type, Product, Application and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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) and Others. |
The sensor-based irrigation controller’s fragment is likely to develop at the most noteworthy CAGR during the conjecture time frame. Sensors help in acquiring continuous soil dampness levels and determine the irrigation prerequisites.
The multi-usefulness of smart irrigation controllers and the capacity to produce climate and farm reports are required to expand their interest. Smart Controllers remain a significant section, contributing 64.2% of the general market regarding income in 2018, attributable to the rising interest in digitalized, easy-to-understand items, which can alter irrigation designs and automatically run at times to meet explicit farming prerequisites.
The agriculture sector secured the biggest piece of the overall industry as irrigation controllers are most broadly utilized in sports grounds, golf courses, and private yards and gardens. The developing pattern of controlled environment agriculture is relied upon to expand the interest for irrigation controllers in the agricultural section.
In the U.S., more than 34 billion liters of water every day is utilized for landscape irrigation. The greater part of this water is squandered due to overwatering in light of the failures brought about by traditional techniques. Rising interest in completely automated systems that can change running times and water schedules consequently to meet the landscape needs is foreseen to flood the market development over the coming years.
As per "The State of Agricultural Commodity Markets" report, West Africa and India are probably going to see agriculture production fall as they utilize 2-3 times more water than other major agricultural nations, for example, the U.S., Brazil, and China. Rising government activities for creating awareness about drip irrigation and smart solutions are foreseen to build product demand over the estimated time frame.
The Integrated Modern Agriculture Development (IMAD) Project by the World Bank in China is required to create awareness about the environmental change in farming practices combined with institutional help for improving irrigation systems in China. Additionally, a venture of $313.4 million is made to give a better system and new on-farm advances, bringing about fortifying the item demand throughout the following years.
The worldwide market for irrigation controllers is dominated by huge players, for example, Valmont Industries (US), Lindsay Corporation (US), Toro (US), Hunter Industries (US), 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 couple of other key market players that additionally have a critical demand in the global irrigation controller’s market.
Lindsay Corporation (NYSE: LNN), a main worldwide maker and wholesaler of irrigation and system equipment and innovation, declares the acquisition of Net Irrigate, LLC, an agriculture Internet of Things innovation organization that gives distant observing answers for irrigation clients. Net Irrigate will join Lindsay's FieldNET brand of remote irrigation checking and control solutions.
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