“In 2019, North America generated the highest revenue and is likely to grow hugely during the forecast period. In addition, by type, the weather-based segment dominated the market in terms of revenues. By application, non-agriculture segment made significant contributions to the market revenue. Non-agricultural applications include playgrounds, turf and landscapes, residential, rustic and golf courses.”
According to a recent report published by Market Decipher, titled, “Irrigation Controllers Market Revenue, Sales Volume & Trend Forecast Report, 2019-2026"the global irrigation controllers market was valued at $692.3 million in 2019, and is projected to reach $1,922.3 million by 2026, growing at a CAGR of 17.6% from 2019 to 2026.
Modern agricultural activities use sensors to monitor and schedule irrigation processes. An irrigation controller is a tool that regulates the automatic irrigation process. This ensures that water is reaching the plants at the right time and in the necessary quantity. The main objective of the irrigation controllers is to increase agricultural production. These tools use weather forecasts to manage the irrigation process and can be controlled remotely using smartphones. The irrigation controller is one of the effective and efficient measure to conserve water.
The irrigation controller market has witnessed a commendable growth over last few years. The growth of the market is attributed to the adoption of modern agricultural activities and the growing need for water conservation. The government of many countries has taken several initiatives to stop the wastage of water. For example: Government of India has implemented the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) in 2006 to enhance the efficient use of water in agriculture. However, low agricultural income and high cost have proved to be the major obstacle in the development of the market.
By type, the irrigation controller market is divided into weather-based and sensor-based. Of which, the weather-based segment contributed significantly to the market growth in 2018. Weather based irrigation controllers provide a more accurate estimate of the water requirements of the fields by using weather forecast details. By application, non-agricultural sector has been dominating the market in terms of revenue and is expected to see the high demand of irrigation controllers in the forecast period. Non-agricultural sector mainly includes golf courses and playgrounds, residential spaces and commercial areas. Irrigation controllers are established at these places so that they can be managed completely and reducing the waste of water.
The North American region is expected to generate the highest revenue during the forecast period. Canada is responsible for a large stake in smart irrigation controllers in the North American market. The growing trend of adopting smartphones in this area has encouraged the use of smart irrigation controllers.
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