Summary
Major players in the irrigation controller for agriculture market are Valmont Structures Pvt. Ltd., Lindsay Corporation, The Toro Company, Rain Bird Corporation, Hunter Industries Incorporated, Netafim Limited, Hydropoint Data Systems Inc, Calsense , Galcon Ltd., Weathermatic , Rachio Inc., Holman Industries, NaandanJain Irrigation Ltd., Storm Industries Inc., Tucor Inc., Baccara Geva ACS Ltd., Mottech Water Solutions Ltd., and FlyBird Farm Innovations Pvt Ltd.
The global irrigation controller for agriculture market is expected to grow from $1.18 billion in 2022 to $1.26 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The irrigation controller for agriculture market is expected to reach $1.61 billion in 2027 at a CAGR of 6.3%.
The irrigation controller for agriculture consists of sales of time controllers, computerized controllers, electromechanical controllers and electronic controllers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
An irrigation controller is a device that uses programmed information to switch on and, more significantly, turn off irrigation. It is a basic tool for applying water in the required quantity and at the appropriate time to sustain agricultural output and achieve high levels of efficiency in water, energy, and chemical usage.
North America was the largest region in the irrigation controller for agriculture market in 2022. The regions covered in irrigation controller for agriculture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of irrigation controllers for agriculture are weather-based controllers and sensor-based controllers.A weather-based irrigation controller is a device that measures the evapotranspiration of plants using weather information, used to automatically modify the irrigation schedule to just give the plants the water they require.
The types of irrigation include sprinkler irrigation and drip irrigation used for agriculture and non-agriculture applications.
The rising conservation of water is expected to propel the growth of the irrigation controller for agriculture market.Water conservation is the protection, management, and development of water resources such as surface and groundwater, in addition to pollution prevention.
Irrigation controllers for agricultural application reduce water use by tracking, analysing, and managing water use using cutting-edge technologies and networking tools.For instance, according to the water conservation report 2020-2021, published by Sydney Water Corporation, an Australia-based water industry company, $1 million was invested in the development of 14 new water conservation projects that include a variety of water conservation techniques, including robotics, analytics, and reclaimed water, as well as water literacy and efficiency.
Likewise, for fiscal year 2021, the United States Environmental Protection Agency, a federal executive department of the United States, reduced its water consumption by 43.5 percent compared to fiscal year 2007, carried out water projects to further reduce water usage, and continued to manage water to sustain progress. Therefore, rising water conservation is driving the growth of the irrigation controller for agriculture market.
Product innovation is the key trend gaining popularity in the irrigation controller for agriculture market.Major companies operating in the irrigation controller for the agriculture market are focused on developing innovative products to strengthen their position in the market.
For instance, in February 2022, the Toro Company, a US-based provider of innovative irrigation system solutions, launched the Tempus Automation system for agricultural irrigation. It outperforms the competition regarding range, ease of installation, and use. It is the industry’s first to feature 4G/Wi-Fi/LoRa/Bluetooth technologies. The water- and dust-resistant, IP68-certified Tempus Automation controllers and measuring sensor devices are powered by a 9-volt battery. Compared to competitor controllers, which require individual solar panels, this minimizes installation space while making system maintenance straightforward and convenient.
In May 2021, Valmont Industries Inc, a US-based manufacturer of linear irrigation equipment, acquired Prospera Technologies Inc for $300 million.Through this acquisition, Valmont Industries Inc increased its position as an industry leader and it build the largest global, vertically integrated AI company in agriculture, and deliver a highly distinctive in-season solution right away.
Prospera Technologies Inc. is an Israel-based machine vision technologies creator for tracking and analyzing plant growth, health, and stress operating in the irrigation controller for agriculture market.
The countries covered in the irrigation controller for agriculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The irrigation controller for agriculture market research report is one of a series of new reports that provides irrigation controller for agriculture market statistics, including irrigation controller for agriculture industry global market size, regional shares, competitors with an irrigation controller for agriculture market share, detailed irrigation controller for agriculture market segments, market trends, and opportunities, and any further data you may need to thrive in the irrigation controller for agriculture industry. This irrigation controller for agriculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
