Irrigation Controller Market Worth 1,458.1 Million USD by 2023, Says Meticulous Research®

According to this latest publication from Meticulous Research®, the global irrigation controller market is expected to grow at a CAGR 16.0% from 2018 to reach USD 1,458.1 million by 2023. This market is driven by factors such as “growing adoption of modern agriculture techniques, increasing demand for lawn and garden equipment, growing automation and use of IT in agriculture, and increasing government initiatives to promote water conservation.”

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Smart controllers held a significant share of the global irrigation controller market in 2017, mainly due to “their higher adoption in the advanced nations, growing demand in developing countries owing to their variety of advantages over the traditional or basic irrigation controllers, growing food and water scarcity, increase in awareness among farmers about the benefits of smart irrigation, and government promotions and investments”.

Non-agriculture application segment expected to see largest gains through 2023 due to “presence of large number of lawns, gardens, golf courses, and sports grounds, especially in developed countries and higher adoption of irrigation controllers to ensure the adequate water supply for these areas”.

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North America emerged as the largest regional market for irrigation controllers owing to various factors such as “increased automation in agriculture & adoption of advanced irrigation control systems; rising need to conserve water and reduce water stress; innovation in communication systems; presence of large number of lawn, gardens, sport grounds and golf courses; and government initiatives to promote micro irrigation”. However, Asia-Pacific (APAC) region is expected to witness fastest growth due to “rising adoption of modern irrigation techniques in countries such as China, Japan, Australia, & India; and constant government’s financial assistance”.

Key players operating in the global irrigation controller market are Hunter Industries Incorporated, Rain Bird Corporation, The Toro Company, Valmont Industries, Inc, Calsense, Galcon Ltd., NELSON IRRIGATION CORPORATION, Weathermatic, Hydropoint Data Systems, Inc., Signature Control Systems, Inc., Storm Industries, Inc., Tucor, Inc., Orbit Irrigation Products, Inc., Holman Industries, Rachio Inc., BaccaraGeva A.C.S. Ltd, Mottech Water Solutions Ltd, Lindsay Corporation, and Netafim Limited among others.

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About Meticulous Research®

Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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This release was published on openPR.