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Irrigation Controller For Agriculture Market Report 2024 - Irrigation Controller For Agriculture Market Share, Growth, And Trends
Irrigation Controller For Agriculture Market
According to The Business Research Company's, The irrigation controller for agriculture market size has grown strongly in recent years. It will grow from $1.24 billion in 2023 to $1.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to water conservation initiatives, shift towards precision agriculture, government incentives, increasing farm sizes, environmental concerns.
The irrigation controller for agriculture market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to integration of ai and machine learning, climate change adaptation, demand for remote monitoring and control, government support for sustainable agriculture, emphasis on water conservation.. Major trends in the forecast period include adoption of wireless connectivity, smart sensor integration, data-driven decision making, shift to automated systems, precision irrigation techniques.
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Market Drivers and Trends:
The rising conservation of water is expected to propel the growth of the irrigation controller for the 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, analyzing, and managing water use using cutting-edge technologies and networking tools. For instance, according to the water conservation report 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Valmont Structures Pvt. Ltd.; Lindsay Corporation; The Toro Company; Rain Bird Corporation; Hunter Industries Incorporated; Netafim Limited; Hydropoint Data Systems Inc.; Calsense Corp.; Galcon Ltd.; Weathermatic Smart Irrigation; Rachio Inc.; Holman Industries Pty Ltd.; NaanDanJain Irrigation Ltd.; Jain Irrigation Systems Ltd.; T-L Irrigation Co.; Nelson Irrigation Corporation; Irritrol Systems LLC; Baseline Inc.; AquaSpy Inc.; Hortau Inc.; Rubicon Water Ltd.; WaterBit Inc.; CropX Inc.; Hortech Systems Ltd.; PureSense Inc.; Trimble Inc.; AgSmarts Inc.; Reinke Manufacturing Company Inc.; EPC Industries Limited; Irrometer Company Inc.
Irrigation Controller For Agriculture Market 2024 Key Insights:
• The irrigation controller for agriculture market will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Rising Conservation Of Water Propel The Irrigation Controller For Agriculture Market
• Revolutionizing Agricultural Irrigation Through The Rise Of Innovative Solutions In The Irrigation Controller Market
• North America was the largest region in the irrigation controller for agriculture market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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