Global Smart Irrigation Controllers Market – Analysis and Forecast, 2019-2024

Focus on Type (Weather-Based and Soil-Based), End-User Industry (Agriculture and Non-Agriculture), and Region

Published Year: 2020
SKU: AG00797SA

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Report Description

Smart Irrigation Controllers Market Analysis by BIS Research projects the market to grow at a significant CAGR of 15.0% during the

Market Report Coverage - Global Smart Irrigation Controllers Market

 

 

Base Year

 

2018

 

Market Size by 2018

 

$207.60 million

 

Forecast Period

 

2019-2024

 

Value Estimation by 2024

 

$480.19 million

 

CAGR During Forecast Period

 

15.0%

 

Number of Tables

 

 

 

Number of Pages

 

 179

 

 

Market Segmentation

 

• Type - weather-based controllers and soil- based controllers

• End-user industry - Agriculture Industry and Non-Agriculture Industry

 

Regional Segmentation

 

North America – Canada, U.S., Mexico, and Rest-of-North America

Europe - U.K., Germany, France, Netherlands, Spain, and Rest-of-Europe

Asia-Pacific – China, India, Japan, Australia and New Zealand, and Rest-of-Asia-Pacific

Rest-of-the-World – Brazil, Argentina, Israel, South Africa, and Others

 

Key Companies Profiled

 

The key market players include Valmont Industries, Lindsay Corporation, The Toro Company, Hunter Industries, Rain Bird Corporation, HydroPoint Data Systems, Netafim, Rachio Inc., Weathermatic, Green IQ, and Nelson Irrigation, among others.

Market Segmentation

Market Outlook by Type

A range of smart irrigation technologies is available in the industry that is highly beneficial to the consumers. Selection of the right technology based on the requirement is of utmost importance to get the desired water savings. Smart irrigation controllers technology helps in achieving the desired savings. 

The smart irrigation controllers help in reducing the outdoor water usage by controlling and monitoring the site conditions, including rain, soil moisture, wind, plant type, slope and others. Owing to the change in climate the demand for weather-based irrigation controllers is high at present. 

Additionally, with the growth in the number of playgrounds golf courses, and other places, the use of weather-based irrigation controllers have increased significantly. Owing to the use of weather-based controllers, outdoor water usage has been reduced to a greater extent. In 2019, weather-based irrigation controllers dominated the market share in terms of revenue and is expected to do so in 2024 as well. 

By End-User Industry

Smart irrigation technologies help consumers of both industries i.e. agriculture and non-agriculture to schedule irrigation patterns and manage the demand for water with respect to their fields, lawns, or crops. 

The growing importance of proper watering schedules and irrigation solutions in applications for non-agriculture industry including turf and landscape, residential and golf courses. It is a major reason for the growth of the non-agriculture industry. In 2019, the non-agriculture industry occupied the maximum market share in terms of revenue and is expected to do so in 2024 as well. 

By Region

The trends influencing the smart irrigation controllers market vary across geographical regions. The market currently holds a prominent place across countries including North America, Asia-Pacific (APAC), Europe and Rest-of-the-World (RoW). 

Currently, North America is at the forefront of irrigation controllers market, with market penetration rate for countries such as the U.S., Mexico, and others. These countries are expected to display robust market growth in the next five years.

The region of North America, followed by the region of Asia-Pacific, generated the highest revenue in the smart irrigation controllers market during 2018. A rapid growth rate in the past few years has been witnessed by the region owing to several factors including technological advancements across the agriculture industry.

Key Questions Answered in this Report

What is the global smart irrigation controllers market size in terms of revenue, and what is the expected growth rate during the f

Key Questions Answered in this Report:

•    What is the global smart irrigation controllers market size in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024? 
•    What is the expected growth and market size for the smart irrigation controllers market based on different types of controllers?
•    What is the revenue generated by smart irrigation controllers in different end-user industries such as agriculture and non-agriculture industry at global and regional levels?
•    What is the market size and opportunities of smart irrigation controllers market across different regions?
•    What are the major driving forces that are expected to increase the demand for the global smart irrigation controllers market during the forecast period?
•    What are the key trends and opportunities in the market pertaining to global smart irrigation controllers?
•    What are the major challenges inhibiting the growth of the global smart irrigation controllers market?
•    What is the competitive strength of the key players in the smart irrigation controllers market on the basis of analyses of their recent developments, product offerings, and regional presence?

Market Overview

Smart Irrigation Controllers Market Analysis by BIS Research projects the market to grow at a significant CAGR of 15.0% during the

Market Overview and Estimation

Scarcity of water is the most significant environmental concern at present. The commercial and agriculture industry uses majority of the water resources at present, the residential sector, to have become a major end user of the same. This trend can be witnessed across developed countries.

Studies have highlighted that majority of the residential usage of water resources is being used for the purpose of landscape irrigation. Even though irrigation is must for maintaining the health of the plant, however, excess watering can also lead to a negative impact on both the environment and economy.

With a considerable increase in the global population, declining agricultural lands, and depletion of natural resources, the necessity to augment farm yield has become critical. However, limited availability of natural resources such as fresh water and arable land, along with sluggish rate of yield in several staple crops, have further aggravated the issue.

Another concern plaguing the agriculture industry is the shifting structure of agricultural workforce toward the non-agriculture or service industry. Owing to the decline in the agricultural workforce, adoption of internet connectivity solutions, adoption of smart technologies in agriculture has increased.

To fulfil the growing demand for the agricultural produce from the limited resources, has provided a platform to the agriculture machinery developers and technology vendors to introduce innovative solutions in the agricultural arena. These solutions are focused on supporting farmers to fulfil the supply-demand gap by ensuring high yield, profitability, and protection of the environment.

The approach of using smart technology to ensure optimum application of water to achieve high crop yields and reduce operational costs is called smart irrigation. Smart irrigation controllers are being used in the residential and commercial industry since 2000. Smart irrigation controllers reduce the outdoor water usage by monitoring and controlling the information about the site and then applying the required amount of water. 

Smart irrigation controllers are the new generation of irrigation controllers. They make use of the weather conditions, current and historic evapotranspiration, soil moisture levels, and other factors to meet the water demand with regard to plants.

According to the market intelligence study published by BIS Research, the global smart irrigation controllers market generated a revenue of $207.60 million in 2018 and is expected to reach $480.19 million by 2024. The market is projected to grow at a CAGR of 15% during the forecast period from 2019 to 2024.

Smart Irrigation Controllers Market

 

Growth Drivers

 

• Increasing Demand for Water Conservation

• Increasing Government Initiatives and Investments
• Growth in Adoption of Smart Agriculture Practices

 

Market Challenges

 

• High Technological Costs and Limited Technical Knowledge and Skills

• Lack of Standardization in the Smart Irrigation Industry

 

Market Opportunities

 

• Data Management of Farms With the Help of Big Data

• Advancement in Communication Technologies
 

 

Growth Factors

  • Demand for Water Conservation: Water scarcity is a major problem being faced by several countries across the globe. The use of water has been increasing at more than twice the rate of increase in the global population. Moreover, to improve water usage efficiency, startups are now innovating in the smart irrigation area, as well as farmers have started using sensor-based smart irrigation systems using irrigation intelligence on the basis of the real-time field data.
  • Government Initiatives and Investments: Increasing concerns over global food security and sustainability have facilitated heavy investments by governments across the world. The global smart irrigation controllers market is strongly driven by the massive support of the government in terms of investments, favorable initiatives, and trade policies. Countries across the Asia-Pacific region are heavily implementing national strategies in order to support the modernization of smart irrigation technologies.
  • Adoption of Smart Agriculture Practices: With the exponential growth of population, subsequent rise in demand for food, shrinking agricultural lands, and depletion of finite natural resources, the need to enhance farm yield has become critical. The increase in urban population in developing countries, along with the enhancement of quality of living due to high income levels are boosting the demand for crop production.

 

Table of Contents

Market Dynamics

         1.1    Market Drivers
                  1.1.1    Increasing Demand for Water Conservation
                  1.1.2    Increasing Government Initiatives and Investments
                  1.1.3    Growth in Adoption of Smart Agriculture Practices
         1.2    Market Restraints
                  1.2.1    High Technological Costs and Limited Technical Knowledge and Skills
                  1.2.2    Lack of Standardization in the Smart Irrigation Industry
         1.3    Market Opportunities
                  1.3.1    Data Management of Farms With the Help of Big Data
                  1.3.2    Advancement in Communication Technologies

Competitive Landscape

         2.1    Key Market Developments and Strategies
                  2.1.1    Product Launches and Developments
                  2.1.2    Mergers and Acquisitions
                  2.1.3    Business Expansion and Contracts
                  2.1.4    Partnerships, Collaborations, and Joint Ventures
                  2.1.5    Others (Awards and Recognitions)
         2.2    Competitive Benchmarking

Industry Analysis

         3.1    Patent Analysis
                  3.1.1    Patent Analysis by Status
         3.2    Pricing Trends
         3.3    Investment and Funding Landscape
         3.4    Opportunity Matrix

Global Smart Irrigation Controllers Market (by Type)

         4.1    Assumptions and Limitations for Analysis and Forecast of the Global Smart Irrigation Controllers Market
         4.2    Market Overview
         4.3    Weather-Based Controllers
         4.4    Soil- Based Controllers

Global Smart Irrigation Controllers Market (by End-User Industry)

         5.1    Market Overview
         5.2    Agriculture Industry
         5.3    Non-Agriculture Industry

Global Smart Irrigation Controllers Market (by Region)

         6.1    North America
                  6.1.1    North America (by End-User Industry)
                  6.1.2    North America (by Country)
                              6.1.2.1    U.S.
                              6.1.2.2    Canada
                              6.1.2.3    Mexico
                              6.1.2.4    Rest-of-North America
         6.2    Asia-Pacific (APAC)
                  6.2.1    Asia-Pacific (by End-User Industry)
                  6.2.2    Asia-Pacific (by Country)
                              6.2.2.1    China
                              6.2.2.2    India
                              6.2.2.3    Japan
                              6.2.2.4    Australia and New Zealand (ANZ)
                              6.2.2.5    Rest-of-Asia-Pacific
         6.3    Europe
                  6.3.1    Europe (by End-User Industry)
                  6.3.2    Europe (by Country)
                              6.3.2.1    Germany
                              6.3.2.2    France
                              6.3.2.3    The Netherlands
                              6.3.2.4    U.K.
                              6.3.2.5    Spain
                              6.3.2.6    Rest-of-Europe
         6.4    Rest-of-the-World (RoW)
                  6.4.1    Rest-of-the-World (by End-User Industry)
                  6.4.2    RoW (by Country)
                              6.4.2.1    Brazil
                              6.4.2.2    Argentina
                              6.4.2.3    Israel
                              6.4.2.4    South Africa
                              6.4.2.5    Others

Company Profiles

         7.1    Overview
         7.2    Calsense
                  7.2.1    Company Overview
                  7.2.2    Role of Calsense in Irrigation Smart Irrigation Controllers Market
                  7.2.3    SWOT Analysis
         7.3    Galcon Ltd.
                  7.3.1    Company Overview
                  7.3.2    Role of Galcon Ltd. in Smart Irrigation Controllers Market
                  7.3.3    SWOT Analysis
         7.4    Holman Industries
                  7.4.1    Company Overview
                  7.4.2    Role of Holman Industries in Smart Irrigation Controllers Market
                  7.4.3    SWOT Analysis
         7.5    Hunter Industries
                  7.5.1    Company Overview
                  7.5.2    Role of Hunter Industries in Smart Irrigation Controllers Market
                  7.5.3    SWOT Analysis
         7.6    HydroPoint Data Systems, Inc.
                  7.6.1    Company Overview
                  7.6.2    Role of HydroPoint Data Systems, Inc. in Smart Irrigation Controllers Market
                  7.6.3    SWOT Analysis
         7.7    K-Rain Manufacturing Corporation
                  7.7.1    Company Overview
                  7.7.2    Role of K-Rain Manufacturing Corporation in Smart Irrigation Controllers Market
                  7.7.3    SWOT Analysis
         7.8    Lindsay Corporation
                  7.8.1    Company Overview
                  7.8.2    Role of Lindsay Corporation in Smart Irrigation Controllers Market
                  7.8.3    Financials
                  7.8.4    SWOT Analysis
         7.9    Nelson Irrigation Corporation
                  7.9.1    Company Overview
                  7.9.2    Role of Nelson Irrigation Corporation in Smart Irrigation Controllers Market
                  7.9.3    SWOT Analysis
        7.10   Netafim
                  7.10.1    Company Overview
                  7.10.2    Role of Netafim in Smart Irrigation Controllers Market
                  7.10.3    SWOT Analysis
        7.11   Rachio, Inc.
                  7.11.1    Company Overview
                  7.11.2    Role of Rachio, Inc. in Smart Irrigation Controllers Market
                  7.11.3    SWOT Analysis
        7.12   Rain Bird Corporation
                  7.12.1    Company Overview
                  7.12.2    Role of Rain Bird Corporation in Smart Irrigation Controllers Market
                  7.12.3    SWOT Analysis
        7.13   TevaTronic LTD
                  7.13.1    Company Overview
                  7.13.2    Role of TevaTronic LTD in Smart Irrigation Controllers Market
                  7.13.3    SWOT Analysis
        7.14   The Toro Company
                  7.14.1    Company Overview
                  7.14.2    Role of The Toro Company in Smart Irrigation Controllers Market
                  7.14.3    Financials
                  7.14.4    SWOT Analysis
        7.15   Valmont Industries, Inc.
                  7.15.1    Company Overview
                  7.15.2    Role of Valmont Industries, Inc. in Smart Irrigation Controllers Market
                  7.15.3    Financials
                  7.15.4    SWOT Analysis
        7.16   Weathermatic
                  7.16.1    Company Overview
                  7.16.2    Role of Weathermatic in Smart Irrigation Controllers Market
                  7.16.3    SWOT Analysis

Report Scope and Methodology

         8.1    Report Scope
         8.2    Smart Irrigation Controllers Market Research Methodology
                  8.2.1    Assumptions
                  8.2.2    Limitations
                  8.2.3    Primary Data Sources
                  8.2.4    Secondary Data Sources
                  8.2.5    Data Triangulation
                  8.2.6    Market Estimation and Forecast

List of Tables

Table 1:    Market Snapshot: Global Smart Irrigation Controllers Market
Table 1.1:    Impact Analysis of Drivers
Table 1.2:    Initiatives by Governments of Various Countries to Promote IoT
Table 1.3:    Impact Analysis of Restraints
Table 3.1:    Key Pricing Trends of Smart Irrigation Controllers Market (by Company)
Table 3.2:    Key Investments and Funding in Smart Irrigation Controllers Market, 2017-2019
Table 4.1:    Global Smart Irrigation Controllers Market (by Type), $Million, 2018-2024
Table 4.2:    Key Product Offerings in the Weather-Based Irrigation Controllers Segment
Table 4.3:    Key Developments Pertaining to Weather-Based Irrigation Controllers
Table 4.4:    Key Product Offerings in the Soil-Based Irrigation Controllers Segment
Table 4.5:    Key Developments Pertaining to Soil-Based Irrigation Controllers
Table 5.1:    Global Smart Irrigation Controllers Market (by End-User Industry), $Million, 2018-2024
Table 6.1:    Global Smart Irrigation Controllers Market (by Region), $Million, 2018-2024
Table 6.2:    North America Smart Irrigation Controllers Market (by End-User Industry), $Million, 2018-2024
Table 6.3:    North America Smart Irrigation Controllers Market (by Country), $Million, 2018-2024
Table 6.4:    Asia-Pacific Smart Irrigation Controllers Market (by End-User Industry), $Million, 2018-2024
Table 6.5:    Asia-Pacific Smart Irrigation Controllers Market (by Country), $Million, 2018-2024
Table 6.6:    Key Companies and Their Products
Table 6.7:    Europe Smart Irrigation Controllers Market (by End-User Industry), $Million, 2018-2024
Table 6.8:    Europe Smart Irrigation Controllers Market (by Country), $Million, 2018-2024
Table 6.9:    RoW Smart Irrigation Controllers Market (by End-User Industry), $Million, 2018-2024
Table 6.10:    RoW Smart Irrigation Controllers Market (by Country), $Million,  2018-2024
Table 6.11:    South Africa Institutional Innovations, Programmatic Interventions, and Implementation
Table 7.1:    Calsense: Product Portfolio
Table 7.2:    Galcon Ltd.: Product Portfolio
Table 7.3:    Holman Industries: Product Portfolio
Table 7.4:    Hunter Industries: Product Portfolio
Table 7.5:    HydroPoint Data Systems, Inc.: Product Portfolio
Table 7.6:    K-Rain Manufacturing Corporation: Product Portfolio
Table 7.7:    Lindsay Corporation: Product Portfolio
Table 7.8:    Nelson Irrigation Corporation: Product Portfolio
Table 7.9:    Netafim: Product Portfolio
Table 7.10:    Rachio, Inc.: Product Portfolio
Table 7.11:    Rain Bird Corporation: Product Portfolio
Table 7.12:    TevaTronic LTD: Product Portfolio
Table 7.13:    The Toro Company: Product Portfolio
Table 7.14:    Valmont Industries, Inc.: Product Portfolio
Table 7.15:    Weathermatic: Product Portfolio

List of Figures

Figure 1:    Global Smart Irrigation Controllers Market Snapshot
Figure 2:    Global Smart Irrigation Controllers Market (by Type), 2019 and 2024
Figure 3:    Global Smart Irrigation Controllers Market (by End-User Industry), 2019 and 2024
Figure 4:    Regional Smart Irrigation Controllers Market Snapshot
Figure 5:    Global Smart Irrigation Controllers Market (by Country)
Figure 1.1:    Market Dynamics
Figure 1.2:    Inefficient Use of Water Across Different Sectors
Figure 2.1:    Strategies Adopted by the Key Players (January 2016-November 2019)
Figure 2.2:    Share of Key Market Strategies and Developments (January 2016- November 2019)
Figure 2.3:    Product Launches and Developments Share (by Company)
Figure 2.4:    Mergers and Acquisitions Share (by Company)
Figure 2.5:    Business Expansion and Contracts Share (by Company)
Figure 2.6:    Partnerships, Collaborations, and Joint Ventures Share (by Company)
Figure 2.7:    Competitive Benchmarking of Key Players in Smart Irrigation Controllers Industry
Figure 3.1:    Year-Wise Patents Filed Globally for Smart Irrigation Controllers, 2017-2019
Figure 3.2:    Patent Analysis (by Status), January 2017 to December 2019
Figure 3.3:    Global Smart Irrigation Controllers Market Opportunity Matrix (by Region), 2019 and 2024
Figure 4.1:    Smart Irrigation Controllers (by Type)
Figure 4.2:    Global Smart Irrigation Controllers Market (by Type)
Figure 4.3:    Types of Weather-Based Irrigation Controllers
Figure 4.4:    Weather-Based Smart Irrigation Controllers Market, 2018-2024
Figure 4.5:    Soil-Based Irrigation Controllers Market, $Million, 2018-2024
Figure 5.1:    Smart Irrigation Controllers Market (by End-User Industry)
Figure 5.2:    Smart Irrigation Controllers Market (by End-User Industry)
Figure 5.3:    Smart Irrigation Controllers Industry Market (Agriculture Industry), 2018-2024
Figure 5.4:    Smart Irrigation Controllers Industry Market (Non-Agriculture Industry), $Million, 2018-2024
Figure 6.1:    Smart Irrigation Controllers Market (by Region) Snapshot
Figure 6.2:    North America Smart Irrigation Controllers Market, 2018-2024
Figure 6.3:    North America Smart Irrigation Controllers Market (by End-User Industry)
Figure 6.4:    North America Smart Irrigation Controllers Market (by Country)
Figure 6.5:    U.S. Smart Irrigation Controllers Market, 2018-2024
Figure 6.6:    Canada Smart Irrigation Controllers Market, 2018-2024
Figure 6.7:    Mexico Smart Irrigation Controllers Market, 2018-2024
Figure 6.8:    Rest-of-North America Smart Irrigation Controllers Market, 2018-2024
Figure 6.9:    APAC Smart Irrigation Controllers Market, 2018-2024
Figure 6.10:    Asia-Pacific Smart Irrigation Controllers Market (by End-User Industry)
Figure 6.11:    Asia-Pacific Smart Irrigation Controllers Market (by Country)
Figure 6.12:    China Smart Irrigation Controllers Market, 2018-2024
Figure 6.13:    India Smart Irrigation Controllers Market, 2018-2024
Figure 6.14:    Japan Smart Irrigation Controllers Market, 2018-2024
Figure 6.15:    ANZ Smart Irrigation Controllers Market, 2018-2024
Figure 6.16:    Rest-of-APAC Smart Irrigation Controllers Market, 2018-2024
Figure 6.17:    Europe Smart Irrigation Controllers Market, 2018-2024
Figure 6.18:    Europe Smart Irrigation Controllers Market (by End-User Industry)
Figure 6.19:    Europe Smart Irrigation Controllers Market (by Country)
Figure 6.20:    Germany Smart Irrigation Controllers Market, 2018-2024
Figure 6.21:    France Smart Irrigation Controllers Market, 2018-2024
Figure 6.22:    The Netherlands Smart Irrigation Controllers Market, 2018-2024
Figure 6.23:    U.K. Smart Irrigation Controllers Market, 2018-2024
Figure 6.24:    Spain Smart Irrigation Controllers Market, 2018-2024
Figure 6.25:    Rest-of-Europe Smart Irrigation Controllers Market, 2018-2024
Figure 6.26:    RoW Smart Irrigation Controllers Market, 2018-2024
Figure 6.27:    RoW Smart Irrigation Controllers Market (by End-User Industry)
Figure 6.28:    RoW Smart Irrigation Controllers Market (by Country)
Figure 6.29:    Brazil Smart Irrigation Controllers Market, 2018-2024
Figure 6.30:    Argentina Smart Irrigation Controllers Market, 2018-2024
Figure 6.31:    Israel Smart Irrigation Controllers Market, 2018-2024
Figure 6.32:    South Africa Smart Irrigation Controllers Market, 2018-2024
Figure 6.33:    Others Smart Irrigation Controllers Market, 2018-2024
Figure 7.1:    Segmentation of Key Companies Profiled
Figure 7.2:    Calsense: SWOT Analysis
Figure 7.3:    Galcon Ltd.: SWOT Analysis
Figure 7.4:    Holman Industries: SWOT Analysis
Figure 7.5:    Hunter Industries: SWOT Analysis
Figure 7.6:    HydroPoint Data Systems, Inc.: SWOT Analysis
Figure 7.7:    K-Rain Manufacturing Corporation: SWOT Analysis
Figure 7.8:    Lindsay Corporation: Overall Financials, 2016-2018
Figure 7.9:    Lindsay Corporation: Net Revenue by Business Segment, 2016-2018
Figure 7.10:    Lindsay Corporation: Net Revenue by Regional Segment, 2016-2018
Figure 7.11:    Lindsay Corporation: SWOT Analysis
Figure 7.12:    Nelson Irrigation Corporation: SWOT Analysis
Figure 7.13:    Netafim: SWOT Analysis
Figure 7.14:    Rachio, Inc.: SWOT Analysis
Figure 7.15:    Rain Bird Corporation: SWOT Analysis
Figure 7.16:    TevaTronic LTD: SWOT Analysis
Figure 7.17:    The Toro Company: Overall Financials, 2016-2018
Figure 7.18:    The Toro Company: Net Revenue by Business Segment, 2016-2018
Figure 7.19:    The Toro Company: Net Revenue by Regional Segment, 2016-2018
Figure 7.20:    The Toro Company: SWOT Analysis
Figure 7.21:    Valmont Industries, Inc.: Overall Financials, 2016-2018
Figure 7.22:    Valmont Industries, Inc.: Net Revenue by Business Segment, 2016-2018
Figure 7.23:    Valmont Industries, Inc.: Net Revenue by Regional Segment, 2016-2018
Figure 7.24:    Valmont Industries, Inc.: SWOT Analysis
Figure 7.25:    Weathermatic: SWOT Analysis
Figure 8.1:    Global Smart Irrigation Controllers Market Scope
Figure 8.2    Global Smart Irrigation Controllers Market Segmentation
Figure 8.3:    Report Methodology
Figure 8.4:    Primary Interviews Breakdown, by Player, Designation, and Country
Figure 8.5:    Sources of Secondary Research
Figure 8.6:    Data Triangulation
Figure 8.7:    Top Down-Bottom-Up Approach for Market Estimation

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