Irrigation Controllers Market Valued at 896.36 Million in 2020 is Growing at a Phenomenal Pace of a CAGR 17.45% By 2028
According to analysts at Vantage Market Research, the Global Irrigation Controllers Market was valued at USD 896.36 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.45% between 2021 to 2028.
Agriculture is one of the leading sectors that has a direct impact on the economic development of the nation. Measures are taken in order to increase the efficiency and production from agriculture sector. An Irrigation controller is a tool that is used to provide water at right time and in adequate amount to have an enhanced productivity from the agricultural field. The device is considered as an electromechanical irrigation timer that possess a computer-based system to have a precise control of water, chemicals and energy even in adverse environmental conditions.
The market has been primarily driven by the advancement and adoption of farming practices aided with the growing need for water conservation and water utilization. Factors such as adoption of improved water use efficiencies, smart irrigation system, rapid growth in garden equipment with the prime aim to decrease water wastage is expected to augment the growth of the market across the globe.
Furthermore, with COVID-19 pandemic several countries have been under strict lockdown and has led to shutdown of agricultural activities which in turn has disrupted the supply of agricultural equipment’s. Shortage of labor, low investments, delay in delivery and shortage of equipment has further negatively impacted the market growth.
Moreover, adoption smart irrigation solution with the increased awareness among farmers regarding the advantages aided with high investment and promotion by governmental authorities turns out to be an opportunity for the growth of the market. However, High cost of advanced equipment’s as compared to traditional equipment’s has restrain the growth of the market.
Subsequently, Asia-Pacific is the leading region for the irrigation controllers’ market across the globe owing to the strong governmental support, adequate climatic conditions, rise in awareness regarding the reduction of wastage of water with a rise in demand for increased productivity.
Key market players in the global irrigation controller market are Delta-T Devices, The Toro Company, Orbit Irrigation Products and Storm Industries.
Browse the full Report - Irrigation Controllers Market by Type (Weather-based, Sensor-based) by Product (Smart Controllers, Tap Timers, Basic Controllers) by Application (Non-agriculture, Agriculture) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028