Weather-based Irrigation Controllers Market valued at USD 396.23 Million and is Expected to Grow at a CAGR of 11.3% By 2028
According to analysts at Vantage Market Research, the Global Weather-based Irrigation Controllers Market was valued at USD 396.23 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.3% 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. A weather-based irrigation controller is a tool that has an automatic adjustment for the watering schedule depending on the weather condition present in the local environment. The device is considered to be a smart device and has a function of reducing the amount of water when weather cools down and adds water when it heats up.
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, North America is considered to the highest growing region for the weather-based irrigation market as manufacturers are showing focus on the region for business expansion due to the high growth potential and high attractiveness in the region. However, Europe and China are expected to show high growth rate owing to the increasing adoption of weather-based irrigation controllers at a very high pace.
Key market players in the global weather-based irrigation controller market are Valmont Industries, Calsense, Rachio and HydroPoint Data Systems.