The market for IoT irrigation controllers is expected to increase linearly, with a projected value of USD 1.16 billion in 2023 and a compound annual growth rate (CAGR) of 6.5% from 2024 to 2033. The market is expected to reach a value of USD 1.95 billion by 2033. The study report emphasizes the market for IoT irrigation controllers potential for expansion worldwide.
The market for IoT irrigation controllers is anticipated to increase steadily in the next few years. But for IoT irrigation controllers to become widely used, supply chain efficiency, cost reduction, and product differentiation are still essential. For industry participants to take advantage of the enormous prospects given by the IoT Irrigation Controller market, they must make strategic collaborations, engage in research and development, and match their offers with changing customer demands. Customers are seeking methods to cut back on their water use as they become more conscious of the value of water conservation. IoT irrigation controllers may assist customers in conserving water by giving them information about how much water they use and enabling them to modify their irrigation schedules accordingly.
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IoT Irrigation Controller Market Segmentation
By Application
- Residential
- Commercial
- Agriculture
Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Players
Rain Bird Corporation, Hunter Industries, The Toro Company, Rachio Inc., Netafim, Orbit Irrigation Products, Inc., Hydropoint Data Systems, Inc., Nelson Irrigation Corporation, Skydrop, Scotts Miracle-Gro Company, Baseline Systems, Galcon Ltd., GreenIQ, BlueSpray, Weathermatic, Banyan Water, Calsense, Jain Irrigation Systems Ltd., Irritrol Systems, ESPA S.A. and Valmont Industries, Inc. among others
Growth Driver
The market for IoT irrigation controllers has benefited from the wider adoption of smart agriculture techniques, which use IoT technology to increase farming productivity. To make well-informed judgments regarding irrigation schedules, soil moisture levels, and other pertinent parameters, the data generated by Internet of Things irrigation controllers may be examined. Better resource management is made possible by this data-driven strategy, which raises agricultural productivity and reduces costs. IoT irrigation controllers and other smart irrigation technologies have become more popular in some areas due to government policies and programs that support water conservation and sustainable agriculture.
Regional Analysis
In terms of market share for IoT irrigation controllers, North America is anticipated to lead the way in 2023. In 2023, the North American region is projected to hold a market share of over 40%. Rising water prices, high consumer discretionary income, and early adoption of innovative technology are all contributing factors to the growth of the North American industry. Throughout the projection period, the Europe region is anticipated to rank second in terms of market segmentation. In 2023, the Europe region is projected to hold a market share of over thirty percent. The rising demand for smart home devices and the growing awareness of water conservation are the main reasons for the rise of the European market.
The IoT irrigation controller market segment with the quickest rate of growth is anticipated to be Asia Pacific during the projected period. above the projection period, the Asia Pacific region is anticipated to increase at a compound annual growth rate (CAGR) of above 15%. The increased acceptance of IoT technology in the agriculture industry and the growing need for water-saving irrigation solutions are the main factors driving the growth of the Asia Pacific market.
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