The "Irrigation Controllers Market by Type (Weather-based and Sensor-based), Product (Smart Controllers, Tap Timers, and Basic Controllers), Application (Non-agriculture and Agriculture), Irrigation Type, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The irrigation controllers market is estimated to be valued at USD 529.2 Million in 2017 and is projected to reach USD 1,186.6 Million by 2022, at a CAGR of 17.53%.

The market is driven by the increasing need for water conversation and growing use of modern farming practices. Furthermore, factors such as rapid growth in the lawn and garden equipment market are expected to increase the demand for irrigation controllers. However, the high initial investment cost and declining farm incomes are expected to restrict the market growth. Additionally, design challenges are resulting in low demand from labor-intensive economies and are expected to pose a challenge to the global market.

Asia Pacific is projected to be the fastest-growing irrigation controllers market over the next five years. The major drivers for the growth of the Asia Pacific market include the climatic conditions, strong government support, increased productivity, and increased need for reducing wastage of water. The key countries considered under this region are China, Japan, Australia & New Zealand, India, and the Rest of Asia Pacific which includes Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and South Korea.

The global market for irrigation controllers is dominated by large players such as Valmont Industries (US), Lindsay Corporation (US), Toro (US), Hunter Industries (US), and Rain Bird (US). HydroPoint Data Systems (US), Netafim (Israel), Calsense (US), Glacon (Israel), Rachio (US), Weathermatic (US), Green IQ (Israel), and Nelson Irrigation (US) are a few other key market players that also have a significant share in the irrigation controllers market.

Market Dynamics

Drivers

  • Increasing Need for Water Conservation
  • Use of Modern Agriculture Practices
  • Increasing Global Demand for Lawn And Garden Equipment

Restraints

  • High Initial Cost of Installation
  • Declining Farm Income

Opportunities

  • Advancement in Communication Technologies
  • Shift from Flood Irrigation to Mechanized Irrigation

Challenges

  • Design Challenges Resulting in Low Demand from Developing Economies

Companies Mentioned

  • Calsense
  • Galcon
  • Greeniq
  • Hunter Industries
  • Hydropoint Data Systems
  • Lindsay Corporation
  • Nelson Irrigation
  • Netafim
  • Rachio
  • Rain Bird
  • Toro
  • Valmont Industries
  • Weathermatic

For more information about this report visit https://www.researchandmarkets.com/research/w2hcx5/global_irrigation?w=4