(MENAFN- GlobeNewsWire - Nasdaq) The smart irrigation controllers market has witnessed significant growth in the past decade, owing to increasing concerns over water scarcity, rising adoption of IoT technology in agriculture, and growing focus on sustainable water management practices. These controllers offer precise water scheduling based on real-time weather data and soil moisture levels, resulting in improved efficiency and conservation of water resources.Wilmington, Delaware , Aug. 29, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Smart Irrigation Controllers Market by Type (Weather-Based Controllers, and Soil Based Controllers), and End Use (Agriculture and Non-agriculture): Global Opportunity Analysis and Industry Forecast, 2024-2032" . According to the report, the smart irrigation controllers market was valued at $1.3 billion in 2023, and is estimated to reach $3.3 billion by 2032, growing at a CAGR of 11.5% from 2024 to 2032.
Prime determinants of growth
The smart irrigation controllers market is primarily driven by the urgent need for water conservation amidst escalating global water scarcity concerns. Advanced technologies such as IoT and AI enable controllers to optimize water usage, reducing wastage and promoting sustainable irrigation practices. In addition, regulatory mandates and incentives further propel the market growth, while increasing awareness among consumers and businesses about the environmental and cost-saving benefits of smart irrigation systems also contributes to market expansion.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $1.3 billion |
| Market Size in 2032 | $3.3 billion |
| CAGR | 11.5% |
| No. of Pages in Report | 220 |
| Segments Covered | Type, End User and Region. |
| Drivers | Growing awareness of water scarcity issues Stringent regulations promoting water conservation Increasing adoption of precision agriculture |
| Opportunities | Increasing urbanization and demand for well-designed landscapes Continued innovation in smart irrigation technology |
| Restraint | High Initial Costs Technical Complexity |
The weather-based controllers segment is expected to exhibit fastest growth throughout the forecast period
By type, the weather-based controllers segment is anticipated to experience faster growth in the smart irrigation controllers market due to their dynamic adjustment capabilities based on real-time weather data. These controllers offer efficient water management by optimizing irrigation schedules according to changing weather conditions, appealing to users seeking convenience and water conservation. In addition, supportive government policies and increase in awareness of sustainability further drive the adoption of weather-based controllers over soil-based alternatives.
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The agriculture segment is expected to exhibit fastest growth throughout the forecast period
By end user, the agriculture segment is anticipated to experience faster growth for the smart irrigation controllers market due to increase in global demand for food production, coupled with limited water resources and the need for sustainable farming practices. Smart irrigation controllers offer precision irrigation solutions that optimize water usage, enhance crop yields, and reduce operational costs. In addition, advancements in precision agriculture technologies and regulatory pressures for water conservation further drive the adoption of smart irrigation systems in agriculture.
Asia-Pacific is expected to exhibit fastest growth throughout the forecast period
North America accounted for the highest market share in 2023, however Asia-Pacifc is expected to grow with a highest CAGR during the forecast period due to rapid urbanization, increasing agricultural activities, growing awareness of water conservation, and government initiatives to modernize agriculture and promote sustainable practices. In addition, the adoption of smart technologies and the emerging markets in the Asia-Pacific region further support the expected growth in this region compared.
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