Market Leader - Irrigation Controllers Market
The global irrigation controllers market is estimated to be valued at USD 529.2 Million in 2017 and is projected to grow at a CAGR of 17.53% from 2017 to 2022. The key players in the irrigation controllers market include Valmont Industries (US), Lindsay Corporation (US), Toro (US), Rain Bird (US), Hunter Industries (US), Netafim (Israel), Hydropoint Data Systems (US), Calsense (US), Galcon (Israel), Rachio (US), Weathermatic (US), GreenIQ (Israel), and Nelson Irrigation (US).
Strategic acquisitions and organic expansions were the core strengths of the leading players in the irrigation controllers market; these strategies were adopted by the players to increase their market presence. They also helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their production capacities. Market leaders such as Valmont Industries (US), Lindsay Corporation (US), and Toro (US) successfully tapped the potential markets through expansions, investments, acquisitions, agreements, and joint ventures.
Valmont Industries (US) is one of the leading companies in the irrigation controllers industry. The company develops control panels to be used along with irrigation controllers. The controllers manufactured by the company are smart controllers which can be remotely operated using Wi-Fi and Bluetooth connectivity. The company mainly focuses on strategies such as partnerships and acquisitions in order to increase its footprints globally. For instance, in 2014, Valmont acquired major stakes in AgSense (US), a major agricultural technology company, in order to expand its smart controllers’ product portfolio. Strong global presence and well-established R&D activities are the major factors contributing to the high potential of this company in the irrigation controllers market. In 2013, Valmont Industries (US) partnered with Farmers Edge (Canada) to provide synergy equipment to the farmers in Europe and Asia.
Hunter Industries (US) is a leading company in the irrigation controllers market; it is engaged in the manufacturing and marketing of a broad range of irrigation solutions for residential, golf course, sports turf, and residential applications. Hunter Industries works in close cooperation with its customers and farmers to meet the requirements of irrigation controllers to minimize water consumption in non-agricultural applications. The company aims to increase its business in emerging as well as established markets to develop a significant global reach by adopting organic and inorganic strategies. For instance, between 2015 and 2016, the company acquired local companies such as Senninger Irrigation (US) and Alex-Tronix (US) to gain a significant market share in the North American region.
Related Reports:
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
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