Smart Irrigation Market

Market Leadership - Smart Irrigation Market

The smart irrigation market is estimated to be worth USD 825.0 million in 2018 and is projected to reach USD 1,755.1 million by 2023, at a CAGR of 16.30% from 2018 to 2023. The major drivers for the smart irrigation market include initiatives undertaken by various governments to promote water conservation, surge in farming operating costs, and growing emphasis on increasing farm productivity and profits using smart irrigation solutions.

Hunter (US) is an established global leader in the development of residential, commercial, and golf course irrigation solutions, and landscape lighting. The company has a diversified product portfolio, which finds application in residential landscapes, stadiums, national landmarks, theme parks, city parks, commercial complexes, hotels, and municipal buildings around the world. The company is primarily focused on acquisitions to expand its business operations and geographic presence. For instance, in January 2016, the company acquired Senninger Irrigation (US), one of the leading providers of irrigation products and services. Moreover, the company follows the strategy of innovative product launches and enhancements to compete and grow in the market. For instance, in January 2016, the company launched a pressure-regulated body for rotors. This new product would assist in minimizing the pressure of rotor to enhance efficiency and minimize water wastage. Besides efficient product innovation, Hunter is known for being a leader in outstanding customer service, product training, and technical support in all of its business segments.

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Rain Bird Corporation (US) is one of the leading manufacturers and sellers of smart irrigation products. The company offers the broadest range of irrigation products for farms, golf courses, sports arenas, commercial developments, and homes in more than 130 countries around the globe. The company has over 450 patents worldwide; it was granted the first patent in 1935 for the impact sprinkler. The company offers over 4,000 irrigation-related products, such as sprinkler heads, rotors, and computer-operated control systems. The company strongly focuses on R&D and new product development as its key strategies for growth. It has one of the largest in-house irrigation testing centers in the world. Rain Bird is engaged in spreading awareness and educating people on water conservation. For this, the company has launched Rain Bird’s teaching curriculum, Rain Bird’s Forest Learning Center (US).

HydroPoint (US) is one of the leading players in the smart irrigation market. The company primarily focuses on offering innovative solutions that help minimize water and energy wastage, and enhance irrigation productivity. In January 2016, the company launched upgraded WeatherTRAK Mobile App 2. This new application has features such as remote control access and Android or iOS central management. The company also provides WeatherTRAK Central, which is the most powerful suite of smart irrigation applications in the industry, including smart irrigation manager, asset manager, drought compliance manager, water budget manager, and flow manager. HydroPoint’s platform technology continuously collects and analyzes weather data, detects leaks, and continuously monitors water uses. The company was recognized as the EPA’s WaterSense partner of the year in 2014 for innovative irrigation solutions. The company earned the distinction of being the EPA’s first chosen irrigation partner. HydroPoint has adopted product launch and acquisition as its key strategies to grow in the smart irrigation market. For instance, the company acquired Baseline, Inc. (US), a smart irrigation technology provider, in 2016. This acquisition strengthened HydroPoint smart water management technology portfolio and also helped in expanding its geographic footprint.

Related Reports:

Smart Irrigation Market by System Type (Weather-Based, Sensor-Based), Application (Smart Greenhouse, Open Field, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Geography - Global Forecast to 2023

Mr. Shelly Singh
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Report Code
SE 4267
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