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According to the sprinkler systems industry analysis, Technavio’s research analyst predicts the global sprinkler systems market to grow steadily at a CAGR of over 15% during the forecast period. The rising scarcity of water is the primary driver for the growth of the market. Demographic changes due to industrialization and rapid urbanization have resulted in unsustainable economic practices and degradation of natural resources. These factors have led to many problems across the globe, one of them is the shortage of water. The growing need for water coupled with significant water management issues is making water an expensive resource, forcing governments in various regions to put regulations on consumption of water.
One of the major sprinkler systems market trends that are gaining traction and additionally driving the growth of the market is the introduction of robotic sprinklers. Manufacturers of sprinkler systems have come up with robotic sprinklers to replace the old traditional sprinklers to save water and money. For instance, Droplet, a robotic sprinkler, waters only the area where there are plants. Through a cloud software system, this robotic sprinkler waters the grass, the trees, and the areas without indiscriminately watering the whole yard.
The controllers segment is the largest market in the sprinkler systems market and is expected to grow at a CAGR of over 18% during the forecast period. Initially, the growth of this segment was slow due to the high cost and lack of awareness among consumers. However, these devices are gaining popularity with the rising concerns of water scarcity, growing awareness of the benefits provided by the automatic sprinkler system, and the availability of ergonomically designed controllers with multiple functions.
As of 2015, North America dominated the global sprinkler systems market and accounted for a market share of over 40%, with the US being one of the largest contributors in this region. The landscaping of yards and outdoor spaces to provide aesthetic appeal to commercial and residential spaces for official as well as recreational activities has gained considerable momentum in the US. This will further drive the sprinkler system market in North America.
The global players dominate the global sprinkler systems and are increasingly expanding their footprint, making it difficult for regional players to contend with them in terms of quality, technology, and pricing. Not only do these players provide quality offerings but they also provide innovative solutions as part of their product portfolio. These players are further expected to expand their presence globally by acquiring regional or local players during the forecast period.
The leading vendors in the market are
Other prominent vendors in the market include EPC Industries, Irritrol, Lawn Genie, Nelson Irrigation, Orbit Irrigation, Products, and Rain Bird.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio
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