Smart Sprinkler Irrigation Systems Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR44991
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The smart sprinkler irrigation systems market size has the potential to grow by USD 442.81 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (commercial and residential) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including GREEN ELECTRONICS LLC, Hunter Industries Inc, Netro Inc., NxEco Inc., Orbit Irrigation Products LLC, Rachio Inc., Rain Bird Corp., Sprinkl.io LLC, The Scotts Miracle-Gro Co., and Weathermatic.

Market Overview

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Market Competitive Analysis

The smart sprinkler irrigation systems market is fragmented. The competition among the existing vendors in the market is moderate. This is because the vendors compete to increase their market shares based on price, product differentiation, and product portfolio. GREEN ELECTRONICS LLC, Hunter Industries Inc, and Netro Inc. are some of the major market participants. Although the convenience of remote access and innovation in technology will offer immense growth opportunities, app interface issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this smart sprinkler irrigation systems market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this smart sprinkler irrigation systems market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • GREEN ELECTRONICS LLC
  • Hunter Industries Inc
  • Netro Inc.
  • NxEco Inc.
  • Orbit Irrigation Products LLC
  • Rachio Inc.
  • Rain Bird Corp.
  • Sprinkl.io LLC
  • The Scotts Miracle-Gro Co.
  • Weathermatic

Smart Sprinkler Irrigation Systems Market: Segmentation by Geography

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North America was the largest smart sprinkler irrigation systems market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing demand for smart watering systems and water-related landscaping services will significantly drive smart sprinkler irrigation systems market growth in this region over the forecast period.

33% of the market’s growth will originate from North America during the forecast period. The US is a key market for smart sprinkler irrigation systems in North America. Market growth in this region will be faster than the growth of the market in other regions.

Smart Sprinkler Irrigation Systems Market: Segmentation by End-user

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Landscape contractors use smart irrigation equipment to manage large areas at less time and cost. Many of these products are particularly designed for the commercial lawn care market. The acceleration in the growth of the service revenue of landscaping will encourage landscaping firms to invest in smart sprinkler irrigation systems. Increased product improvements will also be a source of growth in the sale of equipment to landscaping firms. These factors are expected to fuel the growth of the smart sprinkler irrigation systems market in the commercial segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart sprinkler irrigation systems market size.

Smart Sprinkler Irrigation Systems Market: Key Drivers and Trends

Smart sprinkler irrigation systems can be connected to WiFi and accessed remotely through smartphones and laptops. Users can also start or stop the supply of water from their mobile devices. Additionally, these sprinkler systems also allow users to customize each zone and schedule water sprinkling based on the soil and plant type, sun exposure, and nozzles. The convenience and innovation in technology are major factors driving smart sprinkler irrigation systems market growth. 

The rising need for landscaping and improving the aesthetics of commercial and residential spaces has influenced the demand for smart sprinkler irrigation systems. Landscaping increases the property value and the replacement demand for equipment and also yield environmental benefits. The trend of staying home and upgrading the gardens by planting ponds, accessories, and waterfalls to improve the aesthetic feel of their homes, has grown exponentially. This increased interest in landscaping will be one of the major smart sprinkler irrigation systems market trends that will influence market growth. Such factors will drive smart sprinkler irrigation systems market growth at a CAGR of over 17% during the forecast period.

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Smart Sprinkler Irrigation Systems Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart sprinkler irrigation systems market growth during the next five years
  • Precise estimation of the smart sprinkler irrigation systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart sprinkler irrigation systems industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart sprinkler irrigation systems market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart sprinkler irrigation systems market growth will increase by $442.81 million during 2019-2024.
The smart sprinkler irrigation systems market is expected to grow at a CAGR of 17.31% during 2019-2024.
Technavio has segmented the smart sprinkler irrigation systems market by end user (Commercial and Residential) and geographic (North America, APAC, Europe, MEA, and South America).
GREEN ELECTRONICS LLC, Hunter Industries Inc, Netro Inc., NxEco Inc., Orbit Irrigation Products LLC, Rachio Inc., Rain Bird Corp., Sprinkl.io LLC, The Scotts Miracle-Gro Co., Weathermatic are a few of the key vendors in the smart sprinkler irrigation systems market.
North America will register the highest growth rate of 33.26% among the other regions. Therefore, the smart sprinkler irrigation systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart sprinkler irrigation systems market growth are:
  • Convenience of remote access and innovation in technology
  • Increased interest in landscaping
The smart sprinkler irrigation systems market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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