Rapid surge in the market is credited to the soaring demand from housing sector for sprinklers and growing importance towards landscaping services.
(businesspress24) - The global smart sprinkler controller market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the soaring demand from housing sector for sprinklers and growing importance towards landscaping services. Additionally, rise in the number of smart homes and substantial increase in infrastructural spending by local governments across the globe are expected to drive the growth of smart sprinkler controller market. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of smart sprinkler controllers.
Increasing product penetration in newer market and growing demand for residential as well as commercial sector, are predicted to foster the growth of the market over the forecast period. In addition, rising per capita income and improved living standards, particularly in the North America region, is expected to drive the growth of smart sprinkler controller market during the coming years.
Development of safer and more eco-friendly smart sprinklers is expected to boost market demand in the upcoming years. In addition, adoption of variable speed drives, cruise control, and different drive options are forecasted to favor market developments over the coming years. Growing preference from end-users for advanced smart sprinklers with exclusive features such as various safety options and variable speed drives are anticipated to fuel market growth over the forecast period.
The smart sprinkler controller market is broadly categorized into three major segments based on the product type such as smart controllers, tap timers, and basic controllers. Smart controllers segment is growing rapidly in the market with substantial revenue generation in the last few years. Based on application type, market is divided into residential sector, commercial sector, agriculture industry and sports sector.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in automation industry, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the smart sprinkler controller market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising disposable income, increasing manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the smart sprinkler controller market are Droplet Inc., Rachio, Inc., Skydrop, LLC, HUNTER INDUSTRIES LLC, Orbit Irrigation Products, Inc., Rain Bird Corp., RainMachine - Green Electronics LLC, Netro Corp., NxEco - SYNNEX Corp., and Plaid Systems, LLC.
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Date: 09/26/2019 - 12:10
Language: English
News-ID 1552580
Character count: 3454
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Freigabedatum: 26.09.2019
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