This market research report includes a detailed segmentation of the global sprinkler systems market by product type (controllers, sensors, valves, flow meters, and others). It also outlines the market shares of key regions such as Europe, North America, APAC, and ROW. The key vendors analyzed in this report are Jain irrigation, Netafim, Valmont, TORO, and Nelson irrigation.
Technavio’s market research analysts estimate the global sprinkler system market, to grow at a CAGR of around 15% between 2016 and 2020. The rising scarcity of water is the primary driver for the growth of the market. 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. North America accounts for 40% of the global sprinkler systems market 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.
The new market research report from Technavio provides a breakdown and analysis of the sprinkler segments by technology.
“One of the latest trends gaining traction in this 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,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
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 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.
The leading vendors in the global sprinkler system market include Jain irrigation, Netafim, Valmont, TORO, and Nelson irrigation. The 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.
A more detailed analysis is available in the Technavio report, Global Sprinkler System Market 2016-2020.
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