Absolute Markets Insights (AMI) reports a robust forecast for the WiFi sprinkler controllers market during the 2021-2029 period. In its newly released report, AMI anticipates that the U.S. WiFi sprinkler controllers market was valued at US$ 582.67 Mn in 2020, growing at a CAGR of 12.5% over the forecast period (2021 – 2029).
Rising Importance to Increase Farm Profit by Utilizing Smart Irrigation Solutions
The agriculture sector is experiencing a transformation, driven by the implementation and the advent of new technologies that are expected to show promising results which will enable in improving farm productivity and profitability. Agriculture is a critical sector of the U.S. economy and is expected to maintain its dominance as populations grows and economy develops. Sprinkler system is the fundamental method of irrigation in the U.S., which covers more than 70 percent of irrigated land in 2019. Majorly to help address two water-related environmental issues (e.g., inadequacy and environmental degradation), farmers are adopting wireless technologies. They set-up their own WLAN that sends data between devices, enabling them to access information remotely. This aids in more efficient and timely decision making capability. More than 30 percent of U.S. farms that have Internet access use wireless technology as their key method of accessing the Internet. The use of wireless technology on farms has grown rapidly over the years along with the availability and development of wireless technology for agriculture has also increased. With the adoption of wireless technology farmers now have real-time access to information on soil moisture levels, irrigation equipments and weather conditions. With access to such critical information, farmers are able to make informed-decisions regarding irrigation of the crop which has increased their profit and helps them in conserving water and improving water quality. These factors are driving the growth of U.S. WiFi sprinkler controllers market.
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Impact of COVID-19 Pandemic on U.S. WiFi Sprinkler Controllers Market
The COVID-19 pandemic has adversely impacted the operation of businesses across the globe. Government bodies in the U.S. have imposed several restrictions that has reduced the movement of people, and the operation of businesses. The use of IoT has increased over the last 12 months, accelerated by the onset of the pandemic. The pandemic is expected to positively impact the U.S. WiFi sprinkler controllers market in the coming years. Farming bodies are increasingly making use of IoT-based sprinkler systems for watering purposes, predominantly due to the rising need for improving social distancing amongst individuals in farms. Moreover, the growth of online distribution channel activities during the pandemic has also played a role in the rising adoption of Wi-Fi sprinkler controllers in recent times. The market participants are increasingly relying on online sales channels for reaching the end-users in the U.S. The flexibility provided by online sales channels in reaching the clients directly, coupled with option to pick and choose products with a click of a button is encouraging the companies to utilize these channels. Furthermore, finance handling and accounting is also made easier by using online sales channels. Amazon and Walmart are offering online sales channels which can be used by companies for distributing their products. Rachio inc., for instance, is providing a product called Rachio 3 Smart Sprinkler Controller for a discounted price of US$ 184.07, as opposed to the marked price of US$ 229.99.
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Increasing Adoption of IoT Based Devices
Internet of things (IoT) in the agricultural sector refers to the usage of sensors and other devices, that turns every part and action involved in farming into data. It has been estimated that more than 10 to 15% of the farmers in the U.S. are using IoT solutions on farms. By 2050, with implementation of new techniques, IoT offers the potential to increase agricultural productivity by almost 70%. IoT-based smart farming aids in monitoring the crop field with the assistance of sensors (light, temperature, humidity and soil moisture, amongst others.). This helps in automating the whole irrigation process. Farmers are able to monitor the field conditions remotely, hence it proves to be a highly efficient practice when compared to conventional approach. Another important factor is that IoT-based smart farming has the capability to track the usage of water as well as it can optimize inputs and treatments. Additionally, IoT based sprinkler controllers are also expected to grow exponentially across the residential sector. These factors are driving the growth of U.S. WiFi sprinkler controllers market.
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WiFi Sprinkler Controllers Market:
- 8 Zones
- 12 Zones
- 16 Zones
By Control Access
- Connected Devices
- Multiple Device Access
By End Users
- Home Owners
By Distribution Channel
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