Emergence of Mist Sprinkler Systems a Key Trend for the Global Sprinkler System Market Until 2020, Says Technavio

According to the latest market research report by Technavio, the global sprinkler system market will reach over USD 682 million by 2020.

In this report, Technavio covers the present scenario and growth prospects of the global sprinkler system market for 2016-2020. To calculate the market size, the report use the revenue generated from the sale of garden sprinkler systems provided by companies worldwide.

The market is divided into the following segments based on product type:

• Controllers
• Sensors
• Valves
• Flow meters
• Others

“Mist sprinkler controllers can provide the required amount of water by plants with the help of solar-powered moisture sensors that can be placed throughout the yard. These sensors operate, based on the information from local weather forecasts. The system saves money on water bills even during droughts and provides the minimum amount of moisture required to maintain a healthy garden,” said Abhay Sinha, one of Technavio’s lead industry analysts for agricultural equipment research.

“The Mist controller (costs USD 150) in a mist system is an important fixture that can support up to 16 zones. It is connected to a Wi-Fi network, through which it gathers weather reports and waters the area according to the moisture requirement,” added Abhay.

Global sprinkler system market by geography 2015

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Sprinkler system market in North America

The sprinkler system market in North America was valued at USD 134.3 million in 2015. The need to provide an aesthetic appeal to commercial and residential spaces for official as well as recreational activities has increased the popularity of landscaping in the US. As a result, the landscaping of yards and outdoor spaces has gained considerable momentum, further propelling the growth of the sprinkler system market in North America.

In addition, growth in population, change in climate, and the growing demand for freshwater have led to concerns regarding conserving freshwater across the region. According to the state water board, outdoor irrigation makes up 44% of water use in the state’s urban and suburban communities, and hence water limits need to be made mandatory as a step toward water conservation. The US has built water storage and conveyance projects and engaged in other water development, management, and regulatory activities to increase the availability of water in the region. Such regulatory activities have forced users to consume less water for lawns and gardens. Thus, the demand for smart watering systems has increased the demand for smart sprinkler systems in the region.

Sprinkler system market in Europe

The sprinkler system market in Europe was valued at USD 94.66 million in 2015. In Europe, improvement in the economy has increased the amount of disposable income. The construction activity has increased in Europe and is expected to keep growing. It is likely that the new residential construction will grow by 3.2% between 2014 and 2016. People in Europe are also making huge investments in renovating their old houses and lawns. This increase in landscaping activities in the region will increase the demand for sprinkler systems over the next four years.

In addition, the region has seen positive growth in the tourism industry since the economic crisis in 2009. Travel and tourism contributed USD 1.51 trillion to the overall European GDP (9% of GDP) in 2013. Europe saw an increase of 22 million in tourist arrivals, thus reaching a total of 588 million tourist influx in 2014. This will indirectly lead to a rise in investment in landscaping, such as parks, public gardens, and residential and commercial green areas, to enhance the aesthetic appeal of the region, creating demand for sprinkler systems.

Sprinkler system market in APAC

The sprinkler system market in APAC was valued at USD 63.19 million in 2015. China and India are among the fastest growing economies in APAC as well as the world. Rapid economic development in these countries has led to a rise in the development of commercial and residential buildings projects, driving the construction industry. Also, there is an increase in the development of theme parks in China. A contract has been signed by the Chinese and the US companies to build Universal Studios theme park in Beijing. Six Flags, a real-estate developer in China, has announced to build and operate several parks in China over the next decade. premium products targeting adult consumers, especially women. Lotte ice cream emerged as the leading market player with a share of 15.1% in 2015.

According to a report from the Asian Development Bank (ADB) and the Asia Pacific Water Forum, rising populations and urbanization are fueling water crises across the region. Nearly 75% of the countries in APAC have low levels of water security. This will increase the demand for sprinkler systems, which will help reduce the amount of water used for watering gardens and lawns.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

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