24 Oct, 2024
The demand for irrigation controllers is witnessing tremendous growth in the residential sector for their smart watering features. Urban agriculture and the growing trend of rooftop gardens accelerate the demand for irrigation controllers. The incorporation of rooftop gardens on high-raised buildings and the use of irrigation controllers for maintaining the garden drive market growth. Accurate watering with irrigation controllers helps save water and avoid leakages and weakening of the building roof. In Europe and the U.S., the roof gardens have been witnessing huge demand in the past few years, while tropical nations such as Malaysia, Dubai, and Australia are showing signs of adoption.
The COVID-19 outbreak has caused a decline of around 4% in the global economy. The imposition of government lockdowns and social distancing norms worldwide has negatively impacted production capacities and created disruptions in the global supply chain. The unavailability of raw-materials and shortages in the workforce have created uncertainties for various industries. As the events surrounding the coronavirus unfold, the companies providing irrigation controllers are adopting the necessary steps and practices to ensure the safety of employees and customers.
The key players are manufacturing irrigation controllers to enable consumers in the agriculture sector to maintain the supply of essential food and grains. Due to the effects of the virus, the key participants have reduced production levels in areas that are largely affected, further reducing the demand for irrigation controllers. The risks and challenges associated with the pandemic have negatively impacted key player’s businesses while limiting the industry’s revenue potential.