Water sprinkler is a huge market as the type of water sprinkler determines its application and consumer base. Water sprinkler market is a growing industry as the percentage of CAGR shows a steady growth over the forecast period. With the increase in smart irrigation systems the sales of sprinklers have boomed.
With water sprinklers the need for manual labor has reduced extensively and hence for large scale commercial application water sprinklers have become an absolute necessity and thus have increased the demand for water sprinklers.
Sprinklers are used in various sport field like football, cricket, golf etc. and the ground maintenance needs water sprinkler to water the fields in uniform and efficient manner. Water sprinklers are also used in fire extinguishing systems in malls, airports and various other commercial buildings.
The main drivers for water sprinkler market are commercial needs for lawn maintenance. Several households have their own water sprinkler system for easy and efficient watering of lawn and plants. The inclusion of smart irrigation system absolutely demands for water sprinklers.
The agricultural sector also has increasingly implemented water sprinkler for irrigation systems to reduce the manual labor and make it convenient for farmers. The increase in population also demands a lot from the food sector making it very important for farmers to turn to irrigation systems having water sprinklers.
Also with smart irrigation systems water can be supplied according to the need of the plants and so water is also saved and this is done with the help of water sprinklers.
The various innovations and expansion in water sprinkler market has led to various applications of water sprinkler. The current trend is fire extinguishing systems and types of sprinklers used are Wet pipe water Sprinkler systems, Dry pipe fire sprinkler systems, wet pipe fire sprinkler systems, foam fire sprinkler systems etc.
IOT based smart irrigation systems are also trending in the market although it takes a big initial investment which reduces its customer base
The market for water sprinkler is very fragmented as there are many manufacturers and companies in competition due to the low entry barrier in this industry and it being a lucrative opportunity. There are various types of products that can be made and innovating and customizing according to the customers’ needs can prove to be beneficial and lead to a great opportunity.
Especially in the countries in North America have shown a great demand and majority of growth comes from these countries hence tapping into that market will be a very lucrative opportunity for all players.
Due to the market being fragmented it is difficult to distinguish or create a leverage in the market, so innovating the product is a big challenge. Competitive pricing is one of the main challenges and concerns as the market is full of small players with competitive prices from local to global industries.
Due to the Covid-19 pandemic the industry has taken a hit due to less outdoor sports and less ground maintenance because of same ground utilization by many teams and clubs to reduce operating costs. Various commercial buildings or organizations also remaining closed has impacted to the demand a lot such challenges have to be faced by the water sprinkler market.
Some of the key players operating in the global Water Sprinkler market are
There have been acquisitions among companies to further build their customer base and expansion of market like Jain irrigation systems Ltd., acquired ETwater an innovation focused brand of cloud- based intelligent irrigation technology to make smart controllers.
North America is a very prominent market due to them having huge lush green lawns and a lot of green areas maintained by gardeners also more disposable income and bigger budget of the companies. Even households use water sprinklers for convenience of maintaining lawn.
Demand is also growing in developing economies as more and more users are shifting from traditional watering systems to modern systems. The regions of Asia, Europe, Africa, parts of Oceania have increased demand for the water sprinkler market and hence the global growth of this market is promising and will flourish in the upcoming years.
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Water Sprinkler Market
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