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The irrigation timers and controllers market is projected to grow by USD 975.8 Million from 2024-2028, with AI driving market evolution and product innovations boosting revenue – Technavio

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NEW YORK, Sept. 23, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global irrigation timers and controllers market  size is estimated to grow by USD 975.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.64%  during the forecast period.  Innovation in product functionality and features is driving market growth, with a trend towards advent of smart timers and controllers,  However, high product and installation costs  poses a challenge – Key market players include Bermad CS Ltd., California Sensor Corp. Dba Calsense, DIG Corp., Fiskars Corp., Galcon Bakarim Agricultural Cooperative Society Ltd., Holman Industries, Hunter Industries Inc., Husqvarna AB, HydroPoint Data Systems Inc., K-Rain Manufacturing, Lindsay Corp., Nelson Irrigation Corp., Orbia Advance Corp. S.A.B. De C.V., Rachio Inc., Rain Bird Corp., Skydrop LLC, TALGIL Computing & Control LTD, The Toro Co., Valmont Industries Inc., and Weathermatic.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Agriculture and Non-agriculture), Product (Smart controllers and Basic controllers), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Bermad CS Ltd., California Sensor Corp. Dba Calsense, DIG Corp., Fiskars Corp., Galcon Bakarim Agricultural Cooperative Society Ltd., Holman Industries, Hunter Industries Inc., Husqvarna AB, HydroPoint Data Systems Inc., K-Rain Manufacturing, Lindsay Corp., Nelson Irrigation Corp., Orbia Advance Corp. S.A.B. De C.V., Rachio Inc., Rain Bird Corp., Skydrop LLC, TALGIL Computing & Control LTD, The Toro Co., Valmont Industries Inc., and Weathermatic

Key Market Trends Fueling Growth

The Irrigation Timers and Controllers market is experiencing substantial growth due to the increasing adoption of smart irrigation systems. Convenience through remote access is a major driving factor, enabling users to customize watering schedules for various zones based on soil type, plant requirements, sun exposure, and nozzle types. Advanced features include automatic weather readings for optimal watering, integration with virtual assistants like Amazon Alexa and Google Assistant, and compatibility with home automation systems such as Nest, Wink, IFTTT, Control4, and Nexia. Companies like Rachio and Rain Bird offer WiFi-enabled controllers, with Rachio’s Rachio WiFi Sprinkler Controller featuring voice control and Rain Bird’s ST8-WiFi Smart Irrigation Timer offering local weather-adjusted watering schedules. These features will stimulate market growth throughout the forecast period. 

The Irrigation Timers and Controllers market is witnessing significant growth due to the increasing adoption of smart irrigation equipment. Weather-based and sensor-based controllers are trending, providing efficient water usage by adjusting watering schedules based on local weather data, soil moisture levels, and plant requirements. Traditional tap timers are being replaced with smart controllers, reducing water wastage and environmental damage. Drought conditions have accelerated the demand for sustainable irrigation systems. Governmental policies and international organizations promote water conservation through modern farming techniques like micro-irrigation activities. Mechanized irrigation systems, including mechanical and electromechanical timers, computer-based systems, and intelligent controllers, are essential for agricultural production on large farms and non-agricultural lands like lawns, gardens, playgrounds, and golf courses. Sustainability and water conservation are key concerns, with certified products ensuring food security and minimizing climatic conditions’ impact. Smart irrigation methods, such as sensor-based and weather-based controllers, conserve water by considering evaporation, transpiration, and plant surface moisture content levels in the root zone. Modern farming techniques and mechanized irrigation facilities are crucial for agricultural lands, ensuring optimal water usage and efficient irrigation systems. 

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Market Challenges

The irrigation timers and controllers market faces growth challenges due to the substantial cost of purchasing and installing these systems. Many vendors underestimate the implementation expenses until the on-site testing phase. However, advancements in battery technology and economies of scale have led to a decrease in the cost of irrigation timers and controllers over the years. Despite this, a considerable upfront investment is still necessary for large-scale farm fields. End-users must also consider replacement costs. For instance, Rain Bird’s ST8O-WIFI Smart Irrigation Indoor/Outdoor WiFi Timer/Controller and 8-Zone controller cost approximately USD200. Low farm income remains a significant barrier to market growth, making the high product and installation costs a significant inhibitor during the forecast period.The Irrigation Timers and Controllers market is witnessing significant growth due to the increasing demand for efficient water management in various sectors. The challenges of freshwater and groundwater resources depletion have pushed the need for advanced irrigation systems. OECD countries and emerging economies are investing in soil-moisture based sensors and weather parameters to maintain optimal soil moisture levels. Agriculture sector is the major consumer, but non-agriculture sectors like residential constructions, DIY home lawns, golf courses, and sports grounds also contribute. High-net-worth individuals and cemeteries are also adopting irrigation timers and controllers. Weather-based and sensor-based systems are popular for non-agriculture applications, while agriculture uses controlled environment agriculture, drip or trickle, and sprinkler systems for open fields, cereals and grains, oilseeds and pulses, fruits and vegetables, sugarcane, tea, coffee, turf, forage, ornamental crops, and pastures.

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Segment Overview

This irrigation timers and controllers market report extensively covers market segmentation by

Application 1.1 Agriculture1.2 Non-agricultureProduct 2.1 Smart controllers2.2 Basic controllersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Agriculture-  The global population growth and the resulting food demand increase are driving the agricultural sector to adopt advanced equipment, including irrigation timers and controllers. These technologies help maximize profits by increasing yields and conserving water, becoming increasingly crucial due to rising raw material costs and water scarcity. Key vendors, such as Rain Bird, offer agriculture-specific solutions like the ESP-LXD controller, providing up to 96 hours of continuous runtime. Government initiatives, like agricultural loans in Canada, support farmers in purchasing necessary equipment and improving their operations. Additionally, there is a growing emphasis on sustainable farming practices, which focus on efficient resource usage, further fueling the demand for irrigation systems in agriculture.

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Research Analysis

The Irrigation Timers and Controllers market encompasses a range of technologies designed to automate and optimize watering systems for both agricultural and non-agricultural applications. These include Weather-based controllers, which adjust irrigation based on current and forecasted weather conditions, and Sensor-based controllers, which use soil moisture sensors to determine when to water. Smart controllers use data from weather and soil sensors to create customized irrigation schedules. Tap Timers and Basic controllers are simpler, manual options for smaller-scale irrigation needs. Water supplies can be a critical consideration, with drought conditions impacting irrigation availability and demand for smart irrigation equipment and systems increasing. Traditional irrigation types like Mechanical and Electromechanical timers are being replaced by Computer-based systems and Intelligent irrigation controllers. International organizations promote water conservation efforts, driving demand for modern farming techniques and non-agricultural applications like Sports grounds, golf courses, Residential properties, Pastures, parks, industrial commercial buildings, cemeteries, and more to adopt efficient irrigation systems.

Market Research Overview

The Irrigation Timers and Controllers market encompasses a range of technologies and applications, from basic timers to smart, sensor-based and weather-based controllers. These systems are used to manage water supplies for agricultural lands and non-agricultural applications such as lawns, gardens, playgrounds, golf courses, and sports grounds. Traditional irrigation types include tap timers and mechanized systems, while smart irrigation methods use local weather data, soil moisture levels, and plant surface moisture to optimize water usage. Drought conditions and sustainability are key considerations in the market, with a focus on water conservation and reducing environmental damage. Governmental policies and international organizations promote sustainable farming and climate-smart agriculture. Modern farming techniques and agricultural automation also drive demand for intelligent irrigation controllers and computer-based systems. Water supplies and watering schedules are influenced by climatic conditions, evaporation, transpiration, and soil moisture content levels. Mechanized irrigation systems, including mechanical and electromechanical timers, are used to optimize water usage and improve agricultural production. Certified products and smartphone control systems offer convenience and precision, while battery-operated controlling systems provide flexibility in remote locations. The market is influenced by factors such as changing lifestyle, outdoor water usage, and extreme water temperatures. Groundwater resources and depleting groundwater resources are also important considerations, as is the impact of irrigation on freshwater resources and the environment. The Irrigation Association and OECD are key organizations involved in promoting best practices and standards in the market. Soil-moisture based sensors and weather parameters play a crucial role in optimizing irrigation, with applications in agriculture and non-agriculture sectors. The market also includes micro-irrigation activities, conventional irrigation systems, and climate-smart agriculture initiatives. The market is expected to grow due to increasing demand for food security, water conservation, and sustainable farming practices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAgricultureNon-agricultureProductSmart ControllersBasic ControllersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Wise introduces first-of-its-kind multi-currency Interest feature in Canada

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Wise customers can now opt in to earn market-leading returns on CAD, USD, EUR and GBP from the convenience of one multi-currency accountCustomers opted in can continue to send, spend and convert funds while earning a return, with no penalties or minimum balance requirements

TORONTO, May 4, 2026 /CNW/ – Wise, the global technology company building the best way to move and manage the world’s money, today announced the launch of its new Interest feature for people and businesses in Canada. Wise is the first provider in Canada to enable customers to earn a return on balances held across multiple currencies within one consolidated account.

Millions of Canadians send international payments each year, with outbound remittances and cross-border commercial activity steadily increasing, according to public data from Payments Canada. However, options for holding and growing money across multiple currencies have historically required opening separate accounts with financial providers in each currency. These accounts often come with minimum balance thresholds and promotional rates that get more expensive over time. Wise Interest removes these barriers for Canadians.

Eligible customers can now opt into the new Interest feature to earn a market-leading return on balances held in CAD, USD, EUR and GBP from the convenience of their Wise multi-currency account. Once opted in, customers can continue to hold, spend, send and convert their money internationally from their balances with no penalties or minimum balance requirements.

Key features of the new feature include:

Earn market-leading returns across currencies: Opt in to Interest and earn 2.22% in CAD, 3.14% in USD,  0.8% in EUR and 2.21% in GBP from the convenience of the Wise multi-currency account*Instant access to your funds: Continue to hold, spend, send funds internationally with no minimum balance requirements or lock-up periodsSimple opt-in: Activate the feature in just a few taps within the Wise app

Vinay Nilakantan, Head of Product for North America at Wise, said: “Earning a return on your money across currencies shouldn’t require opening and managing multiple accounts or giving up access to your funds — but that’s the reality many Canadians have grown accustomed to. With Wise’s Interest feature, we’re changing that. We’re offering a more flexible way for our customers to make their money work harder across currencies, combining market-leading returns with the ability to use funds instantly, all in one convenient account.”

This launch builds on Wise’s growing momentum in Canada, where its active customer base grew by more than 30% in FY25. As Wise continues to scale in the market, it is investing in local infrastructure to better serve its growing customer base. Wise became a member of Payments Canada earlier this year, making it eligible to apply for direct participation in Canada’s national payment systems, including ACSS, Lynx and the forthcoming Real-Time Rail. Over time, this direct access to local payment infrastructure would enable Wise to move money faster and reduce costs further for Canadians and people sending to and from Canada.

*To find out more about Wise’s Interest feature in Canada, please visit http://www.wise.com/ca/interest

About Wise

Wise is a global technology company, building the best way to move and manage the world’s money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money. Launched in 2011, Wise is one of the world’s fastest growing, profitable tech companies.

In fiscal year 2025, Wise supported around 15.6 million people and businesses, processing over $185 billion USD in cross-border transactions and saving customers around $2.6 billion USD.

Media Contact: Samantha Krupa‑Carbone, skrupa-carbone@national.ca

SOURCE WISE

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Ecobat Completes Sale of Germany & Austria Operations to Clarios, Marking Exit from European Lead Market

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DALLAS, May 4, 2026 /PRNewswire/ — Ecobat, a global leader in battery recycling, today announced the successful completion of the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios, a global leader in advanced energy storage solutions. The transaction encompasses Ecobat’s facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

This sale, together with previously completed divestitures in France, Italy, and the United Kingdom, marks Ecobat’s exit from the European lead market and the completion of a multi-transaction repositioning of its Resources division.

“The sale of our Germany and Austria operations is a defining milestone for Ecobat,” said Tom Slabe, President and Chief Executive Officer of Ecobat. “With our European lead footprint now fully transitioned to new ownership, Ecobat is positioned as a focused North American platform. We will continue to pursue opportunities to maximize value for shareholders as we build on that foundation.”

Mr. Slabe added, “Clarios’ expertise and strategic vision offer a strong foundation for the continued success of these operations in Germany and Austria. We’re confident they will continue to foster and enhance the valued relationships we have built with our employees, customers, and suppliers across Europe.”

Rothschild & Co acted as financial advisor and White & Case as legal advisor to Ecobat on the transaction.

About Ecobat

Ecobat is the world’s largest recycler of batteries with global operations. The company delivers innovative solutions for battery recycling, resource recovery and energy storage by responsibly managing valuable materials essential to modern life.

About Clarios

Clarios is the global leader in advanced, low-voltage battery technologies for mobility and owner of the brand VARTA in the automotive sector. Our batteries and smart solutions power nearly every type of vehicle and are found in 1 of 3 cars on the road today. With around 18,000 employees in over 100 countries, we bring deep expertise to our Aftermarket and OEM partners, and reliability, safety and comfort to everyday lives. We answer to the planet with a rigorous sustainability focus – advancing best-in-class sustainability practices and advocating for them across our industry. We work to ensure 100% of our products sold are recyclable, and we recycle 8,000 batteries an hour in our network.

For Media Inquiries:

Elizabeth Tuma

Ecobat

Press@Ecobat.com

1-888-317-4687 ext. 703

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SOURCE Ecobat

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Hyperscale Data to Launch 20-Week Business Spotlight Series to Highlight the Scale, Scope and Value of Its Operations

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Company Plans Weekly Monday Releases to Help Investors Better Understand Businesses Owned Directly and Through Ault Capital Group; Management Believes Hyperscale Data’s Assets and Operating Businesses Are Not Fully Reflected in the Company’s Market Valuation

LAS VEGAS, May 4, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that it plans to launch a 20-week business spotlight series, with a new press release expected to be issued each Monday morning, highlighting the Company’s businesses, subsidiaries, assets and strategic initiatives owned directly and through its wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”).

Management believes that the market does not fully appreciate the scale and breadth of the platform Hyperscale Data has built, the operations it conducts through acquisitions, internal development and ongoing investment or its resulting long-term growth opportunities. Through this 20-week series, Hyperscale Data intends to provide investors, stockholders and the broader market with enhanced transparency into its business, including its AI data center strategy, Bitcoin treasury and digital asset initiatives, robotics platform, financial services, lending operations, market platforms, defense-related businesses, energy services and other strategic assets.

The Company expects that more consistent and detailed communication may assist investors in more fully evaluating Hyperscale Data as a diversified operating platform with multiple potential growth drivers.

Management has previously indicated that it believes the Company has the potential to generate between $180 million and $200 million in annual revenue across its operating businesses for its fiscal year 2026, based on current operations and internal estimates. These expectations are forward-looking, subject to a variety of risks and uncertainties, and actual results may differ materially.

The 20-week series is expected to highlight businesses and strategic initiatives across the Hyperscale Data ecosystem, including, among others:

Infrastructure, AI, Digital Asset Platform and Robotics

Hyperscale Data’s AI data center infrastructure and strategy;The Company’s Bitcoin treasury and digital asset strategy;Sentinum, Inc. and its Bitcoin mining operations;Omnipresent Robotics, LLC and robotics and data collection opportunities;Ault Blockchain and blockchain-related initiatives; andDigital asset market-making, decentralized finance and tokenization initiatives, including through strategic investments, partnerships and other arrangements.

Financial Services and Market Platforms

ACG and its financial services platform;Ault Lending, LLC and its private credit activities;Ault Markets, Inc. and financial technology initiatives;askROI, Inc. and AI-powered software solutions; andOnlyBulls and consumer financial technology offerings.

Industrial, Energy and Defense Operations

Gresham Worldwide, Inc. and its defense and mission-critical operations;TurnOnGreen, Inc. and its design and manufacturing of power products for mission-critical applications across defense, healthcare, industrial and other sectors; andCircle 8 Crane Services, LLC and energy services.

Additional operating subsidiaries, investments and strategic assets that management believes are important to understanding the overall enterprise may also be highlighted among this series of press releases.

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated, “We believe Hyperscale Data is not yet fully understood by the market. Over the last several years, we have assembled a broad operating platform spanning AI data centers, Bitcoin and digital assets, robotics, financial services, lending, market platforms and defense-related businesses. Through this spotlight series, we intend to provide greater transparency into our operations and strategy, and to help investors better understand how these businesses may contribute to our long-term growth objectives as they continue to scale and integrate.”

The Company reserves the right to either issue press releases of the kind described in this announcement on Monday afternoons in the event that management believes a different kind of press release must be issued on Monday mornings or not issue them for a particular Monday at all. Further, the Company reserves the right to terminate the 20-week spotlight series in its entirety at any time.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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