Soil Water Potential Sensor Market to Grow at Higher CAGR During Forecast Period

February 14 11:48 2020
Soil Moisture Sensor Market by Type (Volumetric and Soil Water Potential), Application (Agriculture, Residential, Landscaping, Sports Turf, Weather Forecasting, Forestry, Research Studies, and Construction & Mining), and Geography – Global Forecast to 2023

The soil moisture sensor market is expected to grow from USD 112.7 Million in 2017 to USD 264.0 Million by 2023, at a CAGR of 14.92% between 2018 and 2023. This report provides a detailed analysis of the this market based on sensor type, application, and geography. The gradual shift in the climatic conditions, growing demand for the improved productivity, and increasing stringency of environmental regulations are the major driving factors for the market growth.

 

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This report provides valuable insights on the soil moisture sensor ecosystem, which includes raw material suppliers, original equipment manufacturers (OEM), system integrators, suppliers and distributors, and end users. The OEMs for soil moisture sensors include Meter Group (US), The Toro Co. (US), IRROMETER (US), Campbell Scientific (US), Delta-T Devices (UK), Spectrum Technologies (US), and Sentek (Australia). Acclima (US), IRROMETER (US), Stevens Water Monitoring Systems (US), Rain Bird (US), E.S.I. Environmental Sensors (Canada), and The Toro Co. (US), among others, are some of the well-known system integrators. The suppliers of soil moisture sensors include ICT International (US), Larson Irrigation (US), Mesa Systems (US), and Dynamax (US).

Major players in the market include METER Group (US), Irrometer Company (US), The Toro Company (US), Campbell Scientific (US), Delta-T Devices (UK), Spectrum Technologies (US), Sentek (Australia), Stevens Water Monitoring Systems (US), E.S.I. Environmental Sensors (Canada), and IMKO Micromodultechnik (Germany).

The agricultural application accounted for the largest share of the market in 2017. Agriculture is the primary application of soil moisture sensors. The early adoption of soil moisture sensors in irrigation scheduling in the farms has been contributing to the dominating position of this application in the market. The market for the sports turf application is expected to grow at the highest CAGR during the forecast period. The expected growth of the market for this application is attributed to the drastically increasing investments for the betterment of playgrounds, turfs, and other related infrastructure to address the increasing demand due to the growing interest of people in sports as an entertainment medium.

The Americas accounted for the largest share of the soil moisture sensor market in 2017. The growth of this market is attributed to the factors such as strict environmental regulations, strong government support, efforts toward automation of agriculture processes, and growing adoption of precision farming and yield monitoring practices by small and the large farm owners to increase the productivity of the fields. The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The growth of the market in APAC is attributed to the increasing shift in the pattern of climatic conditions; adoption of soil moisture sensors in applications such as research studies, sports turf, weather forecasting, and construction; and rising awareness about these sensors among the small farm owners in the region.

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