The global soil moisture sensor market size is estimated to reach USD 433.3 million by 2025, growing at a CAGR of 14.0% from 2019 to 2025. The soil moisture sensor measures the volumetric water content in the soil. Increasing adoption of the device across sports and agricultural sectors for ensuring requisite water content level in fields/turfs is driving the market growth worldwide. The device plays a crucial role in the afore-mentioned sectors as water infiltration depends on the soil moisture. This, in turn, is driving demand for water content meter for consistent monitoring. Thus, rising concern about land condition is anticipated to drive the growth of the market.
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Furthermore, increasing demand for
soil-water measuring device owing to water scarcity and resulting challenges
with respect to water conservation is triggering the market growth. Moreover,
the advancements in technology, leading to the introduction of wireless sensors
that help end-users provide accurate, real-time measurements from a remote
location, are anticipated to drive market in the coming years.
North America dominated the market in
2018. The region is house to a large number of product manufacturers. Asia
Pacific is projected to exhibit a CAGR of over 15.0% between 2019 and 2025.
Changes in climatic conditions have had an adverse impact on agricultural
conditions in the region. The resulting need to monitor water content in
agricultural land on regular intervals is driving the adoption of moisture
monitoring devices, especially among farmers in the region.
The industry participants in the region
are making significant investments. South America is expected to register
considerable growth in the coming years owing to increasing use of the moisture
monitoring devices to prevent soil degradation and achieve optimum consumption
of water resources. The main cause of degradation in the region includes water
erosion, deforestation, and intense application of agrochemicals.
The prominent players operating in the
market include The Toro Company (U.S.); Campbell Scientific Inc. (U.S.); IMKO
Micromodultechnik GmbH (Germany); Delta-T Devices Ltd (U.K.); Irrometer
Company, Inc. (U.S.); and E.S.I. Environmental Sensors Inc. (Canada).
Further
key findings from the report suggest:
• Increasing adoption of farm
mechanization practices is propelling the demand for soil-water measuring
devices in the agricultural sector
• Adoption of volumetric soil moisture
sensor was highest in 2018 due to demand from multiple segments including
sports, agriculture, and weather forecasting
• North America accounted for the
largest market share in 2018. This can be majorly credited to the assistance
provided by the U.S. Government to farmers for the adoption of state-of-the-art
agriculture technology. In addition, in November 2016, the Canadian government
invested USD 425,000 in Clean Seed Agricultural Technologies Ltd. to enhance
and commercialize precision agriculture technology
• Europe is expected to register strong
growth during the forecast period owing to the increasing adoption of GIS-based
sensors, especially in the agriculture sector
• Some of the key market players are
Sentek (Australia); METER Group, Inc. USA (U.S.); Acclima Inc. (U.S.); Plaid
Systems; and Stevens Water Monitoring Systems Inc. (U.S.).
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