Category

Soil Moisture Sensor Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Water Potential Sensor, Volumetric Moisture Sensor), By Application (Agriculture, Construction, Sports, Research, Weather Forecasting, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061610290 | Pages:  130

The soil moisture sensor market is projected to witness a CAGR of 14.63% during the forecast period to grow to US$385.41 million by 2023, increasing from US$169.91 million in 2017.

Measurement of soil moisture has become imperative particularly in the agricultural sector. Various research institutes and organizations such as the US Department of Agriculture (USDA) and Agriculture Research Service (ARS) are examining how soil interacts with the environment due to concern over soil health sustainability. Environmental regulations to protect soil, research activities and application of soil moisture sensors for various applications such as agriculture, sports turf, landscaping among others are some of the key factors contributing to the market growth. Furthermore, the availability of advanced soil measurement systems at affordable prices due to high economies of scale is further expected to spur market growth. The lack of awareness among the farmers and the use of traditional methods is the major restraint in the growth of the soil moisture sensor market.

By Type

By type, the soil moisture sensor market can be segmented as volumetric sensors and soil water potential sensors. The volumetric sensors such as probes, Time Domain Transmissometry (TDT), and capacitance helps to determine the actual volume of water in the soil. Soil water potential sensors, on the other hand, determine whether plants will grow well or be stressed in any environment by giving a measure of the energy state of water. Tensiometer, gypsum block, and granular matrix constitute soil water potential sensors. Monitoring soil health in a quantifiable and substantial manner has led to increased adoption of soil sensors.

By Application

On the basis of application, the Soil Moisture Sensor market can be segmented as Agriculture, Construction, Sports, Research, Weather Forecasting, and others such as residential and forestry.

The growing concern about the role of soil health in climate has increased the demand for soil sensors. The modernization of agriculture and environmental factors like climate change, dwindling water resources, and the threatened habitats are the major factors driving the demand for these sensors. The agriculture sector involves a significant application of soil moisture sensors owing to mounting concerns over higher crop yields and water consumption. Additionally, there has been a rise in the use of soil moisture sensors in sports turfs to help optimize irrigation with the increased number of golf courses and sports fields globally.

By Geography

By geography, the soil moisture sensor market is segmented as  America, Europe Middle East and Africa, and the Asia Pacific regions. Americas accounted for the major market share in 2017 owing to the large-scale adoption of agricultural technologies in the region. Better organization of water resources, enhancement in agricultural productivity, increased utilization of automatic and remote control machines in advanced economies like the U.S. will further fuel the market growth. Asia Pacific (APAC) is expected to be the fastest-growing region during the projected period. The heavy dependence on the agricultural sector in the region along with the availability of low-priced products from China is one of the factors complementing the expanding application of soil moisture sensors in the region.

Competitive Landscape

The soil moisture sensor market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence. Some of the major players discussed in the report are Delta-T Devices, The Toro Company, and AquaCheck among others.

Soil Moisture Sensor Market Scope:

Report Metric Details
 Market size value in 2017  US$169.91 million
 Market size value in 2023  US$385.41 million
 Growth Rate  CAGR of 14.63% from 2017 to 2023
 Base year  2017
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered METER Group, Inc. USA, Delta-T Devices, The Toro Company, AquaCheck, Sentek Technologies, IRROMETER Company, Inc., Acclima, Stevens Water Monitoring Systems, Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

The soil moisture sensor market has been segmented by type, application, and geography.

By Type

Water Potential Sensor

Volumetric Moisture Sensor

 

By Application

Agriculture

Construction

Sports

Research

Weather Forecasting

Others

 

By Geography

Americas

North America

US

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe Middle East and Africa

Europe

United Kingdom

Germany

France

Others

 

The Middle East and Africa

 

Asia Pacific

Japan

China

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the soil moisture sensor market size by 2023?
A1. The soil moisture sensor market is projected to reach a total market size of US$385.41 million by 2023.
 
Q2. What is the size of global soil moisture sensor market?
A2. Soil Moisture Sensor market was valued at US$169.91 million in 2017. 
 
Q3. What are the growth prospects for soil moisture sensor market?
A3. The global soil moisture sensor market is projected to witness a CAGR of 14.63% over the forecast period.
 
Q4. Which region holds the largest market share in the soil moisture sensor market?
A4. Americas accounted for the major share in the soil moisture sensor market owing to the large-scale adoption of agricultural technologies in the region. 
 
Q5. What factors are anticipated to drive the soil moisture sensor market growth?
A5. Environmental regulations to protect soil, research activities and application of soil moisture sensor for various applications such as agriculture, sports turf, landscaping among others are some of the key factors contributing to the market growth.

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