Industries Study Report: June 2019

Aviation Fuel Market Growth Assessment, Segmentation, and Demand

27 June 2019, The global aviation fuel market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the shifting tend towards air travel, particularly in developing economies across the globe. Increasing number of aircraft carriers and presence of large number of airline operators are expected to drive the growth of the market over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of aviation fuel market.

However, rising crude oil prices coupled with growing competition in the market are key challenges for industry growth to a certain extent. Yet, increasing adoption of bio-fuel and renewable aviation fuel is expected to foster industry expansion in the upcoming years. In addition, rise in air traffic and aircraft fleet in both commercial and military applications is predicted to spur the growth of aviation fuel market over the forecast period. Growing air cargo transportation in size & volume is estimated to offer several growth prospects to industry participants over the next seven years.

Rising freight traffic is the key market trend associated with aviation fuel industry, in the past few years. Improved living standards coupled with rising per capita income, particularly in the BRICS economies such as Brazil, Russia, India, China and South Africa are major contributing factors for robust market growth. Increasing air passengers each years, diverging demographic outlooks, and liberalization of aviation markets are predicted to stimulate industry expansion.

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The market is broadly categorized into two major segments based on the application type such as aviation turbine fuel and aviation biofuel. Aviation turbine fuel segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing demand for aviation turbine fuel segment is attributed to the increasing use of gas-turbine engines to power aircrafts. Aviation biofuel segment has also witnessed substantial growth due to the favorable government initiatives to promote use of biofuels and rising cost of crude oils.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in oil & gas sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to increasing adoption of the bio-fuels and renewable fuels.

Asia-Pacific region is estimated to hold major share in the aviation fuel industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising number passengers, increasing airline fleets, improved living standards, rising disposable income and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in aviation fuel market are BP plc, Chevron Corp., Amyris Inc., LanzaTech Inc., Exxon Mobil Corp., Gazprom Neft LLC, Royal Dutch Shell plc, and Hindustan Petroleum Co., Ltd.

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Emulsified Fuel Market Opportunities, Trends, and SWOT Analysis

27 June 2019, Global emulsified fuel market is expected to grow at a significant CAGR of 134.97% in the upcoming period as the scope and its applications are rising enormously across the globe. Emulsified fuel is composed of water and a combustible liquid, either a fuel or oil. Emulsion fuels may be an ordinary emulsion or micro emulsion. Both use surfactants and can be either oil-in-water, or bicontinuous, or water-in-oil.

The factors that are playing a major role in the growth of the market are the increasing pollution levels, enhances fuel efficacy, fuel cost may be reduced, participation towards environmental conservation, and the production of emulsified fuel with high water content. However, the presence of alternative like usage of LNG as shipping fuel may restrain overall market growth in the years to come. Emulsified fuel market is segmented based on product type, application, and region.

Kerosene, heavy oil, light oil, and other product types could be explored in emulsified fuel market in the forecast period. The heavy oil sector accounted for the substantial market share of emulsified fuel and is estimated to lead the overall market in the years to come. In addition, the kerosene sector is estimated to grow at the fastest pace in the years to come.

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The market could be categorized based on applications like industrial, marine, and others could be explored in the forecast period. The marine sector accounted for the substantial market share of emulsified fuel and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the strict laws against emission from the marine vessels.

Globally, EMEA accounted for the substantial share of emulsified fuel industry and is estimated to lead the overall market in the years to come. North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of emulsified fuel in this region. The key players of the emulsified fuel market are TECNOVERITAS, Alternative Petroleum Technologies, Quadrise Fuels International, Eneco Holdings, and Fukai Souken. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Oil and Gas Packer Market Key Players Analysis and Competitive Strategies

27 June 2019, Global oil and gas packer market is anticipated to witness an exponential growth in the forecast period. Oil and gas packers are cylindrical in shape, and are made up of a rubber-like material, which could be compressed as and when required. The oil and gas packers seal the well walls, thereby stopping any vertical flow of fluid in that section of the well.

The factors that propel the growth of the market include increasing applications of packer as a downhole tool, increase in manufacture of shale oil and gas, growing demand for energy driven by rapid economic growth and industrialization, and increase in drilling activities to fulfill the increasing need for fossil fuel. On the other hand, there are factors that may hamper the growth of the market including variations in oil and gas charges. Oil and gas packer market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Oil and gas packer market could be explored by type, application, and geography. Market could be explored by type as Retrievable Packer and Permanent Packer. The key applications that could be explored in the market include Natural Gas Industry, Oil Industry and Other.

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The “Retrievable Packers” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes low cost of retrievable Packers than Permeant packer and numerous installations during the well lifecycle.

North America accounted for the major share of the oil and gas packer industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand from end user segment, rising drilling activities in North American region and increase in drilling activities relating to oil and gas extraction in the Canada and U.S. North America is followed by APAC region.

Some of the key players that fuel the growth of the oil and gas packer market comprise GENERAL ELECTRIC, Dril-Quip, National Oilwell Varco, Halliburton, Weatherford and Schlumberger. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Logistics Robots Market End User Analysis, Application, and Trends

27 June 2019, Global logistics robots market is anticipated to witness an exponential growth in the forecast period. Logistics robots imply automated machines that speed up the productivity of logistics processes. The use of robots in logistic networks assists as a competent substitute to the customary belt-based transportation system.

The factors that propel the growth of the market include growing e-commerce segment, implementation of logistics robots, development in internet penetration, growing preference for online shopping, increasing scheme capital investments and high productivity at low cost and improved accuracy. On the other hand, there are factors that may hamper the growth of the market including the lack of technical expertise, the initial high cost of installation and lack of consciousness. Logistics robots market is anticipated to expand at a significant CAGR of 28.36% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The emerging trend in the logistics robots market is the development of the e-commerce segment. The e-commerce segment has been observing high development due to the ever-increasing internet penetration and an increase in the acceptance of online shopping. The timely delivery and quality of packaging are the differentiating factors for any e-commerce player.

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Market could be explored by component, operation environment, product type, application, end user and geography. Market by component could span software and hardware. Based on the operation environment, the market could span outdoor, warehouse, factory, and others. The market based on product type comprise unmanned aerial vehicles (UAVs), robotic arms, and unmanned ground vehicles (UGVs).

The key applications that could be explored in the market include loading & unloading, pick & place, shipment & delivery, packaging & co-packing, and others. The market could be explored based on the end user as e-commerce, automotive, pharmaceuticals, electrical and electronics, food and beverages, and others. The “e-commerce” segment led the logistics robots market in 2015 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes high growth rate.

Asia-Pacific accounted for the major share of the logistics robots industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the demand for labor, development of the e-commerce industry in the region and growing demand for logistics services and robots. Asia-Pacific is followed by the North American region.

Some of the key players that fuel the growth of the logistics robots market comprise Fanuc India Private Limited, ABB Robotics, Kuka AG, Kawasaki Heavy Industries, Ltd., Yaskawa America, Inc., Columbia Okura LLC, I.M.A. Industria Machine Automatiche S.p.A., Krones AG, Gebo Cermex, Asia Robotics AG, and Toshiba Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Gas Analyzers Industry Opportunities, Growth Rate and Future Demand

27 June 2019, The global gas analyzers market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of gas analyzers market. Rapid surge in gas analyzer market is credited to the growing number of application in environment monitoring, power generation and water treatment. In addition, rising demand from chemicals sector, oil & gas industry, and petrochemicals sector is expected to drive the growth of the market over the forecast period.

Increasing investment by various regional government around the globe in the measuring techniques for determining the quantitative and qualitative composition of gas mixtures, thus separating chemicals in a complex sample is expected to drive the growth of gas analyzer market over the forecast period. Recent advancement in gas analyzers industry is attributed to the increasing investment for research & development activities from large-scale businesses, particularly in the North American region, thereby solidifying their market position, in the recent years. For instance, government of U.S. has undertaken various business development initiative to help organization for development of innovative product and methodologies in the gas analyzers industry.

Gas analyzers offer critical information, which is essential to perform multiple manufacturing and processing application. Gas analyzers are used to determine materials in numerous research industries. Gas analyzers are also used to enhance overall performance, security and product quality, even as ensuring environment compliance. Stringent legislations and reforms by regional governments to enforce of occupational health and safety regulation is expected to pave the way for robust industry growth over the forecast period.

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The market is broadly categorized into five major segments based on the application type such as oil & gas industry, chemical & petrochemical sector, water & wastewater management, pharmaceutical industry, and food & beverage sector. Oil & gas industry segment is growing rapidly in the gas analyzers market with substantial revenue generation in the last few years.

Asia-Pacific region is estimated to hold major share in the gas analyzers industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, favorable government policies, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the gas analyzers market are ABB Group, The Emerson Electric Co., Honeywell International Inc., Servomex plc, General Electric Co., Figaro Engineering, Inc., and Thermo Fishers Scientific.

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SerDes Market Segmentation by Top Players, Product, End User, and Application

25 June 2019, Global SerDes market is anticipated to witness an exponential growth in the forecast period. A SerDes implies a trans-receiver integrated circuit (IC), wherein the transmitter section converts serial data to parallel data, and the receiver section converts parallel data to serial data. The factors that propel the growth of the market include increasing acceptance of HPC systems by enterprises and businesses, increasing application in consumer electronics, automotive, data center, and optical fiber communication segments.

On the other hand, there are factors that may hamper the growth of the market including complication beyond 112G SerDes, and high cost. SerDes market is anticipated to expand at a significant CAGR of 9.28% in the upcoming period as the scope, product types, and its applications are increasing across the globe. One trend affecting this market is the rising investment in quantum computing. Quantum computing is a technology that applies the laws of quantum mechanics to computational ability. Growing awareness in quantum computing is a foremost factor driving the growth of the market.

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Market could be explored by product type, application, distribution channel, and geography. Market by product type could span SerDes IP core and Stand-alone SerDes. The “Stand-Alone SerDes” segment led the SerDes market in 2017 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes growing acceptance by manufacturers.

The key applications that could be explored in the market include Consumer Electronics, Optical Fiber Communication, Datacenter, and Cloud Computing, Automotive and Others. The market could be explored based on distribution channel as Distributor, and Direct Sales. The “Direct sales” segment led the market in 2017 and will continue to lead in the forecast period.

APAC accounted for the major share of the SerDes market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include improving economic conditions in developing economies such as India and China and increasing demand from end-user industry.

Some of the key players that fuel the growth of the SerDes market comprise Maxim Integrated, Texas Instruments, NXP, ON Semiconductor, Avago (Broadcom), STMicroelectronics, Cypress, ROHM Semiconductor, Semtech, Intesil (Renesas), Faraday Technology and Vitesse (Microsemi). The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Application Performance Management (APM) Market

25 June 2019, Global application performance management market is anticipated to witness an exponential growth in the forecast period. The application performance management is used to improve the end user involvement by maintaining the superiority of service. This is achieved by the different software systems that are organized at the different levels of the delivery chain.

The factors that propel the growth of the market include rising acceptance of cloud computing & storage and mobile, increasing demand for big data analytics, developing trend of keeping digital patient healthcare records, rising global healthcare industry, growing acceptance of automation and need for log management in numerous industries, and growing business facilities such as online loan processing and e-commerce.

On the other hand, there are factors that may hamper the growth of the market including lack of consciousness and complex application designs. Application performance management market is anticipated to expand at a significant CAGR of 16.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Market could be explored by platform, deployment mode, access type, user type, industry vertical, and geography. Market by platform could span Services and Software. Based on deployment mode, the market could span Cloud, On-premise, and Hybrid. The market based on access type comprise Mobile and web. Market could be explored by user type as large enterprises and Small and Medium Businesses (SMB’s).

Market could be explored by industry verticals as Government, BFSI, Retail, Healthcare, Travel and Transport/Logistics, Communication and Technology and Others. The “BFSI” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market include increasing demand.

North America accounted for the major share of the application performance management market in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the occurrence of early technology adopters in the region, growth in the presence of the adopters of the technology in this region. The Asia Pacific region is having a healthy market growth which is going to continue in the future.

Some of the key players that fuel the growth of the application performance management market comprise Compuware (Dynatrace), Hewlett Packard Enterprise, IBM (International Business Machine), CA Technologies, Microsoft Corporation, AppDynamics, Riverbed Technology, Dell, New Relic, Splunk Inc., BMC Software, ManageEngine, Mulesoft and Fujitsu Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Explosion Proof Motor Industry Top Players Analysis and Competitive Strategies

25 June 2019, The global explosion proof motor market is expected to display higher growth rate over the next five years. Rapid surge in explosion proof motors market is credited to the growing number of initiatives undertaken by local governments to promote use of energy-efficient motors. In addition, rise in number of promotional activities adopted by government as well as private manufacturers is expected to fuel the growth of the market over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the explosion proof motors market.

Use of regular motors poses a serious threat, particularly when these motors are operated in industrial atmosphere containing highly flammable or combustible materials. Typically, the cause of highly flammable or combustible materials include arcs, sparks or high temperatures during functioning of a motor. Effects of such combustion rages from minor processing downtime to serious injuries to workers. Avoiding large-scale effects is a matter of choosing specific motor that can function properly in a harsh industrial atmosphere. These factors are fostering market need for explosion proof motors, in the past few years.

Factors responsible for robust growth of the market include growing demand from various end-user industries, increasing number of production lines and soaring demand for energy-efficient motors for different industrial operations. Stringent laws & regulation by regional governments are forcing end-use industries to adopt energy-efficient equipment, thus propelling market demand, in the recent years.

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Growing number of energy-intensive industries is expected to generate high-end demand for energy-efficient motors over the forecast period. Furthermore, development of improved designs and formation of contemporary explosion proof encapsulation that averts the entry of vapor, duct, or gas in the motor causing explosion is anticipated to play major role in the market growth over the coming years.

The market is broadly categorized into four major segments based on the application type such as oil & gas industry, chemicals & petrochemicals sector, mining & metal industry, and energy & power generation sector. The oil & gas industry segment is growing rapidly in the explosion proof motors industry with substantial revenue generation in the last few years. Growing popularity of explosion proof motors in the oil & gas segment is attributed to the rising number of production lines and higher market penetration. The chemicals & petrochemicals segment has also witnessed substantial growth owing to the increasing occurrence of on-site explosion and growing use of highly flammable materials.

Asia-Pacific region is estimated to hold major share in the explosion proof motors market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing number of manufacturing activities, rising number of production lines, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the explosion proof motors market are ABB Group, Schneider Electric SE, Brook Crompton Holdings, General Electric Company, Rockwell Automation, Inc., Siemens AG and WEG Industries.

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Cloud GIS Market Application, Trends, and End User Analysis Report

25 June 2019, The global cloud GIS market is estimated to develop at a substantial CAGR of 11.21% for the duration of the prediction. A next-generation on-demand GIS technology utilizes a simulated substructure in an accessible, flexible atmosphere. Cloud GIS is an advancement of conservative stage of GIS. It delivers a wide-ranging variety of facilities to customers, all over the world.

Growing admiration for cloud GIS owing to easiness in information approachability is driving the market. However, hazard of information safety is a big challenge in front of the market. Developing the technique for the information gathering and the techniques for the generation of information is the latest inclination of the market.

The Cloud Geographic Information System (GIS) market on the source of Type of End User could span Natural Resources, Utilities, Government and Telecommunication. The subdivision of Government was responsible for the biggest stake of the international market of cloud GIS for the duration of recent past year. As stated by the market experts, this subdivision is expected to keep up with its supremacy in the GIS mapping software market for the duration of the prediction.

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The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of the prediction could span North America [U.S.A, Canada and Mexico], Europe [France, Germany, U.K., Russia, Rest of Europe], Asia Pacific [India, Japan, China, Australia, Rest of Asia Pacific], Latin America [Brazil], Middle East and Africa.

By the source of geography, North America was responsible for the biggest stake of the cloud GIS market during the recent past year. As stated by the market experts, this provincial sector is expected to carry on its supremacy in the GIS mapping software market during the course of the prediction.

The statement revises Trades in terms of intake of Cloud GIS in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Bing Maps, Google Maps, Open Street Map, GIS Cloud Ltd., Esri, Apple Inc., Map box, HEXAGON, and Carto DB.

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Water Softener Market Emerging Trends, Demand, and Growth Opportunities

25 June 2019, Global water softener market is projected to grow considerably in the forecast period owing to the increase in demand for water softeners from the developing as well as developed economies. Water softeners or water softening systems remove minerals from the water and make it soft. The removal of these minerals from the hard water reduces odor, taste, and entire solid elements. Water softeners are available in different shapes and sizes suitable for different pipes.

Due to increasing adoption of water softeners in industries like chemical, textile, refineries, food processing, etc. water softeners are gaining popularity worldwide. The drivers of water softener market are technological innovations in water softeners, industrial growth, increasing use of softening equipment to maintain the quality, better fabric cleaning, and uses less detergent. However, increasing market of substitutes that add ‘softeners’ in their products and strict government policies are expected to hinder the market growth.

The recent trends observed in water softener market are increasing focus of manufacturers for the development of innovative softeners that reduce wastage. Nonetheless, lack of labor and significant maintenance cost are challenging the market growth.

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Market is categorized on the basis of type, process, end user, and geography. Based on type, market is divided into manual water softener and electrical water softener. Electrical water softener segment leads the market due to added functionalities and high efficiency.

On the basis of process, market is bifurcated into ion exchange, reverse osmosis, and distillation. Ion exchange segment is expected to dominate the market owing to improved efficiency offered by the process. Moreover, reverse osmosis process is also expected to register significant growth in future since it is cost efficient and offers improved sustainability. In terms of application, market is split into commercial, industrial, and residential. Residential segment is expected to grow significantly due to growing urban population.

Regionally, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to growing migration from rural to urban areas, Asia Pacific region is expected to dominate the market. Middle East, North America, and Europe are also the dominant regions due to developing catering industry that increases the demand of water softeners. The prominent players in water softener market are Haier, O. Smith, Culligan, 3M, and EcoWater Systems.

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Sports Fishing Equipment Industry Application, Trends, and End User Analysis Report

21 June 2019, Global sports fishing equipment market is expected to grow significantly in the forecast period due to rising popularity of fishing. Sport fishing is carried out fishing equipment like hooks, line, reel, rods, etc. These equipment are mostly used by the participants in sports fishing who are also known as anglers.

Rising participation in fishing activities by people of all ages (particularly youth and females), increasing popularity of fishing, and rise in demand for sports fishing equipment are some of the factors driving the market. Moreover, increase in demand for sea food and increasing disposable income of consumers are also expected to drive the market growth. However, several taxes imposed for fishing and motorboat fuel are hampering the growth of the market.

Increasing popularity of spearfishing is an emergent trend witnessed by sports fishing equipment market. Additionally, advent of fish aggregating devices (FADS) is also attracting larger audience, mostly in the Caribbean islands. The changing food lifestyle of consumers on the global scale is expected to offer opportunities to the market.

Sports Fishing Equipment Industry

Market is categorized on the basis of product type, distribution channel, end user and geography. On the basis of product type, market is divided into rods, reels and components, files, leaders, line, lures, electronics, baits, and terminal tackle. Fishing rod segment is anticipated to register significant growth in the coming years owing to increasing number of fishing activities worldwide that require fishing rods.

Based on distribution channel, market is split into saltwater fishing, freshwater fishing and others. Freshwater fishing segment is expected to hold larger share of the market owing to growing preference for fishing. In terms of end user, market is bifurcated into distributor, online sales, and direct sales. Online sales segment is predicted to lead the market owing to online preference.

Geographically, market is segmented as North America, South American, Europe, Asia Pacific, and Middle East & Africa. South and North America accounted for the maximum share of sports fishing equipment market owing to intensifying participation of anglers in fishing. Moreover, Asia Pacific is also predicted to lead the market growth due to increased number of fishing activates. The key players profiled in sports fishing equipment market comprise AFTCO, EAGLE CLAW, Newell Brands, SHIMANO, TICA FISHING TACKLE, and OKUMA FISHING TACKLE.

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Smart Soil Moisture Sensor Market Emerging Opportunities, Challenges, and Growth Rate

21 June 2019, The global smart soil moisture sensor market is subject to witness a substantial growth due to the rise in overall agriculture production to sustain ever-growing population and rise in the awareness level associated with agriculture testing. Growing importance towards agriculture testing to boost agriculture production among farmers across the globe is expected to favor market demand over the forecast period.

Smart soil moisture sensor helps to measure water content in the soil. Globally, market is predicted to grow at a CAGR of 17.11%, providing numerous opportunities for market players to invest for research and development in the smart soil moisture sensor market.

The recent technological advancement in agriculture sector along with constant need to improve productivity and efficiency in crop harvesting are anticipated to drive the growth of the market over the coming years. Soil testing with the help of smart soil moisture sensor allows testing of a soil sample to govern quality and contamination hazard. With the help of soil testing, farmers can analyze and understand the required input parameters and resource necessary in optimal plant growth and their harvesting.

In addition, use of smart soil moisture sensor in soil testing helps to understand contamination level that can lead to degradation of plants and responsible for their decomposition. Smart soil moisture sensor is capable of determining the pH level of water and soil samples. Smart soil moisture sensor can measure fertility level and trace important elements from the given soil sample. Constant requirement of higher agricultural production globally has led to witnessed massive boom in smart soil moisture sensor market over the past few years, and will continue to grow exponentially in upcoming years as well.

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Furthermore, growing adoption of smart soil moisture sensor in building & construction sector and residential applications such as water content measurement in the soil at construction sites and maintenance of green lawns is driving industry expansion. Use of smart soil moisture sensor to measure water content before laying foundation for the construction is propelling market demand in the recent years. Growing use of smart soil moisture sensor for maintenance of sports growing is leading market maturation over the coming years as well. Smart soil moisture sensors are gaining widespread popularity in application involving weather forecast.

The market is broadly categorized into three major segments based on the product type such as tensiometer, gypsum block, and time domain reflectometry. The tensiometer is considered as one of the fastest growing segment in the market with substantial revenue generation in the last few years. Growing popularity of the tensiometer segment is attributed to the increasing demand from Asia-Pacific region and higher market penetration.

Asia-Pacific region is predicted to hold major market share in the smart soil moisture sensor market with massive growth in forecast period. Countries such as India, Japan, Indonesia, Australia, China and Singapore are leading the Asia-Pacific market with increasing overall agriculture production to sustain ever-growing population, rising disposable income, growing awareness level among farmers, favorable government policies, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the smart soil moisture sensor market are Decagon Devices, Inc., Acclima, Inc., Irrometer Company, Inc., Sentek Pvt., Ltd., The Toro Co., Stevens Water Monitoring System, Inc., Delta-T Devices Ltd., and AquaCheck Pvt., Ltd.

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