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.
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 agriculture sector, increase in the number of
research & development activities in the region and existence of
well-established industrial infrastructure.
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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