Soil Moisture Sensor to be worth $385.41 million by 2023 | CAGR: 14.63%

The recent study on the Soil Moisture Sensor market covers in-depth analysis of the market on the basis of type, application, geography. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2017-2023. According to the report titled “Soil Moisture Sensors Market”, the market is expected to increase from US$169.91 million in 2017 to US$385.41 million by 2023, at a CAGR of 14.63% during the projected period. The report has segmented soil moisture sensor market by type (Volumetric Sensors and Water Potential Sensor), by application (Agriculture, Construction, Research, Sports, Weather Forecasting, Others) and by geography (Americas, Europe Middle East and Africa, Asia Pacific). The application of soil moisture sensors allows farmers, researchers and others to make informed decisions. One of the key factor driving the growth of this market is the growing awareness towards sustainable agriculture coupled with agricultural digitalization owing to the increase in technological development and research and development activities across the globe. The rising construction activities and the unpredictable climate changes are also anticipated to fuel the market growth rate. Penetration of Internet of things (IOT) in agriculture leading to an increase in smart farming solutions, with the Asia Pacific presenting various growth opportunities for the soil moisture sensor vendors. Thus, the agriculture sector involves a significant application of soil moisture sensors due to higher crop yields and reduced 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 field globally.

Following drivers, restraints and opportunities have been covered in this report:-

Drivers

Increased adoption of advanced farming methods
Growing concern about Sustainable Agriculture
Growing Construction Activities
Restraints

Lack of awareness among farmers in some regions
Lack of standardization
Opportunities

Increase in Research and Development Activities
Soil water potential sensors are expected to witness relatively higher market growth during the forecast period of 2017 to 2023

Soil water potential sensors is a measure of the amount of energy required for a plant to perform work in order to extract moisture from the soil. Various products are being used in the market to measure potential soil moisture such as Gypsum Block and Tensiometers among others. The need to monitor soil moisture for efficient and optimal use of farm inputs like fertilizers and seeds have increased the demand for soil sensors. Continuous innovations in the field of soil moisture sensors like the recently launched first COSMOS soil moisture sensor site in Lincolnshire are the factors leveraging the market to reach its potential.

North America holds the highest market share in the Soil Moisture Sensor Market

North America accounts for the largest share in the soil moisture sensor market owing to the developments in technology and relatively higher awareness level among farmers in this region with the support of organizations like The Nature Conservancy, Environmental Protection Agency(EPA), National Research Council and others. Continuous efforts towards promoting measures for environmental protection like educating farmers on soil management methods that reduce their carbon footprint, encouraging land use practices that protect water quality and more efficiently use water supply are further expected to drive the soil moisture sensor market across North America. Besides its adoption in agriculture, weather forecasting, construction sector, the soil moisture sensors have witnessed extensive applications among various other end-user industries like Mining, Watershed technology measures, Forestry etc. Furthermore, the North America Free Trade Agreement (NAFTA) provides opportunities for growth by promoting economic activities among the three most powerful economies in North America thereby increasing its competitiveness on a global scale.

Application of soil moisture sensors in weather forecasting is gaining significant importance

Weather forecasting segment is expected to show significant adoption of soil moisture sensors over the forecast period by providing valuable soil moisture measurements which are important for understanding future climate changes. Efforts towards increasing the functionality of weather monitoring system with soil moisture monitoring system are further expected to drive the growth of the market. The application of soil moisture sensors can be further extended for drought prediction and flood prediction which is further expected to boost the market growth. The ability of soil moisture sensors to predict the potential occurrence of the flood by assessing how wet the soil is before rainstorm has further increased its adoption rate.

Agriculture sector constitutes the highest share in segmentation by application

Growing population, dietary shifts, resource constraints and climate change are the major issues being confronted by farmers globally, which has increased the need for effective soil monitoring techniques in order to conserve resources and to promote healthy farm practices. This need is further driving the market for soil moisture sensors in the agricultural sector, which is the most dominant user of soil sensors. The use of soil sensors enables farmers to gain meaningful insights and further helps them in making appropriate decisions regarding the need for irrigation, optimal use of farm inputs, and about the soil quality as well. The optimization of irrigation schedule with the soil monitoring techniques will further drive the market growth by protecting local water resources from runoff, saving energy costs and fertilizer costs and thus increasing the farm profitability.

Some of the major players discussed in the report are Delta-T Devices, The Toro Company, AquaCheck among others.

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