PUBLISHER: Grand View Research | PRODUCT CODE: 1405956
PUBLISHER: Grand View Research | PRODUCT CODE: 1405956
The global soil moisture sensor market size is expected to reach USD 798.7 billion by 2030, registering a CAGR of 13.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.
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).