PUBLISHER: TechSci Research | PRODUCT CODE: 1121040
PUBLISHER: TechSci Research | PRODUCT CODE: 1121040
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The global soil testing equipment market is expected to witness steady CAGR in the forecast period, 2023-2027. Factors such as the rapid adoption of precision and modern farming techniques and the high demand from the construction and agriculture industries are driving the global soil testing equipment market. The term "soil testing equipment" generally refers to the testing tools used to analyze the soil sample. The steps in the soil testing process include gathering soil samples, analyzing them physically and chemically, interpreting the results, and recommending them for use in agricultural techniques. The procedure aids in providing recommendations for a fertilizer that can fulfill the required absence of nutrients in the soil.
Market players are focusing on advanced technologies and equipment to improve the accuracy and functioning of soil testing equipment. Identification of corrosive soil and soil liquefication possibilities during an earthquake are some of the advantages of the advanced technologies used in the soil testing process. Modern equipment and modern software are specifically designed to analyze the soil quality that can influence the market demand in the coming years.
The global soil testing equipment market is segmented into type, site, degree of automation, end user industry, regional distribution, and competitive landscape. Based on end user industry, the market is divided into Agriculture, Construction, and others. The construction industry is expected to account for a significant market share in the forecast period, 2023-2027. High-end investments by the leading authorities to support infrastructure development in developing countries like China and India are driving the segment demand. Advancements in technology coupled with growing awareness about the benefits of soil testing equipment are expected to contribute to the segmental growth.
The major market players operating in the global soil testing equipment market are: Agilent Technologies, Inc., Thermo Fischer Scientific, Inc., PerkinElmer, Inc., Merck Group, Controls S.p.A, Geotechnical Testing Equipment UK Ltd, Sun Labtek Equipments (I) Pvt. Ltd., Martin Lishman Ltd, Gilson Company Inc., Humboldt Mfg. Co., EIE Instruments Pvt. Ltd., and Eurofins Scientific SE.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of the Global soil testing equipment market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global soil testing equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global soil testing equipment market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: