Soil Moisture Sensor Market Overviews
The Soil Moisture Sensor Market size was valued at USD 424.77 Mn. in 2023 and the total Global Soil Moisture Sensor revenue is expected to grow at a CAGR of 9.8% from 2024 to 2030, reaching nearly USD 839.34 Mn. by 2030.
The soil moisture sensor is used to gauge the volumetric content of water within the soil. The straight gravimetric dimension of soil moisture needs eliminating, drying, and sample weighting. These sensors measure the volumetric water content not directly with the help of some other rules of soil like dielectric constant, electrical resistance, interaction with neutrons, and replacement of the moisture content. The global soil moisture sensor market size was valued at USD 251.9 million in 2022. In 2023, the soil moisture sensor market in the United States demonstrated robust growth, driven by the increased adoption of precision agriculture. Wired sensors held a majority share of 54.3%, owing to their reliability, while wireless sensors experienced the fastest growth due to their ease of deployment and flexibility.
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Soil Moisture Sensor Market Scope and Methodology:
The soil moisture sensor market has seen significant growth in 2023, primarily driven by advancements in agricultural technology and increasing government initiatives promoting sustainable farming practices. The market growth is fueled by the adoption of precision agriculture techniques, which rely heavily on accurate soil moisture data to optimize irrigation and improve crop yields. Countries like China, India, Japan, and Australia are leading the way, with significant investments in IoT-based sensor technologies that provide real-time data and enhance decision-making processes for farmers.
Soil Moisture Sensor Market Regional Insights
In 2023, the Asia-Pacific region led the soil moisture sensor industry with the highest market share. Rapid industrialization in the region has led to an alarming depletion of natural resources, emphasizing the need for technological advancements like soil moisture sensors to facilitate proper irrigation in agricultural operations. As soil moisture sensors employ real-time system methods to assess profitable yield, countries in the region are estimated to witness high demand for sensors in the forecast period. Countries such as Japan, India, Australia, and China are expected to generate considerable revenue owing to the favorable government policies and rising disposable income of farmers.
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Soil Moisture Sensor Market Segmentation
In 2023, several types of sensors are leading the soil moisture sensor market, each contributing to its growth in unique ways. Tensiometers, known for their ability to measure soil water tension, remain a dominant segment due to their accuracy in assessing soil moisture levels. These sensors provide valuable data on the soil's ability to hold water, which is crucial for optimizing irrigation practices and improving crop yields. Their widespread use in agricultural and landscaping applications supports the growth of the soil moisture sensor market by ensuring efficient water use and reducing wastage.
Soil Moisture Sensor Market Key Players
HUNTER INDUSTRIES INC. (USA)
RIOT TECHNOLOGY CORP. (Canada)
Stevens Water Monitoring Systems (US)
SGS Group (Switzerland)
Meter Group (US)
Element Materials Technology (UK)
The Toro Company (US)
Campbell Scientific (US)
Sentek Technologies (Australia) Spectrum Technologies (US)
Irrometer Company (US)
Cropx Technologies (Israel)
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Key questions answered in the Soil Moisture Sensor Market are:
- What is Soil Moisture Sensor ?
- What was the Soil Moisture Sensor market size in 2023?
- What is the growth rate of the Soil Moisture Sensor Market?
- Which are the factors expected to drive the Soil Moisture Sensor market growth?
- What are the different segments of the Soil Moisture Sensor Market?
- What growth strategies are the players considering to increase their presence in Soil Moisture Sensor ?
- What are the upcoming industry applications and trends for the Soil Moisture Sensor Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Soil Moisture Sensor Market?
- Who are the leading companies and what are their portfolios in Soil Moisture Sensor Market?
- What segments are covered in the Soil Moisture Sensor Market?
- Who are the key players in the Soil Moisture Sensor market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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