The soil moisture sensor market is anticipated to reach US $288.2 million by 2027 from US$ 99.3 million in 2016 thereby registering an attractive CAGR growth rate of 12.7% during the forecast period 2017 to 2025.
Soil moisture sensors are used to measure the water content in soil. Various laboratory and field measurement approach including remote sensing are available to measure soil moisture content, but the fastest and best one is with the use of soil moisture sensor devices. The soil moisture sensor can reduce outdoor water use by up to 62% or more over traditional irrigation methods.
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As a result, the Asia-Pacific region to witness the most attractive growth rate by region in the global soil moisture sensor market with a CAGR growth rate of 15.4% during the forecast period. Whereas, the South America soil moisture sensor market region is expected to witness a CAGR growth rate of 10.5% in the coming years.
Leading Key Players:
Growing penetration of IoT enabled solutions for improved agriculture practices to boost the volume productionSmart irrigation utilizes remotely controlled water sprayed irrigation systems such as sprinklers, center pivots and driplines. In smart irrigation, the system for watering crops is operated on the basis of estimated moisture content in the soil, and then deciding upon either water restoring or reducing excess water level in the fields.
Increasing awareness towards sustainable development coupled with government regulations enforcing stringent water conservation practices Water is a restricted resource and with briskly expanding population, the demand for water is also set to increase. In most of the nation’s globally, crop irrigation in agricultural sector is the prime consumer of water. The government of various economies have laid down several norms and regulations to conserve water.
Implementation of several government regulations and norms in various nations has led to the adoption of efficient irrigation techniques, which in turn drives the demand and adoption of soil moisture sensors to determine the need and quantity of water needed for the soil. Thus, the soil moisture sensor market is expected to provide numerous profitable opportunities for the market players in the coming years.
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The merger & acquisition along with new market initiatives was observed among some of the strategies adopted in global soil moisture sensor market. Few of the recent strategies by some of the player’s soil moisture sensor market landscape are listed below-
2017: After merging with UMS AG, the company through its newly formed merger, METER had announced to present five new products at 2017 European Geosciences Union General Assembly. The new products presented includes TEROS 12 soil moisture sensor, HYPROP 2 soil water retention curve analyser, ZENTRA ZL solar-powered data logger with cell communication, PARIO automated soil particle size analyser and ATMOS 41 all-in-one weather station.
2017: Delta T launched the new SM150T Sensor, ideal for measuring moisture content and temperature in soils and substrates. The SM150T replaces the older SM300 and SM150 Sensors, combining their strengths
2017: A new soil moisture and temperature sensor, new SM150T Sensor is launched by Delta-T for measuring moisture content and temperature in soils and substrates. It has a wide range of applications across science, horticulture and agriculture.
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