Albany, NY -- (SBWIRE) -- 10/18/2016 -- The 56-page research report, titled "Global Soil Moisture Sensors Market 2016-2020," offers a thorough overview of the market. The product segmentation, growth drivers, challenges, key geographical segments, and the competitive landscape of the global soil moisture sensors market have been discussed at length in the research study. As per the research report, the global market for soil moisture sensors is estimated to register a strong 15% CAGR between 2016 and 2020.
The growing necessity for conservation of water in irrigation systems and growth of environment-focused NGOs and regulatory bodies are the primary factors estimated to drive the demand for soil moisture sensors. In addition, the need to improve agricultural productivity by measurement of soil moisture content is expected to augment the growth of the market in the coming years. However, the low rate of adoption in emerging economies is projected to restrict the growth of the market.
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By product type, the global market for soil moisture sensors has been classified into GMS, TDT, probes, capacitance sensor, tensiometer, and gypsum block. In 2015, the gypsum block segment led, accounting for a 27% share in the global soil moisture sensors market. Gypsum blocks are comparatively cheap and easy to maintain. As a result, they have gained immense popularity and are expected to witness significant growth in the near future. Furthermore, on the basis of application, the global soil moisture sensors market has been categorized into residential and commercial landscape, sports turf, and agriculture. In 2015, the agriculture segment led the global market with a massive share. This segment is expected to lead in the coming years and account for around 71% of the global market by the end of 2020.
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By geography, in 2015, the Americas led the global soil moisture sensors market with a 55% share. The robust growth of this region can be attributed to the presence of a strong agriculture sector, which is considered as a key factor demanding the implementation of soil moisture sensors in the next few years. In addition, the growing use of crop analysis, scientific soil, computers, and other advanced machinery are expected to contribute extensively towards the growth of the soil moisture sensors market in the Americas.
The soil moisture sensors market across the globe is highly consolidated and is expected to witness stiff competition between the leading players and new entrants. The use of soil moisture sensors is rising across diverse industries, especially in the agriculture segment. The valuation of soil moisture sensors that is offered by the key players do not differ much in the global market. Nevertheless, it varies in terms of wholesale quality and offerings. Some of the prominent players operating in the global market for soil moisture sensors are Sentek, the Toro, Decagon Devices, Irrometer, Acclima, Stevens Water Monitoring Systems, AquaCheck, and Delta-T Devices.
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