Americas to hold largest share of soil moisture sensor market during forecast period.

Northbrook, IL -- (SBWire) -- 11/28/2018 --[143 Pages Report] The soil moisture sensor market is expected to grow from USD 112.7 Million in 2017 to USD 264.0 Million by 2023, at a CAGR of 14.92% between 2018 and 2023.

This report provides a detailed analysis of the soil moisture sensor market based on sensor type, application, and geography. The gradual shift in the climatic conditions, growing demand for the improved productivity, and increasing stringency of environmental regulations are the major driving factors for the market growth.

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The soil moisture sensor market has been segmented on the basis of sensor type into volumetric soil moisture sensors and soil water potential sensors. In terms of value, volumetric soil moisture sensors accounted for a larger share of the soil moisture sensor market in 2017.

The volumetric soil moisture sensors provide more accurate data and require very little or no calibration at the time of installation; hence, their demand in almost all the applications is high. The market for soil water potential sensors is expected to grow at a higher CAGR during the forecast period. Soil water potential sensors are affordable and can be used in any soil condition. They require little maintenance and are accurate enough in most applications.

The agricultural application accounted for the largest share of the soil moisture sensor market in 2017. Agriculture is the primary application of soil moisture sensors. The early adoption of soil moisture sensors in irrigation scheduling in the farms has been contributing to the dominating position of this application in the soil moisture sensor market.

The market for the sports turf application is expected to grow at the highest CAGR during the forecast period. The expected growth of the market for this application is attributed to the drastically increasing investments for the betterment of playgrounds, turfs, and other related infrastructure to address the increasing demand due to the growing interest of people in sports as an entertainment medium.

Soil spatial variability limits the reliability of the soil moisture measurement information taken at certain points, and it depends on the extent to which the measurement locations reflect the rest of the ground. Numerous soil moisture sensing technologies are available in the market for the agricultural and other applications. Despite the ready availability, their adoption in the applications has been very slow; this can be mainly attributed to the poor measurement capabilities of some sensors and the high cost associated to the rest of the sensors.

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Major players in the soil moisture sensor market include METER Group (US), Irrometer Company (US), The Toro Company (US), Campbell Scientific (US), Delta-T Devices (UK), Spectrum Technologies (US), Sentek (Australia), Stevens Water Monitoring Systems (US), E.S.I. Environmental Sensors (Canada), and IMKO Micromodultechnik (Germany). Most of the leading companies have adopted the organic strategy of product launches to boost their revenues.

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