Soil Moisture Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 01/12/2017 -- There is an ever-increasing demand for food owing to the rapidly growing population. To ensure high crop yield in order to meet the demand, it has become important for farmers to keep a check on various factors including soil moisture. This is, therefore, providing substantial growth potential to the global soil sensors market. A report by Transparency Market Research (TMR), titled "Soil Moisture Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024," covers the statistics pertaining to the market and its underlying industries.
The pressing need to reduce the usage of water is a major driver of the global soil moisture sensors market. The soil moisture sensors form a vital part of the rapid modernization of the agriculture landscape worldwide. Their demand is likely to remain strong throughout the forecast period in residential complexes and research laboratories for maintaining green lawns and carrying out scientific soil and crop analysis respectively. Climatic changes, environmental regulations, and increasing focus on improving productivity are also working in favor of the growth of the market.
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On the other hand, the lack of awareness about these sensors among farmers and gardeners in emerging markets is inhibiting the growth of the market. However, favorable government initiatives and advancements in farming techniques are likely to boost the awareness, thereby propelling the market in the near future.
On the basis of type, the global soil moisture sensors market can be segmented into volumetric and water potential. Water potential sensors can be categorized into gypsum block, tensiometer, and granular matrix. The sub-segments of volumetric sensors can be capacitance, TDT, and probe. Based on applications, the market can be divided into agriculture, sports turf, residential, weather forecasting, landscaping, construction, forestry, and research studies. The increasing popularity of golf is escalating the need to manage golf turfs, which in turn is fuelling the growth of the sports turf segment. The agriculture segment is likely to register a significant growth rate in the forthcoming years, thanks to the ever rising demand for food.
The key regions studied in the research report are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa. North America and Latin America, collectively, are expected to account for a large share of the revenue pie. The rapid modernization in the agriculture sector is fuelling the demand for soil moisture sensors in these regions. The Asia Pacific market is estimated to flourish owing to a large number of ongoing and upcoming agriculture research projects in Japan and China.
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The global soil moisture sensors market is a consolidated arena, with a low scope of price differentiation. As a result, there is an immense competition between the existing players and new entrants. Some of the prominent players in the market are Delta-T Devices, Decagon Devices, Acclima, Stevens Water Monitoring Systems, IRROMETER, The Toro Company, Sentek, and AquaCheck.