Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Soil Moisture Sensor Market size is expected to reach $464.2 Million by 2028, rising at a market growth of 13.7% CAGR during the forecast period.
The agriculture segment acquired maximum revenue share in the Global Soil Moisture Sensor Market by Application in 2021 thereby, achieving a market value of $203.3 Million by 2028. Increasing the use of sensors on agricultural lands has allowed farmers to minimize water usage and boost food production. The segment is anticipated to be driven by these benefits in the coming years.
The Wireless segment is showcasing a CAGR of 14.5% during (2022 - 2028). The growth of the segment is surging at a rapid pace as a result of the fact that they are increasingly utilized to remotely detect volumetric soil water content. various companies throughout the world are increasingly focusing on bringing more advancements within these sensors to enable farmers to make data-driven land-management decisions and thus, lower their water consumption by a considerable proportion.
The Soil Water Potential Sensors segment is leading the Global Soil Moisture Sensor Market by Sensors in 2021 thereby, achieving a market value of $305.6 Million by 2028. The growth of this segment of the market is constantly increasing as a result of the fact that they are inexpensive, simple to operate, accurate, and need little maintenance. These sensors detect the energy state of the soil's water, which specifies the force that retains the water in the soil.
The North America market dominated the Global Soil Moisture Sensor Market by Region in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $169 Million by 2028. The Europe market is exhibiting a CAGR of 13.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 14.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Spectrum Technologies, Inc. (BAE Systems PLC), OTT HydroMet GmbH (Danaher Corporation), Acclima, Inc., Delta-T Devices Ltd., METER Group, Inc., SDEC France, Smartcultiva Corporation, Trellis, Inc., Vegetronix, Inc., and Stevens Water Monitoring Systems, Inc.
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