New York, Sept. 20, 2023 (GLOBE NEWSWIRE) -- According to Market.us, the Soil Water Potential Sensor Market is anticipated to achieve a value of roughly USD 390.2 Million by 2032, a substantial rise from its 2022 value of USD 136.2 Million, at a compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2032.
A soil water potential sensor is a specialized device that assesses the energy state of water within soil, offering insights into its capacity to supply and retain water for plants. By analyzing forces affecting water movement in soil, it enhances understanding of soil-water dynamics. The sensor guides irrigation strategies and optimizes water usage in agriculture, environmental monitoring, and research. Soil water potential, reflecting energy needed for plant water uptake, is influenced by factors like soil texture and structure. These sensors, available in various types, measure this potential using unique principles.
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Key Takeaway:
- By Type, Degree of Accuracy:3% segment held a major market share in 2022.
- By Connectivity, the wired segment held a major market share in 2022.
- By Sensor Type, the tensiometers sensor type segment dominated the market with the highest share in 2022.
- By Application, the agriculture segment dominated the market with the largest market share of 51.7% in 2022.
- By Distribution Channel, online distribution channel segment dominated in the global soil water potential sensor market.
- In 2022, North America dominated the soil water potential sensor market with the highest market share of 35.2%.
- Asia-Pacific will grow at the highest CAGR rate from 2023-2032.
Factors Affecting the Growth of the Soil Water Potential Sensor Market
- Water Scarcity Concerns: The increasing recognition of water scarcity and the pressing need for judicious water resource management have spurred heightened interest in soil water potential sensors. These sensors play a pivotal role in addressing water scarcity challenges by offering accurate insights into soil moisture conditions. Particularly vital in agriculture and related sectors, these sensors facilitate the optimization of irrigation practices.
- Precision Agriculture: The advent of precision agriculture has brought forth a paradigm shift in farming practices. The granular approach of precision agriculture demands precise and localized data for effective decision-making. Soil water potential sensors stand at the forefront of this requirement, delivering the necessary accuracy in soil moisture information.
- Environmental Regulations: With environmental concerns taking center stage, governments and regulatory bodies are implementing stringent measures to curb water wastage and promote sustainability. Soil water potential sensors align seamlessly with these environmental mandates.
- Technological Advancements: The rapid evolution of sensor technology is a driving force behind the increasing demand for soil water potential sensors. Ongoing research and development endeavors have led to sensors that exhibit enhanced accuracy, reliability, and affordability.
Top Trends in Global Soil Water Potential Sensor Market
The trend of integrating soil water potential sensors with IoT platforms is gaining momentum. This integration enables real-time data collection, analysis, and remote monitoring, enhancing water management precision and supporting data-driven decision-making. Connecting these sensors to IoT networks streamlines soil moisture monitoring, leading to efficient resource allocation and sustainable land management practices.
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Market Growth
The global market for soil water potential sensors is experiencing notable expansion, propelled by influential factors. Growing awareness regarding sustainable farming practices and the preservation of water resources is prompting the adoption of advanced technologies for precise soil moisture control. Soil water potential sensors hold a pivotal role in this endeavor, offering insights into soil water status, which aids in optimizing irrigation methods and enhancing crop output. Leveraging Internet of Things (IoT) and wireless capabilities further heightens their effectiveness, enabling real-time monitoring and informed decision-making based on data.
Moreover, collaborative research efforts are contributing to the refinement of these sensors, broadening their applicability beyond agriculture to domains like environmental monitoring, construction, and forestry.
Regional Analysis
The North America region dominates the global Soil Water Potential Sensor market, with a 35.2% revenue share. Major companies in the US and Canada focus on research and development, introducing advanced products. Early adoption of technology is also crucial for the market's growth. North America's vast agricultural land and innovative farming methods, such as precision farming, have led to a significant market for soil water potential sensors. The focus on water conservation and environmentally friendly agricultural methods has further expanded the market.
Competitive Landscape
The competitive landscape of the global soil water potential sensor market has also been examined in this report. Some of the major players include:
- Sentek
- Irrometer Company
- AquaCheck
- Delta-T Devices
- The Toro Company
- Acclima
- Decagon Devices
- Spectrum Technologies
- Stevens Water Monitoring Systems
- Other Key Players
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Scope of the Report
| Report Attributes | Details |
| Market Value (2022) | US$ 136.2 Million |
| Forecast Revenue 2032 | US$ 390.2 Million |
| CAGR (2023 to 2032) | 11.4% |
| North America Revenue Share | 35.2% |
| Base Year | 2022 |
| Historic Period | 2016 to 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
Precision agriculture utilizes technologies and data to optimize production and resource use. Soil water potential sensors enable farmers to monitor moisture levels and adjust irrigation and practices, ensuring crops receive the right amount of water at the right time.
Market Restraints
Extreme weather events like droughts and floods may impact the frequency of climate change sensors, potentially reducing their importance. However, financial constraints may discourage investments in such technology during these times.
Market Opportunities
Governments worldwide are advocating for environmentally friendly urban and agricultural planning, with water conservation policies influencing the adoption of soil water potential sensors. These sensors are more prevalent in industrialized nations and may expand into emerging markets, especially in areas with water shortages or challenging agricultural conditions.
Report Segmentation of the Soil Water Potential Sensor Market
Type Analysis
A soil water potential sensor with a ±3% accuracy level is crucial for agricultural and environmental purposes, ensuring accurate soil conditions. A ±5% accuracy level indicates no deviation from the actual soil water potential, aiding in irrigation, crop care, and detailed research studies. These precision levels are essential for accurate irrigation and crop care decisions.
Connectivity Analysis
In 2022, wired sensors gained prominence in the international market, but concerns about maintenance expenses, labor outlays, and remote accessibility remain. They are used in horticulture, botany, agricultural science, biology, and environmental science. Wireless soil moisture sensors are expected to experience rapid growth, as they integrate seamlessly with modern IoT systems and platforms.
Sensor Type Analysis
The global Soil Water Potential Sensor market is divided into tensiometers, granular matrix sensors, capacitive sensors, and fiber optic sensors. Tensiometers hold the largest revenue share at 43.2% in 2021, primarily used to gauge water molecules and loam particles. They offer simplicity in irrigation systems, minimal maintenance, and are suitable for high water consumption scenarios in crops.
Application Analysis
The global Soil Water Potential Sensor market is divided into Power, Gas & Oil, Agriculture, Construction, and Other applications. Agriculture dominates with 51.3% revenue share. Precision irrigation maximizes productivity while minimizing water waste, while monitoring soil health to prevent over- or under-irrigation.
Distribution Channel Analysis
The global Soil Water Potential Sensor market is likely to favor online distribution due to its convenience, global access, diverse product options, 24/7 availability, detailed information, reviews, updates, streamlined transactions, technical support, cost savings, and contactless transactions. However, consumer preferences and local factors can influence the choice between online and offline distribution.
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Market Segmentation
By Type
- Degree of Accuracy:3%
- Degree of Accuracy:5%
By Connectivity
- Wired
- Wireless
By Sensor Type
- Tensiometers
- Granular Matrix Sensors
- Capacitive Sensors
- Fiber Optic Sensors
By Application
- Power and Gas & Oil
- Agriculture
- Construction
- Other Applications
By Distribution Channel
- Online
- Offline
By Geography
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia & CIS
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- ASEAN
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- United Arab Emirates
- Rest of MEA
Recent Developments
- In May 2022, Toro unveiled a groundbreaking robotic mower for home lawn maintenance. This mower boasts state-of-the-art, user-friendly tech and introduces unprecedented features. With over a hundred years in the industry, Toro continues to pioneer advanced outdoor solutions.
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