Global Soil Moisture sensor Market to reach USD 343.3 billion by 2025 | CAGR: 14%
Global Soil Moisture sensor Market is valued USD 106 billion in 2016 is anticipated to grow USD 343.3 billion with the compounded annual growth of 14% over the forecast period 2017-2025.
New York 1 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Soil Moisture sensor industry is poised to raise USD 343.3 billion by 2025. Key factors which give growth to the Soil Moisture sensor market are growing demand for the improved productivity and gradual shift in the climatic conditions, strict environmental regulations, strong government support, efforts toward automation of agriculture processes, and growing adoption of precision farming and yield monitoring practices by small and the large farm owners to increase the productivity of the fields.
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Global Soil Moisture sensor Market Size study, by Type (Volumetric and Soil Water Potential), Application (Agriculture, Residential, Landscaping, Sports Turf, Weather Forecasting, Forestry, Research Studies, and Construction & Mining) and by Regional Forecasts 2017-2025.
The industry seems to be fairly competitive. Some of the leading market players include Meter group, Irrometer company, the toro company, Campbell scientific, and so on. Other market players discussed in the report include T-devices, spectrum technologies, sentek New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Soil water potential
- Sports turf
- Weather forecasting
- Research studies
- Construction & Mining
- North America
- Asia Pacific
- Latin America
- Rest of the World