Global Soil Water Potential Sensor Market By Type (Degree of Accuracy:3% and Degree of Accuracy:5%), By Connectivity (Wired & Wireless ) By Sensor Type( Tensiometers, Granular Matrix Sensors, Capacitive Sensors, and Fiber Optic Sensors), By Application (Power and Gas & Oil, Agriculture, Construction Other Applications), By Distribution Channel (Online, Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Soil Water Potential Sensor Market is projected to reach a valuation of USD 390.2 Mn by 2032, at a CAGR of 11.4% year-on-year growth, from USD 151.7 Mn in 2023. 

To determine the plant’s needs for irrigation and other agricultural uses, soil moisture content and its capacity to absorb or release water are measured using soil water potential sensors. Factors pushing this industry, include the rising demand for high-value crops and precision irrigation.

A soil water potential sensor measures the potential energy of the water in the soil. Farmers and other agricultural experts can use this information to better understand how much water is in the soil and when irrigation may be required. These sensors can determine the soil moisture requirements for different crops, optimize water use, and decrease water waste. Additionally, soil salinity levels can be monitored, and farmers can find drainage issues with soil water potential sensors.

Note- The figures presented here are subject to change in the final report.

Key Takeaways

• Market Size: The global soil water potential sensor market is expected to grow from USD 136.2 million in 2022 to USD 390.2 million by 2032, at a CAGR of 11.4%.
• Driving Factor: Rising Demand for Water-efficient agriculture and Government initiatives promoting sustainable farming as key driving forces.
• Restraining Factor: High cost of soil water potential sensors and Lack of awareness about soil water potential sensors
• Challenges: Ensuring accuracy and reliability in soil water potential sensors
• Opportunities: Development of innovative soil water potential sensor technologies is possible.
• Type Analysis: The accuracy level of ±3% in a Soil Water Potential Sensor signifies that the sensor can reliably gauge the soil water potential to within 3% of the true value
• Sensor Type Analysis: Tensiometers dominate the sensor type market with 43.2 percent revenue share in total account revenue.
• Connectivity  Analysis: Wireless soil moisture sensors are expected to experience rapid expansion during their projection period.
• Application Analysis: Agriculture remains the major industry sector with 51.7% revenue share.
• Regional Analysis: North America holds an overwhelming 35.2% revenue share of the Soil Water Potential Sensor market globally.
• Top Companies: Sentek, Irrometer Company, AquaCheck, Delta-T Devices, The Toro Company, Acclima, Decagon Devices, Spectrum Technologies, Stevens Water Monitoring Systems, and Other Key Players.

Driving Factor

Precision Agriculture Growth

Precision agriculture involves applying different technologies and data to maximize agricultural production and resource use. Soil water potential sensors are crucial tools in this technique. They make it possible for farmers to closely monitor soil moisture levels and adjust irrigation and other agricultural practices to ensure that crops receive the right amount of water at the right time.

Restraining Factor

Climate Change Impact

Extreme weather events like droughts or floods may impact how frequently sensors are used due to climate change. Even though some could argue that these sensors become even more important during these times, the immediate financial limitations caused by these events may discourage investments in such technology.

High Initial Costs

Equipped with cutting-edge technology, advanced soil water potential sensors can be pricey. Due to the high initial cost, small-scale farmers and researchers may be discouraged from investing in these sensors.

Type Analysis

The accuracy level of ±3% in a Soil Water Potential Sensor signifies that the sensor can reliably gauge the soil water potential to within 3% of the true value. This precision is crucial for agricultural and environmental purposes, ensuring a genuine depiction of soil conditions. When a soil water potential sensor boasts an accuracy of ±5%, it conveys that its readings will deviate no more than 5% from the actual soil water potential. Such precision aids in making accurate judgments regarding irrigation and crop care, and it’s also beneficial for detailed research studies.

Sensor Type Analysis

The Tensiometers Sensor Type segment dominates the Global Soil Water Potential Sensor Market.

Based on Type, the global Soil Water Potential Sensor market is divided into Tensiometers, Granular Matrix Sensors, Capacitive Sensors, and Fiber Optic Sensor. Between these Types, Tensiometers lead the Market with a major revenue share of 43.2% in the account. Tensiometers held the largest market share in 2021 as they are employed to gauge the tension between water molecules and loam particles. They offer simplicity of integration into irrigation systems, demand minimal upkeep, and find application in scenarios where crops have high water consumption rates.

Connectivity  Analysis

Wired Segment Dominates Over the Wireless in Connectivity Segment of Global Soil Water Potential Sensor Market.

In 2022, wired sensors took the forefront in the international Market. However, concerns arise regarding maintenance expenses, labor outlays, and limited remote accessibility associated with this product. Additionally, it finds application in experiments and research endeavors within horticulture, botany, agricultural science, biology, and environmental science domains. Wired connectivity is Often more stable in terms of data transmission. The wireless soil moisture sensor category is projected to witness the swiftest growth during the projection period. These sensors Can integrate seamlessly with modern IoT systems and platforms.

Application Analysis

Agriculture Segment Dominated the Application Segment by Covering Major Revenue Share in the Market.

The global Soil Water Potential Sensor market is categorized into various applications: Power and Gas & Oil, Agriculture, Construction, and Others. Among these, Agriculture is the dominant segment, holding a major revenue share of 51.7%. Precision irrigation involves maximizing agricultural productivity while minimizing water waste. Monitoring the health of the soil to make sure it is neither being over- or under-irrigated, which can both harm the soil.

Note- The figures presented here are subject to change in the final report.

Key Market Segments

Type

• Degree of Accuracy:3%
• Degree of Accuracy:5%

Connectivity

• Wired
• Wireless

Sensor Type

• Tensiometers
• Granular Matrix Sensors
• Capacitive Sensors
• Fiber Optic Sensors

Application

• Power and Gas & Oil
• Agriculture
• Construction
• Other Applications

Distribution Channel

• Online
• Offline

Growth Opportunity

Government Initiatives

Globally, governments are pushing for more environmentally friendly methods of planning cities and farming. Moreover, policies that encourage water conservation may influence the Adoption of soil water potential sensors. These sensors may be used more frequently right now in industrialized nations. Expanding into emerging markets is possible, particularly in areas with water shortages or difficult agricultural conditions.

Latest Trends

Sustainability and Water Conservation

With increasing concerns about water scarcity and the need for sustainable farming practices, an increased emphasis on optimizing irrigation exists. These sensors help farmers apply water only when and where it’s needed, thus conserving water. There’s a continuous improvement in the accuracy, reliability, and durability of these sensors. Newer sensors are becoming more capable of providing accurate data under various soil types and conditions.

Regional Analysis

North America Dominates the Global Soil Water Potential Sensor Market by Holding Major Revenue Share in Account.

North America region dominates the global Soil Water Potential Sensor market by holding a major revenue share of 35.2%. This massive growth of the North American region can be attributed to major companies within countries like the United States and Canada in the North American region. The major companies offering Soil Water Potential Sensor in the North American region focus on research and development activities to introduce advanced products in the Market.

Note- The figures presented here are subject to change in the final report.

Moreover, the early Adoption of technology is also playing a significant role in the growth of the global Soil Water Potential Sensor market. A significant market for soil water potential sensors is present in North America, particularly in the U.S., because of the region’s vast agricultural land and innovative farming methods. Precision farming methods are being adopted comparatively rapidly in this area. The Market for soil water potential sensors has expanded due to the increased focus on water conservation and environmentally friendly agricultural methods.

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Player Analysis

The global Soil Water Potential Sensor market is fragmented into many companies offering various sensors. Decagon is well-known for its soil moisture sensors, data recorders, and environmental measuring equipment. Moreover, Toro serves the agricultural, landscaping, and sports turf industries by offering soil moisture sensors, irrigation systems, and turf maintenance tools. Sentek offers systems for measuring soil moisture, salinity, and temperature for environmental and precision farming applications.

The major companies in the Market are adopting various strategies like mergers, acquisitions, collaboration, and partnership to expand the market share across various regions and strengthen their position.

Top Key Players in Soil Water Potential Sensor Market

• Sentek
• Irrometer Company
• AquaCheck
• Delta-T Devices
• The Toro Company
• Acclima
• Decagon Devices
• Spectrum Technologies
• Stevens Water Monitoring Systems
• Other Key Players

Recent Development

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.

Report Scope