The global soil monitoring market is estimated to be valued at USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, recording a CAGR of 14.6%. The demand for soil monitoring products is increasing due to the increasing adoption of sustainable agricultural practices.
Key players operating in this market include Stevens Water Monitoring Systems, Inc. (US), SGS Group (Switzerland), METER Group (US), Element Materials Technology Group Limited (UK), The Toro Company (US), Campbell Scientific (US), Sentek Technologies (Australia), Spectrum Technologies, Inc. (US), Irrometer Company, Inc. (US), and CropX Technologies Ltd. (US).
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Soil monitoring can be classified as a fragmented market as it has the presence of various regional players, accounting for a major part of the market share. The key players are fixated on improving their market shares, while newer start-ups are being established rapidly. There are numerous existing and emerging companies, particularly in the Asian markets.
Stevens Water Monitoring Systems, Inc. is a producer and distributor of integrated equipment, accessories, and information systems for hydrological, meteorological, and oceanographic monitoring that help to improve forecasting and maximize water resource management. The company offers various sensors such as HydroGo, HydraGO Field Version, Pogo, GroPoint Profile, and HydroProbe. It also offers a soil moisture analysis system called The Stevens Tempe Cell System. For data management, the company offers Stevens-connect, which is a cloud-based data acquisition and management software system that enables the collection, analysis, reporting, and storage of data from remote monitoring locations. In January 2019, Stevens Water acquired Structure Monitoring (US), a provider of intelligent IoT solutions, to enhance Steven Water’s platform-Stevens-Connect.
SGS is among the world’s leading inspection, verification, testing, and certification companies providing services to different sectors, such as agriculture, construction, chemicals, energy, life sciences, industrial manufacturing, consumer goods and retail, oil & gas, mining, and logistics. The company offers soil testing services for various parameters such as semi-volatiles, volatiles, pesticides, polychlorinated biphenyls (PCBs), metals, perfluorinated compounds, general chemistry (such as cyanide, nitrogen, phosphorus, hexavalent chromium, etc.), dioxins and furans, asbestos, and explosives. In July 2022, SGS Group (Switzerland) acquired Silver State Analytical Laboratories, Inc. (US) and Excelchem. This acquisition would expand SGS’ environmental testing capabilities in the western US and complement the services of SGS Forensic Laboratories, based in the California Bay area, as well as in Nevada.
Soil Monitoring Market by Offering (Hardware, Software, Services), System Type (Sensing & Imagery, Ground-based Sensing, Robotic & Telematics), Application (Agricultural, Non-agricultural) and Region - Global Forecast to 2027
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