Soil Monitoring Market

Market Leadership - Soil Monitoring Market

The soil monitoring market is estimated to be worth USD 370 million in 2020 and projected to reach USD 680 million by 2025, at a CAGR of 12.9%. The concerted efforts of governments and companies to promote sustainable agriculture practices, pressing need to preserve soil quality, stringent government regulations pertaining to ecological stability and growing need for improving farm productivity to feed rising population have become the prominent factors for the growth of the soil monitoring market globally.

The major players in the market with a significant presence across various geographies in the soil monitoring market are Stevens Water Monitoring Systems (US), METER Group (US), SGS Group (Switzerland), Element Material Technology (UK), and The Toro Company (US). The companies have adopted various strategies in order to grow in the soil monitoring market, such as development of innovative products, partnerships, collaborations and acquisitions. These organic and inorganic strategies have reaped fruits for the players in the market as it has led to market and product line expansion for the companies in the soil monitoring market.

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Stevens Water Monitoring Systems (US) is one of the leading manufacturers and marketers of integrated hydrological, meteorological, and oceanographic monitoring instrumentation, accessories, and information systems that help in optimizing water resource management and to enhance forecasting. The company designs integrated systems comprising of sensors, data loggers, process control instruments, and communication equipment along with the necessary software for data representation. The company caters to the soil monitoring market in countries such as the US, India, Brazil, Australia, Argentina, Chile, South Africa, and several European countries. The company is a leader in soil monitoring instrumentation and offers portable and in-situ sensors to measure various parameters pertaining to soil, such as soil moisture, electrical conductivity (salinity), temperature, and matric potential. Stevens Water Monitoring Systems offers sensors, data collection platforms, and telemetry communication systems to various government bodies and industries to monitor and manage soil conditions. The company offers soil monitoring products for agricultural and sports turf management applications. These offerings include sensors and systems for soil monitoring.

SGS (Switzerland) is among the world’s leading inspection, verification, testing, and certification company providing services to different sectors, such as agriculture, construction, chemicals, energy, life sciences, industrial manufacturing, consumer goods and retail, oil & gas, mining, logistics, and the public sector. SGS has a prominent presence in the testing, inspection and certification (TIC) industry with a record of 140 years and an unrivaled physical footprint, which acts as a competitive advantage for the company. SGS group caters to the soil monitoring market by offering soil testing pertaining to the construction and agriculture sectors. The company provides soil fertility testing services along with a nutrient management platform that allows growers to increase precision and yields, facilitate environmental protection. SGS provides contaminated land studies, landfill subsidence monitoring, soil and sediment sampling to determine the sustainability of the soil, and other such services to the construction sector as well.

METER Group (US) provides products for real-time, high-resolution data collection services for the food quality, environmental research, urban, and agriculture sectors. The company was formed in November 2016 through the merger of Decagon Devices (US) and UMS (Germany). It is headquartered in Washington, US. The company offers its products under 3 segments, namely METER Food, METER Environment, and METER Crops. The products offered through the METER Environment segment include soil moisture/water content sensors, soil water potential sensors, data loggers, weather monitoring stations, and other accessories for monitoring and sensing applications. The company has its distributors across the Americas, Europe, the Middle East and Africa, and APAC.

Element Materials Technology (US), is a major player in the testing, inspection and certification industry catering to the aerospace, transportation, environment, defense, consumer, and several other sectors. The company, through a number of acquisitions since 2011, has forayed into various sectors in different geographies. Element Materials Technology provides agricultural soil testing services, microbiology and toxicity testing, detection of asbestos in soil, soil salinity and pH testing, soil organic testing and analysis, soil sampling and preparation, testing of physical properties of soil, and inorganics testing and analysis in soil. The company has well-established networks in major geographies of the world and has years of experience in the TIC industry. Apart from environmental soil testing, some of the laboratories of the company work with agricultural clients to achieve maximum crop quality and revenue by analyzing soil fertility, nutrient content, and any other harmful organisms.

The Toro Company (US), is involved in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The company was founded in 1914 and is headquartered in Minnesota, US. The company operates through the following segments: Professional, Residential, and Others. The Professional segment consists of turf and landscape equipment and irrigation products. The company operates in more than 125 countries through a strong network of professional distributors, dealers, and retailers across the Americas, Europe, the Middle East and Africa, and APAC. Some of the subsidiaries of The Toro Company are Hahn Equipment (US), Toro R&D Company (US), Toro Company de Mexico (Mexico), and Rain Master Irrigation Systems (US).

Related Reports:

Soil Monitoring Market with Covid-19 Impact Analysis by Offering (Hardware, Software, Services), System Type (Sensing & Imagery, Ground-based Sensing, Robotic & Telematics), Application (Agricultural, Non-agricultural), Region - Global Forecast to 2025

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Report Code
SE 3717
RI Published ON
10/1/2020
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