Global Soil Testing Equipment Market Size To Worth USD 11.25 Billion By 2033 | CAGR OF 10.33%
Category: AgricultureGlobal Soil Testing Equipment Market Size To Worth USD 11.25 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Soil Testing Equipment Market Size is to grow from USD 4.21 Billion in 2023 to USD 11.25 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 10.33% during the projected period.
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Browse key industry insights spread across 206 pages with 110 Market data tables and figures & charts from the report on the " Global Soil Testing Equipment Market Size, Share, and COVID-19 Impact Analysis, By Test (Physical, Residual, and Chemical), By Automation (Manual, Semi-automatic, and Automatic), By End-user (Agriculture, Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/soil-testing-equipment-market
A combination of tools or instruments used for a variety of purposes to determine and understand soil qualities is known as soil testing equipment. It is anticipated that future sales of soil testing equipment will be fueled by the increased demand for soil evaluation in several industry verticals, including building and agriculture. Future expansion in the soil testing equipment market is anticipated to be driven by the widespread use of precision agriculture technology, growing interest in soil health, and rising infrastructure development expenditures. However, it is anticipated that restricted accessibility and expensive initial expenses for soil testing equipment purchases may hinder market growth in the upcoming years. Additionally, an essential motivation is the increasing understanding of farmers, agronomists, and policymakers on the significance of soil health in sustainable agriculture. By using soil testing equipment, it is easier to evaluate several aspects of the soil, including pH levels, nutrient content, and soil fertility all of which are essential for optimizing agricultural productivity and sustainability. Precision farming methods are becoming more and more common. They use data-driven technologies to increase crop yield while using less input. Equipment for measuring soil properties is crucial to precision agriculture because it provides accurate information that farmers may use to make well-informed decisions about crop management, irrigation, and fertilization.
The physical segment is anticipated to dominate the global soil testing equipment market during the projected timeframe.
Based on the test, the global soil testing equipment market is divided into physical, residual, and chemical. Among these, the physical segment is anticipated to dominate the global soil testing equipment market during the projected timeframe. Physical test plays a significant role in measuring different characteristics of soil such as density, moisture content, and compaction.
The semi-automatic segment is anticipated to dominate the global soil testing equipment market during the projected timeframe.
Based on the automation, the global soil testing equipment market is divided into manual, semi-automatic, and automatic. Among these, the semi-automatic segment is anticipated to dominate the global soil testing equipment market during the projected timeframe. These devices maintain a balance between manual and fully automatic systems, offering a combination of precision and user control.
The construction segment is anticipated to hold the largest share of the global soil testing equipment market during the projected timeframe.
Based on the end user, the global soil testing equipment market is divided into agriculture, construction, and others. Among these, the construction segment is anticipated to hold the largest share of the global soil testing equipment market during the projected timeframe. The rapidly development of the commercial and residential domains in emerging economies is driving the expenditure on infrastructure and building projects.
North America is expected to dominate the global soil testing equipment market over the forecast period.
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North America is expected to dominate the global soil testing equipment market over the forecast period. North America now controls the majority of the world market for soil testing equipment due to government initiatives that promote soil health awareness and the increased focus on increasing agricultural output. The region's extensive adoption of precision agriculture techniques and the growing accessibility of cutting-edge soil testing tools are both driving market growth. The market for soil testing equipment in North America is anticipated to be driven by the United States, then by Canada. The increasing adoption of new technologies and automation processes in various industries has led to the region's dominance in the market. Increased income and population numbers are also contributing to the expansion of the industry. Major players in the market are anticipated to increase their expenditure on R&D projects, which will accelerate growth.
Asia Pacific is predicted to grow at the fastest pace in the global Soil testing equipment market during the projected timeframe. Future sales of soil testing equipment are anticipated to increase due to the region's burgeoning building industry and robust agriculture sector. The markets that are anticipated to dominate this sector as precision agriculture technologies gain traction include those in China, India, and Indonesia. In the long run, growing public knowledge of the significance of soil health in this area would also support market expansion. The need for food is rising in combination with the region's population growth and rising standard of living. In nations such as China and India, where agriculture contributes significantly to the national economy, there will be an increase in demand for soil testing equipment. In addition, these countries' governments are pushing for sustainable agricultural practices.
Major vendors in the Global Soil Testing Equipment Market include Agilent Technologies, Thermo Fisher Scientific Inc., Merck Group, PerkinElmer Inc., Controls S.p.A, LaMotte Company, Geotechnical Testing Equipment UK Ltd, Sun Labtek Equipments (I) Pvt. Ltd, Martin Lishman Ltd, S.W. Cole, Ele International, Gilson Company Inc., Humboldt Mfg. Co., and EIE Instruments Pvt. Ltd and others.
Recent Developments
- In June 2022, IIT Kanpur developed the fast soil-testing tool known as Bhu-Parikshak, which is now available for purchase. This novel instrument detects soil health in 90 seconds using an embedded smartphone application.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Soil Testing Equipment Market based on the below-mentioned segments:
Global Soil Testing Equipment Market, By Test
- Physical
- Residual
- Chemical
Global Soil Testing Equipment Market, By Automation
- Manual
- Semi-automatic
- Automatic
Global Soil Testing Equipment Market, By End-user
- Agriculture
- Construction
- Others
Global Soil Testing Equipment Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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