Soil Testing Equipment Market Growth by Emerging Trends, Analysis, & Forecast | Key Playres are Thermo Fisher Scientific Inc., Merck Group, PerkinElmer Inc., Controls S.p.A
The report “Soil Testing Equipment Market by End-user Industry (Agriculture, Construction, Environment), Type of Tests (Physical, Residual, Chemical), Site (Lab, On-Site), Degree of Automation (Automatic, Manual), and Region – Global Forecast to 2025″ The global soil testing equipment market size is estimated to be valued at USD 3.3 billion in 2019 and is projected to reach USD 6.2 billion by 2025, at a CAGR of 10.8% from 2019 to 2025. The growing frequency of soil testing for cost reduction in fertigation & productivity and the need for soil conservation for human welfare have been driving soil testing equipment industry growth.
By end-user industry, the construction segment is projected to account for the largest soil testing equipment market share
The construction industry in countries such as India has received substantial foreign direct investments (FDI) for the improvement of infrastructure in the light of rapid industrialization. Additionally, China is one of the world’s most significant players in the construction business due to the thriving residential and commercial sectors. The increasing global infrastructure spending is expected to fuel the growth of associated industries, including soil testing equipment. Technological advancement, coupled with rising awareness regarding the benefits of soil testing, is anticipated to drive the demand for requisite equipment.
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By type of tests, the market for soil testing equipment market for residues is projected to account for the largest market size during the forecast period
Based on type of tests, the market has been segmented into physical, residual, and chemical tests. Physical tests include testing the soil for shear strength, leachability, plasticity, and porosity. Rapid urbanization in China and India are driving the market for physical tests. The growing awareness among consumers about the presence of chemical residues, such as pesticides and fertilizers in fresh fruits & vegetables, has been driving the market.
North America and Asia Pacific are projected to witness significant growth during the forecast period
North America, followed by Asia Pacific, is projected to grow at high rates from 2019 to 2025. The US is the leading market in the North American region. The market in this region is driven mainly by the presence of key players, growing funds for environmental protection, and growth in organic farming.
The Asia Pacific region is projected to grow at the second-fastest CAGR in the global soil testing equipment market, as some countries in this region offer profitable growth opportunities. Agricultural professionals in China are seeking modern practices of farming for sustainable development in the agricultural yield. Chinese scientists from domains, such as agronomy, agro-engineering, information technology, and geography, have been involved in the research on-farm management programs. The government of China has put in significant efforts to promote precision farming research and funded several projects. These factors are expected to drive growth of the global soil testing equipment industry.
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Key players in the soil testing equipment market include Agilent Technologies (US), Thermo Fisher Scientific Inc. (US), Merck Group (Germany), PerkinElmer Inc. (US), Controls S.p.A (Italy), LaMotte Company (US), Geotechnical Testing Equipment UK Ltd (UK), Sun Labtek Equipments (I) Pvt. Ltd (India), Martin Lishman Ltd (UK), S.W. Cole (UK), Ele International (UK), Gilson Company Inc. (US), Humboldt Mfg. Co. (US), EIE Instruments Pvt. Ltd (India), Eurofins Scientific (Luxemburg), Alfa Testing Equipment (US), Matest (Italy), M&L Testing Equipments (Canada), and Shambhavi Impex (India), among others. Manufacturers broadly adopted new product developments and acquisitions as their major strategies for the market.
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