The Latin America Soil Moisture Monitoring System Market was worth USD xx million in 2021, and is expected to grow at a CAGR of xx%, to reach USD xx million by 2026.
Soil Moisture Monitoring System uses several types of sensors to measure water content of the soil or the amount of water available for the plant roots. By monitoring the moisture, water requirements for the soil can be predicted and can apply water only when required.
Excessive use of water for irrigation result in increased costs for pumping and also soil lose its nutrients in the form of leaching. This in turn results in reduced crop yields. Also, monsoons became unpredictable due to global warming. Farmers have to rely on ground water for irrigation purposes. There is a need to produce better yields with less use of water for irrigation.
Drivers and Restraints of Latin America Soil Moisture Monitoring System Market:
Scarcity of water across the globe has resulted in high costs of irrigation. The need for optimal use of water resources in irrigation has increased the demand for soil moisture monitoring systems. Increasing research and development activities, availability of advanced technologies for agricultural use and government initiatives are expected to drive the market. However, lack of awareness among the farmers and high cost of equipment are restraining the market growth.
Latin America Soil Moisture Monitoring System Market - By Type:
Granular Matrix Sensors System
Granular Matrix Sensors System leads the market due to its effectiveness in aiding the schedule of irrigation.
Latin America Soil Moisture Monitoring System Market - By Application:
Agriculture dominates the market in soil moisture monitoring systems due to the extensive use of monitoring systems in agriculture. Agriculture is also expected to be the fastest growing segment due to the high adoption rate of technologies into agriculture.
The Market is Geographically divided into:
Brazil and Argentina are agricultural based economies and hence they provide many opportunities for growth and expansion.
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