According to Future Market Insights (FMI), the soil field testing equipment market could reach a total valuation of more than US$ 680.0 million by 2023. Between 2023 and 2033, the market is expected to grow at a 5.3% CAGR. The market is expected to be worth US$ 1.1 billion by 2033.
A variety of factors, including farm management practises, industrialization, agricultural intensification, and more accurate test results, may drive the soil field testing equipment market. Precision farming determines soil fertility, leachability, and nutrient movement by maximising crop yield and profitability, thereby improving soil quality and formulation.
This allows farmers to divide fields into zones, increasing yields while decreasing input costs. Soil sales are up.
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A soil moisture tester, soil penetrometer, soil density, pocket shear vane sets, soil classification tests, soil resistivity tests, soil density volumeters, and digital pH meters are the most commonly used soil field test equipment. There are several stringent standards set by the National Bureau of Standards and others for soil field testing equipment.
For instance, soil density tests are conducted in accordance with the American Association of State Highway and Transportation Officials (AASHTO) and American Society for Testing and Materials (ASTM) requirements. By following these standards, construction companies are driving the demand for soil field testing equipment.
“Increasing spending on research and development is a key factor driving the soil field testing equipment market. Also, rapid urbanization and increasing spending on construction are expected to create potential growth opportunities for the soil field testing equipment market during the forecast period.” – says a lead analyst at Future Market Insights.
Key Takeaways from Market Study:
- During the forecast period, the soil field testing equipment market in Asia Pacific is expected to remain relatively strong.
- The total sales of the soil field testing equipment are expected to record a significant CAGR of 5.3%.
- Sales of the construction segment are projected to record a CAGR of 4.8% over the forecast period.
- The residual segment sales are projected to record a CAGR of 5.1%.
- The soil testing kit market is likely a promising CAGR of 10.4% during 2022 to 2032 and is expected to be valued at US$ 11.30 Bn by 2032
Competitive Landscape:
Companies are maintaining a competitive position in the market by pursuing inorganic growth strategies, such as partnerships, geographical expansion, and mergers & acquisitions. To expand their operational presence in different parts of the world, major companies in the global soil field testing equipment market are focusing on launching advanced equipment made from innovative materials and acquiring other companies.
Several prominent companies dominate this market, including Humboldt Mfg. Co., Controls S.p.A., GlobalGilson.com, EIE Instruments, FilWEB, ELE International, Aimil Ltd., LaMotte Company, PCTE, W.W. Grainger, Inc., Geocomp Corporation, Cooper Technology, Thomas Scientific, Dexsil and others.
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Recent Developments:
In November 2020, Agilent Technologies entered into a partnership with SGS. This partnership resulted in the development of a GC/TQ method called SGS AXYS Method 16130. Dioxins will be regulated and detected using this method, which has been approved by the United States EPA. As a result of the proposed method, dioxin exposure is expected to be greatly reduced in soils, agricultural lands, and water sources.
In September 2019, an international leader in soil field testing equipment launched an updated, modernized version of its software in compliance with ASTM and AASTHO standards. This product is designed for use in geotechnical laboratories for research and development. The updated version of soil testing will improve soil permeability, consolidation, and triaxiality.
The Soil Field Testing Equipment Market Segmentation by Category
By Test Type:
- Physical
- Shear Strength Equipment
- Leachability Equipment
- Plasticity Equipment
- Permeability Equipment
- Residual
- GC-MS
- ICP-MS
- Chemical
- PH Meters
- Salinity Testing Equipment
- Test Kits & Reagents
By Site:
- Laboratory Site
- On-Site
By Degree of Automation:
- Manual
- Semi-automatic
- Automatic
By End Use Industry:
- Agriculture
- Construction
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
