Moisture Meter Market Trends

Growth Drivers

• Rising Demand in Agricultural Sector- According to the World Bank, the agriculture sector is crucial to economic growth and holds around 4% of the global GDP. Hence to ensure good quality crops, the rising advancements of wireless moisture meters and remote moisture sensors have been revolutionizing the monitoring of variables impacting crop quality. By providing real-time, actionable insights, these sensors empower farmers to enhance yields and minimize the time spent on watering trips. Furthermore, the trend towards industrial automation and the advent of Industry 4.0 has led to the integration of moisture meters in different industries such as food and beverages, healthcare, and textiles, among others.
• Increasing Concerns Regarding Environmental Degradation-Amid environmental concerns, the necessity for monitoring and regulating humidity levels in both indoor and outdoor settings surged, driving the demand for moisture meters across diverse sectors such as weather monitoring, HVAC system, greenhouses, and indoor air quality control. Additionally, the increasing awareness regarding environmental degradation is anticipated to drive the moisture meter market for environmental sensors, particularly in applications such as air purification systems and affordable air quality monitoring devices. Furthermore, continuous environmental monitoring becomes vital given the water bodies getting polluted from climate change and human action.
• The Growing Development in Moisture Meter Technology-Recently the use of Microelectromechanical System (MEMS) technology has been on the rise, and because of that, there is a growing demand for moisture meters which are based on MEMS technology. Meters with MEMS technology have more functionality and complexity, faster processing speed, lower power consumption, and reduced size. Thus, making it more favored for different industries. Furthermore, the addition of wireless technology to the moisture meter has increased its usability as it has become more cost-efficient and easier to use as compared to its counterpart. For instance, due to the adoption of wireless meters there has been a demand for moisture meters in greenhouse farming for climate monitoring.

Challenges

• Price Fluctuations to Prevent Growth- Price fluctuations and supply shortages in key components and raw materials significantly hinder moisture meter market growth. Additionally, substantial maintenance and operational expenses pose significant challenges. Moreover, the expense of moisture meter technology contributes to higher overall market prices, further complicating growth prospects.
• It has been found that sensors lack quick response times, which is crucial for maintenance.
• Limited accuracy and complexity of installation regulations.