Moisture Meter Market - Regional Analysis
North American Market Insights
North America industry is anticipated to account for largest revenue share of 30% by 2035. The market growth in the region is driven by strict environmental regulations to keep products like food, pharmaceuticals, and electric appliances safe from mold and dampness, government support, and initiatives promoting modern agriculture. Furthermore, the farm owners, both small and large-scale have started to adopt precise farming practices to improve agricultural efficiency and acquire better harvest. Additionally, the rise in the adoption of air quality monitoring systems and rising demand for moisture meters in domestic applications such as air conditioners in offices and thermostats in homes are driving the growth of the market in the region. To give a reference, 1 out of 8 houses in the USA use a smart thermostat with a central air conditioning unit. These factors are impelling growth in the market.
APAC Market Insights
The Asia Pacific moisture meter market is estimated to be the second largest, registering a share of about 25% by the end of 2035. The market’s expansion can be attributed majorly to the rapid pace of modernization of agriculture. With its expanding economy and advancements in technological sector, Asia pacific emerges as a leading market for moisture meter. Significant market expansion is anticipated in key nations such as China, Japan, and India throughout the projection period. As China and Japan, renowned for their excellent technical infrastructure these nations are to exhibit a substantial demand for moisture meter in industries like medical, manufacturing, automobile and many more. Moreover, agriculture sector also accounts for the growth of the moisture meter market in the region, as India and China have a huge amount of arable land, for instance in India agriculture sector alone contributes 17.5% of its total GDP and adoption of modern farming techniques in these countries offers a great scope for the growth of the moisture meter market
