Water Quality Monitoring Systems Market Overview:
The global water quality monitoring systems market is expected to reach $6,692.3 million by 2025, from $3,815.9 million in 2017, growing at a CAGR of 7.3% from 2018 to 2025.
Water quality monitoring system is a process of collection and analysis of data related to the measured parameters. It is the measure of characteristics of a water body in relation to ecological conditions and human health. These quality monitoring systems are used for sampling and analyzing water quality for efficient operation in various industries such as food & beverage, pharmaceuticals, and life sciences. A water quality monitoring system consists of temperature sensor, pH sensor, DO sensor, turbidity sensor, and others. These sensors allow users to monitor multiple water quality parameters using a fully integrated system.
Degrading water quality and adverse effects of water pollution on humans have enforced various companies to introduce water quality monitoring systems in the market. In addition, increase in need to monitor & analyze water to remove pollutants and monitor the risky parameters in the water drive the global market. The need for effective and economical observation, analysis, and management of water quality in residential area has become essential during this era of urbanization. This, in turn, leads to the growth of the market. Furthermore, there is an increase in the global demand for water quality monitoring system, owing to the development of smart cities in many countries. However, servicing sensors and equipment status checks are the major challenges faced by the water quality monitoring systems industry. Low penetration in rural areas due to lack of awareness toward health and sanitation is one of the major challenges faced by the key players in the market. On the contrary, improvements in technology are anticipated to offer lucrative opportunities for the players in the industry. Increasing adoption of water quality monitoring systems in developing economies owing to rising levels of disposable income are expected to fuel its market growth in the coming years.
The water quality monitoring systems market is segmented based on component, application, and region. Based on component, the market is segmented into pH sensors, DO sensors, temperature sensors, turbidity sensors, and others. The pH sensors segment is anticipated to dominate the global water quality monitoring systems market throughout the study period. By application, it is categorized into utility, industrial, commercial, and residential. The residential segment is projected to grow at the highest rate in future.
The global water quality monitoring systems market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the market throughout the forecast period.
The key players profiled in this report include Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba, Ltd., OAKTON Instruments, Pentair, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Uponor, and Xylem Inc.
Key Benefits for Water Quality Monitoring Systems Market:
The study provides an in-depth analysis of the global water quality monitoring systems market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global water quality monitoring systems market from 2017 to 2025 is provided to determine the market potential.
Water Quality Monitoring Systems Key Market Segments:
By Component
pH sensors
DO sensors
Temperature sensors
Turbidity sensors
Others
By Application
Residential
Commercial
Industrial
Utility
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
Danaher Corporation
Evoqua water technologies
General Electric Company
Horiba, Ltd.
OAKTON Instruments
Pentair
Shimadzu Corporation
Thermo Fisher Scientific, Inc.
Uponor
Xylem Inc.
The global water quality monitoring systems market is expected to reach $6,692.3 million by 2025, from $3,815.9 million in 2017, growing at a CAGR of 7.3% from 2018 to 2025.
Water quality monitoring system is a process of collection and analysis of data related to the measured parameters. It is the measure of characteristics of a water body in relation to ecological conditions and human health. These quality monitoring systems are used for sampling and analyzing water quality for efficient operation in various industries such as food & beverage, pharmaceuticals, and life sciences. A water quality monitoring system consists of temperature sensor, pH sensor, DO sensor, turbidity sensor, and others. These sensors allow users to monitor multiple water quality parameters using a fully integrated system.
Degrading water quality and adverse effects of water pollution on humans have enforced various companies to introduce water quality monitoring systems in the market. In addition, increase in need to monitor & analyze water to remove pollutants and monitor the risky parameters in the water drive the global market. The need for effective and economical observation, analysis, and management of water quality in residential area has become essential during this era of urbanization. This, in turn, leads to the growth of the market. Furthermore, there is an increase in the global demand for water quality monitoring system, owing to the development of smart cities in many countries. However, servicing sensors and equipment status checks are the major challenges faced by the water quality monitoring systems industry. Low penetration in rural areas due to lack of awareness toward health and sanitation is one of the major challenges faced by the key players in the market. On the contrary, improvements in technology are anticipated to offer lucrative opportunities for the players in the industry. Increasing adoption of water quality monitoring systems in developing economies owing to rising levels of disposable income are expected to fuel its market growth in the coming years.
The water quality monitoring systems market is segmented based on component, application, and region. Based on component, the market is segmented into pH sensors, DO sensors, temperature sensors, turbidity sensors, and others. The pH sensors segment is anticipated to dominate the global water quality monitoring systems market throughout the study period. By application, it is categorized into utility, industrial, commercial, and residential. The residential segment is projected to grow at the highest rate in future.
The global water quality monitoring systems market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America is expected to dominate the market throughout the forecast period.
The key players profiled in this report include Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba, Ltd., OAKTON Instruments, Pentair, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Uponor, and Xylem Inc.
Key Benefits for Water Quality Monitoring Systems Market:
The study provides an in-depth analysis of the global water quality monitoring systems market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global water quality monitoring systems market from 2017 to 2025 is provided to determine the market potential.
Water Quality Monitoring Systems Key Market Segments:
By Component
pH sensors
DO sensors
Temperature sensors
Turbidity sensors
Others
By Application
Residential
Commercial
Industrial
Utility
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
Danaher Corporation
Evoqua water technologies
General Electric Company
Horiba, Ltd.
OAKTON Instruments
Pentair
Shimadzu Corporation
Thermo Fisher Scientific, Inc.
Uponor
Xylem Inc.
Table of Contents
Chapter 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: WATER QUALITY MONITORING SYSTEMSMARKET, BY COMPONENTS
Chapter 5: WATER QUALITY MONITORING SYSTEMS MARKET, BY APPLICATION
Chapter 6: WATER QUALITY MONITORING SYSTEMSMARKET, BY REGION
Chapter 7: COMPANY PROFILES
List Of Tables
List of Figures
Executive Summary
According to this report titled, Water Quality Monitoring Systems Market by Component and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global water quality monitoring systems market was valued at $3,815.9 million in 2017 and is expected to reach $6,692.3 million by 2025, growing at a CAGR of 7.3% from 2018 to 2025. The pH sensors segment dominated the global market in terms of revenue, accounting for more than 30.9% share in 2018 and is expected to witness significant growth during the forecast period.Water quality monitoring system is a process of monitoring and sampling water quality. It includes measuring and analyzing various pollutants such as oils, petrochemicals, asbestos, lead, mercury, phosphates, and nitrates. These systems are implemented in quality estimation of groundwater, drinking water, wastewater, aquaculture, and laboratory applications. The water quality monitoring system consists of sensors such as temperature sensor, pH sensor, dissolved oxygen, and turbidity sensor, which detect the parameters related to pollutants. These sensors are used to identify pH, inorganic compounds, organic materials, and other pollutants.
The growth of the global water quality monitoring systems market is driven by rise in awareness about clean water in urban population. Increase in prevalence of waterborne diseases boosts the demand for water quality monitor systems across the world. Thus, these factors are anticipated to provide potential opportunities for the key players operating in the market. However, water quality monitoring equipment is expensive, and its maintenance & operation costs are very high. Lack of understanding and awareness about contaminated water in rural places restricts the growth of the global water quality monitoring systems market. Rise in disposable income of consumers increases the development opportunities in this market.
The pH sensors segment contributed the highest share of 30.9% in the global water quality monitoring systems market in 2017 and is expected to grow at a CAGR of 7.7% during the forecast period. The pH sensors are extensively used for measuring the acidity and alkalinity in water, which boost their demand in the market.
Based on application, the residential segment is expected to account for the highest CAGR in the global market during the forecast period owing to increase in government initiatives in the Asia-Pacific region. Based on component, the pH sensor segment is expected to account for a maximum share, growing at a significant CAGR during the forecast period. This is attributed to the decline in cost of sensors, which in turn has propelled their adoption in residential and commercial segments.
North America is the highest contributor to the global water quality monitoring systems market in terms of revenue in 2018 and is expected to maintain its dominance during the forecast period, owing to use of modern technologies, presence of developed economies, and increase in manufacturing and industrial activities.
Key Findings of the Water Quality Monitoring Systems Market:
In 2017, the pH sensor segment dominated the global water quality monitoring systems market, in terms of revenue, and is projected to grow at a CAGR of 7.7% during the forecast period.
The DO sensor segment is anticipated to grow at a CAGR of 7.3% during the forecast period.
Based on application, the residential segment is projected to grow at a highest CAGR of 8.3% during the forecast period.
Asia-Pacific generated $732.3 million revenue in 2017 and is anticipated to grow at a significant CAGR.
Asia-Pacific is estimated to exhibit the highest CAGR during the forecast period. Countries, such as China, Japan, South Korea, and India are expected to drive the Asia-Pacific water quality monitoring systems market during the forecast period.
Prominent players, such as Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba, Ltd., OAKTON Instruments, Pentair, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Uponor, and Xylem Inc., have adopted new product launch as their key strategy to expand their market foothold.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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