Water Quality Sensor Market Key Stakeholders, CAGR, Growth Factors and Forecast 2030
Increasing water pollution levels globally coupled with rising rules and regulations being laid down by the governments globally is leading to the growth of Water Quality Sensor market.
According to the current analysis of Reports and Data, the global Water Quality Sensor Market was USD 3788.89 Million in 2021 and is projected to register a CAGR of 7.13% from 2021 to 2030. The major driving factors that drive the global Water Quality Sensor market are the increase in water pollution levels due to industrialization globally, increase in prevalence of waterborne diseases and the surge in government obligations regarding water quality. The major restraining factor that restricts the growth of the Water Quality Sensor market is the high cost of the equipment.
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Top Leading Players in The Global Water Quality Sensor Market Are:
Danaher Corporation (US), Evoqua Water Technologies (US), Suez S.A. (France), Horiba Ltd. (Japan), Shimadzu Corporation (Japan), Pentair Plc (UK), Thermo Fisher Scientific, Inc. (US), Xylem (US), ELTRA GmbH (Germany), Lar Process Analyzers AG (Germany), Analytical Technology Inc. (US), Real Tech, Inc. (Canada) and Aquaread Ltd. (UK).
Further key findings from the report suggest:
- Importance of sustainability and the need to mitigate climate changes, issues related to water, rapid urbanization coupled with growing population have gained significance in recent years.
- Equipment to monitor parameters like TOC and TS are one of the fastest growing segments in the Water Quality Sensor market with CAGR of 7.13% and 6.35 respectively.
- The European region is forecasted to grow at a rate of 5.8% CAGR over the forecasted period.
- Water Quality Sensor in the Asia Pacific region is expected to witness significant growth in the coming years, due to an increase in water pollution in various countries like India and China.
- Laboratory-based analyzers segment is forecasted to dominate the Water Quality Sensor market over the forecasted period with a market share of over 45% in 2019.
- Average high –income nations treat about 70% of the wastewater that they generate, while the remaining 38% of wastewater is only managed in upper-middle income countries and 28% in lower-middle income countries.
- There is a rise in the consumer`s awareness regarding the depletion of natural resources, scarcity of freshwater in developed nations as well as the increase in the demand for freshwater in various industries. All these factors are leading to the growth of the market.
- Leading players in the market are focused on investing and improving their R&D capabilities in order to offer the latest technologies to gain competitive advantage.
Segments covered in the report:
Equipment Type (Revenue, USD Million; 2019–2030)
- On-Line
- Laboratory
- Portable
Parameter Tested (Revenue, USD Million; 2019–2030)
- DO
- BOD & COD
- TOC
- TON
- TSA
- Others
Applications (Revenue, USD Million; 2019–2030)
- Municipal
- Industrial Process Water
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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