PUBLISHER: Inkwood Research | PRODUCT CODE: 1193419
PUBLISHER: Inkwood Research | PRODUCT CODE: 1193419
The global water quality monitoring market is estimated to develop with a 5.91% CAGR during 2023-2032. The deterioration of water quality owing to industrial waste and other contaminants is one of the primary factors influencing the growth of the global water quality monitoring market.
The global water quality monitoring market is classified into segments based on components and applications. Various water quality monitoring systems applications include utilities, residential, commercial, industrial, and others. The demand for water quality monitoring systems is surging from commercial sectors owing to the increasing stress of regulatory bodies on wastewater treatment and growing interest in water preservation. As a result, the market for water quality monitoring is expected to propel in the upcoming years.
Based on geography, the global water quality monitoring market is segregated into Asia-Pacific, Europe, North America, and Rest of World, including the remaining countries. North America is expected to dominate the global water quality monitoring market owing to strict government regulations and initiatives for clean water supply. Also, the demand for water quality monitoring systems is surging from both commercial and residential, boosting the market growth.
The market has many players with a set economic base. The strategic initiatives by the companies to overcome the challenges result in a highly competitive market. Moreover, the rapid urbanization and inclusion of new water technologies further boost the competition in the market.
Some well-established companies functioning in the global water quality monitoring market are ThermoFisher Scientific, Shimadzu Corporation, Agilent Technologies, General Electric Company, etc.