PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209850
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209850
Water Quality Monitoring Market Forecasts to 2028 - Global Analysis By Type (TOC Analyser, pH Testing, Conductivity Sensors and Other Types), By Application (Commercial, Marine, Residential and other Applications) and Geography
According to Stratistics MRC, the Global Water Quality Monitoring Market is accounted for $5.57 billion in 2022 and is expected to reach $9.13 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Water quality monitoring is a system where the sampling and analysis of water are done to determine water quality in real-time. The quality of water resources has been impacted by the rising levels of water pollution, and it is imperative to understand the makeup and wellbeing of the aquatic ecosystem. Analyzing the water quality can help identify issues and ensure that standards are being met. This information aids in determining the best course of action for managing water quality now and in the future. The analysis measures a number of parameters, including temperature, pH, dissolved oxygen, macro invertebrates, nitrates, and phosphates. The higher prevalence of storms, droughts, and floods is a result of the climatic changes brought on by rising pollution. As a result, many utilities are putting in place systems for checking the quality of the water.
According to the World Health Organization (WHO), at least 2 billion people drink contaminated water containing harmful pollutants. Thus, there is an urgent need to adopt water quality monitoring systems for analyzing and examining the water quality.
Market Dynamics:
Driver:
Development of policies and Government initiatives
The development of initiatives and policies aimed at reducing environmental pollution, an increase in government funding for pollution monitoring and control, and rising levels of water pollution worldwide have been the market's main drivers. Due to an increase in industrial activity in recent decades, there is a global increase in demand for water monitoring products. Increased government spending on pollution control and monitoring will also help to develop the market. The demand for water quality monitoring is increasing as the idea of a smart city gains traction across the globe and presents a market opportunity in the long run.
Restraint:
Expensive monitoring systems
The ownership costs of water quality monitoring systems include the initial purchase price, operational costs, which include the cost of consumables and replacement parts, and maintenance costs. Consumable costs are involved in the creation of common chemical solutions and reagents. In addition, the cost of the equipment as a whole includes a sizeable portion for analyzer upkeep. The next-largest elements of instrument cost of ownership after calibration are the management of spare parts inventories and in-plant repairs. Such aspects hamper the market expansion.
Opportunity:
Rising Industrialization and Urbanization
Urbanization, industrialization, and the rise of smart cities are all expected to generate opportunities for the industry to expand. New sensors have been created to analyse the water quality. These comprise temperature sensors, conductivity sensors, pH sensors, chlorine sensors, dissolved oxygen sensors, turbidity sensors, and conductivity sensors. Additionally, over the forecast period, growth opportunities are anticipated due to the growing use of IoT-enabled devices for data collection and tracking in order to enable remote water testing and analysis.
Threat:
Lack of awareness in rural people in developing countries
The development of industry is hampered by rural residents' lack of awareness of sanitation and health issues in developing economies. In addition, expensive capital is needed for the water quality testing process, which poorer countries cannot afford. 90% of sewage in developing nations is dumped directly into water bodies without being treated. According to estimates, the degradation of freshwater ecosystems, which is primarily brought on by the pollution of water resources and aquatic ecosystems, results in a loss of about one-third of the world's biodiversity. Such elements are impeding market growth.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the global water quality monitoring market. Due to lockdown procedures, a lack of labor, and supply chain disruption, production facilities for pipeline monitoring systems were either completely or partially stopped. As a result of this, the production of water monitoring systems would be affected. Due to the suspension of regular business operations in these sectors during the lockdown, demand from end users for things like petroleum, water, wastewater, and other goods and services significantly decreased. Moreover, consumer demand has also subsequently reduced as individuals are now keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the global water quality monitoring market. However, as the respective governing authorities begin to lift these enforced lockdowns, the market is expected to recover accordingly.
The TOC Analyzer segment is expected to be the largest during the forecast period
During the forecast period, the TOC analyzer segment is anticipated to dominate the market and hold the largest share. The key factors driving the segment's growth include the rising levels of industrialization and urbanisation in developing nations, which are raising the pollution levels in the water and raising public awareness of water contamination and pollution.
The Laboratories segment is expected to have the highest CAGR during the forecast period
Due to increasing water pollution, which forces laboratories to prioritise reliability and accuracy and has a direct impact on the market for water quality monitoring, the laboratories segment is anticipated to have the highest CAGR during the forecast period. There is a high demand for the water quality monitoring system due to the abundance of chemicals and toxic waste from expanding industrial and residential use. Market expansion is anticipated to be fueled by opportunities for creative smart-city ideas, government funding, and consumer awareness of water quality.
Region with largest share:
Europe dominated the market with a share of 41.1% and is estimated to hold largest share during the forecast period. The region's growth is being fueled by the government's expanding initiatives and funding for combating water contamination and pollution. The government takes a number of steps, including reducing and monitoring chemical pollutants, treating industrial wastewater, and managing and reducing urban and agricultural pollutants. Consequently, it is anticipated that the region's demand for water quality monitoring products will increase as a result of the government and other organisations' increasing efforts to reduce water contamination.
Region with highest CAGR:
Due to the rising water pollution caused by the industrialization and urbanisation, Asia Pacific is anticipated to witness highest CAGR for Water Quality Monitoring market over the forecast period. Furthermore, regions like Japan need recycled water for commercial purposes, and this has greatly improved the Market. Additionally, the number of government initiatives and regulations is rising, particularly in China, India, and Japan, which is directly driving up market demand.
Key players in the market
Some of the key players profiled in the Water Quality Monitoring Market include General Electric (GE) Co., Horiba Ltd., Agilent Technologies Inc, Danaher Corporation, LaMotte Company, OTT Hydromet, Honeywell International Inc, Evoqua Water Technologies Corporation, Xylem, Inc., Shimadzu Corporation, Pentair PLC, OAKTON Instruments, Thermo Fisher Scientific, Inc., Uponor Corporation and Teledyne Technologies, Inc.
Key Developments:
In Apr 2022, Xylem released the DB600 Data Monitoring Buoy Solution, a compact, user-friendly assembly, and plug-n-play device. This product would be implemented by a single person, in water depths up to 20 meters and current speeds of up to 4 knots, and features everything needed to transfer real-time water quality data directly to a smart device, with industrial field reliability.
In Jul 2022, Shimadzu released the latest Nexera XS inert, a bioinert and biocompatible ultra-high performance liquid chromatograph (UHPLC). The latest Nexera XS inert UHPLC would feature a metal-free sample flow path, which would prevent unwanted interaction with biopolymers that are prone to adsorption onto exposed metal sites.
In Aug 2022, Aquatic Informatics introduced Rio, the next generation in cloud-based compliance and operations data management solutions. This product would expand the capabilities of the consumers by allowing them to be proactive in their compliance and more efficient in maintaining daily operations by offerings visibility into water quality procedures.
Types Covered:
- TOC Analyser
- pH Testing
- Conductivity Sensors
- Turbidity Sensors
- Dissolver-Oxygen Analyser
- Other Types
Applications Covered:
- Commercial
- Marine
- Residential
- Lab Testing
- Surface Water
- Groundwater
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Water Quality Monitoring Market, By Type
- 5.1 Introduction
- 5.2 TOC Analyser
- 5.3 pH Testing
- 5.4 Conductivity Sensors
- 5.5 Turbidity Sensors
- 5.6 Dissolver-Oxygen Analyser
- 5.7 Other Types
6 Global Water Quality Monitoring Market, By Application
- 6.1 Introduction
- 6.2 Commercial
- 6.3 Marine
- 6.4 Residential
- 6.5 Laboratories
- 6.6 Surface Water
- 6.7 Groundwater
- 6.8 Other Applications
7 Global Water Quality Monitoring Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 General Electric (GE) Co.
- 9.2 Horiba Ltd.
- 9.3 Agilent Technologies Inc.
- 9.4 Danaher Corporation
- 9.5 LaMotte Company
- 9.6 OTT Hydromet
- 9.7 Honeywell International Inc.
- 9.8 Evoqua Water Technologies Corporation
- 9.9 Xylem, Inc.
- 9.10 Shimadzu Corporation
- 9.11 Pentair PLC
- 9.12 OAKTON Instruments
- 9.13 Thermo Fisher Scientific, Inc.
- 9.14 Uponor Corporation
- 9.15 Teledyne Technologies, Inc.
List of Tables
- Table 1 Global Water Quality Monitoring Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 4 Global Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 5 Global Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 6 Global Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 7 Global Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 8 Global Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 9 Global Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 10 Global Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 11 Global Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 12 Global Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 13 Global Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 14 Global Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 15 Global Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 16 Global Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 17 North America Water Quality Monitoring Market Outlook, By Country (2020-2028) ($MN)
- Table 18 North America Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 19 North America Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 20 North America Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 21 North America Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 22 North America Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 23 North America Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 24 North America Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 25 North America Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 26 North America Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 27 North America Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 28 North America Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 29 North America Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 30 North America Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 31 North America Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 32 North America Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 33 Europe Water Quality Monitoring Market Outlook, By Country (2020-2028) ($MN)
- Table 34 Europe Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 35 Europe Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 36 Europe Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 37 Europe Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 38 Europe Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 39 Europe Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 40 Europe Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 41 Europe Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 42 Europe Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 43 Europe Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 44 Europe Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 45 Europe Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 46 Europe Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 47 Europe Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 48 Europe Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 49 Asia Pacific Water Quality Monitoring Market Outlook, By Country (2020-2028) ($MN)
- Table 50 Asia Pacific Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 51 Asia Pacific Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 52 Asia Pacific Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 53 Asia Pacific Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 54 Asia Pacific Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 55 Asia Pacific Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 56 Asia Pacific Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 57 Asia Pacific Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 58 Asia Pacific Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 59 Asia Pacific Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 60 Asia Pacific Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 61 Asia Pacific Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 62 Asia Pacific Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 63 Asia Pacific Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 64 Asia Pacific Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 65 South America Water Quality Monitoring Market Outlook, By Country (2020-2028) ($MN)
- Table 66 South America Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 67 South America Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 68 South America Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 69 South America Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 70 South America Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 71 South America Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 72 South America Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 73 South America Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 74 South America Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 75 South America Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 76 South America Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 77 South America Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 78 South America Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 79 South America Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 80 South America Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 81 Middle East & Africa Water Quality Monitoring Market Outlook, By Country (2020-2028) ($MN)
- Table 82 Middle East & Africa Water Quality Monitoring Market Outlook, By Type (2020-2028) ($MN)
- Table 83 Middle East & Africa Water Quality Monitoring Market Outlook, By TOC Analyser (2020-2028) ($MN)
- Table 84 Middle East & Africa Water Quality Monitoring Market Outlook, By pH Testing (2020-2028) ($MN)
- Table 85 Middle East & Africa Water Quality Monitoring Market Outlook, By Conductivity Sensors (2020-2028) ($MN)
- Table 86 Middle East & Africa Water Quality Monitoring Market Outlook, By Turbidity Sensors (2020-2028) ($MN)
- Table 87 Middle East & Africa Water Quality Monitoring Market Outlook, By Dissolver-Oxygen Analyser (2020-2028) ($MN)
- Table 88 Middle East & Africa Water Quality Monitoring Market Outlook, By Other Types (2020-2028) ($MN)
- Table 89 Middle East & Africa Water Quality Monitoring Market Outlook, By Application (2020-2028) ($MN)
- Table 90 Middle East & Africa Water Quality Monitoring Market Outlook, By Commercial (2020-2028) ($MN)
- Table 91 Middle East & Africa Water Quality Monitoring Market Outlook, By Marine (2020-2028) ($MN)
- Table 92 Middle East & Africa Water Quality Monitoring Market Outlook, By Residential (2020-2028) ($MN)
- Table 93 Middle East & Africa Water Quality Monitoring Market Outlook, By Laboratories (2020-2028) ($MN)
- Table 94 Middle East & Africa Water Quality Monitoring Market Outlook, By Surface Water (2020-2028) ($MN)
- Table 95 Middle East & Africa Water Quality Monitoring Market Outlook, By Groundwater (2020-2028) ($MN)
- Table 96 Middle East & Africa Water Quality Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
