Global Online Water Quality Monitoring System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Online Water Quality Monitoring System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Online water quality monitoring system is a set of equipment and software system that automatically analysis the monitored water quality. And transmit the data information to the information management center or actuator equipment and software system of the actuator.

Online water quality monitoring is normally performed by using online instruments for measurement of water quality in source waters and distribution systems. Water quality monitoring is nothing but collecting of information at pre-defined locations and regular intervals, so as to make data available for use in order to explain the existing conditions. The model that has been developed is mainly for the purpose of conducting a test for water samples and subsequently upload the data over the internet for analysis. This process of water quality monitoring is performed in order to measure the water quality parameters by checking for any microbial, physical and chemical properties and checking for any deviations in the parameters laid down which can help to signal a warning in the event of hazards.

Market Overview:

The latest research study on the global Online Water Quality Monitoring System market finds that the global Online Water Quality Monitoring System market reached a value of USD 1105.87 million in 2022. It’s expected that the market will achieve USD 1636.65 million by 2028, exhibiting a CAGR of 6.75% during the forecast period.

Fierce market competition

The Online Water Quality Monitoring System industry still exists certain technical limitations. If the company cannot correctly grasp the market dynamics and industry development trends, it cannot further consolidate its dominant position and ensure its core in product research and development, market expansion, etc. There are market competition risks such as decline in business performance and decline in market share due to weakened competitive advantages. Moreover, there are an increasing number of competitors entering the market, which means the technology and professional knowledge of this industry are no longer unavailable. If the players still provide roughly the same products or services, or at least few obvious differences; Or if the players continue to compete on price in Online Water Quality Monitoring System products, avoiding enhancing products with features and technological content that could increase costs, it will be hard for them to sustain the fierce market. Coupled with the global overall economic downward trend during the COVID-19 pandemic, and complicated international economic situation, there will be many uncertainties.

Development of policies and initiatives

The increasing demand for water has put pressure on the regulatory bodies and government of different countries to formulate regulations related to water quality monitoring. For example, the U.S. government established regulations and minimum standards such as the Clean Water Act (CWA) and Safe Drinking Water Act (SDWA), to protect water sources from contamination. This has fueled the demand for water quality monitoring system.
Besides, an increase in the government funding for pollution monitoring and control led to create potential for the market.
Therefore, development of policies and initiatives in order to reduce environmental pollution levels and rise in government funding for pollution monitoring & control have been driving the global online water quality monitoring market.

Low levels of awareness among the rural sections and High costs of installation and maintenance of such system as well as Technical limitations

The growth of the online water quality monitoring systems market is subject to a few restraints, due to low levels of awareness about the water quality and toward health and sanitation in many parts of rural areas across various regions impedes growth of the water quality monitoring systems market. Also, the high costs of installation and maintenance of such system can lower the demand on account of the price sensitivity factor prevailing in such regions over the forecast period. These factors lead to the limited penetration of water quality monitoring products in nonindustrial sectors.
Moreover, there are some technical limitations related with water monitoring products. Additionally, market penetration for water testing & analysis instruments in non-industrial applications is limited. These are some factors that might hinder the overall growth at a global level.

Region Overview:


Geographically, Americas held the largest market share – 38.01% in 2021.


Company Overview:

Xylem, Inc. is one of the major players operating in the Online Water Quality Monitoring System market, holding a share of 12.64% in 2022.

Xylem, Inc.

Xylem, a leading global water technology company dedicated to solving the world’s most challenging water issues, is the leading global provider of efficient, innovative and sustainable water technologies improving the way water is used, managed, conserved and re-used. Its international team is unified in a common purpose: creating advanced technology and other trusted solutions to solve the world’s water challenges. It is committed to creating an organization of inclusion and diversity, where everyone feels involved, respected, Revenued and connected, and where everyone is free to bring their authentic selves and ideas.

Suez (GE Water)

The company helps industries solve their toughest water, wastewater and process challenges. It works with customers across all industries, including food & beverage, metals and mining, power, chemicals & pharma, oil & gas downstream and petrochemicals, upstream oil & gas, pulp and paper, and utilities. Its goal is to help industries thrive.

Segmentation Overview:

By type, Municipal Water Monitoring segment accounted for the largest share of market in 2021.

Municipal Water Monitoring

In most developed countries, water is supplied to households and industries using underground pipes. That water is processed and treated to meet drinking water standards, even though only a very small proportion is consumed or used in food preparation. Municipal water monitoring is helpful in large water distribution networks with a focus on water protection and security.

Environmental Monitoring

Environmental monitoring describes the processes and activities that need to take place to characterize and monitor the quality of the environment. Environmental monitoring is used in the preparation of environmental impact assessments, as well as in many circumstances in which human activities carry a risk of harmful effects on the natural environment.

Application Overview:

The market's largest segment by application is the segment Industrial, with a market share of 52.2% in 2021.

Industrial

Production and manufacturing-based companies often discharge chemicals and other harmful fluids in rivers. Strict regulations are hence imposed on them to make sure that no harm is made to the aquatic life. Factories can hence use Online Water Quality Monitoring System to make sure that compliance is conformed as per the imposed regulations in many natural and industrial environments, including streams, watersheds, wells, caves, water/wastewater treatment plants, aquaculture operations, landfills, and processing plants.

Commercial

In view of increasing concerns about water shortages, water costs, and water quality issues, some commercial building owners for example, are forced to pay more attention to water resources and quality management. Some building managers take samples and test the water once or twice a year, but that method provides only a snapshot of water quality at one specific moment. A major contaminant could develop after testing and go unnoticed for months, making occupants vulnerable to illnesses. Therefore, Online Water Quality Monitoring System is necessary.

Residential

With the improvement of living standards, people are more eager for a healthy lifestyle and pay more and more attention to water quality issues that are closely related to daily lives. At present, water pollution is becoming more and more serious, and diseases related to water pollution continue to occur frequently. Residents want to have access to nutrient-rich water for drinking and other purposes, which makes Online Water Quality Monitoring System important in residential use.

Key Companies in the global Online Water Quality Monitoring System market covered in Chapter 3:

HACH Company
ABB Group
Horiba
Emerson Process
Suez (GE Water)
FPI Group
Kuntze Instruments, GmbH
Scan Messtechnik GmbH
Shimadzu
Xylem, Inc.
Thermo Fisher Scientific, Inc.
Libelium
RS Hydro
Tintometer GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Online Water Quality Monitoring System market from 2018 to 2029 is primarily split into:

Municipal Water Monitoring
Environmental Monitoring

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Online Water Quality Monitoring System market from 2018 to 2029 covers:

Industrial
Commercial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)