Asia-pacific Water Quality Monitoring Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report states that the water quality monitoring market in the Asia-Pacific would grow with a CAGR of 6.06% during the forecasting years from 2023 to 2030. Australia & New Zealand, India, ASEAN countries, South Korea, Japan, China, and Rest of Asia-Pacific are evaluated in the market in this region.
Due to the rising need for recycling water for various purposes, the water quality monitoring market in Japan is expected to continue developing steadily during the forecast period. Recycling facilities have also been constructed alongside water treatment facilities, which has increased water quality monitoring systems’ adoption. Also, due to regulations pertaining to industrial wastewater discharge, there has been a remarkable improvement in the water quality in the country over the past few years. This has been made possible by the enhanced adoption of water quality monitors.
Rapid and ongoing industrialization and urbanization in Vietnam have deteriorated the water quality in the country. This has enhanced the need for wastewater treatment. Water quality monitoring meters are highly beneficial in this regard. Also, in order to ensure that water is treated before supply, the country’s government has announced numerous investment projects for wastewater treatment. The government’s plans to turn Vietnam into a manufacturing hub would increase the demand for water treatment facilities. This would bolster the studied market’s growth in Vietnam, a key ASEAN country.
COMPETITIVE OUTLOOK
The acclaimed players in the water quality monitoring market are Shimadzu Corporation, Teledyne Technologies Inc, Agilent Technologies Inc, Thermo Fisher Scientific Inc, and Evoqua Water Technologies Corp.
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