Global Water Quality Monitoring Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report shows that the global water quality monitoring market would advance at a CAGR of 5.51% in the forecast period from 2023 to 2030.
Factors such as the growing incidence of water-borne ailments and technological advancements that enable superior water monitoring are major leading factors driving the market’s growth. In addition, the need to adhere to stringent government regulations to ensure water quality is also contributing to market growth.
On the other hand, the high cost of water quality monitoring (WQM) systems is a key restraining factor in the path of market growth. However, the integration of IoT-based systems in smart WQM systems presents lucrative growth opportunities for the studied market.
REGIONAL OUTLOOK
The global market for water quality monitoring spans across Europe, the Middle East and Africa, the Asia-Pacific, North America, and Latin America.
Latin America is expected to observe the fastest growth in the global market during the assessed period. The construction of smart cities in Peru, Brazil, Colombia, and Mexico, along with well-planned investments for integrated projects for improving water management have driven the demand for WQM systems in the region. This is expected to bolster the market’s growth in the region.
On the other hand, North America is the leading market worldwide, accounting for the dominant revenue share in 2022. The implementation of strict government regulations pertaining to clean water supply have fueled the deployment of water quality monitoring systems in the region. This, in turn, has bolstered the market’s growth in both residential and commercial sectors.
COMPETITIVE OUTLOOK
The key players profiled in the report on the water quality monitoring market include Horiba Ltd, Evoqua Water Technologies Corp, Thermo Fisher Scientific Inc, Agilent Technologies Inc, Danaher Corporation, Shimadzu Corporation, Teledyne Technologies Inc, Xylem Inc, Emerson Electric Co, and Pentair Plc.
Danaher Corporation is engaged in designing, manufacturing, and marketing medical, industrial, professional, and commercial products and services. It offers a wide range of water quality monitoring systems, turbidity monitoring meters, and colorimeters. Founded in 1999, Danaher Corporation has a diverse consumer base across the world. The company has facilities for R&D, manufacturing, distribution, sales, and service in more than 50 countries across Europe, the Middle East, Africa, North America, Latin America, and the Asia-Pacific.
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