The Global Water Quality Monitoring Systems Market size is expected to reach $7.5 billion by 2028, rising at a market growth of 8.3% CAGR during the forecast period.
A system for monitoring various aspects of water quality, including hardware and software, is known as a "water quality monitoring system." It is a trustworthy analytical system designed to improve water quality. Water bodies must be regularly tested for contaminants in order to remain safe. Temperature, macroinvertebrates, phosphates, pH, nitrates, dissolved oxygen, and other parameters are measured through this system.
The standard of water resources directly impacts how people live their lives. Large water bodies in both urban and rural areas frequently receive contaminated water discharge due to environmental deterioration and extensive industrialization. Water becomes contaminated as a result, endangering human life. As a result, it is crucial to implement systems for monitoring water quality in order to assess it.
The rise in industrialization-related water pollution, the surge in the prevalence of waterborne diseases, and the rise in government regulations are the main growth factors for the market for water quality monitoring systems. To analyze the water quality, new sensors have been developed. These include dissolved oxygen sensors, turbidity sensors, conductivity sensors, pH sensors, chlorine sensors, ORP sensors, and temperature sensors.
The water distribution system is monitored by Online Water Quality Monitoring (OWQM) sensors, along with other analytical tools. During the forecast period, it is anticipated that the adoption of new technologies and creative techniques will increase demand for and popularity of water quality monitoring systems. One of the key market drivers is the increasing pollution that is negatively affecting the quality of drinking water.
Storms, droughts, and floods have become more common as a result of climatic changes brought on by rising pollution. Utility repair and retrofitting projects are consequently slowed down or put off. In such cases, utilities should accommodate end-user needs. As a result, numerous utilities are implementing systems for monitoring water quality.
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, and wastewater, and other goods & services significantly decreased.
Strict quality testing guidelines and parameters for water utilization are being pursued by numerous international organizations, including the Environmental Protection Agency (EPA), European Drinking Water Directive, Australian Drinking Water Guidelines, and China's GB3838-2002, among others. Countries that have not adopted these standards adhere to the World Health Organization's recommendations (WHO). All businesses & other end users must abide by these rules, and as part of that compliance, they must use water quality testing tools to determine the water's quality.
With rising manufacturing activity, water waste has become a significant issue in both developed and developing nations. In order to conserve water and natural resources, numerous governments and non-governmental organizations are making great efforts. Worldwide, a large number of people consume water that is tainted with micro-organisms, which can lead to diseases like cholera, typhoid, dysentery, and polio, among others.
The initial purchase price, operational costs, which include the cost of consumables and replacement parts, and maintenance fees are all included in the ownership costs of water quality monitoring systems. Standard chemical solutions and reagent preparation involve consumable costs. In addition, a significant portion of the equipment's overall cost goes toward analyzer maintenance. The management of spare parts inventories and in-plant repairs are the next-largest components of instrument cost of ownership after calibration.
Based on component, the water quality monitoring system market is segmented into pH sensors, DO sensors, temperature sensors, turbidity sensors and others. The DO sensors segment acquired a significant revenue share in the water quality monitoring systems market in 2021. DO sensors are utilized to measure dissolved oxygen concentration in water based on the quenching of luminescence in the presence of oxygen. The DO sensors can measure either the intensity or the lifetime of the luminescence as oxygen it affects both.
On the basis of application, the water quality monitoring system market is fragmented into residential, commercial, industrial and utility. The industrial segment covered a substantial revenue share in the water quality monitoring system market in 2021. Different types of analyzers are utilized for efficient wastewater treatment monitoring in a variety of industries, including oil & gas and chemicals. Additionally, industrial wastewater must undergo pretreatment before being disposed of directly into sewage treatment facilities for the general public.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 4.3 Billion |
| Market size forecast in 2028 | USD 7.5 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.3% from 2022 to 2028 |
| Number of Pages | 201 |
| Number of Tables | 294 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Component, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the water quality monitoring system market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region led the water quality monitoring systems market with the largest revenue share. This is because of the usage of contemporary technologies, the presence of developed economies, as well as the rise in manufacturing and industrial activities. Along with this, the strict governmental regulations of the governments of several nations in the region are supporting regional market growth.
Free Valuable Insights: Global Water Quality Monitoring Systems Market size to reach USD 7.5 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Danaher Corporation and Thermo Fisher Scientific, Inc. are the forerunners in the Water Quality Monitoring Systems Market. Companies such as Evoqua Water Technologies Corporation, Shimadzu Corporation and Xylem, Inc. are some of the key innovators in Water Quality Monitoring Systems Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Horiba Ltd., Danaher Corporation, Evoqua Water Technologies Corporation, Xylem, Inc., Shimadzu Corporation, Pentair PLC, Thermo Fisher Scientific, Inc., Uponor Corporation, and Teledyne Technologies, Inc.
By Component
By Application
By Geography
The Water Quality Monitoring Systems Market size is projected to reach USD 7.5 billion by 2028.
Strict Water Quality Standards Testing For A Wide Range Of Applications are driving the market in coming years, however, Monitoring Systems Are Generally Expensive restraints the growth of the market.
General Electric (GE) Co., Horiba Ltd., Danaher Corporation, Evoqua Water Technologies Corporation, Xylem, Inc., Shimadzu Corporation, Pentair PLC, Thermo Fisher Scientific, Inc., Uponor Corporation, and Teledyne Technologies, Inc.
The expected CAGR of the Water Quality Monitoring Systems Market is 8.3% from 2022 to 2028.
The Utility segment acquired maximum revenue share in the Global Water Quality Monitoring Systems Market by Application in 2021 thereby, achieving a market value of $3.4 billion by 2028.
The North America market dominated the Global Water Quality Monitoring Systems Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.8 billion by 2028.
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