Strategic Assessment of Worldwide Water Quality Sensor Market – Forecast Till 2028
The growing water pollution owing to the increase in the industries all around the world, coupled with the stringent government regulation on wastewater disposal, is anticipated to drive the Water Quality Sensor market in the forecast period.
The global Water Quality Sensors Market is primarily driven by the rising importance of water, rising problems for rise in water pollution due to industrialisation, increase in prevalence of waterborne diseases, and surge in government obligations. 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.
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The global Water Quality Sensor Market is segmented into Groundwater, Drinking water, Wastewater, Aquaculture, Coastal, Laboratory, and Other. In 2018, the groundwater segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the use of improved technologies in the manufacturing of water quality sensors will play a significant role in the groundwater segment to maintain its market position.
However, due to rising aquaculture industry will make the market for aquaculture segment to grow with a higher CAGR for the forecast period.
The global Water Quality Sensor Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
APAC provides a large number of growth opportunities for water quality sensor manufacturers. The presence of many pharmaceutical and F&B companies in the region has increased the need for water treatment plants. Moreover, lack of proper sanitation and ecosystem deterioration in many developing countries in APAC has reduced the availability of clean water.
These factors are driving the growth of the water quality sensor market in APAC. And the rise in the industrialization in APAC coupled with the stringent regulation of government for proper water disposal.
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Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Water Quality Sensor Market is a fragmented market with the presence of various global and regional players in the market. The major players include Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba Ltd, and OAKTON Instruments. Other key players in the market include Pentair, Shimadzu Corporation, Thermo Fisher Scientific Inc, Uponor, and Xylem Inc.
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