Rising Health Concerns to Drive Global Water Quality Monitoring Market

Triton Market Research presents the ‘Global Water Quality Monitoring Market’ report sectioned by Component (pH Sensors, DO Sensors, Temperature Sensors, Turbidity Sensors, Other Components), by Application (Utilities, Industrial, Commercial, Residential, Other Applications), and by Regional Outlook (Middle East and Africa, Latin America, Europe, Asia-Pacific, North America).

The report further discusses the Market Summary, Industry Outlook (Technology Snapshot, Parent Market Analysis, Porter’s Five Forces Analysis, Market Maturity Analysis, Key Buying Impact Analysis, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective), Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

Triton’s research report suggests that the global water quality monitoring market would advance with a CAGR of 5.51% in the forecast years from 2023 to 2030.

Two major sources of water-borne diseases include pollutants (such as nitrates, chemicals, and heavy metals that flow into the water due to industrial pollution) and contaminants (such as bacteria, viruses, and parasitic organisms). Health effects caused by consuming polluted or contaminated water range from intoxication to life-threatening diseases or sudden death. With the growing concerns regarding water safety, the demand for water quality monitoring (WQM) systems has grown.

The sales of WQM devices are mainly centered around small-scale specialist retail outlets; whereas, their R&D is focused on large-scale applications like carbon sequestration and soil amendment. This presents a state of uncertainty, which creates challenges in the path of market growth.

North America is the leading regional market globally, which accounted for the highest revenue share in 2022. The contamination of water resources with pathogens (such as fecal coliform bacteria) is a grave concern in many areas across the region. The source of this pathogenic contamination is mainly untreated or poorly treated sewage. Thus, the high adoption of water quality monitoring systems is witnessed across North America.

Leading names engaged in the water quality monitoring market include Xylem Inc, Pentair Plc, Shimadzu Corporation, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Emerson Electric Co, Evoqua Water Technologies Corp, Horiba Instruments Inc, Teledyne Technologies Inc, and Danaher Corporation.

The large capital investment required for R&D, manufacturing, and distribution acts as a hindrance for aspiring market players. The construction of a complete manufacturing unit accounts for the largest share in terms of capital investment. Moreover, the low number of buyers owing to the lack of awareness across several geographical locations hampers the growth prospects for companies. The price wars and ease of substitution are also anticipated to influence the market dynamics in the forthcoming years.