Water Quality Monitoring Systems Market Overview, Statistics and Future Estimation - Leading Players Analyzed are Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba Ltd., OAKTON Instruments

The global water quality monitoring systems market was valued at $3,815.9 million in 2017 and is expected to reach $6,692.3 million by 2025, growing at a CAGR of 7.3% from 2018 to 2025. The pH sensors segment dominated the global market in terms of revenue, accounting for more than 30.9% share in 2018 and is expected to witness significant growth during the forecast period.

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The growth of the global water quality monitoring systems market is driven by a rise in awareness about clean water in urban population. Increase in prevalence of waterborne diseases boosts the demand for water quality monitor systems across the world. Thus, these factors are anticipated to provide potential opportunities for the key players operating in the market. However, water quality monitoring equipment is expensive, and its maintenance & operation costs are very high. Lack of understanding and awareness about contaminated water in rural places restricts the growth of the global water quality monitoring systems market. Rise in disposable income of consumers increases the development opportunities in this market.

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The pH sensors segment contributed the highest share of 30.9% in the global water quality monitoring systems market in 2017 and is expected to grow at a CAGR of 7.7% during the forecast period. The pH sensors are extensively used for measuring the acidity and alkalinity in water, which boost their demand in the market.

Based on application, the residential segment is expected to account for the highest CAGR in the global market during the forecast period owing to increase in government initiatives in the Asia-Pacific region. Based on component, the pH sensor segment is expected to account for a maximum share, growing at a significant CAGR during the forecast period. This is attributed to the decline in cost of sensors, which in turn has propelled their adoption in residential and commercial segments.

Comprehensive and Competitive Analysis of Major Market Players

-Danaher Corporation
-Evoqua Water Technologies
-General Electric Company
-Horiba Ltd.
-OAKTON Instruments
-Pentair
-Shimadzu Corporation
-Thermo Fisher Scientific Inc.
-Uponor
-Xylem Inc.

North America is the highest contributor to the global water quality monitoring systems market in terms of revenue in 2018 and is expected to maintain its dominance during the forecast period, owing to use of modern technologies, the presence of developed economies, and increase in manufacturing and industrial activities.

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