Water quality monitoring systems are the fully integrated systems that are used to measure various parameters of water quality. The growing consumption of water for industrial and domestic purposes has influenced the water quality systems market. Government regulations regarding the quality of water and population have supported the growth of water quality monitoring systems market. The evolving environment laws in different regions might create challenges for the companies operating in the global water quality monitoring systems market.
MARKET SCOPE
The "Global Water Quality Monitoring Systems Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the water quality monitoring systems market with detailed market segmentation by offering, component, end-user, and geography. The report provides key statistics on the market status of the leading water quality monitoring systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on offering, the global water quality monitoring systems market is bifurcated into solutions and services.
- On the basis of component, the market is segmented into dissolved oxygen sensors, pH sensors, turbidity sensors, temperature sensors, TOC analyzer, and others.
- Based on end-user, the market is segmented into industrial, utility, commercial, and residential.
MARKET DYNAMICS
Drivers:
- Favourable government initiatives are driving the growth of the global water quality monitoring systems market.
- Increasing levels of water pollution, and growing industrial applications are the significant factors that are expected to drive the growth of water quality monitoring systems market.
Restraints:
- The high cost of monitoring systems and technical limitations are the major factors that might slow down the growth of water quality monitoring systems market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The water quality monitoring systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the water quality monitoring systems market in these regions.
IMPACT OF COVID-19 ON WATER QUALITY MONITORING SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the water quality monitoring systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from water quality monitoring systems market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the water quality monitoring systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Danaher Corporation
- Evoqua Water Technologies Corp.
- General Electric Company
- HORIBA, Ltd.
- OAKTON Instruments
- Pentair plc.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Uponor Corporation
- Xylem Inc.