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Based on Technavio's market sizing methodology, the water quality monitoring equipment market size is predicted to surge to USD 1.21 billion from 2021 to 2026 at a CAGR of 5.45%. This water quality monitoring equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The water quality monitoring equipment market report also offers information on several market vendors, including Aeron Systems Pvt. Ltd., Agilent Technologies Inc., Atlas Scientific LLC, Campbell Scientific Inc., Danaher Corp., Environmental Holdings Pty Ltd., Evoqua Water Technologies LLC, General Electric Co., Geotech Environmental Equipment Inc., Hanna Instruments United States Inc., HORIBA Ltd., Hydro International Ltd., In Situ Inc., Libelium Comunicaciones Distribuidas SL, Metex Corp. Ltd., National Institute of Water and Atmospheric Research Ltd., Optiqua Technologies Pte Ltd., RS Hydro Ltd., Sea Bird Scientific, Stevens Water Monitoring Systems Inc., and Thermo Fisher Scientific Inc. among others. Furthermore, this report extensively covers water quality monitoring equipment market segmentation by:
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the water quality monitoring equipment market encompasses successful business strategies deployed by the key vendors. The water quality monitoring equipment market is fragmented and the vendors are deploying growth strategies such as providing water quality sensors/water quality meters with smart connectivity options such as ZigBee, Ethernet, Wi-Fi, 2G, and 3G to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The water quality monitoring equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the water quality monitoring equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for water quality monitoring equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The demand from the aquaculture segment will facilitate the water quality monitoring equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
APAC experienced a slowdown in the growth of the chemical and mining end-user industries in the market following the outbreak of the COVID-19 pandemic, which has resulted in the temporary halt of several industrial operations. A steady economic recovery in APAC is, however, expected, with many countries, including Japan and China, resuming operations in the commercial and industrial sectors in 2021.
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The water quality monitoring equipment market share growth by the groundwater segment will be significant during the forecast period. Groundwater and surface water are part of continuous processes and dynamic weather and atmospheric conditions like diurnal cycles and seasons. Hence, the key parameters of groundwater and surface water keep changing. It has become important to check the reliability of water supplies as vendors have improved their technology. Meters can record multiple readings simultaneously for different parameters using water quality equipment. Many sensors work in tandem to provide concurrent measurements to arrive at the final result.
This report provides an accurate prediction of the contribution of all the segments to the growth of the water quality monitoring equipment market size and actionable market insights on post COVID-19 impact on each segment.
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing pollution adversely affecting the quality of drinking water is notably driving the water quality monitoring equipment market growth, although factors such as the lack of water infrastructure in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the water quality monitoring equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Water Quality Monitoring Equipment Market Driver
Key Water Quality Monitoring Equipment Market Trend
Key Water Quality Monitoring Equipment Market Challenge
This water quality monitoring equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global water quality monitoring equipment market as a part of the global water utilities market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the water quality monitoring equipment market during the forecast period.
Water Quality Sensor market - The market share has the potential to grow by USD 917.28 million during 2019-2024, and the market's growth momentum will accelerate at a CAGR of 5%.
Water Quality Monitoring Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.45% |
Market growth 2022-2026 |
$ 1.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.88 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 34% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aeron Systems Pvt. Ltd., Agilent Technologies Inc., Atlas Scientific LLC, Campbell Scientific Inc., Danaher Corp., Environmental Holdings Pty Ltd., Evoqua Water Technologies LLC, General Electric Co., Geotech Environmental Equipment Inc., Hanna Instruments United States Inc., HORIBA Ltd., Hydro International Ltd., In Situ Inc., Libelium Comunicaciones Distribuidas SL, Metex Corp. Ltd., National Institute of Water and Atmospheric Research Ltd., Optiqua Technologies Pte Ltd., RS Hydro Ltd., Sea Bird Scientific, Stevens Water Monitoring Systems Inc., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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