MARKET OUTLOOK
Triton’s report on the water quality monitoring market in the Middle East and Africa suggests that the market would grow with a CAGR of 7.81% in the forecast period 2019-2027.
South Africa, Turkey, Saudi Arabia, the UAE and countries in rest of MEA together constitute the Middle East and Africa’s water quality monitoring market.
Due to the water scarcity concerns and rapid urbanization, the water quality monitoring market in the United Arab Emirates is expected to exhibit stable growth in the forecasting years. Owing to the extremely arid landscape of the country, water scarcity is a critical issue, as the rate of water consumption per capita is extremely high. The issues of groundwater scarcity, along with the limited and expensive processing & treatment of existing water, pose challenges for the market in the UAE. Although water usage by the private sector is one of the reasons for the water availability crisis, the agricultural sector has the most significant impact as it is the largest consumer of water. Thus, the need for water preservation & storage techniques is driving the demand for the water quality monitoring market.
COMPETITIVE OUTLOOK
The leading companies in the water quality monitoring market are Xylem, Inc., Thermo Fisher Scientific, Pentair PLC, HORIBA Ltd., Evoqua Water Technologies LLC, Heron Instruments, Inc., RS Hydro, Jenco and Agilent Technologies.