MARKET OUTLOOK
Triton Market Research predicts that the global water quality monitoring market would witness a CAGR of 6.01% over the forecast period of 2019-2027.
The quality of water gets affected due to several factors, such as pollution, floods, drought, etc. This demands the need for a system that can examine the water quality. A water quality monitoring system helps in measuring the chemical, physical and microbial qualities of water. These systems help in optimizing the quality of water and identifying hazardous contaminants that degrade it.
Industries release pollutants in water bodies through their sewage systems, which deteriorates the quality of water. Moreover, the presence of contaminants such as viruses in water is likely to lead to the incidence of waterborne diseases. This drives the need for systems to monitor water quality. Thus, the rise in industrial waste and the increase in water-related viruses, along with stringent regulations by several countries, are the factors that drive the water quality monitoring market. A rise in people’s disposable income, especially of the urban populace, has enhanced their purchasing power. Thus, an inclination towards adopting water quality monitoring systems among consumers is being observed. Thus, the rise in disposable income in the developing economies is bolstering the water quality monitoring market.
However, owing to the high cost of installation and maintenance for water quality monitoring systems, the growth of this market is impeded. Along with this, factors such as lack of awareness and scarcity of funds in emerging economies challenge the growth of the water quality monitoring market.
REGIONAL OUTLOOK
The regions of Europe, North America, the Asia-Pacific, Latin America and the Middle East and Africa have been covered for analysis of the global water quality monitoring market.
The market in the Asia-Pacific is forecast grow at the fastest rate, owing to the presence of emerging countries and the development of the urban sector in this region. Regulations by the government in countries like China, India, Japan and others have led to a sudden increase in monitoring programs. Thus, the deployment of monitoring systems by governments as well as private organizations, has led to the growth of this market. Moreover, the rapid industrialization in countries like India, South Korea and Indonesia, among others, has further fueled the growth of the water quality monitoring market in this region.
COMPETITIVE OUTLOOK
The companies mentioned in the water quality monitoring market report are Uponor Corporation, Teledyne Technologies, LaMotte Company, Danaher Corporation, Heron Instruments, Thermo Fisher Scientific, Pentair PLC, Inc., Shimadzu Corporation, Emerson Instruments, RS Hydro, General Electric Company, Evoqua Water Technologies LLC, Inc., Agilent Technologies., Jenco, HORIBA Ltd., Inc., Xylem and Oakton Instruments, Inc.
Emerson Electric Co. is a global technology company offering industrial automation, process management and engineering services. It provides hardware & software solutions to thermal, power and infrastructure industries. Remote monitoring, preventive maintenance, emergency response & repair, equipment upgrades, replacement & retrofits and training are some of the services offered by the company. Emerson Electric serves the industrial, commercial and consumer markets. The company operates across North America, Europe, Asia-Pacific, the Middle East & Africa (EMEA) and Latin America. Its wide geographic presence insulates it from the risk of operating in a single economy and enables it to generate multiple revenue streams.