Research Nester has released its report titled “Online Water Quality Monitoring Systems Market: Global Demand Analysis & Opportunity Outlook 2020-2027” that delivers detailed overview of the global online water quality monitoring systems market in terms of market segmentation by type, wireless sensors, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global online water quality monitoring systems market comprises of three segments which are segmented by type into municipal water monitoring and environmental water monitoring, by wireless sensor into pH sensor, ORP/Redox sensor, conductivity sensor and others and by application into industrial, commercial and residential sector. The residential sector falling under application segment is anticipated to grow significantly over the forecast period (2020-2027), owing to increase in demand for quality water at homes among the global population.
The growth of the market is driven by several factors such as growing urbanization of various nations across the world and rise in discharge of industrial effluents and sewage across various nations in the region. Growing number of individuals who are shifting towards urban areas in search of livelihood is estimated to raise the demand for potable water across the urban areas of the world. The rise in number of deaths and diseases on account of consumption of contaminated water has affected several urban areas of the world who are driving the demand for potable water. These factors are anticipated to drive the growth of the market over the forecast period.
The global online water quality monitoring systems market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in Asia Pacific region is projected to observe high growth, owing to the presence of huge population which is in need of quality water at affordable costs, especially in nations such as China and India. Moreover, with growing number of chemical and leather industries shifting their base from developed nations towards developing nations such as China and India is anticipated to drive high demand for online quality monitoring systems on account of increased air and water pollution levels. On the other hand, Middle East and Africa region is estimated to grow moderately, on account of heavy demand for quality water in the region that is faced with water shortages in many parts of the region.
However, online water quality monitoring systems market may suffer from some limitations such as lower levels of awareness in several rural areas across various regions and the costs of installation and maintenance of these systems being expensive that is predicted to decrease the demand for online water quality monitoring systems over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global online water quality monitoring systems market which includes company profiling of key companies such as HACH Company, Xylem, Inc. (NYSE: XYL), S::can Messtechnik GmbH, Thermo Fisher Scientific, Inc. (NYSE: TMO), Libelium, Tintometer GmbH, Kuntze Instruments, GmbH, Shimadzu Corporation (TYO: 7701) and RS Hydro Limited. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global online water quality monitoring systems market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.