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Dissolved Oxygen Sensors Market Segmentation by Sensor Type (Concentration Cell Sensors, Oxide Semiconductor Sensors, Electrochemical Sensors, Optical Sensors, and Others); and by Application (Wastewater Treatment, Aquaculture, Environmental Sciences, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • July 14, 2020: Hach, a subsidiary of Danaher Corporation, to acquire Aquatic Informatics Inc. to expand its water quality platform. Aquatic Informatics provides software solutions for critical water data management and analytics.

  • November 30, 2019: Acuva Technologies Inc. launched a new Point-of-Entry (PoE) UV-LED water disinfection system, which offers flow rates from 8 to 20 GPM with minimal maintenance.

Global Dissolved Oxygen Sensors Market Highlights over 2022 – 2031

The global dissolved oxygen sensors market is estimated to grow at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. Dissolved oxygen sensors are analytical instruments used to measure the concentration of oxygen in a liquid. The growth of the market can be attributed to the growing application of the sensors in the wastewater management systems. The increasing adoption of water recycling is bound to raise the demand for dissolved oxygen sensors, to check the reusability of water, as water with low oxygen level is not fit for use. Moreover, increasing prevalence of contamination of water sources, along with increasing awareness amongst authorities regarding water pollution, is projected to contribute to the market growth. According to the statistics by the World Health Organization (WHO), 785 million people lack basic drinking-water service, while 2 billion people globally use a contaminated water source for drinking. In addition to this, the surge in aquaculture or fish farming, is expected to increase the demand for dissolved oxygen sensors, as these are required to maintain the level of oxygen in the water. For instance, global fish production amounted to over 178 million metric tons in 2019.

Dissolved Oxygen Sensors Market GraphThe market is segmented by application into wastewater treatment, aquaculture, environmental sciences, and others, out of which, the wastewater treatment segment is anticipated to hold a substantial share in the global dissolved oxygen sensors market over the forecast period on account of increasing demand for treating waste water for reuse, backed by the rapidly increasing water scarcity globally. Moreover, water with too low or high oxygen level can be harmful for consumption. Such factors are estimated to boost the segment growth.CLICK TO DOWNLOAD SAMPLE REPORT

Electricity Graph

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Dissolved Oxygen Sensors Market Regional Synopsis

On the basis of geographical analysis, the global dissolved oxygen sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period, on the back of increasing demand for water amongst the growing population, along with increasing water pollution levels in the developing countries. Moreover, the increasing adoption of aquaculture in the APAC region, is further foreseen to boost the market growth. According to the data by the World Bank, the aquaculture production amounted to 66,135,060 metric tons in China, in 2018.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing problem of water shortage in urban areas, along with the rising fish culture and aquaponics activities in the region.

Dissolved Oxygen Sensors Market Share Graph

The global dissolved oxygen sensors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global dissolved oxygen sensors market includes the following segments:

By Sensor Type

  • Concentration Cell Sensors
  • Oxide Semiconductor Sensors
  • Electrochemical Sensors
  • Optical Sensors
  • Others

By Application

Growth Drivers

  • Increasing Demand for Wastewater Management
  • Growing Adoption of Aquaculture Globally

Challenges

  •  Poor Awareness amongst Wastewater Treatment Facilities
  • Wastewater-related Diseases due to Aerobic Bacteria

Top Featured Companies Dominating the Market

  • Hky Technology Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Metex Corporation
  • Horiba, Ltd.
  • Mettler Toledo
  • Campbell Scientific India Pvt. Limited
  • Emerson Electric Co.
  • Xylem Analytics GmbH & Co. KG.
  • Hach Company (Danaher Corporation)
  • Thermo Fisher Scientific Inc.
  • Honeywell International Inc.

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