Water Quality Monitoring Market Explores New Growth Opportunities – Business Valued 4.69 Billion USD by 2025


Posted February 7, 2020 by estherwjarrell

Major factors driving this market. However, high cost of environmental monitoring solutions and technical limitations associated with water monitoring products are the major restraints for this market.

 
The major factor driving this market is the development of government policies and initiatives to protect the environment from the adverse effects of pollution. This drives the adoption of pollution monitoring instruments across the globe. The water quality monitoring market was valued at USD 2.95 billion in 2015 and is expected to reach USD 4.96 billion by 2025, growing at a CAGR of 4.54% between 2016 and 2025.

The key opportunity for this market is the growing popularity of the smart city concept. Some of the key factors driving this market are the development of policies and initiatives to reduce environmental pollution level and growing industrial applications for water testing and analysis instruments.

Browse 47 market data tables and 42 figures spread through 157 Slides and in-depth TOC on Water Quality Monitoring Market

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The key players in the water quality monitoring market are Horiba (Japan), General Electric Company (U.S.), Xylem, Inc. (U.S.), Danaher Corporation (U.S.), and Teledyne Technologies, Inc. (U.S.), among others.

Water quality monitoring market for TOC analysers expected to grow at the highest rate during the forecast period

The market for TOC analysers is expected to witness high growth owing to their versatile applicability and increased attention on environmental issues such as water pollution and water contamination.

Europe expected to hold the largest share of the market during the forecast period

The water quality monitoring market is expected to grow exponentially in Europe. The water quality monitoring activities are conducted in this region because of the increased awareness about water pollution and contamination.

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Top 2 players in the water quality monitoring market

General Electric Company (GE) is the major market player that offers water testing and analysis solutions globally. GE has many divisions and market segments covering energy management, renewable energy, healthcare, and oil and gas, among others. GE has developed more advanced solutions on different application platforms and is actively launching them; for example, GE launched SaaS through a platform Predix, along with storm and sewer solutions and digital water plant solutions, to improve operational efficiencies. Owing to its brand value, GE has made several installations of water treatment solutions and quality systems at various sites across the world; for example, GE supplied its advanced wastewater treatment equipment for the Jingneng Zhuozhou coal-fired power plant in Zhuozhou, China. To have robust product portfolio, GE has made several partnerships in the field of water quality testing and monitoring; for example, GE partnered with American Water and MWH Global to optimize their SaaS-based single platform Predix to improve the water quality.

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Issued By Mr. Shelly Singh
Country United States minor outlying islands
Categories Technology
Tags Water Quality Monitoring Market
Last Updated February 7, 2020