San Francisco, California, January 08, 2018: The rising implementation of wastewater treatment practices in various parts of the world, supported by environmental and health policies, is a crucial factor stoking the demand for water quality monitoring. Intensifying efforts to preserve the declining freshwater resources world over and the pressing need to manage the quality of waterways is a crucial factor boosting the market. The significant role of water quality monitoring in increasing the effectiveness of pollution control programs in developing and developed regions is a key factor accentuating the growth of the market.
A new report penned by TMR Research, titled, “Water Quality Monitoring Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offers an incisive analysis of various factors and trends shaping the current dynamics and future growth trajectory of the market. The study offers insights into the share and size of various segments, recent partnerships and collaborations in major regions, and the regulatory landscape prevailing in major regions.
The rising incidence of presence of corrosiveness in ground-water sites and the mounting concerns of toxic chemicals leaching into drinking water are important aspects creating substantial demand for water quality monitoring systems and technologies. The rising incidence of waterborne diseases in several developing and less developed regions is also bolstering the demand. A rising worldwide population relying on municipal water for their daily needs in these regions is stimulating the need for monitoring the quality of water.
The rising prevalence of diarrheal diseases in communities with constrained access to safe sanitation and drinking water is fueling the demand for robust water quality monitoring practices by governments. A number of regional regulations in place to monitor the leaching of industrial waste into public water bodies in several developed and developing countries is providing a robust fillip to the market. Various water quality monitoring practices are increasingly being adopted by law makers and water managers in developed nations to help them measure the effectiveness of various water policies. This is a key trend accentuating the growth of the market.
The limited awareness about water quality management in rural population in several developing countries and the high cost of related technologies are key factors likely to cripple the growth of the market to an extent. Nevertheless, a large number of governmental initiatives focusing on creating awareness in these countries bodes well for the market.
The prominent trend of remote water quality monitoring using IoT devices is opening up promising prospects for market players in major regions. The growing number of smart city initiatives include cleaning of rivers and waterways, thereby creating a robust demand for various water quality management systems. Several technological advances made in sensors in recent years augur well for the water quality monitoring systems.
Regionally, Europe and North America are prominent markets for water quality monitoring. The extensive adoption of water quality monitoring practices in various parts of Europe can be attributed to the sustained focus on preserving the quality of freshwater resources and water quality monitoring activities. Countries such as France, the U.K, Germany, Denmark, Switzerland, and Portugal will be at the forefront of the growth in this regional market. In North America, several emerging governmental norms and regulations from regional bodies are accentuating the growth of the market over the assessment period. Asia Pacific is anticipated to witness several promising avenues for market players in the years to come. A major chunk of demand is expected to come from countries such as India, Japan, China, and Singapore.
The vendor landscape in the global water quality monitoring market is fairly fragmented marked by the presence of a number of big players hoping to gain a significant share. Key players operating in the market include Thermo Fisher Scientific, Horiba, Ltd., OAKTON Instruments, LaMotte Company, Hanna Instruments, Hydro International, YSI, OTT Hydromet, Xylem, Mettler- Toledo International Inc., Danaher Corporation, Honeywell International, Inc., Agilent Technologies, Shimadzu Corporation, and General Electric Company.
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