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The Asia Pacific region has emerged as one of the leading markets in the global water quality sensor market. The presence of a robust pharmaceutical, as well as food and beverage, market is one of the major drivers for the market growth in the region. There has also been an increase in the use of water quality sensors in developing countries in this region due to the rising depletion of pure and clean water, coupled with an increase in industrialisation in these countries.
The major players in the industry are witnessing a robust growth in the market due to the rising awareness of the depletion water resources and the rising demand for water-quality sensors incited by the stringent government regulations regarding water quality. In 2018, Danaher’s water quality business contributed a revenue of USD 2.4 billion, accounting for nearly 56% of the company’s Environmental & Applied Solutions segment revenues.
In 2018, Hach, a wholly-owned subsidiary of Danaher Corporation (NYSE: DHR), announced the extension of its partnership with wastewater management solutions provider, Veolia. The two companies have signed a three-year partnership agreement, wherein Hach will become the primary water analysis solutions supplier for Veolia customers. Under this partnership, Hach will provide Veolia with laboratory equipment and chemistry, and will be the preferred supplier of process analysers, samplers, and panel solutions. Such collaborations are expected to further spur the growth of the global market in the coming years.
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The major players in the global water quality sensor market are YSI Inc. / Xylem Inc., ABB Ltd, Horiba, Ltd., Oakton Instruments, Pentair Aquatic Eco-Systems, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, and Danaher Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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