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Global Water Quality Sensor Market is Expected to Grow at a CAGR of 8% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Water Quality Sensor Market Report and Forecast 2022-2027’, the global water quality sensor market is expected to grow at a CAGR of 8% in the forecast period of 2022-2027.

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.

Market Analysis by Types, Component, End Use, and Region:

  • The global water quality sensor market on the basis of type can be divided into handheld meters, multiparameter sondes, conductivity meters, temperature and depth loggers (CTD), automatic water samplers, single parameter sensors, online/process monitors, and colorimeters, among others.
  • Based on components, the industry can be divided into pH sensors, DO sensors, temperature sensors, and turbidity sensors, among others.
  • By end-use, the market is segmented into utility, household sectors, agricultural sectors, and aqua culture, among others.
  • The regional markets for water quality sensors include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global water quality sensor market is being driven by the strict government regulations regarding the quality of water to be used and released by various industries.
  • The increase in the use of recycled and processed water has allowed this market to grow in multiple regions.
  • The development of lightweight sensors with wireless capabilities in recent times has also increased the ease of usage and appeal of these sensors, hence increasing their consumption.
  • Sensors equipped with wireless communication technology have also made it possible to easily monitor remote locations like oceans and seas, further catalysing market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global water quality sensor market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, components, end-uses, and major regions of water quality sensors.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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