Latest News- Water Quality Monitoring Equipment Market: Groundwater is expected to lead the Application segment during 2024-2028
The Water Quality Monitoring Equipment Market is being driven by Increasing pollution adversely affecting quality of drinking water
The Water Quality Monitoring Equipment Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 979.3 million. In the context of the water industry, aging infrastructure poses significant challenges for utilities, necessitating upgrades to ensure compliance with regulatory safe water standards. Despite water leaving treatment facilities free of contaminants, water quality degrades during distribution due to disinfectant depletion, contaminant intrusion, and biofilm formation. To mitigate these issues, water utilities are adopting smart water networks. These comprehensive systems consist of advanced technologies that enable continuous, remote monitoring and diagnosis of water distribution-related problems, ultimately improving overall water quality and enhancing operational efficiency.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (Groundwater, Drinking water, Wastewater, Aquaculture, Others) Geography (North America, APAC, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Water Quality Monitoring Equipment Market Research Report
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The Water Quality Monitoring Equipment Market encompasses hardware units designed to measure various water quality parameters, including temperature, pH, dissolved oxygen, turbidity, nitrates, phosphates, and heavy metals. These parameters are crucial for water testing in both surface water bodies and the native groundwater of the target aquifer. Equipment such as macroinvertebrates, chlorine sensors, ORP sensors, and conductivity sensors are used to assess ecosystem health. Detention times, hydrological models, tracer breakthrough data, and chemical reactions are also considered in water quality monitoring to ensure the accurate measurement of water quality parameters and maintain optimal levels for native species and human consumption. Water quality parameters like nitrogen, phosphorus, and dissolved oxygen significantly impact ecosystem health, while heavy metals can pose potential health risks.
The Water Quality Monitoring Equipment Market is a significant segment of the larger electrical components and equipment market. This market encompasses the production and sale of hardware units designed to test and measure various water quality parameters, including temperature, macroinvertebrates, nitrates, and phosphates. The dissolved oxygen level is another crucial parameter monitored through these systems. Manufacturers of water quality monitoring equipment contribute to the global electrical components and equipment market, which also includes revenue from electrical distribution and protection equipment, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Additionally, the market size is calculated by considering the rental and leasing of these electrical components and equipment to industrial, commercial, and residential clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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