The Global Water Quality Sensor market is projected to grow at a CAGR of around 6.2% in the forecast period of 2023-28, says MarkNtel Advisors in their recent research report. The market is anticipated to be driven by increasing water pollution by industrialization, a surge in waterborne illnesses, and strict government regulations for disposing of effluent wastewater. Water pollution causes nearly 80% of the diseases such as cholera, malaria, and diarrhea in developing nations. Owing to this, the governments of different countries have pushed industrial, agriculture, wastewater management, and residential sectors to strictly monitor water pollution.
Moreover, UN programs like the Sustainable Development Goals (SDGs), whose Goal 6 aims to improve water quality by reducing pollution, limiting the release of hazardous chemicals & materials, and reducing the percentage of untreated wastewater to half, are further aided by nations in increasing their focus on water monitoring. This surge in government focus on monitoring water pollution levels has supported the market during the historical period.
Furthermore, industries are one of the main contributors to water pollution as they dump industrial waste, like asbestos, lead, nitrates, mercury, phosphates, sulfur, oils, petrochemicals, etc., into water bodies. Due to the fact that these substances are dangerous, pollute water bodies like lakes, rivers, ponds, and oceans, and disrupt marine ecosystems, various nations are tightening their regulations to control industrial water pollution & are putting pressure on industries to regularly measure & monitor their wastewater discharges.
Owing to this, sectors such as textile, food & beverage, manufacturing, etc., are currently concentrating on reducing the number of dangerous chemicals in wastewater, which is creating a significant requirement for these sensors in the following years, further states the research report, "Global Water Quality Sensor Market Analysis, 2023."
Burgeoning Demand for pH Sensors to Boost the Global Market
Based on type, the market is bifurcated into Total Organic Carbon (TOC), Residual Chlorine Sensor, Turbidity Sensor, Conductivity Sensor, pH Sensor, ORP (Oxidation-reduction potential) Sensor, and Others (Chemical Oxygen Demand (COD) Sensor, Ion Probe Sensor, etc.) Among them, a pH sensor is one of the essential tools used to measure the amount of alkalinity & acidity in water & other solutions. Due to this, industries like chemicals, water & wastewater, food & beverage, pharmaceutical, power plants, and oil & gas are large procurers of pH sensors.
The growing number of industrial production units, aquaculture, sewage treatment plants, agricultural farmlands, pharmaceutical manufacturing, food & beverage production, dairy & agriculture, and water treatment applications & their need for these sensors to monitor the quality of water & other liquids is helping on the growth of the Water Quality Sensor market. Furthermore, the availability of different types of pH sensors like pH composite sensors, Desulfurization pH sensors, PTFE pH sensors, Electro-plating pH sensors, pH Glass sensors, PH antimony sensors, etc., has further increased the range of industries & sectors which could adopt these pH sensors.
Asia-Pacific to Dominate the Market During the Forecast Period
The positive growth in the consumption of packaged food & beverages across the Asia-Pacific has catered to the expansion of the industry. The high internet penetration, smartphone penetration, and the growth of home delivery services have resulted in an increased preference for packaged food items, which further ameliorated the expansion of the food & beverage manufacturing units across the region. These manufacturing units require water quality sensors during the manufacturing process & also in post-processing functions like treating wastewater discharge, owing to which the sales of these sensors in the region are increasing.
Furthermore, the demand for these sensors from countries like Kazakhstan, India, China, Japan, etc., is expected to rise as the countries expand their pharmaceutical manufacturing capabilities. The pharmaceutical industries & their need for water quality sensors in their water quality monitoring systems & wastewater treatment systems are predicted to boost the demand for these sensors during the forecast period.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Xylem, Inc, Horiba, Ltd, ABB Ltd, Oakton, Thermo Fisher Scientific, Yokogawa, Eureka Water Probes, In-Situ, Inc, Campabell, Inc, Hatch, Fondriest Environment Inc, Libelium, Geotech Environment Equipments, Optiqua, etc., are looking forward to strengthening their market position.
Key Questions Answered in the Research Report