Market Research Report

Global Water Quality Sensor Market Research Report: Forecast (2023-2028)

By Type (Total Organic Carbon [TOC], Residual Chlorine Sensor, Turbidity Sensor, Conductivity Sensor, pH Sensor, ORP [Oxidation-reduction potential] Sensor, Others), By Application...(Industrial, Agriculture, Drinking Water, Wastewater Management, Residential, Others), By Region (North America, South America, Europe, Middle East and Africa, Asia-Pacific), By Company (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, Others) Read more

  • ICT & Electronics
  • May 2023
  • 184
  • IT88027

Market Definition

Monitoring systems for water quality consist of a series of hardware units & software programs that measure a range of water quality parameters. The system is reliable & designed to optimize water quality. Testing water regularly is essential for preventing hazardous pollutants from entering water bodies. Temperature, macroinvertebrates, nitrates, phosphates, dissolved oxygen, pH, and other factors are all measured while analyzing the water quality.

Market Insights

The Global Water Quality Sensor market is projected to grow at a CAGR of around 6.2% during the forecast period, i.e., 2023-28. The rising water pollution due to industrialization, the surge in waterborne diseases, and the presence of stringent government regulation for wastewater disposal by industries are expected to fuel the market.

Industrial sector are one of the major causes of water pollution as they discard industrial waste like asbestos, lead, nitrates, mercury, phosphates, sulfur, oils, petrochemicals, etc., in water bodies. These substances are harmful & pollute water bodies like lakes, rivers, ponds, oceans, etc., and disturb marine ecosystems, owing to which different countries are strengthening their water pollution control regulations & pressurizing industries to measure & monitor their water discharges on a regular basis.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.2%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled 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, Others
Unit Denominations USD Million/Billion

 

Companies across industrial sectors, like textiles, food & beverage, manufacturing, etc., are now focusing on minimizing the percentage of harmful chemicals in wastewater discharge, owing to which the procurement of water quality sensors from various end-user industries is significantly increasing, further enhanching the Water Quality Sensor Market share.

Another major factor propelling the growth & enhancing the size of the Global Water Quality Sensor market is the surge in the number of wastewater treatment plants across the globe. The scarcity of freshwater & environmental conservation principles is motivating countries to expand the installation of wastewater treatment plants due to the growing number of wastewater treatment plans. For instance:

  • In 2018 the World Bank launched the “Wastewater: From Waste to Resource” initiative in the Latin American region.

Owing to this, countries like Brazil, Peru, Uruguay, Guatemala, Costa Rica, etc., are starting to invest in efficient & effective management of water resource recovery facilities, which would accelerate the demand for water quality sensors across the globe during the forecast period.


Global Water Quality Sensor Market Research Report: Forecast (2023-2028)

Market Dynamics:

Key Driver: Rising Government Concerns On Water Pollution Monitoring Augmenting the Market Growth

The rising focus of governments across the globe on monitoring water pollution levels has fueled the demand for water quality. Water contamination is causing almost 80% of the diseases such as cholera, malaria, and diarrhea in developing nations, owing to which they are adopting new initiatives to monitor water quality levels. This has led to the significant use of these sensors in the industrial, agriculture, wastewater management, and residential sectors during the historical period.

Moreover, initiatives by the UN like Sustainable Development Goals (SDGs), which in its Goal 6 aims to improve water quality by reducing pollution, limiting the release of dangerous chemicals & materials, and cutting the percentage of untreated wastewater to half, are also supporting countries to increase their focus towards monitoring water quality levels. For instance:

  • In 2020, SDG 6 Global Acceleration Framework formed at the 34th UN-Water Meeting launched pilot projects for ensuring clean water & sanitation through country-level engagement in eight countries like Bahrain, Costa Rica, Guinea, India, Madagascar, Mexico, Nepal, and São Tomé & Príncipe.

Furthermore, the growing focus of countries on monitoring water pollution is leading them to examine industrialization-related water contamination, as with the increasing industrial units, the water quality in water bodies adjacent to them is degrading. Owing to this, many countries are now pushing industries like food & beverage, wood & Pulp, textile, etc., to monitor the quality of wastewater released by them.

As a result, the demand for water quality sensors from industries such as food & beverage, wood & pulp, textile, etc., is rising, and this would enhance the market growth during the forecast period.

 Possible Restraint: High Cost of Water Quality Sensors to Hamper the Market Growth

The requirement for water quality sensors is witnessing a surge due to their adoption by various end-user sectors, however, the high cost associated with it is hampering the market growth. Sectors like agriculture, aquaculture, fish farming, etc., require water quality sensors for monitoring the grade of the water in use, due to which they are one of the major target consumers for these sensors.

Besides, the high cost of these sensors is preventing this sector to adopt them. As establishments related to agriculture, aquaculture, and fish farming in countries like India, Bangladesh, Vietnam, Thailand, Cambodia, Laos, etc., operate with a dependency on marginal profit, due to which these sensors are an out-of-reach component for these sectors. Thus, the high cost is hampering the potential growth possibility of the market across the globe.

Growth Opportunity: Surging Pharmaceutical Industry to Open New Pastures

The COVID-19 pandemic has heightened the need for pharmaceutical manufacturing, owing to which the government of many countries is taking new initiatives to boost their pharmaceutical manufacturing capabilities, subsequently creating a new opportunity for the market. In pharmaceutical manufacturing, water is widely used in the creation, formulation, and packaging, due to which stringent testing & safety regulations are there to control the quality of water used throughout the production processes. Therefore, the manufacturing units require water quality sensors for continual quality checks.

Moreover, countries like the US are making significant investments to boost the manufacturing of Pharmaceuticals. Owing to this, in 2022, contract manufacturing organizations such as Agilent Technologies and Abzena have expanded their continuous manufacturing capabilities in the country. Similarly, in 2022 the UK government invested around USD247.43 million to boost healthcare research & drug manufacturing. Therefore, the surging focus of different countries on boosting pharma manufacturing would further supplement the need for these sensors, which would further create a new arena for market players.

Key Trends: Emerging Use of Smart (IoT-based) Water Quality Sensors in Agriculture

Water quality sensors have been used widely by farmers across the world for the past few decades, and presently smart sensors with IoT-enabled technology are tiding new waves in the Global Water Quality Sensor market. Presently, farmers are increasingly adopting this technology as it offers them real-time data collection, analysis, and even remote operability. Large aquaculture farm producers have started to adopt these sensors as it enhances production with lesser antibiotics.

The growth of water quality management services & aquaculture management services like Vannamei 101, AquaEasy, HydroNeo, Aqua-Spark, etc., have further endorsed the adoption of smart water quality sensors. These firms are providing technology & training opportunities to aquaculture farmers like shrimp producers to soar their productivity using IoT-enabled water quality sensors.

Moreover, the use of farm management software is also growing, which requires farmers to collect data and predict harvest volume by measuring water availability & quality. The surging technology literacy, infrastructure, smartphone proliferation, and internet accessibility are expected to carry forward the tide of adopting smart water quality sensors by farm owners in the coming years.

Market Segmentation

Based on Type:

  • Total Organic Carbon (TOC)
  • Residual Chlorine Sensor
  • Turbidity Sensor
  • Conductivity Sensor
  • pH Sensor
  • ORP (Oxidation-reduction potential) Sensor
  • Others (Chemical Oxygen Demand (COD) Sensor, Ion Probe Sensor, etc.)

The growing number of industrial production units, aquaculture, sewage treatment plants, and agricultural farmlands worldwide is propelling the need for pH Sensors for detecting the pH value in water & other solutions. In the case of food & beverage manufacturing units, if the pH level is not monitored, the food & beverage product may become inedible. Similarly, in the case of other industries, sewage treatment plants, and agricultural farmlands, improper water quality can impact soil fertility and have a variety of other detrimental effects. Therefore, monitoring pH is a critical factor in most industrial applications. Owing to this, the pH water quality sensors are registering significant growth in comparison to other types of water quality sensors.

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., suitable for different types of applications is further pushing the sales of pH sensors. Moreover, the demand for pH sensors is expected to surge during the forecast period as pharmaceutical manufacturing, food & beverage production, dairy & agriculture, water treatment applications, and others are increasing each year & these industries compulsorily need pH monitoring systems like pH sensors to maintain quality in processes & production.

Based on Application:

  • Industrial 
  • Agriculture
  • Drinking Water
  • Wastewater Management
  • Residential
  • Others (Aquaculture, Laboratories, etc.)

The significant growth in the number of Industrial Units across the globe has boosted the demand for water quality sensors as industries require these sensors to check the quality of water used during various processes & to examine the discharged wastewater. Industries, specifically food & beverage across the globe, have witnessed steady growth during the historical period due to high demand for packed food & non-alcoholic beverages. Furthermore, the rising demand for processed meat & seafood, coupled with the proliferation of food delivery platforms, would enhance the growth of the food & beverage industry, especially in the Asia-Pacific region. Thus, this would accelerate the demand for water quality sensors from the food & beverage industry during the forecast period.

Regional Landscape

Geographically, the Global Water Quality Sensor Market expands across:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

The Asia-Pacific region is emerging as the largest market for water quality sensors globally. The presence of pharma companies like Kalbe Farma, Hyphens Pharma, Takeda Pharmaceutical Company Limited, Livzon Pharmaceutical Group Inc., Shanghai Fosun Pharmaceutical, Sun Pharmaceutical Industries Ltd., etc., in the region, is propelling the demand for water quality sensors in the Asia-Pacific. The demand for water quality sensors from the pharmaceutical industry is further expected to increase during the forecast period as countries like Kazakhstan, India, China, Japan, etc., are expanding their pharmaceutical manufacturing facilities.

Furthermore, the growth of the food & beverage industries due to a spike in packed food products categories like meat, poultry, seafood, bakery & confectionary, dairy food, beverages (non-alcoholic), frozen fruit & veg, syrup, seasoning, oils, & general food, grain products, animal & pet food, etc., are fueling the demand for water quality sensors. Along with this, the rising industrialization & stringent government regulations on wastewater discharge are also contributing to the growth of the Water Quality Sensor Market in the region.

Recent Developments by Leading Companies

  • 2022: Xylem Inc., a water technology company, announced Limited Partner (LP) investments of around USD20 million in venture capital funds Burnt Island Ventures and the Westly Group’s Funds III and IV. It aims to bring water technology innovations to market at speed & scale.

Gain a Competitive Edge with Our Global Water Quality Sensor Market Report

  • Global Water Quality Sensor Market Report by Markntel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Water Quality Sensor Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations

Frequently Asked Questions

   A. The growth rate or CAGR of the Water Quality Sensor Market during 2023-28 would be 6.2%.

   A. The industrial segment is the leading application in the Water Sensor Market and is expected to lead during 2023-28 as well.

   A. The growth of laboratories across the globe is expected to drive the Water Sensor Market during 2023-28.

   A. 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 top players in the Water Quality Market.

   A. Asia-Pacific region is anticipated to dominate the Water Quality Sensor Market during 2023-28.

   A. The high cost of the water quality sensor is acting as a possible restraint affecting the growth of the Water Quality Sensor Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Water Quality Sensor Market Trends & Insights
  5. Global Water Quality Sensor Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Water Quality Sensor Market Hotspot & Opportunities
  7. Global Water Quality Sensor Market Policies & Regulations
  8. Global Water Quality Sensor Market Supply Chain Analysis
  9. Global Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Total Organic Carbon (TOC)
        2. Residual Chlorine Sensor
        3. Turbidity Sensor
        4. Conductivity Sensor
        5. pH Sensor
        6. ORP (Oxidation-reduction potential) Sensor
        7. Others (COD Sensor, Ion Probe Sensor, etc.)
      2.  By Application
        1. Industrial
        2. Agriculture
        3. Drinking Water
        4. Wastewater Management
        5. Residential
        6. Others (Aquaculture, Laboratories, etc.)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East and Africa
        5. Asia-Pacific
      4. By Company
        1. Competition Characteristics
        2. Revenue Shares
  10. North America Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    4. Canada Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    5. Mexico Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
  11. South America Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    4. Argentina Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
  12. Europe Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    4. Germany Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    5. France Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
        2. By Units Sold (USD Million)
      2. Market Share & Analysis
        1. By Application
    6. Italy Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    7. Spain Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
  13. The Middle East & Africa Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of Middle East & Africa
    3. The UAE Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    4. Saudi Arabia Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    5. South Africa Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
  14. Asia-Pacific Water Quality Sensor Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    4. India Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    5. Japan Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    6. South Korea Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
    7. Australia Water Quality Sensor Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
  15. Global Water Quality Sensor Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Xylem, Inc
      2. Horiba, Ltd
      3. ABB Ltd
      4. Oakton
      5. Thermo Fisher Scientific
      6. Yokogawa
      7. Eureka Water Probes
      8. In-Situ, Inc
      9. Campabell, Inc
      10. Hatch
      11. Fondriest Environment Inc
      12. Libelium
      13. Geotech Environment Equipments
      14. Optiqua
      15. Others
  17. Disclaimer


Water Quality Sensor Market - Segmentation Slide