In a recent published report, Kenneth Research has updated the market report for Water Quality Monitoring Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Water Quality Monitoring Market products.
The Water Quality Monitoring Market is majorly affected by the recently hit global pandemic, COVID-19, which has devastated several businesses worldwide. Although, the ICT industry has observed a significant rise in the utilization of cloud applications, yet several manufacturing organizations in the ICT industry are facing significant issues, especially in places where the ICT infrastructure is not that satisfactory.
According to Verified Market Research, The Global Water Quality Monitoring Market was valued at USD 3.67 Billion in 2017 and is projected to reach USD 6.41 Billion by 2025, growing at a CAGR of 7.2% from 2018 to 2025.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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What is Water Quality Monitoring?
Water quality monitoring system is defined as a complete integrated system that consists of hardware units and programs for monitoring multiple water quality parameters. It is considered as a reliable analytical system for water quality optimization. Routinely done water testing plays an important role in keeping water bodies safe from hazardous pollutants. Water quality monitoring is useful in monitoring temperature, nitrates, phosphates, macro invertebrates, pH, oxygen and other parameters. Rising awareness of water quality measurement owing to rising level of water pollution fuels the water quality monitoring market.
Global Water Quality Monitoring Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Development of policies and initiatives in order to reduce environmental pollution levels, rise in government funding for pollution monitoring & control and increasing global levels of water pollution have been driving the global water quality monitoring market. On the other hand, factors such as high environmental monitoring solutions costs, technical limitations related with water monitoring products and limited market penetration for water testing & analysis instruments in non-industrial applications might hinder the overall growth at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Water Quality Monitoring Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Water Quality Monitoring Market Competitive Landscape
The “Global Water Quality Monitoring Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Danaher Corporation, Evoqua Water Technologies, General Electric Company, Horiba, Ltd., OAKTON Instruments, Pentair, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Uponor, and Xylem Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Water Quality Monitoring Market Segmentation, by Component
• pH sensors
• Temperature sensors
• Turbidity sensors
• DO sensors
Global Water Quality Monitoring Market Segmentation, by Application
Global Water Quality Monitoring Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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