Water Quality Monitoring Market: Top Applications
Water quality monitoring systems collect and analyze data to observe various parameters and ecological and health characteristics of water bodies. These systems are crucial across industries like pharmaceuticals, life sciences, and food & beverage, where water quality measurement is essential. With stringent regulations and widespread water pollution, there is a growing demand for better pollution monitoring, driving advancements in water quality monitoring technology. Inkwood Research predicts the global water quality monitoring market to propel with a 5.91% CAGR by 2032, generating a revenue of $9618.20 million during the forecasted years 2023-2032.
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Growing Need for Water Quality Monitoring
The United Nations reports that the world's population has surged from 2.5 billion in 1950 to around 8 billion in 2022, escalating the scarcity of clean water. As a result, industries, governments, and public health organizations are significantly investing in water quality monitoring systems to ensure sufficient clean water for various applications. According to the Centers for Disease Control and Prevention, waterborne pathogens annually cause 7,000 deaths, 120,000 hospitalizations, 7 million illnesses, and $3 billion in healthcare expenses in the United States alone. Additionally, increased recreational water usage, aging drinking water infrastructure, and changing environmental factors heighten concerns about waterborne illness prevention and the need for water quality optimization.
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Water Quality Monitoring: Prominent Applications
● Utilities
Utilities dominate the application segment in the global water quality monitoring market, generating over $2 billion in revenue in 2022. These companies provide water and wastewater services, offering critical water quality information to ensure the safety of rivers, groundwater, and lakes. Local governments often assign private businesses to check water quality, and this privatization trend has spiked demand for municipal water
and wastewater systems. Additionally, European water utilities and municipalities have adopted new water quality monitoring systems in line with the Water Framework Directive (2000/60/EC) and National Water Legislation to maintain water quality.
● Industrial
Industries must treat water before discharge according to pollution control board requirements, reducing contaminants in wastewater. Meticulously monitoring industrial water resources and other metrics is a civic duty. Untreated wastewater and sewage from industries and chemical plants can pollute water bodies, including drinking water, lakes, and rivers, harming human health and the environment. Therefore, water quality testing products are essential to ensure the quality of water resources.
Accordingly, chemicals, including methane, acetone, chlorine, ethanol, and ultrapure water, are employed in industrial operations and are eventually combined with wastewater.
● Commercial Commercial water, sourced from both surface and subsurface sources, includes applications in restaurants, hotels, office buildings, cleaning services, fire departments, parks, and golf courses. These sectors require adequate on-site wastewater treatment facilities for wastewater recycling. Rapid commercial sector expansion in European countries like the UK, France, and Germany presents opportunities for deploying water quality monitoring systems. Innovations, such as Horiba Ltd’s nanoparticle analyzer, and online water monitoring products using ZigBee and GPRS technology, are boosting market growth.
● Residential
The demand for clean water in residential areas has increased due to urbanization and limited clean water supplies. Monitoring water quality parameters like pH, dissolved oxygen, and turbidity is crucial. Small-to-medium-sized firms have developed new sensors, including water quality data recorders and durable water quality monitoring system sensors, to meet residential water quality monitoring needs. According to Inkwood Research, the residential sector is expected to lead the market during the forecast period with a 6.75% CAGR by 2032.
IoT-Based Technology – Future of Water Quality Monitoring
The Internet of Things (IoT) has revolutionized water quality monitoring systems by enabling automatic and real-time measurement of water quality parameters from remote locations. Devices like sensors and probes can transmit live data about water quality to a platform suite, enhancing the water quality testing process. These advancements are anticipated to transform various sectors, underscoring the importance of water quality awareness. Consequently, IoTbased technology is expected to significantly drive the global water quality monitoring market.
Frequently Asked Questions (FAQs)
1.Which is one of the most prominent growth drivers of the global water quality monitoring market?
A: Surging number of cases of water-borne diseases is one of the most prominent growth drivers of the global water quality monitoring market.
2 Which country is leading the global water quality monitoring market during the forecast period?
A: China is leading the global water quality monitoring market during the forecast period.