North America Water Quality Monitoring Market Size, Share, and COVID-19 Impact Analysis, By Type (pH Testing, Conductivity Sensors, TOC Analyzer, Dissolver-Oxygen Analyzer, Hydrogen Sulfide Analyzer, Others), By Equipment (Laboratory, Online, Portable, Handheld, Bench-top), By End User (Residential & Commercial, Lab Testing, Ground Water, Surface water, Utility, Industrial), By Region (US, Canada, Mexico), and North America Water Quality Monitoring Market Insights Forecasts 2023 – 2033
Industry: Energy & Power
North America Water Quality Monitoring Market Insights Forecasts to 2033
- The North America Water Quality Monitoring Market Size was valued at USD 1,708.7 Million in 2023.
- The Market Size is Growing at a CAGR of 6.67% from 2023 to 2033.
- The North America Water Quality Monitoring Market Size Expected to Reach USD 3,259.7 Million by 2033.
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The North America Water Quality Monitoring Market size is expected to reach USD 3,259.7 Million by 2033, at a CAGR of 6.67% during the forecast period 2023 to 2033.
Market Overview
Water quality monitoring is an essential tool for managing freshwater resources. With the increasing scope of exploring activities, there is a greater need to monitor water quality because various activities can have a variety of physical and chemical effects on the water that can be harmful to both aquatic life and humans. Monitoring water quality can be a time-consuming process. Human activities have a wide range of effects on water quality, disrupting the ecosystem and/or restricting water use. Water pollution caused by human feces, for example, has only one source, but the causes, effects on water quality, and necessary remedial or preventive measures are diverse. With rising environmental concerns and government policies, in addition to technological advancements, the wastewater treatment industries are experiencing an increase in demand for water quality monitoring equipment and devices to meet clean water requirements. Furthermore, rapid global industrialization has resulted in a diverse range of applications for the TOC analyzer, boosting the North American water quality monitoring market.
Report Coverage
This research report categorizes the market for North America water quality monitoring market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America water quality monitoring market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America water quality monitoring market.
North America Water Quality Monitoring Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1,708.7 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.67% |
2033 Value Projection: | USD 3,259.7 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Type, By Equipment, By End User, By Region |
Companies covered:: | Danaher Corporation, Thermo Fisher Scientific Inc., Xylem Inc., Agilent Technologies, Inc., Shimadzu Corporation, Horiba, Ltd., Teledyne Technologies Incorporated, Endress+Hauser Group, ABB Ltd., Hach Company, other key companies. |
Pitfalls & Challenges: | Covid-19 Empact,Challenges,Growth, Analysis. |
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Driving Factors
Government bodies and environmental agencies set stringent regulations and standards for water quality and pollution control, driving the demand for effective monitoring solutions. Furthermore, the increase in industrial activities, improper waste disposal practices, and agricultural runoff have resulted in water pollution, necessitating continuous monitoring to identify sources and take corrective actions. The need to ensure safe drinking water and reduce the risks associated with waterborne diseases is a significant driver for water quality monitoring in North America. The conservation of aquatic ecosystems, such as rivers, lakes, and coastal areas, is a critical driver for monitoring water quality and identifying potential threats to biodiversity.
Restraining Factors
Installation and maintenance of advanced monitoring systems can be expensive, particularly for smaller municipalities and organizations, impeding market growth. Additionally, many communities and industries have a limited understanding of the importance of water quality monitoring and its potential impact, resulting in a slower adoption rate.
Market Segment
- In 2023, the TOC analyzer segment accounted for the largest revenue share over the forecast period.
Based on type, the North America water quality monitoring market is segmented into pH testing, conductivity sensors, TOC analyzers, dissolver-oxygen analyzers, hydrogen sulfide analyzers, and others. Among these, the TOC analyzer segment has the largest revenue share over the forecast period. The TOC analyzer segment is expected to grow at a rapid pace over the forecast period. Total Organic Carbon (TOC) analysis was developed in response to increased demand for organic matter analysis in wastewater and municipal water. Monitoring TOC is a much faster way to determine the organic matter content of water and wastewater. A TOC analyzer is widely used in the semiconductor and pharmaceutical industries to monitor process water quality, and it also has an important role in wastewater treatment. These factors are expected to drive revenue growth in this segment over the forecast period.
- In 2023, the online segment is witnessing significant growth over the forecast period.
Based on equipment, the North America water quality monitoring market is segmented into laboratory, online, portable, handheld, and bench-top. Among these, the online segment is witnessing significant growth over the forecast period. Key factors driving revenue growth in this segment are the advantages of online analyzers over traditional water monitoring analyzers, such as real-time analysis and technologically advanced sensors capable of meeting large-scale process requirements.
- In 2023, the industrial segment accounted for the largest revenue share over the forecast period.
Based on end users, the North America water quality monitoring market is segmented residential & commercial, lab testing, groundwater, surface water, utility, and industrial. Among these, the industrial segment has the largest revenue share over the forecast period. Various industries, including oil and gas and chemicals, require proper wastewater management, and different types of analyzers are used to monitor wastewater treatment. Furthermore, industrial wastewater must be pretreated before being discharged into public sewage treatment facilities. With the increasing scarcity of freshwater, both the public and private sectors are investing heavily in water management systems, which is driving up demand for water quality monitoring devices.
- The United States is projected to have the largest share of the North America water quality monitoring market over the forecast period.
Based on region, the United States is projected to have the largest share of the North America water quality monitoring market over the forecast period. Officials from several states and cities are working to ensure that the water supplied throughout the country is safe to drink. This, combined with technological advances in water quality testing equipment and systems, has influenced their use. As a consequence, the studied market is expected to expand in the coming years. Furthermore, the presence of major market players contributes to the growth. The United States government also established regulations and minimum standards to protect water sources from contamination, such as the Clean Water Act (CWA) and the Safe Drinking Water Act (SDWA). This has increased the demand for water quality monitoring systems in the United States.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America water quality monitoring market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Danaher Corporation
- Thermo Fisher Scientific Inc.
- Xylem Inc.
- Agilent Technologies, Inc.
- Shimadzu Corporation
- Horiba, Ltd.
- Teledyne Technologies Incorporated
- Endress+Hauser Group
- ABB Ltd.
- Hach Company
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the North America water quality monitoring market based on the below-mentioned segments:
North America Water Quality Monitoring Market, By Type
- pH Testing
- Conductivity Sensors
- TOC Analyzer
- Dissolver-Oxygen Analyzer
- Hydrogen Sulfide Analyzer
- Others
North America Water Quality Monitoring Market, By Equipment
- Laboratory
- Online
- Portable
- Handheld
- Bench-top
North America Water Quality Monitoring Market, By End User
- Residential & Commercial
- Lab Testing
- Ground Water
- Surface water
- Utility
- Industrial
North America Water Quality Monitoring Market, By Region
- US
- Canada
- Mexico
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