September 03, 2019 10:33 ET | Source: Reports and Data Reports and Data

New York, New York, UNITED STATES

New York, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Increasing prevalence of waterborne diseases, the surge in government obligations, and the rise in water pollution levels due to industrialization globally have led to the growth of the Water Quality Monitoring Equipment market. However, high cost of the equipment coupled with inadequate skilled manpower to handle the equipment will hamper the growth of the market over the forecasted period.

According to the current analysis of Reports and Data, the global Water Quality Monitoring Equipment market was USD 3.2 Billion in 2018 and is projected to register a CAGR of 6.1% from 2019 to 2026. The major driving factors that drive the global Water Quality Monitoring Equipment market are the increase in water pollution levels due to industrialization globally, increase in prevalence of waterborne diseases and the surge in government obligations regarding water quality.  The major restraining factor that restricts the growth of the Water Quality Monitoring equipment market is the high cost of the equipment.

The market is segmented based on Equipment type, Parameter tested and Application. By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America and Europe were the largest revenue generating markets for the review period. Asia-Pacific region is projected to grow at the fastest rate during the forecast period.

The water conditions of the municipal corporations, industry, utility, and product sectors far exceed current supply. However, water exists in abundance; it's unreliable, and declining quality is a significant issue. Harnessing water suitable for the needs of different industries such as petrochemicals, oil and gas, mining, steel industry, power generation, municipal supply, and chemical and consumer goods requires an infrastructure that promises a steady supply, efficient equipment, and the reuse of resources. Water purity is critical for a number of industries such as pharmaceutical, semiconductor manufacturing, power generation, and food & beverage, among others.

Rapid industrialization and urbanization have driven the increasing demand for water treatment. Increasing population and application of pure water for daily consumption, which is an essential factor for public health have raised the need for better agricultural productivity where the significant utilization of water is observed. The increasing demand for water has put pressure on the regulatory bodies and government of different countries to formulate regulations related to water quality monitoring. Devices and methodologies used in water quality monitoring can range from simple and inexpensive devices to capital-intensive and sophisticated equipment. Field measurements reduce the time between sampling and measuring, thereby allowing for real- or near-real-time analyses. Simple field measured variables include thermometers and thermistors, DO meters or optodes, portable pH and conductivity meters, and optical turbidity meters, among others. Factors such as streamflow, dissolved oxygen, and biochemical oxygen demand, temperature, pH, and turbidity are the foundation of almost any water quality monitoring program. With universal applications ranging from consumption to industrial processes, the worldwide total water quality monitoring equipment market is expected to grow significantly during the forecast period.    

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Further key findings from the report suggest

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Segments covered in the report:

For the purpose of this report, Reports and Data has segmented the the Global Water Quality Monitoring Equipment market on the basis of equipment type, parameter tested, application, and region.                     

Equipment Type (Revenue, USD Million; 2016–2026)

Parameter Tested (Revenue, USD Million; 2016–2026)

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