The Asia Pacific Water Quality Monitoring Systems Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
The fact that nearly every nation in the world has established policies and made public their standards and guidelines for ensuring water quality ultimately encourages the development of water quality monitoring systems. The demand for water quality monitoring systems is rising as a result of these factors. The market for water quality monitoring systems is highly fragmented, with many companies competing for consumers' attention and influential positions.
There are a variety of domestic and foreign players in the market for water quality monitoring systems. Local competitors contribute a sizeable growth share. International players also make a small but significant contribution. Mergers, joint ventures, acquisitions, partnerships, and collaborations are some of the strategies used by the players to firmly establish their position in the water quality monitoring systems market.
In this region, there are more than 2.1 billion urban residents, with the majority of them expected to live in cities by the year 2050. These projections highlight the need for water management and highlight the region's significant market growth potential. In addition, Asian countries like Thailand, Malaysia, and Vietnam are actively promoting the development of water systems, which is helping the regional market expand. Furthermore, the boom in smart city projects in the area would create new growth opportunities for local market vendors.
The China market dominated the Asia Pacific Water Quality Monitoring Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $613 Million by 2028. The Japan market is estimated to grow a CAGR of 8.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.8% during (2022 - 2028).
Based on Component, the market is segmented into pH Sensors, DO Sensors, Turbidity Sensors, Temperature Sensors, and Others. Based on Application, the market is segmented into Utility, Industrial, Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Water Quality Monitoring Systems Market is Projected to reach USD 7.5 Billion by 2028, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Horiba Ltd., Danaher Corporation, Evoqua Water Technologies Corporation, Xylem, Inc., Shimadzu Corporation, Pentair PLC, Thermo Fisher Scientific, Inc., Uponor Corporation, and Teledyne Technologies, Inc.
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