LAMEA Water Quality Monitoring Systems Market Size, Share & Industry Trends Analysis Report By Component (pH Sensors, DO Sensors, Turbidity Sensors, Temperature Sensors), By Application (Utility, Industrial, Commercial, and Residential), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Water Quality Monitoring Systems Market would witness market growth of 11.4% CAGR during the forecast period (2022-2028).
Water quality monitoring has become more and more important over time as a result of the increased discharge of toxic industrial waste and chemicals into water bodies. Freshwater scarcity in developing economies has prompted the government and numerous organizations to make significant annual investments in water management systems. Due to the growing levels of water contamination and the rising prevalence of waterborne diseases, water quality monitoring equipment is being used more and more frequently.
The technological developments connected to water testing and analysis instruments are expected to accelerate the industry's growth. The adoption of smart water networks is growing as a result of climate volatility and advantageous regulatory initiatives. In addition, over the forecast period, IoT-enabled devices are expected to be increasingly used for data collection and tracking in order to enable remote water testing and analysis. The industry is adopting the autonomous water quality monitoring system more frequently because it gives information about the current state of changing water conditions and pinpoints the sources of pollution.
Since there is less clean water available in the several nations of Latin America, water pollution has increased due to high domestic and toxic waste generation from commercial and agricultural use, necessitating the installation of a water quality monitoring system. The Middle East & Africa have concentrated on cutting-edge technology to improve domestic and commercial water resources. Due to the degradation of the natural water cycle brought on by urbanization and deforestation, as well as the region's extreme water scarcity, the African market has seen a rise in the demand for water quality monitoring systems.
The Brazil market dominated the LAMEA 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 $134.4 Million by 2028. The Argentina market is experiencing a CAGR of 12% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
- pH Sensors
- DO Sensors
- Turbidity Sensors
- Temperature Sensors
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- Horiba Ltd.
- Danaher Corporation
- Evoqua Water Technologies Corporation
- Xylem, Inc.
- Shimadzu Corporation
- Pentair PLC
- Thermo Fisher Scientific, Inc.
- Uponor Corporation
- Teledyne Technologies, Inc.
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