Dissolved oxygen meter: Key market research findings
- Shift towards light and portable dissolved oxygen meters
- Rapid growth in animal-borne dissolved oxygen meters
Technavio has released its new market research report, global dissolved oxygen meter market, which is expected to grow at a CAGR of 6% between 2016 and 2020. The primary growth driver for this market is the recent increase in the importance on environmental monitoring. With the growth of primary end-user industries such as environmental sciences and aquaculture, the demand for dissolved oxygen meters is expected to rise over the forecast period. The Americas is the largest revenue contributor region in the global market for dissolved oxygen meter, accounting for 36% of the total market share. However, APAC is expected to be the fastest growing region in this market during the forecast period, growing at a CAGR of 9%. The high prevalence of water treatment plants and pharmaceutical industries are the key reasons for the increase in demand for dissolved oxygen meters in this region.
“Of late, the vendors are manufacturing light, small and portable dissolved oxygen meters. Advancements in nanotechnology has paved way for the miniaturization of integrated circuits and sensors. This has led to increasing demand for reduced size of dissolved oxygen meters. Also, the wireless data transfer technologies allow remote monitoring of water samples, making it a cost-effective process for industrial users,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Recently, the researchers have been experimenting with prototypes of animal-borne dissolved oxygen meters. This includes deploying animals such as elephant seals with dissolved oxygen sensors that allow real-time remote tracking of dissolved oxygen concentration of these water bodies with great accuracy. These experiments, though not experimented on large scale yet, have shown promising results.
The leading vendors in the global dissolved oxygen meter market include Extech Instruments, Oakton, Thermo Fisher and YSI. This market is highly fragmented with the presence of several international and regional players. The majority of the vendors in the global dissolved oxygen meter market are North American companies that have a global presence and a strong distribution network. The market holds huge growth potential and immense investment opportunities for the vendors.
A more detailed analysis is available in the Technavio report, Global Dissolved Oxygen Meter Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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