Water quality sensors: Key market research findings
- The Americas dominate the market geographically
- Ground/surface water accounts for a majority of the market’s revenue
- Key vendors – Eutech, Environmental Measurements, Libelium, Optiqua Technologies, Oakton, Thermo Fisher Scientific, and YSI
The market research analysts at Technavio predict the global water quality sensors market to grow at a CAGR of around 13% between 2016 and 2020, in terms of unit shipments. The need to monitor water quality on a real-time basis is augmenting the demand for water quality sensors globally. With the introduction of MEMS technology in water sensors, vendors are able to provide real-time quality monitoring of water supplies. Vendors such as Optiqua have developed lab-on-a chip sensors and data transmission modules that provide real-time monitoring alerts of the quality of the water supplies in countries such as Singapore and the Netherlands in association with their national water agencies. The Americas accounted for around 40% of the overall market share to become the dominant shareholder in the global water quality sensors market during 2015. Fueled by a number of environmental monitoring programs such as ground water/surface water monitoring, the water quality sensors market in the Americas is expected to exhibit steady growth during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the water quality sensor segments based on the applications.
“The use of nanotechnology in water quality sensors is becoming increasingly popular in the market. Nanoparticles have an edge over conventional materials in terms of electrical, structural, magnetic, and optical properties which enable them to detect single cells and even particles at an atomic level. This makes it possible for nanoparticle-based sensing platforms to offer better sensitivity at a shorter time compared to existing platforms. Besides, nanotechnology allows miniaturization of sensors and multivariable detection,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Currently, the global market for water quality sensors is dominated by the ground/surface water segment by accounting for more than 26% of the overall market revenue. Ground water and surface water are the result of continuous processes, dynamic weather, and atmospheric conditions like diurnal cycles and seasons. As a result, the key parameters of ground water and surface water keep changing, making it imperative to check the reliability of water supplies. With continuous improvement of technology, water quality meters are now calibrated to record multiple readings simultaneously for different parameters using the water quality sensors.
The key vendors in the global water quality sensors market include Eutech, Environmental Measurements, Libelium, Optiqua Technologies, Oakton, Thermo Fisher Scientific, and YSI. The global market is characterized by vendors competing based on product offerings such as size, design, technology, and connectivity. From lab equipment to handheld devices, and now modular designs (wherein a particular sensor module can be inserted or removed from the meter to check a specific parameter) are available in the market. Apart from electrochemical sensors, optical sensors also gaining traction in the market.
A more detailed analysis is available in the Technavio report, Global Water Quality Sensors Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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