Water Quality Monitoring Market: IoT & Tech Prospects

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Water Quality Monitoring Market IoT Tech
Prospects
By Shreya Jadhav With the rising population,
climate crisis, and increasing pollution levels,
ensuring the availability of safe water has
become a major concern. Routine assessment of
water quality is thus crucial, and water quality
monitoring (WQM) systems have been immensely
beneficial in this regard. As a result, their
adoption has significantly increased in recent
years, driving the growth of the global water
quality monitoring market.
Experts at Triton Market Research estimate this
market to grow with a CAGR of 5.51 in the
forecast years between 2023 and 2030, reaching a
revenue of 8275.72 million by 2030. Earlier,
monitoring was conducted using manual, costly,
and time-consuming laboratory-based testing
techniques. However, the development of fully
integrated and reliable WQM systems has largely
optimized this process as they provide real-time
data and insights. This has widened the markets
growth prospects worldwide. How are Developed and
Developing Markets Leveraging WQM
Systems? Several governments in Europe have
implemented stringent regulations to safeguard
water bodies in the region. The increased
emphasis on promoting sustainable water usage,
preventing reducing
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pollution, and protecting improving the aquatic
ecosystem has largely enhanced the adoption of
water quality monitoring devices and systems
across the European market. Major players from
the chemical, textile, beauty cosmetics, and
automotive industries are shifting their
manufacturing and industrial facilities from
developed nations to developing ones. With this,
the carbon emission levels and industrial waste
generation have also risen. Moreover, the
regulations pertaining to wastewater disposal in
these countries are not as stringent as those in
developed economies. The serious health issues
caused by consuming contaminated water have
necessitated the adoption of WQM systems. Thus,
the studied market shows immense scope for
expansion in the Asian, African, and Latin
American regions. In fact, the Latin America
water quality monitoring market is anticipated to
progress with the fastest CAGR of 7.42 during
the forecasted period. pH Sensors Their
Utility, Demand, and Prospects One of the causes
of waterborne diseases is the consumption of
water that is highly acidic or alkaline in
nature, as it can disrupt the bodys balance.
Thus, measuring its pH levels is important. While
this was traditionally done using pH indicators,
sensor technology advancements have enabled more
accurate assessment with the development of pH
sensors. pH sensors dominates the component
segment. It held the highest revenue share of
1705.72 million in 2022, and is likely to grow
with the fastest CAGR of 5.83 during
2023-2030. Using its patented technology, Emerson
Electric Co has developed the Rosemount 550
single-use pH sensor it has a two-year shelf
life, and is incorporated with immediate sensor
verification and calibration features, which
eliminates the need for initial stabilization.
Besides, Xylem Inc and Thermo Fisher Scientific
Inc are also renowned for their cutting-edge pH
sensors and analyzers. Product launches by market
players, government regulations on
water-intensive industries, and the damaging
effects of acidic or basic water on pipelines
other equipment have surged the demand for these
sensors. The above-mentioned factors, along with
the high applicability of the sensors across
various industries, contribute to the growth of
the global pH sensors analyzers market. IoT
Integration Facilitating the Shift towards
Smart Water Quality Monitoring Even though the
currently used wireless sensor network-based
water monitoring systems have undergone
technological advancements over the years, they
come with their share of problems. However, the
integration of the Internet of Things (IoT) in
them has facilitated smart water quality
monitoring, by ensuring greater efficiency,
security, and cost-effectiveness, along with
providing real- time data. IoT allows smart
devices to conveniently store and exchange data,
and thus, this technology has found its
applications in environmental monitoring. One of
its benefits is that IoT-enabled WQM systems help
treat wastewater before it is released into
freshwater bodies. Every year, millions of
gallons of water are wasted due to leaks, meter
errors, and other operational inefficiencies.
IoT-based water flow sensors are useful for
spotting leakages and other malfunctions
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immediately by analyzing the flow through pipes.
This helps curb the problem before it results in
high bills for commercial and residential
end-users. Realizing this growth opportunity,
Scotland-based M2M Cloud is working towards
enhancing its existing Neptune water monitoring
devices capabilities by incorporating IoT, as
part of a 156,247 project, in association with
CENSIS. This is indicative of the fact that tech
integration and innovation are key for players to
sustain and thrive in the water quality
monitoring market. FAQs Q 1) What factor
restricts the global markets growth? The high
cost of WQM systems majorly hinders their
adoption, thus restricting the market growth. Q
2) Which are the various applications studied in
the market report? Industrial, Commercial,
Utilities, Residential, and Other Applications
are studied in the market report. Q 3) Which
region leads the global WQM market? With the
highest revenue of 2220.46 million in 2022,
North America leads the global market.