Water Quality Monitoring Equipment Market 2017 Industry Demand and Forecasts to 2021

The analysts forecast global water quality monitoring equipment market to grow at a CAGR of 6.03% during the period 2017-2021.

Commenting on the water quality monitoring equipment market report, an analyst from said: “Water scarcity is a growing problem, and is expected to increase further due to rapid population growth, industrialization and irrigation activities. These activities generate a significant portion of wastewater.”

The analysts forecast global water quality monitoring equipment market to grow at a CAGR of 6.03% during the period 2017-2021. Fresh water is less than 1% of the total water available on earth. This percentage is declining due to a number of reasons that are mostly manmade, including depletion of aquifers, rapid urbanization, increase in population, and the associated climate changes. While water is available in limited quantity, its demand has been increasing at an exponential rate owing to the rise in agricultural activities and rapid industrialization. In the past 20 years, the consumption of water has doubled. It is estimated that, if water consumption and wastage continues at the current rate, the world population living in areas that do not have adequate water supply will gradually increase. The remedy to counter such a situation is conservation, management, and recycling of water.

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According to the report, there is a growing global demand for clean water due to rapid urbanization and industrialization. As the rate of urbanization increases, there is a growing demand for water, which, in turn, drives the amount of wastewater produced. Below is the example of China, which is the largest populated country in the world. In the country, wastewater that is being discharged has been rising continuously in conjunctions with the rate of urbanization.

The report covers the present scenario and the growth prospects of the global water quality monitoring equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of water quality monitoring equipment.

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The report, Global Water Quality Monitoring Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Market driver
Increased demand for wastewater treatment
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Market challenge
Lack of water infrastructure in developing countries
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Market trend
Adoption of smart water network
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