Albany, NY -- (SBWIRE) -- 11/29/2016 -- The primary appeal of the water quality sensor is that it converts polluted water into fresh water with high efficiency and accuracy and low operational cost. Thus, the increasing water pollution worldwide and the rising concerns regarding clean water consumption are among the key drivers of the global water quality sensor market. A new market intelligence report by Transparency Market Research (TMR), titled "Water Quality Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024," offers in-depth analysis of the market by providing a comprehensive study of its dynamics, geographical segmentation, and competitive landscape.
In the past few years, the global water quality sensor market has witnessed significant growth owing to the increasing adoption of water quality sensors in the aqua and food and beverages sector. Other factors such as rapid urbanization and growing global population are fuelling the growth of the market. On the flip side, the high production cost and high maintenance requirements and low battery life are restraining the large-scale implementation of these sensors. However, with the advancements in nanotechnology, the global market is likely to experience a significant upswing in growth in the near future. Nanotechnologies offer better sensitivity and accuracy than conventional platforms by detecting multiple variables and restoring water properties within a short time period.
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On the basis of type, the global water quality sensor market is segmented into multiparameter sondes, temperature and depth loggers, single parameter sensors, colorimeters, online/process monitors, automatic water samplers, conductivity meters, and handheld meters. Based on application, the market is segmented into agricultural sector, household sector, aquaculture, and others. The aquaculture segment is expected to flourish owing to the increasing use of water quality sensors to detect the pollution level and various types of chemicals in rivers and sea. The agriculture sector is estimated to experience robust growth during the forecast period owing to increasing demand for healthy and high-quality crops, which is promoting the use of these sensors to maintain the fresh quality of water.
Geographically, the market is categorized into Europe, Asia Pacific, North America, and Rest of the World (RoW). Due to the increasing awareness regarding water quality sensors and presence of favorable government regulations, North America is expected to be the leading revenue contributor throughout the forecast period. In North America, the U.S. and Canada are estimated to be the leading markets for water quality sensors by value.
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The report profiles the key players in the global water quality sensor market along with their cost and revenue structures, business strategies, latest developments, and contact information. Some of the key players in the market are Atlas Scientific, Hach Instruments, Horbia, Hannah Instruments, Libelium, Oakton, Thermo Fisher Scientific, and YSI.