Australia Water Quality Monitoring Systems Market Size & Outlook
Australia water quality monitoring systems market, 2017-2030 (US$M)
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Australia water quality monitoring systems market highlights
- The Australia water quality monitoring systems market generated a revenue of USD 127.0 million in 2023 and is expected to reach USD 265.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, sensors was the largest revenue generating type in 2023.
- Data Acquisition Systems is the most lucrative type segment registering the fastest growth during the forecast period.
Water quality monitoring systems market data book summary
| Market revenue in 2023 | USD 127.0 million |
| Market revenue in 2030 | USD 265.6 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Data Acquisition Systems |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Data Acquisition Systems, Data Analysis and Visualization Tools |
Other key industry trends
- In terms of revenue, Australia accounted for 2.4% of the global water quality monitoring systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China water quality monitoring systems market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 265.6 million by 2030.
Sensors was the largest segment with a revenue share of 78.74% in 2023. Horizon Databook has segmented the Australia water quality monitoring systems market based on sensors, data acquisition systems, data analysis and visualization tools covering the revenue growth of each sub-segment from 2017 to 2030.
The Australian water quality monitoring systems market is growing rapidly due to heightened awareness of water conservation and environmental sustainability. Australia's unique climate challenges, including droughts and irregular rainfall, drive the need for advanced monitoring solutions.
As industries and urban areas expand, the demand for reliable water quality monitoring systems continues to rise, ensuring the sustainable use and protection of Australia's precious water resources. In December 2023, Australia's national science agency successfully tested a groundbreaking water quality monitoring and forecasting system in the country's "seafood basket."
The AquaWatch Australia Mission, part of the Commonwealth Scientific and Industrial Research Organization (CSIRO), unveiled this innovative technology, which functions like a weather service for water quality by integrating data from water sensors and satellites. The initial testing was completed in South Australia's Spencer Gulf.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
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Australia water quality monitoring systems market size, by type, 2017-2030 (US$M)
Australia Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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