Europe Water Quality Monitoring Systems Market Size & Outlook
Europe water quality monitoring systems market, 2017-2030 (US$M)
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Europe water quality monitoring systems market highlights
- The Europe water quality monitoring systems market generated a revenue of USD 1,410.4 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, sensors was the largest revenue generating type in 2023.
- Data Analysis and Visualization Tools is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,410.4 million |
| Market revenue in 2030 | USD 2,147.0 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Data Analysis and Visualization Tools |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 26.3% of the global water quality monitoring systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,124.7 million by 2030.
Sensors was the largest segment with a revenue share of 82.2% in 2023. Horizon Databook has segmented the Europe 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.
Europe's high per capita income, substantial government funding for environmental services, and investments in water quality monitoring research are driving market growth. Many European governments have enacted laws ensuring water bodies meet standards for public consumption.
Moreover, the increasing public awareness about water pollution, boosted by awareness campaigns, is contributing to the region's market expansion. For instance, a new four-year European research project, IBAIA, aims to develop in situ sensors for real-time water quality monitoring.
The project, supported by USD 5.1 million from the EU's Horizon Europe Framework Programme, focuses on creating four sensor modules using photonics and electrochemical technologies. These sensors will detect salinity, microplastics, nutrient salts, organic chemicals, and heavy metals. The initiative aligns with the European Green Deal objectives and involves countries such as Belgium, Finland, France, Germany, and the U.K.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
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Europe water quality monitoring systems market size, by country, 2017-2030 (US$M)
Europe Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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