Latin America Water Quality Monitoring Systems Market Size & Outlook
Latin America water quality monitoring systems market, 2017-2030 (US$M)
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Latin America water quality monitoring systems market highlights
- The Latin America water quality monitoring systems market generated a revenue of USD 496.1 million in 2023.
- The market is expected to grow at a CAGR of 8.6% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 496.1 million |
| Market revenue in 2030 | USD 882.0 million |
| Growth rate | 8.6% (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, Latin America region accounted for 9.3% 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 84.12% in 2023. Horizon Databook has segmented the Latin America 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.
Latin America is witnessing significant advancements in water quality monitoring systems, driven by regulatory initiatives, urbanization, and industrial activities. Countries such as Brazil, Mexico, and Chile are enforcing stricter water quality regulations and aligning with international standards, which has necessitated advanced monitoring systems.
Rapid urbanization in major cities and substantial investments in infrastructure are also contributing to the demand for advanced water quality monitoring to effectively manage urban runoff and pollution. In addition, the industrial sector, particularly mining in Peru and Chile, and extensive agricultural practices across the region are leading to increased efforts to control water pollution and ensure safe water use.
Climate change and water scarcity are further driving the need for water quality monitoring systems in Latin America. Regions facing drought and water scarcity, such as parts of Mexico and Brazil, benefit from these systems to manage limited water resources efficiently.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
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Latin America water quality monitoring systems market size, by country, 2017-2030 (US$M)
Latin America Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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