Mexico Water Quality Monitoring Systems Market Size & Outlook
Mexico water quality monitoring systems market, 2017-2030 (US$M)
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Mexico water quality monitoring systems market highlights
- The Mexico water quality monitoring systems market generated a revenue of USD 161.3 million in 2023 and is expected to reach USD 298.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.2% 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.
Water quality monitoring systems market data book summary
| Market revenue in 2023 | USD 161.3 million |
| Market revenue in 2030 | USD 298.5 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Data Analysis and Visualization Tools |
| 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, Mexico accounted for 3.0% 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 Latin America, Brazil water quality monitoring systems market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 298.5 million by 2030.
Sensors was the largest segment with a revenue share of 83.94% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico's rapid urbanization, majorly by cities such as Mexico City and Guadalajara, necessitates vital water quality monitoring systems to address the increasing demand for clean water and manage urban runoff.
Moreover, government investments in water infrastructure projects, such as sewage treatment plants, emphasize the importance of integrating advanced monitoring systems to ensure the safety and efficiency of these facilities.
The implementation of the National Water Law and the management provided by the National Water Commission (CONAGUA) emphasize Mexico's commitment to water quality management. Moreover, monitoring systems play a vital role in mitigating the environmental impacts of mining and hydrocarbon extraction activities.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico water quality monitoring systems market size, by type, 2017-2030 (US$M)
Mexico Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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