North America Water Quality Monitoring Systems Market Size & Outlook
North America water quality monitoring systems market, 2017-2030 (US$M)
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North America water quality monitoring systems market highlights
- The North America water quality monitoring systems market generated a revenue of USD 1,947.5 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,947.5 million |
| Market revenue in 2030 | USD 2,917.0 million |
| Growth rate | 5.9% (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, North America region accounted for 36.4% 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 80.42% in 2023. Horizon Databook has segmented the North 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.
The North America water quality monitoring systems market is experiencing significant growth, driven by stringent regulatory frameworks and the increasing awareness of the importance of water conservation and public health.
Government bodies and environmental agencies have implemented rigorous standards for water quality and pollution control, necessitating advanced monitoring solutions. The rise in industrial activities, combined with improper waste disposal practices and agricultural runoff, has increased water pollution, further highlighting the need for continuous and effective monitoring.
The demand for safe drinking water and the imperative to mitigate risks associated with waterborne diseases are the key factors propelling the market growth. Moreover, the growing emphasis on conserving aquatic ecosystems, such as rivers, lakes, and coastal areas, is driving the need for sophisticated water quality monitoring systems to detect and address potential threats to biodiversity.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
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North America water quality monitoring systems market size, by country, 2017-2030 (US$M)
North America Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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