South Korea Water Quality Monitoring Systems Market Size & Outlook
South Korea water quality monitoring systems market, 2017-2030 (US$M)
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South Korea water quality monitoring systems market highlights
- The South Korea water quality monitoring systems market generated a revenue of USD 166.8 million in 2023 and is expected to reach USD 323.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.9% 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 166.8 million |
| Market revenue in 2030 | USD 323.4 million |
| Growth rate | 9.9% (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, South Korea accounted for 3.1% 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 77.76% in 2023. Horizon Databook has segmented the South Korea 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 South Korean government’s commitment to protecting water resources has led to significant investments in advanced monitoring technologies. South Korean agriculture is predominantly focused on rice paddy farming, which consumes a substantial amount of water.
However, the country’s climate and topography are not naturally conducive to securing water resources. With 61 percent of the annual rainfall occurring during the summer and 70 percent of the country characterized by mountainous terrain with steep slopes, water management is challenging. To address this, over 17,000 reservoirs have been constructed nationwide.
These reservoirs provide flood and drought protection, serve as recreational spaces, and help maintain river flow. The Korea Rural Community Corporation (KRC) has installed an extensive network of Water Quality Monitoring Systems (WQMS) in these reservoirs for real-time monitoring of the inflow of pollutants and algae blooms.
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Water Quality Monitoring Systems Market Scope
Water Quality Monitoring Systems Market Companies
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South Korea water quality monitoring systems market size, by type, 2017-2030 (US$M)
South Korea Water Quality Monitoring Systems Market Outlook Share, 2023 & 2030 (US$M)
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