Dissolved Oxygen Sensors Market to Grow by a CAGR of ~8% during 2022 – 2031
Research Nester published a report titled “Dissolved Oxygen Sensors Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global dissolved oxygen sensors market in terms of market segmentation by sensor type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global dissolved oxygen sensors market is estimated to grow at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into wastewater treatment, aquaculture, environmental sciences, and others, out of which, the wastewater treatment segment is anticipated to hold a substantial share over the forecast period. This can be attributed to the increasing demand for treating waste water for reuse, backed by the rapidly increasing water scarcity globally.
The global dissolved oxygen sensors market is anticipated to witness growth on the back of growing demand to measure oxygen level in the water for consumption. Moreover, increasing demand for wastewater management, and growing adoption of aquaculture globally, are anticipated to boost the market growth. For instance, global fish production amounted to over 178 million metric tons in 2019. Furthermore, the increasing adoption of advanced technology amongst various end-user, is estimated to propel the market growth.
On the basis of geographical analysis, the global dissolved oxygen sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period, on the back of rising water pollution levels in the developing countries, along with the growing adoption of wastewater treatment. Moreover, the increasing adoption of aquaculture, is further foreseen to boost the market growth. According to the data by the World Bank, the aquaculture production amounted to 66,135,060 metric tons in China, in 2018.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Recycled Water to Boost the Market Growth
Water scarcity is a major problem in the present times, and various government authorities are focusing on water recycling and waste water management. As a result, dissolved oxygen sensors are required amongst water treatment facilities, to measure and manage the oxygen levels in the water, as too low or too high oxygen levels can affect the bacteria present in the water. Therefore, increasing adoption of water recycling is estimated to boost the market growth.
However, poor awareness amongst wastewater treatment facilities is expected to operate as key restraint to the growth of global dissolved oxygen sensors market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dissolved oxygen sensors market which includes company profiling of Metex Corporation, Horiba, Ltd., Mettler Toledo, Campbell Scientific India Pvt. Limited, Emerson Electric Co., Xylem Analytics GmbH & Co. KG., Hach Company, Thermo Fisher Scientific Inc., and Hky Technology Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dissolved oxygen sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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