Growth Drivers
Challenges
Regionally, the global boron doped diamond electrode market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is projected to garner the largest revenue of USD 4.43 Million by the end of 2031, up from a revenue of USD 2.22 Million in the year 2021. The growth of the market in the region can primarily be attributed to the increasing awareness for the availability of the product and for the surge in stringent regulations of the government of the nations that focus on adopting measures to lower water pollution. For instance, the United States Centers for Disease Control and Prevention (CDC), has et up the National Environmental Public Health Tracking tool that monitors the levels of several contaminants that can be found in drinking water. Besides this, the United States Environmental Protection Agency (EPA), had set up the Watershed Assessment, Tracking and Environmental Results System (WATERS) to improve communication and efficiency between the EPA databases, such as The Water Quality Portal, Total Maximum Daily Load (TMDL), and the Safe Drinking Water Information System (SDWIS). Similarly, the National Oceanic and Atmospheric Administration (NOAA) and the United States Geological Survey (USGS) had formed different governing bodies that focuses on forming strategies so as to lower water pollution. Such active measures by these regulatory bodies is therefore expected to drive the demand for boron doped diamond electrodes, and in turn, contribute to the growth of the market in the region.
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.10% |
Base Year Market Size (2024) |
USD 6.53 million |
Forecast Year Market Size (2037) |
USD 15.93 million |
Regional Scope |
|
Author Credits: Rajrani Baghel
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