Dissolved Oxygen Sensors Market Share

APAC Market Statistics

Asia Pacific industry is poised to dominate majority revenue share of 34% by 2037. The growth of the market can be attributed to increased demand for water quality monitoring, rising awareness about aquatic environment protection, and the development of advanced technologies for environmental monitoring. The growing population in the region has increased the demand for water, leading to an increase in water pollution levels. For instance, China's drinking water supply is contaminated by levels of animal and human excreta that, in rural areas, exceed maximum permissible levels by as much as 85%, and in urban areas, by as much as 29%. Dissolved oxygen sensors measure the amount of oxygen dissolved in water, which can be an indicator of the water's health. Additionally, governments in the region are investing heavily in water treatment and monitoring systems, which includes the installation of dissolved oxygen sensors. This is further expected to drive the regional market growth in the coming years.

North American Market Forecast

The North America dissolved oxygen sensors market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. Market growth can be attributed to the growing need for water quality monitoring and increasing government regulations for water quality management are driving the demand for dissolved oxygen sensors in North America. Additionally, the region has witnessed rapid industrial growth along with an expansion in the chemical and petrochemical industries over the past few years which rely heavily on the use of dissolved oxygen sensors to monitor and control the quality of their products. For instance, the petrochemical manufacturing industry in the US is expected to grow by 0.5% annually between 2018 and 2023. Water is essential for the chemical and petrochemical industries as it can be used to transport and react with various chemicals and to cool equipment. Sensors measure the level of dissolved oxygen in the water to ensure that the water remains at a desirable level of quality, which is essential for the efficient operation of the chemical processes. Additionally, the availability of government funds for environmental protection and water quality monitoring as well as the presence of large water treatment plants in the region are driving the growth of the market in the North America region.

Europe Market Forecast

Further, the dissolved oxygen sensors market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed to the increasing focus on the development of water infrastructure, rising investments in wastewater treatment plants, and the increasing number of initiatives taken by the European governments to reduce water pollution. Additionally, the increasing use of dissolved oxygen sensors in water bodies and the rising demand for clean and safe water for irrigation and drinking purposes are expected to fuel the market growth in region.