Dissolved Oxygen Sensors Market - Snapshot
According to a new market report published by Transparency Market Research titled “Dissolved Oxygen Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the dissolved oxygen sensors market is expected to reach US$ 786.4 Mn by 2026 and is projected to expand at a CAGR of 7.36% from 2018 to 2026. According to the report, the market is expected to be influenced by a range of factors such as need for accurate and reliable measurements, need for minimized installation and maintenance time, and growing importance of environmental monitoring. Dissolved oxygen (DO) concentration is essential for the survival of aquatic life. Furthermore, DO is a key ingredient in efficient wastewater treatment processes. Typical wastewater treatment facilities utilize four stages for wastewater treatment, which are primary, secondary, tertiary, and sludge. In the secondary stage of treatment, organic waste is oxidized to form nitrogen compounds, water, and carbon dioxide (CO2). For the successful completion of the secondary stage, waste treatment facilities use an activated sludge system, which consists of various organisms and bacteria that feed on organic materials in the sewage. Bacteria uses dissolved oxygen to break down organic material into water, CO2, and energy, in turn clearing the water of harmful substances. For efficient wastewater treatment, it is important to measure and maintain the DO level in wastewater, which is expected to fuel the market growth in the next few years .Additionally,market players are focused on R&D for the development of innovative and technologically advanced dissolved oxygen sensors related products. These technologically advanced products are expected to help companies in expanding their business worldwide.
Wastewater treatment application segment is expected to be more lucrative for the dissolved oxygen sensorsmarket
In terms of type, the dissolved oxygen sensors market is bifurcated into optical and electrochemical. The electrochemical dissolved oxygen segment is further classified into galvanic and polarographic. In terms of application, the DO sensors market is segmented into wastewater treatment, aquaculture, environmental sciences, food and beverages, and others. The others segment includes various applications including semiconductors. Inadequately treated wastewater results in degradation of water quality in the ground and on the surface and creates scarcity of drinkable water. Also, wastewater and sanitation-related diseases remain highly common in countries with poor wastewater treatment facilities.In order to tackle the issue, several government and private institutions are striving toward improvement of wastewater treatment infrastructure. Further, wastewater management is receiving significant political and social attention leading to general public awareness.Thus, the wastewater treatment segment is estimated to witness significant adoption of dissolved oxygen sensors.
Market in Asia Pacific to expand at a significant CAGR during the forecast period
The market in Asia Pacific is projected to expand at the highest CAGR of around 8.0% during the forecast period. This growth is mainly due to the presence of well-established players such as Yokogawa Electric Corporation and a number of local players with well-established distribution networks. Further, emerging economies including China and Japan are spending huge resources on improvement of wastewater infrastructure.
Honeywell International Inc., Yokogawa Electric Corporation, Thermo Fisher Scientific Inc., Siemens AG, and Hach Company among othersare some of the major players operating inthe dissolved oxygen sensorsmarket profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as a part of company profiling. Various players in the market are forming strategic alliances with other players to boost the dissolved oxygen sensors technology. For instance, in May 2018, Hach Company formed a three year partnership with Veolia, a wastewater and energy management solutions provider. As per the agreement, Hach will be the primary supplier of water analysis solutions from 2018 to 2020 for Veolia’s water operations.
Dissolved Oxygen Sensors Market - Overview
The “Dissolved Oxygen Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026” report provides analysis of the dissolved oxygen sensors market for the period 2016 to 2026, wherein 2018 to 2026 is the forecast period, 2017 is considered as the base year, and data for 2016 has been provided as historical information. The report covers all the trends and technologies playing a major role in the expansion of the dissolved oxygen sensors market during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the expansion of the market during this period. The study provides a holistic perspective on the expansion of the market, in terms of revenue (in US$ Mn), across different geographical regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region-wise, prominent countries/regions covered in the report include the U.S, Canada, Germany, France, the U.K, India, China, Japan, GCC countries,South Africa and Brazil.
This report analyzes and forecasts the dissolved oxygen sensors market at the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026. The study includes drivers, restraints,and opportunities of the global market. It also covers the impact of these drivers and restraints during the forecast period. The study encompasses market attractiveness analysis, wherein type, application, and countries/regions are benchmarked based on their market size, growth rate, and general attractiveness.
Global Dissolved Oxygen Sensors Market: Taxonomy
This research study on the global dissolved oxygen sensors market provides a detailed cross-segment and cross-country analysis based on the different segments including type and applications. Based on type, the dissolved oxygen sensors market is segmented into optical and electrochemical. Electrochemical is further segmented into galvanic and polarographic DO sensors. Furthermore, by application, the market is divided into wastewater treatment, aquaculture, environmental sciences, food & beverages, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Global Dissolved Oxygen Sensors Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-handinformation on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also helpdevelop the analysis team’s market expertise and understanding.
Global Dissolved Oxygen Sensors Market: Competitive Dynamics
The report highlights well-established players operating in the market including Siemens AG, Yokogawa Electric Corporation, Honeywell International Inc., Xylem Analytics,and Emerson Electric Co. among others.These key players are striving for the expansion of their product portfolio. For instance, in April 2016, Xylem Analytics teamed up with New York based lab instruments suppliers, Lab Synergy, to expand its product portfolio and geography. Lab Synergy provides strong technical application expertise for the pharmaceutical, life sciences, and food & beverage industry.
Global Dissolved Oxygen Sensors Market Segmentation
Global Dissolved Oxygen Sensors Market, by Type
Global Dissolved Oxygen Sensors Market, by Application
- Wastewater treatment
- Environmental Sciences
- Food & Beverages
Global Dissolved Oxygen Sensors Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America