South Korea Water Quality Monitoring Systems Market Size & Outlook
The water quality monitoring systems market in South Korea is expected to reach a projected revenue of US$ 323.4 million by 2030. A compound annual growth rate of 9.9% is expected of South Korea water quality monitoring systems market from 2024 to 2030.
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
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.
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.
South Korea Water Quality Monitoring Systems Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Water Quality Monitoring Systems Market Outlook will help companies and investors design strategic landscapes.
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.
South Korea Water Quality Monitoring Systems Market Type Outlook (Revenue, USD Million , 2018-2030)
Sensors
Data Acquisition Systems
Data Analysis and Visualization Tools
South Korea Water Quality Monitoring Systems Market Application Outlook (Revenue, USD Million , 2018-2030)
Utility
Industrial
Commerical
Resiential
Laboratories
Government Buildings
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Water Quality Monitoring Systems Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Water Quality Monitoring Systems Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Water Quality Monitoring Systems Market, 2018-2030 (US$M)