Chlorine Sensors Market Projected To Grow At A CAGR Of 7.90 % During The Forecast Period 2020 To 2025

Increasing investments and stringent government regulations are anticipated to boost the Chlorine Sensors market during the forecast period 2020-2025.

Chlorine Sensors Market size was valued at $874.11 million in 2019, and it is estimated to grow at a CAGR of 7.90% during 2020-2025.

With the increasing investments, manufacturers are focusing on research and development activities by adopting advanced technologies and this set to create opportunities for the market growth. Increasing investments in various industries sector has been driving the chlorine sensor market. For instance, in early 2019, the water industry in U.K., had planned to invest $65 billion for water treatment activities during the period 2020 to 2025. This is poised to create opportunities for the chlorine sensors market. Adoption of amperometric technology based chlorine sensors in industries assist improving chlorine measurement accuracy, and this pushes the market growth.

Additionally, stringent government regulations in various industry vertical propel the market growth. Stringent laws for the control of water safety in order to uphold the established safety level are the key factors for the demand for chlorine sensors. For commercial application, chlorine sensors track the percentage of chlorine for gas analyzers, petroleum and hydrocarbon extracts in the oil and gas industry. Since the last decade, the developing countries are going through a phase of development in which industrialization has been an integral part. This risk-based strategy has been advocated by the World Health Organization (WHO) by guidelines for Drinking Water Protection Plans (DWPP) recognized internationally as offering comprehensive mechanism for the application and maintenance of water resource systems and this drives the market growth.

North America holds a major share of Chlorine Sensors market due to early adoption of advanced technologies. Additionally, the strong financial position allows it to invest heavily in the adoption of latest tools and technologies for ensuring effective business operations. Many of the major players such as Emerson, Hach, H2Tronics, Sensorex, and others are headquartered in North America region which set to drive the Chlorine Sensor market. There are approximately 14,748 waste water treatment facilities in the U.S. High adoption of chlorine sensors for water treatment facilities drive the market growth in this region.

Chlorine sensors are major used in water utilities industry owing to stringent regulations and government initiatives for water treatment activities. Chlorine sensors are majorly used for monitoring and controlling the disinfection of drinking water or pool water, waterworks, cooling towers, bottle cleaning facilities. In oil and gas industry, chlorine sensors are used to monitor the chlorine percentage in gas analyzers, crude and hydrocarbon extracts. In pharmaceutical industry, water can be utilized as a reagent, ingredient, or means of transportation in the pharmaceutical industry. There are also formulations of which water is part of the product's formulation, such as injectable, eye drops, ophthalmic solutions, syrups and suspensions, rendering it important that the consistency follows the requirements of usage. Adoption of chlorine sensors for various industrial applications is set to drive the market growth.

Chlorine sensors are commonly used in various processes to track or quantify chlorine concentration and thereby maximize chlorine use, lowering running costs with uncompromised production. Using advanced technology, wirelessly linked chlorine sensors are designed to allow unwired data transmission to the centralized network that directly facilitates online tracking. Production of optical chlorine-based fiber sensors offering lesser sensitivity to electromagnetic interference, miniaturization of the detector, reusability of the test, compact scale, and light weight, low cost will drive the market.

In January 2020, AstraZeneca, a pharmaceutical company in U.K. has planned to invest $520 million into manufacturing and R&D. This investment enables Company in further building scientific collaborations in France, and in accelerating new technologies through a new European Innovation Hub. This create opportunities for the adoption of chlorine sensors in pharmaceutical industry.

In December 2019, French water waste management firm Suez had invested $34 million in Hungary. Investments in water treatment industries drive the adoption of chlorine sensor market.

The major companies in the Cloud Content Delivery Network market include Emerson, Endress+Hauser, Hach (Danaher), Xylem Analytics, Veolia, ABB, Sensorex (Halma), Thermo Fisher, ProMinent, SB Control and among others. 

In December 2019, Endress + Hauser had acquired Memosens CCS51D free chlorine sensor. This sensor is developed majorly for water treatment application. This increases the Company’s chlorine sensor market share.

In November 2019, Hach had launched chlorine sensor for the water management application. Development of advanced products for various applications is set to drive the market share of the company.