Water Testing and Analysis Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product Type (Handheld, Portable, Benchtop, Others), By Type (Toc Analyzer, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, Ph Meter, Others), By End Use Industry (Industrial, Laboratory, Government, Environment, Others), By Region, Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationWater Testing and Analysis Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product Type (Handheld, Portable, Benchtop, Others), By Type (Toc Analyzer, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, Ph Meter, Others), By End Use Industry (Industrial, Laboratory, Government, Environment, Others), By Region, Competition
Global water testing and analysis market is expected to grow at a reasonable CAGR during the forecast period.
Growing Industrial Applications Spur the Market for Water Testing & Analysis
,
Increasing Awareness About Water Quality is Driving the Market Growth
Increasing awareness about water quality has led to a growing interest in water testing and analysis. Water quality can be affected by a variety of factors such as pollution, agricultural runoff, and natural contaminants. To ensure that water is safe to drink and use, it is important to test and analyze it regularly. The increasing demand for clean water for domestic and industrial purposes has led to a growing need for water testing and analysis instruments. These instruments help in ensuring the safety and purity of water, thereby enabling the supply of clean and safe water to consumers. The development of new technologies and innovative water testing and analysis instruments has led to an increase in their usage. Newer instruments are more accurate, reliable, and easier to use, making them attractive to industries and consumers alike.
Water contamination incidents
Health concerns
Environmental concerns
Regulatory requirements
Technological advancements
Overall, the increasing awareness about water quality has led to a growing interest in water testing and analysis. As people become more informed about the importance of water quality, the demand for water testing and analysis is likely to continue to grow.
Limited Market Penetration for Water Testing & Analysis Instruments in Non-Industrial Applications
One major challenge faced by manufacturers of water testing and analysis instruments is the limited market penetration in non-industrial applications. While water quality is important for both industrial and non-industrial sectors, the demand for water testing and analysis instruments in non-industrial applications is comparatively lower. The non-industrial sector includes residential and commercial users such as households, restaurants, hotels, and offices. These users may not be aware of the importance of water quality testing or may not consider it a priority. As a result, they may not invest in water testing and analysis instruments, which limits the market size for these products. Moreover, the cost of water testing and analysis instruments may be perceived as high by non-industrial users, and they may choose to rely on alternative, cheaper methods of water testing such as test strips. This further limit the demand for water testing and analysis instruments in non-industrial applications. To overcome this challenge, manufacturers of water testing and analysis instruments can focus on creating awareness among non-industrial users about the importance of water quality testing. They can also introduce affordable and user-friendly testing kits that cater to the needs of non-industrial users. Additionally, partnerships with water utilities, regulatory bodies, and non-profit organizations can help create awareness and drive demand for these products in non-industrial applications.
Some of the recent developments of the key market players are
The global water testing and analysis market provides opportunities for companies that specialize in water testing and analysis products and services, including laboratory equipment, and testing kits. As water quality regulations become increasingly strict, the demand for these products and services is expected to grow, creating new business opportunities in the industry.
In 2017, Danaher Corporation acquired Hach Company, a provider of water quality testing and analysis solutions. Hach Company's products and services include laboratory and field-testing instruments, reagents, and data management software. This acquisition strengthened Danaher Corporation's position in the water testing and analysis market.
In 2020, Danaher Corporation acquired ChemTreat, a provider of water treatment solutions for industrial and commercial applications. ChemTreat's products and services include water treatment chemicals, equipment, and monitoring solutions. This acquisition expanded Danaher Corporation's portfolio of water testing and analysis solutions.
In 2023, Thermo Fisher Scientific launched two new wet chemistry analyzers that deliver fully automated, U.S. Environmental Protection Agency (EPA)-compliant testing for environmental, agricultural, and industrial testing labs.
Market Segmentation
Based on Product Type, the market is segmented into Handheld, Portable, Benchtop, and Others. Based on Type, the market is segmented into Toc Analyzer, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, Ph Meter, Others. Based on End Use Industry, the market is further split into Industrial, Laboratory, Government, Environment, Others.
Company Profiles
ABB Limited, Danaher Corporation, Suez SA, Thermo Fisher Scientific, Emerson Electric Company, Endress+Hauser Management AG, Agilent Technologies, Inc., Shimadzu Corporation, Mettler Toledo and Horiba Limited
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historical
Years |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
|
Report
Coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
Covered |
By Product
Type By Type By End
Use Industry By Region |
|
Regional
Scope |
Asia-Pacific,
North America, Europe, Middle East & Africa, and South America |
|
Country
Scope |
China, Japan, India, Australia, South Korea, United States,
Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel,
Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia |
|
Key
Companies Profiled |
ABB Limited, Danaher Corporation, Suez SA, Thermo Fisher Scientific,
Emerson Electric Company, Endress+Hauser Management AG, Agilent Technologies,
Inc., Shimadzu Corporation, Mettler Toledo and Horiba Limited. |
|
Customization
Scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing
and Purchase Options |
Avail of customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/pdf format
on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy