Water Testing & Analysis Market Scope
Since the last few decades, global regulatory bodies have started looking towards environmental concerns as well as growing awareness among the end users have fuelled the demand for water testing and analysis solutions. In addition to this, the growing adoption of water testing and analysis solutions in pharmaceuticals, chemical, food & beverage, energy & power, electronics & semiconductors, and many other industries will propel the business growth. According to Ministry of Water Resources India, it is estimated that by the end of 2025, in India the demand for water across industries will rise to 80 billion cubic meters, including (industries+ energy sector) which was around 41.4 billion cubic meters in 2010 for (industries + energy sector). Hence, the growing demand for water across industries is boosting the growth in the global water testing and analysis market. On the other hand, lack of capital investment and high environmental and climatic condition influence might stagnate the growth of the global water testing and analysis market.
The market study is being classified by Type (Toc Analyzers, Ph Meters, Dissolved Oxygen Analyzers, Conductivity Sensors and Turbidity Meters), by Application (Laboratory, Industrial, Environmental and Government) and major geographies with country level break-up. According to AMA, the Global Water Testing & Analysis market is expected to see growth rate of 6.78% and may see market size of USD4.12 Billion by 2024.
The Manufacturers having a strong hold in the market are ABB Limited, Danaher Corporation, Suez SA, Thermo Fisher Scientific, and Emerson Electric. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Water Testing & Analysis market throughout the predicted period.
ABB Limited (Switzerland), Danaher Corporation (United States), Suez SA (France), Thermo Fisher Scientific (United States), Emerson Electric Company (United States), Endress+Hauser Management AG (Switzerland), Agilent Technologies, Inc. (United States), Shimadzu Corporation (Japan), Mettler-Toledo International Inc (United States) and General Electric Company (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Tintometer Gmbh (Germany), Horiba, Ltd. (Japan), Honeywell International Inc. (United States) and Shimadzu Corporation (Japan).
AdvanceMarketAnalytics has segmented the market of Global Water Testing & Analysis market by Type, Application and Region.
On the basis of geography, the market of Water Testing & Analysis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Modality, the sub-segment i.e. Portable will boost the Water Testing & Analysis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
The Ministry of Environmental Protection of the People's Republic of China is the nation's environmental protection department charged with the task of protecting China's air, water, and land from pollution and contamination. Directly under the State Council, it is empowered and required by law to implement environmental policies and enforce environmental laws and regulations. The government also funds and organizes research and development. China's new drinking water standards involve 106 indicators. Of China's 35 major cities, only 40% of cities have the capacity to test for all 106 indicators. The department in charge of local water and the health administration department will enter into a discussion to determine results for more than 60 of the new measures
- Continues Technological Advancements has led to the Adoption of Innovative Products with Improved Capabilities
- Increasing Applications with respect to Growing Industrialization will maximize the demand for Water Testing & Analysis Instruments
- Upsurging Government and Private Reimbursements in Water Testing & Analysis Development
- Rising Awareness about Water Quality and Water Safety
- Rapid Industrialization & Urbanization in Emerging Economies
- Stagnated Business Growth For Water Testing & Analysis Instruments in Household or Non-Industrial Applications
- Disinclination of Municipal Bodies and Civic Societies to Adopt Newly Invented Technologies
- Comparatively Expensive Water Testing & Analysis Technologies
Key Target AudienceWater Testing & Analysis Service Providers, Water Testing Industry Associations, Government Agencies, Research and Development Institutes, Financial Institutes and Venture Capitalists, Downstream Buyers and Others
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