The market for water testing and analysis is examined in this study in terms of geography, product type, and application.
Europe and North America lead the global market. Leading exporters of water testing & analysis to developing regions are emerging as developed European nations. One of the major producers and importers of water testing and analysis tools is the Asia-Pacific area. From 2014 to 2019, this region is anticipated to expand at the greatest CAGR of 7.0%. Government rules are expanding, and environmental concerns are intensifying.
Increased concern for water quality across a range of application industries, including food & beverage, pharmaceuticals, chemical, energy & power, electronics & semi-conductors, coupled with the waste water treatment industry, is driving the market globally.
Secondary sources were used to determine the geographic and application-based divide, and primary respondents served as the source of confirmation. When calculating each region’s market share in the water testing and analysis industry, the demand in each area was taken into account. The market estimation was also based on a number of factors, including the number of competitors, supply and demand trends, and the level of research effort in a specific area. The market for water testing and analysis equipment is anticipated to increase at a CAGR of 5.2% and reach $3.5 billion in sales by 2019.
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In North America and Europe, waste water treatment, energy & electricity, pharmaceutical, medical, and electronics & semi-conductor industries all employ water testing & analysis tools extensively. The laboratory sector often makes the highest use of water testing and analysis equipment.
Globally, the market is fueled by expanding industrial uses for water testing and analysis tools as well as rising public and private investment in resolving environmental problems.
*Others includes instruments for measuring conductivity, colour, spectroscopy, refraction, ions, temperature, and radioactivity.
The market size for water testing and analysis products in 2014 and 2019 is shown in the graph above, along with the anticipated CAGR from 2014 to 2019. In the market for water testing and analysis tools, TOC analyzers are expanding at the quickest CAGR and now have the second-largest market share.
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Some of the main competitors dominating the global Water Testing and Analysis market include –
- Abb Ltd.
- General Electric Company
- Danaher Corporation
- Thermo Fisher Scientific Inc.
- Tintometer Gmbh
- Agilent Technologies Inc.
- Danaher Corporation
- Emerson Electric Co.
- Horiba Ltd.
- Honeywell International Inc.
- Mettler-Toledo International Inc.
- Shimadzu Corporation.
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa