Press release
Water testing & analysis market growing at 5.2 % to cross USD 4.7 billion by 2025: Worldwide Top Key Players - Abb, General Electric, Danaher, Thermo Fisher Scientific, Tintometer Gmbh, Agilent Technologies, Emerson Electric
Water testing & analysis market
Global Water testing & analysis Market Synopsis:
According to Market Analyst, Global water testing & analysis market to reach USD 4.7 billion by 2025. Global water testing & analysis market is valued approximately USD 3.1 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2018-2025.
Increasing awareness about environmental degradation and government efforts to promote sustainable development are some key trends that are responsible for the wide adoption of water testing & analysis globally.
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Global water testing & analysis market is majorly driven by government investments policies to promote water testing and analysis. As per the United States Environmental Protection Agency in February 2018, the agency has awarded funds around $172.3 million to State of California for drinking water and wastewater infrastructure improvements. These investments help to capitalize its drinking water and clean water state revolving fund programs.
The demand & adoption of water testing and analysis technologies would increase globally. However, limited market penetration for water testing and analysis instruments in non-industrial application and reluctance of municipal bodies to adopt new technologies are some major factors that impede the growth of the water testing & analysis market over the forecast period.
On the basis of segmentation, the water testing & analysis market is segmented into product, product type and applications. The product segment of global Water testing & analysis market is classified into Toc analyzer, ph meter, dissolved oxygen meter, conductivity sensors and turbidity meter of which Toc analyzer is accounted for the largest market share owing to the growing demand for testing dissolved oxygen in water bodies to determine pollution levels.
Based on product type, the global water testing & analysis market is classified into portable, handheld, benchtop and other product types. The application segment includes laboratory, industrial, environmental, government and other applications of which industrial sector accounts for the largest market share due to rising demand for water testing and analysis services in industries to pre-treat their industrial waste before dumping in any water body.
Regionally, North America have occupied major share in the global water testing & analysis market. The major reasons for the dominance of North America are stringent water quality standards in this region to utilize water testing and analysis services. Also, the developed countries are the major exporters of water testing and analysis technologies in developing countries. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share.
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The Market is segmented and projected on the basis of major key player’s:
Market competition is intense. Abb, General Electric Company, Danaher Corporation, Thermo Fisher Scientific, Tintometer Gmbh, Agilent Technologies, Emerson Electric, Horiba, Honeywell International, Shimadzu Corporation etc. are the leaders of the industry, and they hold key technologies, with high-end customers; have been formed in the monopoly position in the industry.
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What is the global market size for Water testing & analysis market in different countries?
2 Which key developments are expected to have a long-term impact on the Water testing & analysis market?
3 What will be the global Water testing & analysis market size in 2025?
4 Who will be the top vendors in Water testing & analysis market?
5 What’s going to be the growth speed?
6 Which are the most potential countries and markets?
TABLE OF CONTENTS
1 Global Water testing & analysis Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Water testing & analysis Market Dynamics
5 Global Water testing & analysis Market, By Product and Services
6 Global Water testing & analysis Market, By type
7 Global Water testing & analysis Market, By End-user
8 Global Water testing & analysis Market, by Regional Analysis
9 Competitive Intelligence
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