Water Quality Testing Equipment Market to hit US$ 5.67 Billion, Globally, by 2027 at 5.93% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled “Water Quality Testing Equipment Market - Global Analysis and Forecast to 2027”, The Global Water Quality Testing Equipment Market is expected to reach US$ 5.67 billion in 2027, registering a CAGR of 5.93% during the forecast period 2019-2027.

In 2018, North America accounted for the largest market share, growing at a CAGR of 5.08%

The market in the Asia Pacific is anticipated to undergo a rapid transformation as a result of an enhanced focus on metering, market consolidation, and evolving business models in the region. The growth of the market is expected to spike up in APAC as the Governments intervene for reducing non-revenue water, lower operational expenditures, and also bring about better demand management. Utilities have realized the importance of increasing cost recovery in ensuring the financial and environmental sustainability of water supply. Also, healthy investments from the private sector would improve the water quality testing equipment penetrations in the region.

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In the recent few years, water quality testing equipment market has noticed the market initiative strategy adopted by the companies to expand their footprint across the world and meet the growing demand of their customers. The market players present in water quality testing equipment market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership contracts, joint venture, collaborations, and inaugurating new offices across the world permit the company to maintain its brand name globally.

Water quality testing equipment market is segmented on the basis of the end user. The Government segment of end users is expected to dominate the water quality testing equipment market during the forecast period. The government sector includes laboratories, public water distribution system, thermal power generation, agricultural, wastewater management, and many more. All these sectors need to follow various government regulations that are mandatory to check the water quality.

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.  The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Water Quality Testing Equipment Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Water Quality Testing Equipment Market Forecast to 2028 - Latest COVID-19 Analysis at https://bit.ly/32pT0GC

Stringent legislations across the globe on maintaining water quality to contribute to the water quality testing equipment market growth

The Clean Water Act (CWA) in the US is responsible for the protection of water bodies in the US with the standards set as per the desired usage of it. The Safe Drinking Water Act (SWDA) in the country is responsible for maintaining and improving the quality of drinking water supplied to the masses. The SWDA is also accountable for listing the standards in public water treatment plants.

Innovative water processing techniques to drive the overall growth in water quality testing equipment market

The water desalination process is a widely adopted process in the Middle Eastern countries to bring a balance in the demand-supply of water. However, the process is observed to have specific negative impacts on the water bodies and the allied water ecosystem. It has been noted that the desalination process results in the diffusion of chemicals and anti-fouling agents in the sea. As a corrective measure, water agencies use automated warning stations and much other water quality testing equipment for monitoring the quality of water. The adoptions of water quality monitoring systems are therefore anticipated to spike up in the Middle Eastern region.

The List of Companies - Water Quality Testing Equipment Market

ABB Ltd
Agilent Technologies Inc.
AquaPhoenix Scientific Inc.
Danaher Corporation,
Emerson Electric Co.
Eurofins Scientific SE
General Electric (GE)
Horiba, Ltd.
Shimadzu Corporation
Thermo-Fisher Scientific

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The market players present in water quality testing equipment market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below;

2019: Emerson announced the introduction of new sensor technology to provide about ten times greater sensor stability, and reduce risk in quality and yield for biopharmaceutical manufacturers.

2017: AquaPhoenix announced a new Mobile Testing App named as “Aliquot,” mainly for water technicians to make their daily testing simple and efficient. This application is available in iOS and Android mobiles.

2017: Shimadzu announced a joint research and development innovation center in Singapore. This center comprises of 7 members of staff working, for the development of a high sensitivity environmental sensor to detect nitrogen and phosphorous contained in lakes and rivers.

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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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