Press release
Microbiological Testing of Water Market by Pathogen type (Legionella, Coliform, Salmonella, Clostridium, Vibrio), Type (Instruments, Reagents & Test Kits), Water Type (Drinking & Bottle, Industrial water), Industry and Region - Global Forecast to 2027
The Microbiological testing of water market is estimated at USD 1.6 billion in 2022. It is projected to grow at a CAGR of 7.4% to reach USD 2.3 billion by 2027. Consumer awareness regarding consuming water to be safe, nutritious water as well as an increase in the consumption of water that is free of bacteria and chemicals are the main factors driving market growth.The pharmaceutical, biopharmaceutical, and food industries utilize testing of drinking and industrial water. Increasing water-borne diseases like typhoid, dysentery, and cholera play a significant role in market growth.
The need for water microbiological testing is rising in response to the rise in microbial contamination at various water bodies for a variety of industrial applications. The market for microbiological water testing solutions is rapidly expanding, in large part due to the expansion of end-user industries like oil & gas, semiconductor, pharmaceutical, chemical, and food & beverage. All around the world, most people rely on private water supplies.
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Key Market Players
The key players in this market include 3M (US), Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Döhler Group (Germany), Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), Merck (Germany), PerkinElmer, Inc. (US), Bio-Rad Laboratories, Inc. (US), IDEXX Laboratories, Inc. (US), Avantor Inc. (US), Hardy Diagnostics (US), LaMotte Company (US), Accepta Ltd (UK), General Laboratory Products (US). To strengthen their market position in the global Microbiological testing of water market, these players focus on strategies such as recent developments, acquisitions, collaborations, and partnerships.
Manufacturing of food & beverage products consumes a tremendous amount of energy and power, especially where large and automated equipment is involved. The entire manufacturing of food & beverage products is concluded in the following stages: agriculture, processing, handling, and transporting. The handling and processing stages involve diverse types of machinery and technology, which consume massive energy and power.
The market for microbiological water testing solutions is expected to grow most rapidly in the emerging economies. Compared to Europe and North America, the Asia Pacific, Middle East, and Latin American countries are untapped markets for companies that provide solutions for microbiological water testing, and they have enormous growth potential.
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Key Takeways From Market Study Report:
By type, the Instruments subsegment is estimated to account for the largest share of the market.
By industry, the Food segment is projected to achieve the highest CAGR in the Microbiological testing of water market during the forecast period.
North America is projected to account for the largest market share of the Microbiological testing of water market during the forecast period.
This research report categorizes the Microbiological testing of water market based on technology, application, type, mode of operation, and region.
Based on type, the Microbiological testing of water market has been segmented as follows:
• Instruments
• Reagents and test kits
Based on Pathogen type, the Microbiological testing of water market has been segmented as follows:
• Legionella
• Coliform
• Salmonella
• Clostridium
• Vibrio
Based on water type, the Microbiological testing of water market has been segmented as follows:
• Drinking and bottled water
• Industrial water
Based on Industry, the Microbiological testing of water market has been segmented as follows:
• Pharmaceutical
• Clinical
• Food
• Energy
• Chemicals and materials
• Environmental
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Frequently Asked Questions (FAQ):
Who are some of the key players operating in the Microbiological testing of water market, and how intense is the competition?
What kind of stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
What are the potential challenges to the Microbiological testing of water market?
What key development strategies do the players in the Microbiological testing of water market undertake?
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