Press release
Water Quality Testing Equipment Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Water Quality Testing Equipment Market
The Business Research Company's Water Quality Testing Equipment Global Market Report 2023 identifies Increasing instances of water contamination as the major driver for the Water Quality Testing Equipment market's growth in the forecast period. Water contamination refers to the spreading of pollutants into subterranean groundwater or into bodies of water such as lakes, streams, rivers, estuaries, and seas to the point that they obstruct ecosystems' ability to operate naturally or people's ability to use the water for good.
The global water quality testing equipment market is expected to grow from $4.01 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The water quality testing equipment market is expected to reach $5.57 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the Water Quality Testing Equipment market are General Electric Company, Thermo Fisher Scientific Inc., Danaher Corporation, ABB Ltd., Emerson Electric Co., Eurofins Scientific SE.
A key trend in the Water Quality Testing Equipment market includes technological advancements. Major companies operating in the water quality testing equipment market are focused on adopting new technologies to sustain their position in the market. For instance, in June 2023, In-Situ Inc., a US-based developer and producer of water treatment equipment, announced the launch of Aqua TROLL 700 and 800 Multiparameter Sondes, new multiparameter water quality instruments for providing long-term continuous monitoring of water. Six Aqua TROLL sensors and an automated antifouling wiper are included in the Aqua TROLL 700 and 800. These two instruments are extremely successful in freshwater, brackish, and saltwater environments for continuous long-term monitoring and spot checks.
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The Water Quality Testing Equipment market is segmented -
• By Device Type: Stationary Or Bench-Top, Portable
• By Test Type: pH (Power of hydrogen) Test, Dissolved Oxygen Test, Conductivity Test, Turbidity Test, TDC (Tissue Dielectric Constant) Tests
• By End User: Industrial, Commercial, Government, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Water Quality Testing Equipment market.
The Business Research Company's "Global Water Quality Testing Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Water Quality Testing Equipment Market Include:
1. Executive Summary
2. Water Quality Testing Equipment Market Characteristics
3. Water Quality Testing Equipment Market Trends And Strategies
4. Water Quality Testing Equipment Market - Macro Economic Scenario
5. Global Water Quality Testing Equipment Market Size and Growth
……………………………………………………………………………………….
32. Global Water Quality Testing Equipment Market Competitive Benchmarking
33. Global Water Quality Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water Quality Testing Equipment Market
35. Water Quality Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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