Water Testing And Analysis Market 2024 - By Analysis, Trend, Future Scope, Demand, Leading Key Players And Industry Growth Forecast Till 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Water Testing And Analysis Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The water testing and analysis market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to stringent water quality regulations, growing concerns about waterborne diseases, industrial pollution and effluent monitoring, expanding agricultural practices, urbanization and infrastructure development.

The water testing and analysis market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to global population growth and water scarcity, rising awareness of emerging contaminants, focus on industrial water recycling, impact of climate change on water resources, government initiatives for water management. Major trends in the forecast period include focus on emerging contaminants and micropollutants, use of drones and remote sensing for water monitoring, collaboration between technology providers and water utilities, implementation of real-time water quality reporting, increasing emphasis on water recycling and reuse.

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Key Market Players:

Major companies operating in the water testing and analysis market report are General Electric Company, Veolia Environnement SA, Honeywell International Inc., Danaher Corporation, ABB Ltd., Daikin Industries Ltd., Johnson Controls International plc, Carrier Global Corporation, Emersion Electric Co, Suez SA, Eurofins Scientific SE, SGS S.A., Agilent Technologies Inc., Bureau Veritas AS, Lennox International Inc., Charles River Laboratories, Mettler-Toledo International Inc., Endress+Hauser Management AG, Intertek Group plc, Shimadzu Corporation, TUV SUD EV, UL LLC, Horiba Ltd., ALS Limited, Neogen Corporation, NSF International, Merieux NutriSciences Corp, AquaPhoenix Scientific Inc., Thermo Fisher Scientific Inc., Tintometer GmbH

Market Drivers:

The rise in the prevalence of waterborne diseases is contributing to the growth of the water testing and analysis market. Waterborne diseases are diseases caused when drinking water is contaminated with pathogenic microorganisms like protozoa, viruses, bacteria, and intestinal parasites. For instance, according to the 2021 SCRIP (Scientific Research Publishing) report, a China-based publishing company, each year, approximately 4 billion cases of waterborne diseases are reported all over the world, resulting in at least 1.8 million deaths, with 90% of cases involving children under the age of five. These deaths account for approximately 4% of all deaths and 18% of deaths in children under five in developing countries. Waterborne diseases account for an estimated 4.1% of the total daily global disease burden and kill 1.8 million people each year. The majority of deaths occur in children under the age of five in developing countries. Therefore, the rise in the prevalence of waterborne diseases is expected to drive the water testing and analysis market.

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The water testing and analysis market covered in this report is segmented -

1) By Type: TOC Analyzer, PH Meter, Dissolved Oxygen Meter, Conductivity Sensor, Turbidity Meter, Other Types
2) By Test Type: Physicochemical Analysis, Bacteriological Testing
3) By Method: Membrane Filter, Multiple Tube Dilution, Visual Comparison Method, Spectrometric Method, Titration Method, Other Methods
4) By End User: Pharmaceutical, Power, Semiconductor, Food and Beverage, Mining, Refineries, Metals, Chemicals, Environmental, Other End Users

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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