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Water Testing Market worth $15.54 billion by 2030, growing at a CAGR of 7.33% - Exclusive Report by 360iResearch
Water Testing Market | 360iResearch
The Global Water Testing Market to grow from USD 9.47 billion in 2023 to USD 15.54 billion by 2030, at a CAGR of 7.33%.
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Water testing includes equipment and kits used for analyzing the quality of water in various contexts, including drinking, industrial use, wastewater, and environmental ecosystems. It involves chemical, physical, and biological testing methodologies to detect contaminants, assess compliance with regulations, and ensure water safety. This method serves multiple sectors, such as municipal water treatment, environmental monitoring, industrial water treatment, agriculture, and residential consumers. Rising awareness of waterborne diseases worldwide is expanding the utilization of water testing solutions. Rapid urbanization that leads to pressure on water resources and increasing investment in water infrastructure in developing economies is driving the water testing market. The high cost of advanced water testing technologies, lack of awareness in certain regions, and the need for skilled personnel to conduct and interpret complex tests hamper the market growth. Technological advancements in testing methods and government initiatives for environmental conservation and public health protection are expected to expand the scope of the market.
Concerns regarding aged infrastructure and industrial waste have spurred demand for advanced water testing services in the Americas. The country has witnessed a rise in public and private sector investment in water quality monitoring solutions, with a particular focus on detecting lead, pharmaceuticals, and agricultural runoff. Technological advancements and IoT integration are prevalent trends. Asia-Pacific's rapid industrialization and urbanization have escalated water stress, making water testing essential. The stringent environmental protection laws are boosting the adoption of water testing equipment and services, focusing on industrial wastewater treatment and domestic water quality improvement. The EU's strict water quality directives, such as the Drinking Water Directive and the Water Framework Directive, necessitate comprehensive water testing across member states. This regulatory framework pushes for innovation in water testing technologies and services, aiming for sustainable water management and pollution reduction. Water scarcity and the importance of water management in the Middle East drive the demand for efficient and accurate water testing. Africa faces unique challenges due to water contamination and scarcity. Initiatives focus on improving clean water access through enhanced water testing methodologies, particularly in rural areas. Investment in mobile water testing units and community education on water quality are noteworthy trends.
Market Segmentation & Coverage:
This research report categorizes the Water Testing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Colorimeter, Conductivity Meter, Conductivity Sensor, Dissolved Oxygen Meter, pH Meter, Refractometer, Spectrophotometer, TOC Analyzer, and Turbidity Meter. The pH Meter commanded largest market share of 14.62% in 2023, followed by Spectrophotometer.
Based on Pathogen Type, market is studied across Clostridium, Coliform, Legionella, Salmonella, and Vibrio. The Salmonella commanded largest market share of 12.32% in 2023, followed by Coliform.
Based on Product Type, market is studied across Benchtop, Handheld, and Portable. The Benchtop commanded largest market share of 70.12% in 2023, followed by Handheld.
Based on Application, market is studied across Hospital & Clinical, Household, Industrial, and Municipal & Environmental Water. The Municipal & Environmental Water commanded largest market share of 55.98% in 2023, followed by Industrial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.16% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Water Testing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Water Testing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Water Testing Market, highlighting leading vendors and their innovative profiles. These include 3M Company, ABB Ltd., Accepta Ltd, Acustrip Company, Inc., Agilent Technologies, Inc., ALS Limited, Apera Instruments, LLC, Bio-Rad Laboratories, Inc., CHEMetrics, LLC by AquaPhoenix Scientific, Clean Water Testing LLC, Danaher Corporation, DuPont de Nemours, Inc., Emerson Electric Co., Endress+Hauser AG, Eurofins Scientific SE, Feedwater Ltd., General Electric Company, Global Treat, Inc., Hanna Instruments Inc., Honeywell International Inc., Horiba, Ltd., IDEXX Laboratories, Inc., In-Situ Inc., Intertek Group PLC, Istek, Inc., Jenco Instruments, LaMotte Company, LANXESS AG, LuminUltra Technologies Ltd., Merck KGaA, Mettler-Toledo International Inc., Mérieux NutriSciences Corporation, National Testing Labs, Ltd., Neogen Corporation, Omega Engineering, Inc., Owlstone Inc., Panomex Inc., PCE Holding GmbH, PerkinElmer Inc., Qingdao Innova Bio-meditech Co., Ltd., SGS S.A., Shimadzu Corporation, Siemens AG, SimplexHealth, Suburban Testing Labs, Taylor Water Technologies LLC, Thermo Fisher Scientific, Inc., Tintometer GmbH, UL LLC, Water Testing Labs of Maryland, Inc., Waters Corporation, WCS Environmental Ltd., Xylem Inc., and Zhejiang Lohand Environment Technology Co.,Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Water Testing Market, by Product
7. Water Testing Market, by Pathogen Type
8. Water Testing Market, by Product Type
9. Water Testing Market, by Application
10. Americas Water Testing Market
11. Asia-Pacific Water Testing Market
12. Europe, Middle East & Africa Water Testing Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Water Testing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Water Testing Market?
3. What is the competitive strategic window for opportunities in the Water Testing Market?
4. What are the technology trends and regulatory frameworks in the Water Testing Market?
5. What is the market share of the leading vendors in the Water Testing Market?
6. What modes and strategic moves are considered suitable for entering the Water Testing Market?
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