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Water Testing And Analysis Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | General Electric Company, Veolia Environnement SA, Honeywell International Inc., Danaher Corporation, ABB Ltd.
Water Testing And Analysis Global Market Report
The Business Research Company offers in-depth market insights through Water Testing And Analysis Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Escalating Waterborne Diseases Drive Growth In The Water Testing And Analysis Market
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.
Competitive Landscape:
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
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Top Trend - Horiba Advanced Techno Co. Ltd Acquired Tethys Instruments Sas
In April 2023, HORIBA Advanced Techno Co. Ltd., a Japan-based provider of services and products in the measurement of water and other liquids, acquired Tethys Instruments SAS for an undisclosed amount. The acquisition improves market-ready solution offerings and analytical system research and development at HORIBA Advanced Techno Co. Ltd. to monitor water quality. Further, HORIBA Advanced Techno Co. Ltd. will benefit from Tethys' expertise in UV spectroscopy, which creates positive synergy with HORIBA's core capabilities in electrochemistry and sampling. Tethys Instruments SAS is a France-based manufacturer of measurement technologies for water quality measurements.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Water Testing And Analysis Market Characteristics
3. Water Testing And Analysis Market Trends And Strategies
4. Water Testing And Analysis Market - Macro Economic Scenario
5. Water Testing And Analysis Market Size And Growth
…..
27. Water Testing And Analysis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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