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Global Water Quality Testing Equipment Market 2024 Technology Scouting, Industry Insights, Business Outlook And Key Players Analysis Till 2033
Water Quality Testing Equipment Market
The Business Research Company offers in-depth market insights through Water Quality Testing Equipment 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 quality testing equipment market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to regulatory compliance, industrialization impact, public health concerns, environmental awareness.
The water quality testing equipment market size is expected to see strong growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to global water crisis, urbanization and infrastructure development, industrial compliance, climate change impact. Major trends in the forecast period include technological advancements, decentralized testing solutions, data analytics and ai integration, remote monitoring and cloud-based solutions, multi-parameter testing.
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Market Segmentation:
The water quality testing equipment market covered in this report is segmented -
1) By Device Type: Stationary Or Bench-Top, Portable
2) By Test Type: pH (Power of hydrogen) Test, Dissolved Oxygen Test, Conductivity Test, Turbidity Test, TDC (Tissue Dielectric Constant) Tests
3) By End User: Industrial, Commercial, Government, Other End Users
Major Driver - Rising Water Contamination Instances Fuel Growth Of Water Quality Testing Equipment Market
Increasing instances of water contamination are expected to propel the growth of the water quality testing equipment market going forward. 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. Water quality testing equipment is used to identify contaminants and evaluate different aspects of water quality. It aids in determining the presence and concentrations of numerous compounds and contaminants in water sources. For instance, in July 2023, according to the Environment Agency, a UK-based non-departmental public body, about 2,026 instances involving sewage and water supply infrastructure were reported, up from 1,883 in 2021. The majority of the 368 instances impacting water supply assets (345 in 2022 compared to 189 in 2021) were from the water distribution system. From 1,883 in 2021 to 2,026 in 2022, there were more pollution incidents (caused by sewage and water supply infrastructure). Therefore, the increasing instances of water contamination are driving the growth of the quality testing equipment market.
Competitive Landscape:
Major companies operating in the water quality testing equipment market report are General Electric Company, Thermo Fisher Scientific Inc., Danaher Corporation, ABB Ltd., Emerson Electric Co., Eurofins Scientific SE, Agilent Technologies Inc., Xylem Inc., Endress+Hauser AG, Shimadzu Corporation, Horiba Ltd., HACH GmbH & Co., In-Situ Inc., Hanna Instruments Inc., Metrohm AG, Omega Engineering Inc., Analytik Jena AG, Myron L Co., Sea-Bird Electronics Inc., Palintest Ltd., Aquaphoenix Scientific Inc., LaMotte Company, CHEMetrics LLC, Luminultra Technologies Ltd., Sensorex Inc., Tintometer GmbH, Real Tech Inc., Electro-Chemical Devices Inc., Process Insights Inc., Aquaread Ltd.
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Top Trend - Technological Advancements Drive Innovation In Water Quality Testing Equipment Market
Technological advancements are a key trend gaining popularity in the water quality testing equipment market. 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. They are part of In-Situ's integrated ecosystem, which includes cables, handhelds, and communications. They are ideal for marine applications where biofouling is a major concern due to their established antifouling technology.
The Table Of Content For The Market Report 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. Water Quality Testing Equipment Market Size And Growth
…..
27. Water Quality Testing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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