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Water Testing Equipment Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
Water Testing Equipment Market
Water Testing Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.97 Bn In 2028 At A CAGR Of 6.2% :
The water testing equipment market size has grown strongly in recent years. It will grow from $4.38 billion in 2023 to $4.70 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 and urbanization, environmental awareness, public health concerns, economic development.
The water testing equipment market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing global water scarcity, expansion of industrial activities, research and development, aging water infrastructure, emerging contaminants. Major trends in the forecast period include technological advancements, increasing stringency of water quality regulations, rise in demand for point-of-use testing, focus on emerging contaminants, expansion in developing regions.
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Water Testing Equipment Market Major Segments
The water testing equipment market covered in this report is segmented -
1) By Device Type: Stationary Or Bench-Top, Portable
2) By Test Type: pH Test, Dissolved Oxygen Test, Conductivity Test, Turbidity Test, T.D.C. Tests (Total Dissolved Content)
3) By Technology: Electrochemistry, Molecular Spectroscopy, Atomic Spectroscopy, Chromatography And Mass Spectrometry, Process Analyzers
4) By Application: Industrial, Environmental, Laboratory, Government
Key Driver - Increasing Demand For Bottled Water Fuels Growth In The Water Testing Equipment Market
The rising demand for bottled water is expected to propel the growth of the water testing equipment market going forward. Bottled water is drinking water packaged in bottles or containers, typically made of plastic, glass, or other materials, for commercial sale and consumption. Concerns over water quality, convenience, and lifestyle choices drive the rising demand for bottled water. Water testing equipment is used for quality assurance in bottled water production, ensuring that water meets regulatory standards and is free from contaminants before packaging and distribution. For instance, according to Beverage Marketing Corporation, a US-based data and financial services company, the total volume of bottled water increased from 15.7 billion gallons in 2021 to 15.9 billion gallons in 2022, reflecting a growth rate of 1.1%. Therefore, the rising demand for bottled water is driving the growth of the water testing equipment market.
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Prominent Trend - Portable Water Testing Devices Reshaping The Water Testing Equipment Market
Major companies operating in the water testing equipment market are developing portable water testing devices such as PE149 Portable Multiparameter Water Quality Analyzer to gain a competitive edge in the market. PE149 portable multiparameter water quality analyzer is a handheld or compact instrument designed to assess the quality and safety of water quickly and conveniently, often in various settings such as homes, laboratories, industrial facilities, or outdoor environments. For instance, in July 2023, ELICO Ltd., an India-based water testing services company, launched the PE149 Portable Multiparameter Water Quality Analyzer. This device offers a comprehensive solution for assessing drinking water quality, covering essential parameters such as pH, conductivity, turbidity, chloride, residual chlorine, total alkalinity, and total hardness. Its 5-inch high-resolution display and user-friendly interface simplify operation, while pre-calibration for water parameters simplifies testing. Connectivity options, including USB, Bluetooth, and NFC, facilitate seamless data transfer and analysis, supported by the device's built-in GPS tracker for precise location tagging of samples. It boasts a storage capacity for over 1000 samples, enhanced measurement accuracy through stable LED light sources, and support for multiple path lengths.
Water Testing Equipment Market Players
Major companies operating in the water testing equipment market are General Electric Company, DENSO CORPORATION, Thermo Fisher Scientific Inc., Honeywell International Inc., 3M Company, Danaher Corporation, ABB Ltd., Merck KGaA, Emerson Electric Co., SGS SA, AMETEK Inc., Xylem Inc., Teledyne Technologies Incorporated, Eurofins Scientific SE, Mettler-Toledo International Inc., PerkinElmer Inc., Horiba Ltd., Hanna Instruments, AlphaSense Inc., Figaro Engineering Inc., Environmental Express, Tintometer GmbH, Alpha MOS
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the water testing equipment market in 2023. The regions covered in the water testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Water Testing Equipment Market Report Structure
3. Water Testing Equipment Market Trends And Strategies
4. Water Testing Equipment Market - Macro Economic Scenario
5. Water Testing Equipment Market Size And Growth
…..
27. Water 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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