Press release
Water Quality Testing Market - Global Forecast to 2030
Meticulous Research®-a leading global market research firm-has released a report titled "Water Quality Testing Market by Offering, Test Type (Physical Test, Chemical Test), Device Type, Product Type (pH Meter, TOC Analyzer), Sector (Laboratory, Government, Environmental Institutes, Industrial Sector) - Global Forecast to 2030."Download Research Report Sample @ https://www.meticulousresearch.com/download-sample-report/cp_id=5501
This publication forecasts that the water quality testing market will reach $5.1 billion by 2030, with a compound annual growth rate (CAGR) of 6.4% during the forecast period. Key drivers for this growth include rapid population growth, urbanization, strict regulations on water quality, diminishing freshwater resources, and the increasing incidence of waterborne diseases. However, the high costs associated with water testing technologies and local government reluctance to adopt new solutions may hinder market expansion.
Additionally, advancements in water processing technologies and rising research and development investments from organizations are expected to create significant growth opportunities. Conversely, a shortage of trained personnel and a lack of awareness about proper water testing practices may pose challenges to market growth.
Meticulous Research® has segmented the market by offering, test type, device type, product type, sector, and geography for thorough analysis. The study also examines industry competitors and analyzes market dynamics at regional and national levels.
By offering, the solutions segment is projected to capture the largest market share in 2024, driven by the growing adoption of innovative solutions and significant investments in water testing equipment research and development.
In terms of test type, the physical test segment is expected to dominate in 2024 due to the increasing use of advanced technologies focused on developing physical testing kits.
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Regarding device type, the portable device segment is anticipated to hold the largest share in 2024, fueled by rising demand for portable water testing equipment suitable for field use or temporary labs to analyze various contaminants.
For product type, the pH meter segment is projected to lead in 2024, reflecting the rising adoption of pH meters across industrial sectors and growing concerns about the effects of acidic or alkaline water in industrial applications.
By sector, the industrial segment is expected to account for the largest share in 2024, driven by industrialization, urbanization, dwindling freshwater resources, and an increasing focus on water quality and public health.
Geographically, the Asia-Pacific region is anticipated to dominate the water quality testing market in 2024, thanks to factors such as environmental degradation, declining clean water availability, rising public-sector investments in water infrastructure, and growing research and development expenditures.
**Key Players:**
Key players in the water quality testing market include Horiba, Ltd. (Japan), Mettler-Toledo International, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), Tintometer GmbH (Germany), Bureau Veritas (France), Neogen Corporation (U.S.), ALS Limited (Australia), LaMotte Company (U.S.), SGS Société Générale de Surveillance SA (France), Eurofins Scientific SE (Luxembourg), Intertek Group plc (U.K.), Chemetrics, Inc. (U.S.), Geotech Environmental Equipment Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Applied Membranes, Inc. (U.S.).
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