Global Water Testing And Analysis Market to Reach $5.7 Billion by 2029, Growing at 6.7% CAGR

How Are the key drivers contributing to the expansion of the water testing and analysis market?
The proliferation of waterborne illnesses is fostering the expansion of the water testing and analysis market. Diseases triggered by contaminated drinking water precisely with disease-carrying microorganisms like bacteria, viruses, protozoa, and intestinal parasites are termed waterborne diseases. For instance, the World Health Organization, located in Switzerland, reported in July 2022, that around 829,000 individuals globally succumb to death yearly due to diarrheal diseases associated with unsafe or insufficient provision of drinking water, sanitation, and hygiene, also known as WASH conditions. Thus, the escalating occurrence of waterborne diseases is anticipated to propel the growth of the water testing and analysis market.

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What growth opportunities are expected to drive the water testing and analysis market's CAGR through 2034?
In recent times, there has been a significant increase in the size of the water testing and analysis market. It is set to escalate from $4.13 billion in 2024 to $4.39 billion in 2025 with a growth rate of 6.3% on a compound annual basis. The notable growth observed during the historic period is due to strict regulations on water quality, increasing awareness of diseases caused by waterborne pathogens, monitoring of industrial pollution and waste, expansion in agricultural practices, as well as urban and infrastructure development.

The market value for water testing and analysis is set to witness a significant growth in the coming years, expanding to an estimated $5.7 billion by 2029 with a 6.7% compound annual growth rate (CAGR). This projected increase over the forecast period can be linked to several factors including global population expansion and water scarcity, heightened awareness around novel contaminants, a focus on recycling water in industry, the effects of climate change on water availability, and government-directed water management schemes. Key trends during this period are anticipated to include a heightened focus on new contaminants and micro-pollutants, utilization of drones and remote monitoring for water surveillance, collaborations between tech providers and water utilities, the launch of real-time water quality reporting, and an escalated focus on water recycling and reuse.

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What are the emerging trends shaping the future of the water testing and analysis market?
The increasing adoption of SaaS (solutions-as-a-service) based platforms is a recent trend in the water testing and analysis market. Water testing enterprises are progressively utilizing SaaS platforms to provide internet-based services such as water quality supervision, EHS conformity, and carbon reporting. The SaaS delivery model functions when a software distributor allows access to its software and operates remotely as a web-supported service. Various firms are providing SaaS to water testing and management firms to enhance their operations. For example, Waters Corporation, a US-based analytical laboratory instrument manufacturing firm, unveiled a new Software-as-a-Service (SaaS) application named 'waters connect System Monitoring' in January 2023. This application is intended for high-volume quality assurance/quality control (QA/QC) laboratories.

Which growth-oriented segments of the water testing and analysis market are leading the industry's development?
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

Subsegments:
1) By TOC Analyzer: Online TOC Analyzers, Portable TOC Analyzers
2) By pH Meter: Benchtop pH Meters, Portable pH Meters
3) By Dissolved Oxygen Meter: Portable Dissolved Oxygen Meters, Benchtop Dissolved Oxygen Meters
4) By Conductivity Sensor: Portable Conductivity Meters, Fixed Conductivity Sensors
5) By Turbidity Meter: Portable Turbidity Meters, Laboratory Turbidity Meters
6) By Other Types: Total Hardness Test Kits, Chlorine Meters, Nutrient Analyzers

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Which geographical regions are pioneering growth in the water testing and analysis market?
North America was the largest region in the water testing and analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global water testing and analysis market during the forecast period. The regions covered in the water testing and analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the water testing and analysis market?
Major companies operating in the water testing and analysis market include 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., Thermo Fisher Scientific Inc., Tintometer GmbH

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What Is Covered In The Water Testing And Analysis Global Market Report?

•Market Size Forecast: Examine the water testing and analysis market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the water testing and analysis market for a structured understanding.
•Key Players Overview: Analyze major players in the water testing and analysis market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the water testing and analysis market.
•Segment Contributions: Evaluate how different segments drive overall growth in the water testing and analysis market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the water testing and analysis market.
•Industry Challenges: Identify potential risks and obstacles affecting the water testing and analysis market.
•Competitive Landscape: Review strategic developments in the water testing and analysis market, including expansions, agreements, and new product launches.

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