Research Water Testing and Analysis Market Growth 2016 - 2024

Water, a universal solvent is one of the most important commodities on Earth. Not only does it sustain life, industrial products have a water footprint as well. Almost all manufactured goods require water at some stage of the production process including extraction of raw materials, processing, manufacturing, maintenance of finished goods, and for disposal or reuse.

The world’s industrial use of water is about 22%, of which 59% is utilized by high-income countries and 8% by low-income countries. With the increase in industrial production, the annual water volume consumption in industries will increase at an enormous rate. As per the UN World Water Development Report, about 300-500 million tons of heavy metals, toxic sludge, solvents, and other wastes are collected each year from industrial sources, most of which mix into freshwater.

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Q. What necessitates water testing for industrial use?

A. Water can dissolve the highest number of substances and compounds than any other solvent on Earth, which increases the probability of unwanted components mixing with water. Water is required to have a neutral pH of 7 to be certified as being pure. If the ideal characteristics (pH, color, or consistency) of water are altered in any way, it is regarded as being contaminated. Water testing and analysis is performed to determine the usability of water in several industries such as food and beverage, electronics, wastewater treatment, chemicals, pharmaceuticals, and power generation. Each of these industries has specific requirements from water testing and analysis services that has led to the availability of a diverse range of equipment and procedures for carrying out water testing.

Q. How important is water testing for human health?

A. Several industries such as food and beverage and pharmaceuticals that directly influence human health need to rely on quality water testing services. The increasing awareness among consumers about the grade of water used in industries that affect human health is a major factor driving the global market for water testing and analysis services. Regulatory reforms for maintaining high water quality standards in industries that directly affect human health is also benefitting the growth of this market.

Q. How will the global water testing and analysis market perform in the future?

A. Companies that operate in the global water testing and analysis market will benefit mainly from industries that have a direct impact on human health. In particular, players in this market will benefit by meeting the water quality testing needs in developing countries. In developing countries, the lack of regulatory support both in theory and practice for industrial water testing leaves high unmet needs to be fulfilled. This will open large-scale opportunities for players in this market to capitalize on.

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Q. Are developed countries exporters of water testing and analysis technology?

A. Yes. Developed regions such as North America and Europe, which dominate the global water testing and analysis services market, are exporters of this technology to the developing economies in Asia Pacific and the Middle East. However, in the coming years, these regions are anticipated to become self-sufficient in water testing and analysis owing to the increased government support. Consequently, these regions are expected to display a strong CAGR in the water testing and analysis market in the near future.

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