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Water Testing and Analysis Market: Rapid Industrialization in Emerging Economies Augur Well for Future 2024
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The report observes that water testing and analysis incorporates variety of tests that measure numerous attributes of water in order to determine its utility in various industries such as chemicals, pharmaceuticals, food and beverages, power, wastewater treatment, and electronics. As these industries have diverse range of requirements, these tests are performed in gaging a fair idea about the properties of water including radioactivity, conductivity, turbidity, dissolved gas content, and pH levels.
According to the report, high unmet needs in the above mentioned industries, particularly in the emerging economies, is escalating the demand in the global water testing and analysis market. Moreover, factors such as increasing government regulations for water quality, rapid industrialization and urbanization, and environmental concerns including pollution and water contamination are other factors augmenting the demand. However, factors such as reluctance of the end users to adopt new technology and the initial capital requirements are expected to hinder the growth rate during the forecast period.
The global water testing and analysis market can be segmented on the basis of product into TOC analyzer, dissolved oxygen meter, turbidity meter, pH meter, conductivity sensor, and others including ion analyzers, colorimeters, refractometers, spectrophotometers, temperature sensors, and radioactivity analyzers. Based on product type, the market can be categorized into portable, handheld, benchtop, and others including in-line, continuous, and multi-functional meters. By application, the market for water testing and analysis can be bifurcated into laboratory, industrial, government, environmental, and others including agriculture, household, and general applications. Geographically, the report studies the potential of the regions such as North America, Asia Pacific, and Europe.
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Some of the leading companies currently operating in global water testing and analysis market are General Electric Company, ABB Ltd,, Agilent Technologies Inc, Emerson Electric Co, Honeywell International Inc, Danaher Corporation, Global Treat, Inc., CHEMetrics, Inc., Eisenmann Corp, Horiba, Ltd, Myron L Company, Shimadzu Corporation, and Tintometer Gmbh.
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