According to Custom Market Insights (CMI), The Global Water Testing and Analysis Market was valued at USD 4.5 billion in 2021 and is projected to account for around USD 8 billion by 2030.
The estimated CAGR is approximately 6% between 2022 and 2030. The report further provides an overview of drivers, restraints, and opportunities present in the Water Testing and Analysis market. Moreover, the report examines the global competitive analysis of the Water Testing and Analysis market.
The key purpose of the Global Water Testing and Analysis Market report is to deliver industry investors, company leaders, private equity companies, and stakeholders comprehensive information facilitating them to make informed strategic decisions concerning the changes in the Water Testing and Analysis market throughout the world.
Water Testing and Analysis Market: Overview
Many industries, including refineries, mining, semiconductors, pharmaceuticals, metals, food and beverage, and many others, use water testing. Water must be free of any pollutants because it plays such a significant role in the pharmaceutical industry. Since ultrapure water is needed for manufacturing and cleaning, water testing is significant in the electronics industry. In the electronics industry, water is tested for salinity. The amount of salt in the water may be determined, which assists with power production.
Browse the full “Water Testing and Analysis Market Size, Trends and Insights By Type (Portable, Handheld, Benchtop, Others), By Product (Dissolved Oxygen Meter, TOC Analyzer, Conductivity Meter, PH meter, Turbidity Meter, Others), By Application (Industrial, Government, Laboratory, Environment, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/water-testing-and-analysis/
Typhoid, dysentery, and cholera cases are on the rise, which is significantly influencing market expansion. The World Health Organization (WHO) estimates that between 11 and 20 million people worldwide have typhoid each year, and that figure is anticipated to grow. One of the main drivers for the market over the forecast period is anticipated to be the fact that 1.7 billion people worldwide lack access to drinkable water.
Chemically tested water is being used more frequently as a result of rising regulatory backing and laws for high-quality maintenance of food and beverage items, pharmaceuticals, and other businesses.
The market for Water Testing and Analysis is segmented into type, product, and application. Based on type, the market segment with the largest share in 2021 was portable, which is anticipated to expand at the highest long-term CAGR throughout the forecast period. Utilizing specially created products, portable water testing is used to analyze the physical, chemical, and microbiological pollutants in the field or a temporary laboratory.
Based on the product, in 2021, the pH meter led the market and is anticipated to expand at a long-term CAGR during the projection period. An electronic device called a pH meter is used to gauge the hydrogen-ion activity (also known as acidity or basicity) of water. Two probes and a digital coil pH meter make up the majority of pH meters. A pH meter might only have one probe. Two probes on a pH meter can function as two separate electrodes.
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By 2030, North America will hold a significant market for the water testing and analysis sector due to the growing effects of waterborne diseases in nations like the United States. The CDC estimates that approximately 7.2 million Americans contract illnesses each year that are transmitted through water. Additionally, the region’s adoption of water testing protocols will be prompted by the strong demand for copper from a variety of uses, including electric vehicles, and the ensuing rise in mining activities.
Competitive Landscape/ Key Players Insights
The players operating in the Water Testing and Analysis market are adopting strategies such as acquisitions & mergers, product launches & expansions, and collaborations & partnerships, to efficiently compete in the Water Testing and Analysis market. The global market is moderately fragmented and highly competitive. The players also focus on expanding their geographical reach by partnering with local distributors/players.
Some of the prominent players
- Thermo Fisher Scientific
- Danaher Corporation
- Agilent Technologies
- Emerson Electric Co
- Honeywell International Inc
- Shimadzu Corporation
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