Water Testing and Analysis Market: Global Industry Analysis and Forecast (2023-2029)

Global Water Testing and Analysis Market size was valued at US$ 4928.27 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 6.13% from 2023 to 2029, reaching nearly US$ 7474.16 Mn.
Water Testing and Analysis Market Overview:
Water Testing and Analysis Market is expected to reach US$ 7474.16 Mn. by 2029. It is a technique for determining the water's quality. To assess the health of the water, it must be tested on a regular basis. Water testing and analysis are used to detect turbidity, dissolved gas concentration, and water conductivity, among other things. Agriculture, fishery, electronics, food, pharmaceutical aquaculture, and forestry are just a few of the sectors and activities that rely on clean water. Water tests can be divided into two categories: physiochemical and bacteriological. This report focuses on the different segments of the Water Testing and Analysis market (Type, Product Type, Application, and Region).

The leading industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are used to highlight the primary data analysis from 2018 to 2022. The market drivers, restraints, opportunities, and challenges for Water Testing and Analysis are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Water Testing and Analysis market.To know about the Research Methodology:-Request Free Sample Report
Market Dynamics:
High levels of lead in drinking water can cause serious neurological issues. The current method of evaluating lead levels is to send samples to laboratories equipped with detecting technology. This is a time-consuming and expensive treatment. As a result, companies are developing a portable gadget that can detect lead levels in drinking water and may be used in conjunction with a smartphone. The demand for Water Testing and Analysis is expected to be driven by this process, which will deliver quick, accurate findings at a low cost.

Typhoid, jaundice, and other water-borne disorders are major market drivers. The growing awareness of water quality in industrial and environmental settings is driving the Water Testing and Analysis Market. As a result of wastewater generated by environmental regions and other sectors, water testing and analysis are growing increasingly prevalent.

Aside from that, as a result of technological advancements, the Water Testing and Analysis Market is focusing on using AI and machine learning techniques such as neural networks and video analytics to detect optical features of water such as colour, odour, motion, and other impurities, which is expected to boost demand. Growing awareness about water quality in industries that directly impact human life, such as food and beverage and pharmaceuticals, is a driving factor driving the Water Testing and Analysis Market.

A positive feature driving the Water Testing and Analysis Market is growing regulatory support for maintaining high water quality standards in the industries mentioned above. Despite the fact that there are numerous important drivers, there are few limitations that is expected to limit the market's growth. However, due to high equipment prices and a lack of suitable water testing infrastructure, the market in emerging countries is limited.
Water Testing and Analysis Market Segment Analysis:
The Water Testing and Analysis Market is segmented by Type, Product Type, and Application.

Based on the Type, the market is segmented into Handheld, Portable, Benchtop, and Others. Portable water testing segment is expected to hold the largest market share of xx% by 2029. By using specially designed products, portable water testing can be used to analyse physical, chemical, and microbiological contaminants in the field or in an interim laboratory.

Benchtop water testing segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The LMPWM-A30 Benchtop multi-parameter water quality metre has numerous measurement modes for water quality and testing on various parameters. The pH, conductivity, and TDS concentration of the test sample are all measured. It can store and recall up to 500 data sets.

Based on the Product Type, the market is segmented into TOC Analyzer, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, PH meter, and others. PH meter segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. A pH metre is an electronic device that measures the activity of hydrogen ions in water (acidity or basicity). A pH metre typically consists of two parts: a digital coil pH metre and two probes. One probe may be seen on some pH metres. If the pH metre contains two probes, they can each be used as an electrode.

The major end-users of pH meters in the market are water and wastewater. Standard applications, such as chromium wastewater treatment and aquaculture, rely largely on accurate pH and ORP readings to satisfy mandated safety requirements, and are driving market demand.

Sustainable energy projects and water treatment activities have increased significantly in regions such as North America, Europe, and Asia-Pacific. Desalination activities are gaining popularity among municipalities and industrial sectors in the case of water treatment, resulting in a high demand for pH meters in the market.Based on the Application, the market is segmented into Industrial, Laboratory, Government, Environment, and Others. Industrial segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The segment's growth can be attributed to the significant demand for clean water in a number of end-use industries, such as mining, chemical & electronics, pharmaceutical, food & beverage, and metal manufacturing.
Regional Insights:
Asia Pacific region is expected to dominate the Water Testing and Analysis Market during the forecast period 2022-2029. Asia Pacific region is expected to hold the largest market share of xx% by 2029. The governments of emerging countries such as India and China are placing strict rules on the use of water in various food and beverage items, providing a barrier to entry for enterprises producing food, beverage, and pharmaceutical products, where the use of tested water is the most common. Governments encourage these businesses to install water testing equipment in their facilities and test water in accordance with established standards.

Over the last few years, the market has benefited from rising health awareness and government support initiatives to ensure water safety for both consumption and industrial reasons. Furthermore, rising water contamination as a result of rising urban trash and climate changes is a critical concern that is expected to drive the Asia-Pacific water testing and analysis market during the forecast period.The objective of the report is to present a comprehensive analysis of the Global Water Testing and Analysis Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Water Testing and Analysis Market dynamic and structure by analyzing the market segments and projecting the Global Water Testing and Analysis Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Water Testing and Analysis Market make the report investor’s guide.
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Water Testing and Analysis Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4928.27 Mn.


Forecast Period 2023 to 2029 CAGR:
6.13%
Market Size in 2029:
US $ 7474.16 Mn.


 Segments Covered:
by Type
Handheld
Portable
Benchtop
Others


by Product Type
TOC Analyzer
Dissolved Oxygen Meter
Conductivity Meter
Turbidity Meter
PH meter
Others


by Application
Industrial
Laboratory
Government
Environment
Others



Water Testing and Analysis Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Water Testing and Analysis Market Key Players are:
1. GE Power & Water
2. Global Treat, Inc.
3. Horiba Ltd
4. Shimadzu Corporation
5. Thermo Fisher Scientific Inc.
6. APEC Water Systems
7. Galgo (UK) Limited
8. Camlab Ltd
9. Alere, Inc.
10.Beckman Coulter, Inc
11.Becton
12.Dickinson and Company
13.Bio-Rad Laboratories, Inc.
14.F. Hoffmann-La Roche AG.
15.Emerson Electric Co.
16.Danaher Corporation
17.Agilent Technologies Inc.
18.Myron L Company
Frequently Asked Questions:
1] Which region is expected to hold the highest share in the Water Testing and Analysis Market?
Ans. Asia Pacific region is expected to hold the highest share in the Water Testing and Analysis Market.

2] Who are the top key players in the Water Testing and Analysis Market?
Ans. GE Power & Water, Global Treat, Inc., Horiba Ltd, Shimadzu Corporation, Thermo Fisher Scientific Inc., and APEC Water Systems are the top key players in the market.

3] Which segment is expected to hold the largest market share in the Water Testing and Analysis Market by 2029?
Ans. Portable water testing segment is expected to hold the largest market share in the Water Testing and Analysis Market by 2029.

4] What is the market size of the Water Testing and Analysis Market by 2029?
Ans. The market size of the market is expected to reach US $ 7474.16 Mn. by 2029.

5] What was the market size of the Water Testing and Analysis Market in 2022?
Ans. The market size of the market was worth US $ 4928.27 Mn. in 2022.