According to a new market research report titled, ‘Water
Quality Testing Market by Offering, Test Type (Physical Test, Chemical
Test), Device Type, Product Type (pH Meter, TOC Analyzer), Sector (Laboratory,
Government, Environmental Institutes, Industrial Sector)—Global Forecast to
2030,’ the water quality testing market is projected to reach $5.1 billion by
2030, at a CAGR of 6.4% during the forecast period of 2023 to 2030.
The main goal of testing water quality is to protect humans
and the ecosystem from harmful and toxic elements found in water. Water testing
facilities use various processes (e.g., physical, chemical, and biological) to
test industrial and municipal wastewater, identify contaminants, and analyze
the polluted water. The test helps ensure that the water used in various
sectors is safe.
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In recent years, the rapid population growth and
urbanization, the growing emphasis on water quality and public health, the
increasing prevalence of water-borne diseases, the increase in industrial
demand, and stringent governmental regulations on treating wastewater have
boosted the demand for water quality testing equipment.
In this market study, all recent dynamics associated with
water quality testing were thoroughly analyzed to precisely estimate the future
of the water quality testing market. This study also includes profiling key
water quality testing stakeholders and segmenting them based on their market
standings.
Based on offering, in 2023, the solutions segment is
expected to account for the larger share of the water quality testing market.
The large market share of this segment is attributed to the growing adoption of
innovative & advanced solutions and high investments in the R&D of
water testing equipment. This segment is also projected to register the highest
CAGR during the forecast period.
Based on test type, in 2023, the physical test segment is
expected to account for the largest share of the water quality testing market.
The large market share of this segment is attributed to the increasing adoption
of advanced technologies that mainly focus on developing physical testing kits.
However, the chemical test segment is projected to register the highest CAGR
during the forecast period.
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Based on device type, in 2023, the portable device segment
is expected to account for the largest share of the water quality testing
market. The large market share of this segment is attributed to the increasing
demand for portable water testing equipment that can be carried out in the
field or in a temporary laboratory to analyze physical, chemical, and
microbiological contaminants. This segment is also projected to register the
highest CAGR during the forecast period.
Based on product type, in 2023, the pH meter segment is
expected to account for the largest share of the water quality testing market.
The large market share of this segment is attributed to the increasing adoption
of pH meters in various industrial sectors and the rising concerns about the
adverse effects of acidic or alkaline water in industrial settings. However,
the TOC analyzer segment is projected to register the highest CAGR during the
forecast period.
Based on sector, in 2023, the industrial sector segment is
expected to account for the largest share of the Water quality testing market.
The large market share of this segment is attributed to increasing
industrialization and urbanization, declining freshwater resources, and a
rising focus on water quality and public health. This segment is also projected
to register the highest CAGR during the forecast period.
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Based on geography, in 2023, Asia-Pacific is expected to
account for the largest share of the global water quality testing market.
Asia-Pacific’s significant market share can be attributed to various factors,
including the increasing environmental deterioration, declining availability of
clean water, rising public-sector investment in water infrastructure, and
growing research and development expenditures. This market is also projected to
register the highest CAGR during the forecast period.
The key players operating in the water quality testing
market are Horiba, Ltd. (Japan), Mettler-Toledo International, Inc. (U.S.),
Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), Tintometer
GmbH (Germany), Bureau Veritas (France), Neogen Corporation (U.S.), ALS Limited
(Australia), LaMotte Company (U.S.), SGS Société Générale de Surveillance SA
(France), Eurofins Scientific SE (Luxembourg), Intertek Group plc (U.K.),
Chemetrics, Inc. (U.S.), Geotech Environmental Equipment Inc. (U.S.), Agilent
Technologies, Inc. (U.S.), and Applied Membranes, Inc. (U.S.).
To gain more insights into the market with a detailed
table of content and figures, click here: https://www.meticulousresearch.com/product/water-quality-testing-market-5501?utm_source=blogs&utm_medium=social&utm_campaign=product&utm_content=21-07-2023
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