Meticulous Research®—a leading global market research
firm—has released a 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."
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This publication forecasts that the water quality testing
market will reach $5.1 billion by 2030, with a compound annual growth rate
(CAGR) of 6.4% during the forecast period. Key drivers for this growth include
rapid population growth, urbanization, strict regulations on water quality,
diminishing freshwater resources, and the increasing incidence of waterborne
diseases. However, the high costs associated with water testing technologies
and local government reluctance to adopt new solutions may hinder market
expansion.
Additionally, advancements in water processing technologies
and rising research and development investments from organizations are expected
to create significant growth opportunities. Conversely, a shortage of trained
personnel and a lack of awareness about proper water testing practices may pose
challenges to market growth.
Meticulous Research® has segmented the market by offering,
test type, device type, product type, sector, and geography for thorough
analysis. The study also examines industry competitors and analyzes market
dynamics at regional and national levels.
By offering, the solutions segment is projected to capture
the largest market share in 2024, driven by the growing adoption of innovative
solutions and significant investments in water testing equipment research and
development.
In terms of test type, the physical test segment is expected
to dominate in 2024 due to the increasing use of advanced technologies focused
on developing physical testing kits.
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Regarding device type, the portable device segment is
anticipated to hold the largest share in 2024, fueled by rising demand for
portable water testing equipment suitable for field use or temporary labs to
analyze various contaminants.
For product type, the pH meter segment is projected to lead
in 2024, reflecting the rising adoption of pH meters across industrial sectors
and growing concerns about the effects of acidic or alkaline water in
industrial applications.
By sector, the industrial segment is expected to account for
the largest share in 2024, driven by industrialization, urbanization, dwindling
freshwater resources, and an increasing focus on water quality and public
health.
Geographically, the Asia-Pacific region is anticipated to
dominate the water quality testing market in 2024, thanks to factors such as
environmental degradation, declining clean water availability, rising
public-sector investments in water infrastructure, and growing research and
development expenditures.
**Key Players:**
Key players in the water quality testing market include
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.).
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