Table of Contents
The market for water testing & analysis is observed to be growing at a modest rate in developed economies such as Europe and North America as compared to developing regions due to the matured industrial & laboratory application sectors in the former. Laboratories are still major consumers of water testing & analysis and this application segment is expected to grow at a healthy rate. Increasing government regulations for water quality and rising environmental issues of water contamination and pollution increase the demand for water testing & analysis instruments are driving the market. The market for global water testing and analysis instruments is projected to grow at a CAGR of 5.2% to reach a value of $3.5 billion by 2019.
The Asia-Pacific region is projected to be the fastest-growing market for water testing & analysis, at a CAGR of 7.0% from 2014 to 2019. The industrial sector usage of water testing & analysis is comparatively higher in this region as compared to developed regions, which presents the water testing & analysis manufacturers and suppliers with immense untapped potential. Rapid urbanization & industrialization coupled with increasing stress on water quality in the developing Asia-Pacific regions are the key growth drivers for this region.
The market is dominated by many large companies and comprises various regional large- and medium-scale players. The key players identified in the spice industry are Danaher Corporation (U.S.), General Electric (U.S.), ABB Ltd. (U.S.), and Thermo Fisher Scientific (U.S.).
Source: Company Annual Reports, Spice Associations, Primary Interviews, and MarketsandMarkets Analysis
The segments of the water testing & analysis market considered for this study include product, product type, application, and region. All growth parameters in individual segments have been considered. The laboratory and industrial sectors held the majority share of the water testing & analysis market in the year 2013.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Global Water Meter Market: Overview The water meter market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The ...
About Industrial Water Purifiers Water purification is a process that changes used or polluted water to its natural state, making it suitable for various applications. This process uses different methods ...
About Water Quality Monitoring Equipment Fresh water is less than 1% of the total water available on earth. This percentage is declining due to a number of reasons that are mostly manmade, including depletion ...