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Water Testing & Analysis Market by Product, Product Type, Application & Region - Global Trends & Forecast to 2019

Water Testing & Analysis Market: Forecast until 2019

  • March 2015
  • 183 pages
  • ID: 2840484
In this report:
Emerson signed an agreement to acquire SPX Corporation's ##.## percent minority interest in EGS Electrical Group, giving Emerson ## percent ownership of the business.
The environmental and government water testing & analysis application segments are expected to grow at a CAGR of ##.##% and ##.##%, respectively, during the review period.
Asia-Pacific is expected to grow at the highest CAGR of ##.##% to reach a value of $##.## million by 2019.

Summary

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The industry for water testing & study is observed to be increasing at a modest rate in developed economies including Europe and North America continent as distinguished to developing regions due to the matured industrial & laboratory application industries in the former. Laboratories are still main consumers of water testing & review and this application segment is anticipated to grow at a healthy rate. Growing government regulations for water quality and increasing environmental issues of water contamination and pollution growth the industry demand for water testing & analysis instruments are driving the sector. The industry for overall water testing and analysis instruments is expected to grow at a CAGR (Compound annual growth rate) of 5.20 percent to reach a value of $3.50B by 2019.

The Asia Pacific (APAC) area is forecasted to be the quickest developing market for water testing & study, at a compound annual growth rate (CAGR) of 7.00 percent from 2014 to 2019. The industrial sector usage of water testing & review is comparatively higher in this area as distinguished to developed regions, which presents the water testing & analysis manufacturers and providers with immense untapped potential. Quick urbanization & industrialization along rising stress on water quality in the developing Asia-Pacific regions are the top increase drivers for this area.

The sector is leaded by, is monopolized by many big firms and comprises different regional large- and medium-scale actors. The top players identified in the spice sector are Danaher (NYSE:DHR), General Electric (NYSE:GE), ABB Ltd. (NYSE:ABB), and Thermo Fisher Scientific.

Source: Company Annual Reports, Spice Associations, Primary Interviews, and MarketsandMarkets Analysis

The segments of the water testing & analysis market considered for this analysis contain product, product class, application, and area. All increase parameters in individual segments have been considered. The laboratory and industrial markets held the majority share of the water testing & analysis market in the year 2013.

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