Market Size –
The bottled water testing equipment market size has grown strongly in recent years. It will grow from <b>$6.75 billion in 2023 to $7.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. </b> The growth in the historic period can be attributed to global growth in bottled water consumption, prevalence of waterborne diseases, expansion of bottled water industry, consumer preferences for purified water, risk of chemical contaminants.quality assurance in bottling plants.
The bottled water testing equipment market size is expected to see strong growth in the next few years. It will grow to <b>$9.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. </b> The growth in the forecast period can be attributed to water quality monitoring regulations, focus on sustainable water packaging, expansion of premium water segments, government funding for water safety, increasing bottled water export/import. Major trends in the forecast period include technological advancements, portable and on-site testing solutions, multi-parameter testing devices, focus on microbiological testing, adoption of spectroscopy techniques, e-commerce platforms for equipment procurement.
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Scope Of Bottled Water Testing Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bottled Water Testing Equipment Market Overview
Market Drivers –
A rapid increase in the consumption of bottled water is expected to propel the growth of the bottled water testing equipment market. Bottled water is a type of water that has been treated to make it extremely clean or originates from a unique location. The discontent with the taste of tap water and issues about the safety of drinking tap water have increased the consumption of bottled water. Bottled water testing equipment is used to provide clean water and reduce contamination compared to regular water. Furthermore, according to the International Bottled Water Association, a US-based trade association, Americans consumed 15 billion gallons of bottled water in 2021, a 4.2% increase from 2019. Additionally, the retail dollar sales of bottled water increased by 4.7% to $36.3 billion in 2020. Therefore, a rapid increase in the consumption of bottled water is expected to drive the bottled water testing equipment market.
Market Trends –
Technological developments in the water testing industry are a key trend gaining popularity in the bottled water testing equipment market. Major players in the bottled water testing equipment market are focusing their efforts on creating innovative technology for water purification to sustain their position. For instance, in April 2022, Veolia Water Technologies, Inc., a France-based company specializing in water testing and environmental management solutions, launched The Barrel. The barrel is an innovative reverse osmosis (RO) technology that is plug-and-play. This technology is used for wastewater treatment, desalination—ideal for low-pressure RO applications—and wastewater reuse to provide fresh and pure water for various applications.
The bottled water testing equipment market covered in this report is segmented –
1) By Technology: Traditional, Rapid
2) By Component: Instruments, Consumables And Reagents, Reference Materials
3) By Test Type: Microbiological, Physical, Chemical, Radiological
4) By Application: Laboratory, Industrial, Environmental, Government
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Regional Insights –
North America was the largest region in the bottled water testing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bottled water testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bottled water testing equipment market report are Agilent Technologies Inc., Bio-Rad Laboratories Inc., Lamotte Company Inc., Accepta Ltd., PerkinElmer Inc., Thermo Fisher Scientific Inc., Danaher Corporation, Shimadzu Corporation, LaMotte Chemical Products Company, Hach Company, Tintometer India Pvt. Ltd., Palintest Ltd., Hanna Instruments Inc., Horiba Ltd., Endress+Hauser AG, Xylem Inc., YSI Inc., Metrohm India Private Ltd., Myron L Company, AquaPhoenix Scientific Inc., Aqua Solutions Inc., Aqua Systems Inc., AquaPro Solutions LLC., Applied Membranes Inc., Aquascience Technologies LLC, AquaLabo, Aquatech International LLC, Beckman Coulter Inc., CEM Corporation, CHEMetrics Inc., Cole-Parmer Instrument Company, EMD Millipore Corporation
Table of Contents
1. Executive Summary
2. Bottled Water Testing Equipment Market Report Structure
3. Bottled Water Testing Equipment Market Trends And Strategies
4. Bottled Water Testing Equipment Market – Macro Economic Scenario
5. Bottled Water Testing Equipment Market Size And Growth
…..
27. Bottled Water Testing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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