The Water Quality Testing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Water Quality Testing Equipment Global Market Report 2024, The water quality testing equipment market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to regulatory compliance, industrialization impact, public health concerns, environmental awareness.
The water quality testing equipment market size is expected to see strong growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to global water crisis, urbanization and infrastructure development, industrial compliance, climate change impact. Major trends in the forecast period include technological advancements, decentralized testing solutions, data analytics and ai integration, remote monitoring and cloud-based solutions, multi-parameter testing.
Increasing instances of water contamination are expected to propel the growth of the water quality testing equipment market going forward. Water contamination refers to the spreading of pollutants into subterranean groundwater or into bodies of water such as lakes, streams, rivers, estuaries, and seas to the point that they obstruct ecosystems’ ability to operate naturally or people’s ability to use the water for good. Water quality testing equipment is used to identify contaminants and evaluate different aspects of water quality. It aids in determining the presence and concentrations of numerous compounds and contaminants in water sources. For instance, in July 2023, according to the Environment Agency, a UK-based non-departmental public body, about 2,026 instances involving sewage and water supply infrastructure were reported, up from 1,883 in 2021. The majority of the 368 instances impacting water supply assets (345 in 2022 compared to 189 in 2021) were from the water distribution system. From 1,883 in 2021 to 2,026 in 2022, there were more pollution incidents (caused by sewage and water supply infrastructure). Therefore, the increasing instances of water contamination are driving the growth of the quality testing equipment market.
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The water quality testing equipment market covered in this report is segmented –
1) By Device Type: Stationary Or Bench-Top, Portable
2) By Test Type: pH (Power of hydrogen) Test, Dissolved Oxygen Test, Conductivity Test, Turbidity Test, TDC (Tissue Dielectric Constant) Tests
3) By End User: Industrial, Commercial, Government, Other End Users
Top Major Players:
General Electric Compan
Thermo Fisher Scientific Inc
Danaher Corporation
ABB Ltd.
Emerson Electric Co
North America was the largest region in the water quality testing equipment market in 2023.
Technological advancements are a key trend gaining popularity in the water quality testing equipment market. Major companies operating in the water quality testing equipment market are focused on adopting new technologies to sustain their position in the market. For instance, in June 2023, In-Situ Inc., a US-based developer and producer of water treatment equipment, announced the launch of Aqua TROLL 700 and 800 Multiparameter Sondes, new multiparameter water quality instruments for providing long-term continuous monitoring of water. Six Aqua TROLL sensors and an automated antifouling wiper are included in the Aqua TROLL 700 and 800. These two instruments are extremely successful in freshwater, brackish, and saltwater environments for continuous long-term monitoring and spot checks. They are part of In-Situ’s integrated ecosystem, which includes cables, handhelds, and communications. They are ideal for marine applications where biofouling is a major concern due to their established antifouling technology.
The water quality testing equipment market report table of contents includes:
1. Executive Summary
2. Water Quality Testing Equipment Market Characteristics
3. Water Quality Testing Equipment Market Trends And Strategies
4. Water Quality Testing Equipment Market – Macro Economic Scenario
5. Global Water Quality Testing Equipment Market Size and Growth
….
32. Global Water Quality Testing Equipment Market Competitive Benchmarking
33. Global Water Quality Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water Quality Testing Equipment Market
35. Water Quality Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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