Rising water pollution concerns, increasing government investments and growing awareness about water safety to propel growth in global water testing & analysis market through 2024
According to TechSci Research Report “Global Water Testing & Analysis Market By Type, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2014-2024”, the global water testing & analysis market is projected to reach around $ 4 billion by 2024, owing to increasing water pollution due to discharge of untreated industrial effluents in water bodies. Moreover, increasing number of government initiatives towards good water quality, rising industrialization and urbanization, and growing awareness about the consumption of safe water are some of the other factors expected to fuel the market in the coming years. Declining water quality is a major concern in various developing as well as developed economies across Europe, North America and Asia-Pacific.
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Some of the major players operating in global water testing & analysis market are ABB Limited, Suez SA, Danaher Corporation, Thermo Fisher Scientific and Emerson Electric Company. Growing government investments to deal with environmental issues, in addition to increasing funding and technological advancements in the field of water testing & analysis, is expected to have a positive impact on the market in the coming years. Based on the type, TOC analyzer segment dominated global water testing & analysis market in 2018, and the segment is expected to maintain its market dominance in coming years, owing to its ability of testing dissolved oxygen in water bodies to determine pollution levels in water bodies.
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“Europe accounts for the largest market share in the global water testing & analysis market, owing to stringent regulations implemented by governments across the region on discharge of effluents and wastewater treatment. However, in coming years, Asia-Pacific is expected to register the fastest growth, on the back of growing population, urbanization and pollution coupled with climate change effects, such as persistent droughts, which are impacting water supply and its quality in the region. As a result, high demand for water testing & analysis equipment from highly populated countries such as China and India is expected to emanate during the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Water Testing & Analysis Market By Type, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2014-2024’’ has evaluated the future growth potential of water testing & analysis market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in global water testing & analysis market.
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