The Business Research Company’s report on the Water Testing And Analysis Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the water testing and analysis market’s growth in recent years?
The rise in the prevalence of waterborne diseases is contributing to the growth of the water testing and analysis market. Waterborne diseases are diseases caused when drinking water is contaminated with pathogenic microorganisms like protozoa, viruses, bacteria, and intestinal parasites. For instance, in July 2022, according to World Health Organization, a Switzerland-based health organization, globally, 829,000 people die annually from diarrheal diseases linked to unsafe or insufficient drinking water, sanitation, and hygiene (WASH) conditions. Therefore, the rise in the prevalence of waterborne diseases is expected to drive the water testing and analysis market.
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How does the future projection of the water testing and analysis market size compare to its historical growth?
The water testing and analysis market size has grown strongly in recent years. It will grow from $4.13 billion in 2024 to $4.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to stringent water quality regulations, growing concerns about waterborne diseases, industrial pollution and effluent monitoring, expanding agricultural practices, urbanization and infrastructure development.
The water testing and analysis market size is expected to see strong growth in the next few years. It will grow to $5.7 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to global population growth and water scarcity, rising awareness of emerging contaminants, focus on industrial water recycling, impact of climate change on water resources, government initiatives for water management. Major trends in the forecast period include focus on emerging contaminants and micropollutants, use of drones and remote sensing for water monitoring, collaboration between technology providers and water utilities, implementation of real-time water quality reporting, increasing emphasis on water recycling and reuse.
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Which key players are shaping the future of the water testing and analysis market?
Major companies operating in the water testing and analysis market include General Electric Company, Veolia Environnement SA, Honeywell International Inc., Danaher Corporation, ABB Ltd., Daikin Industries Ltd., Johnson Controls International plc, Carrier Global Corporation, Emersion Electric Co, Suez SA, Eurofins Scientific SE, SGS S.A., Agilent Technologies Inc., Bureau Veritas AS, Lennox International Inc., Charles River Laboratories, Mettler-Toledo International Inc., Endress+Hauser Management AG, Intertek Group plc, Shimadzu Corporation, TUV SUD EV, UL LLC, Horiba Ltd., ALS Limited, Neogen Corporation, NSF International, Merieux NutriSciences Corp., Thermo Fisher Scientific Inc., Tintometer GmbH
What trends will propel the growth and evolution of the water testing and analysis market?
The use of SaaS (solutions-as-a-service)-based platforms is a recent trend gaining popularity in the water testing and analysis market. The use of SaaS platforms is increasing in water testing companies to deliver online services such as water quality management, EHS compliance, and carbon reporting. The SaaS delivery model operates when a software vendor provides access to its software and works remotely as a web-based service. Many companies are offering SaaS to water testing and management companies to improve their operations. For instance, in January 2023, Waters Corporation, a US-based analytical laboratory instrument manufacturing company, launched a new Software-as-a-Service (SaaS) application called waters connect System Monitoring. This application is designed for high-volume quality assurance/quality control (QA/QC) laboratories.
Which regions are expected to become dominant players in the water testing and analysis market?
North America was the largest region in the water testing and analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global water testing and analysis market during the forecast period. The regions covered in the water testing and analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the water testing and analysis market, and how are they evolving?
The water testing and analysis market covered in this report is segmented –
1) By Type: TOC Analyzer, PH Meter, Dissolved Oxygen Meter, Conductivity Sensor, Turbidity Meter, Other Types
2) By Test Type: Physicochemical Analysis, Bacteriological Testing
3) By Method: Membrane Filter, Multiple Tube Dilution, Visual Comparison Method, Spectrometric Method, Titration Method, Other Methods
4) By End User: Pharmaceutical, Power, Semiconductor, Food And Beverage, Mining, Refineries, Metals, Chemicals, Environmental, Other End Users
Subsegments:
1) By TOC Analyzer: Online TOC Analyzers, Portable TOC Analyzers
2) By pH Meter: Benchtop pH Meters, Portable pH Meters
3) By Dissolved Oxygen Meter: Portable Dissolved Oxygen Meters, Benchtop Dissolved Oxygen Meters
4) By Conductivity Sensor: Portable Conductivity Meters, Fixed Conductivity Sensors
5) By Turbidity Meter: Portable Turbidity Meters, Laboratory Turbidity Meters
6) By Other Types: Total Hardness Test Kits, Chlorine Meters, Nutrient Analyzers
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How is the water testing and analysis market defined?
Water testing and analysis refers to the process of determining the quality of water. Water testing and analysis are used to measure the properties of water, such as turbidity, dissolved gas content, radioactivity, and water conductivity. Water quality is critical to many industries and activities, including agriculture, fisheries, electronics, food, pharmaceutical aquaculture, and forestry.
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