Water Testing And Analysis Market Overview: Analysis & Growth Forecast 2024-2033

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The Water Testing And Analysis 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 Testing And Analysis Global Market Report 2024, The water testing and analysis market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. 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 $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. 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.

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, according to the 2021 SCRIP (Scientific Research Publishing) report, a China-based publishing company, each year, approximately 4 billion cases of waterborne diseases are reported all over the world, resulting in at least 1.8 million deaths, with 90% of cases involving children under the age of five. These deaths account for approximately 4% of all deaths and 18% of deaths in children under five in developing countries. Waterborne diseases account for an estimated 4.1% of the total daily global disease burden and kill 1.8 million people each year. The majority of deaths occur in children under the age of five in developing countries. Therefore, the rise in the prevalence of waterborne diseases is expected to drive the water testing and analysis market.

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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

In April 2023, HORIBA Advanced Techno Co. Ltd., a Japan-based provider of services and products in the measurement of water and other liquids, acquired Tethys Instruments SAS for an undisclosed amount. The acquisition improves market-ready solution offerings and analytical system research and development at HORIBA Advanced Techno Co. Ltd. to monitor water quality. Further, HORIBA Advanced Techno Co. Ltd. will benefit from Tethys’ expertise in UV spectroscopy, which creates positive synergy with HORIBA’s core capabilities in electrochemistry and sampling. Tethys Instruments SAS is a France-based manufacturer of measurement technologies for water quality measurements.

The water testing and analysis market report table of contents includes: