Overview and Scope
Water testing equipment refers to devices and tools designed for analyzing and assessing water quality to preserve human health, safeguard the environment, and uphold water source quality. By effectively utilizing these instruments, organizations can make informed choices concerning water treatment, resource management, and adherence to regulations.
Sizing and Forecast
The water testing equipment market size has grown strongly in recent years. It will grow from $4.38 billion in 2023 to $4.70 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 and urbanization, environmental awareness, public health concerns, economic development.
The water testing equipment market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing global water scarcity, expansion of industrial activities, research and development, aging water infrastructure, emerging contaminants. Major trends in the forecast period include technological advancements, increasing stringency of water quality regulations, rise in demand for point-of-use testing, focus on emerging contaminants, expansion in developing regions.
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Segmentation & Regional Insights
The water testing equipment market covered in this report is segmented –
1) By Device Type: Stationary Or Bench-Top, Portable
2) By Test Type: pH Test, Dissolved Oxygen Test, Conductivity Test, Turbidity Test, T.D.C. Tests (Total Dissolved Content)
3) By Technology: Electrochemistry, Molecular Spectroscopy, Atomic Spectroscopy, Chromatography And Mass Spectrometry, Process Analyzers
4) By Application: Industrial, Environmental, Laboratory, Government
Asia-Pacific was the largest region in the water testing equipment market in 2023. The regions covered in the water testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for bottled water is expected to propel the growth of the water testing equipment market going forward. Bottled water is drinking water packaged in bottles or containers, typically made of plastic, glass, or other materials, for commercial sale and consumption. Concerns over water quality, convenience, and lifestyle choices drive the rising demand for bottled water. Water testing equipment is used for quality assurance in bottled water production, ensuring that water meets regulatory standards and is free from contaminants before packaging and distribution. For instance, according to Beverage Marketing Corporation, a US-based data and financial services company, the total volume of bottled water increased from 15.7 billion gallons in 2021 to 15.9 billion gallons in 2022, reflecting a growth rate of 1.1%. Therefore, the rising demand for bottled water is driving the growth of the water testing equipment market.
Key Industry Players
Major companies operating in the water testing equipment market are General Electric Company, DENSO CORPORATION, Thermo Fisher Scientific Inc., Honeywell International Inc., 3M Company, Danaher Corporation, ABB Ltd., Merck KGaA, Emerson Electric Co., SGS SA, AMETEK Inc., Xylem Inc., Teledyne Technologies Incorporated, Eurofins Scientific SE, Mettler-Toledo International Inc., PerkinElmer Inc., Horiba Ltd., Hanna Instruments, AlphaSense Inc., Figaro Engineering Inc., Environmental Express, Tintometer GmbH, Alpha MOS
The water testing equipment market report table of contents includes:
1. Executive Summary
2. Water Testing Equipment Market Characteristics
3. Water Testing Equipment Market Trends And Strategies
4. Water Testing Equipment Market – Macro Economic Scenario
5. Global Water Testing Equipment Market Size and Growth
…
32. Global Water Testing Equipment Market Competitive Benchmarking
33. Global Water Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water Testing Equipment Market
35. Water Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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