Water Testing and Analysis Market - Global Industry Analysis

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Increasing demand for water in different application industries is expected to drive the global water testing and analysis market growth over the forecast period. Industries such as healthcare, food, and beverages, and pharmaceuticals require good quality water, which is anticipated to further drive the industry growth in the future years. It is mandatory for some industries to adhere to some strict rules and regulations to maintain water quality. Increase in the cases of water contamination and water poisoning that affect humans, animals, and the environment has made it mandatory for water testing and analysis. Rapid change in the technology that provides new and improved methods to study the parameter of water-quality is expected to further drive the industry growth. 

The growing awareness levels regarding measurement of water quality due to rising water pollution and increased government funding for monitoring and controlling pollution are the major driving factor for water testing and analysis market growth over the forecast period. However, technical limitations with the water monitoring products and high cost associated with environmental monitoring solutions may restrain industry growth in the future years. Moreover, increasing regulatory support for high standard maintenance is anticipated to further boost the water testing and analysis market. As per the Ministry of Water Resources India, the demand for water across industries in the country is expected to increase from 41.4 billion cubic meters in 2010 to 80 billion cubic meters by 2025, which includes industries such as energy. 

Based on the product, the water testing and analysis market are segmented into dissolved oxygen analyzers, turbidity meters, TOC analyzers, conductivity sensors and pH meters. On the basis of product type, the market is segmented into benchtop, portable, and handheld. Based on the application, the market is segmented into the laboratory, industrial, environmental, and government. 
       
North America held the major revenue share for the water testing and analysis market, in 2017. Rising investment by the government for water testing and analysis and private funding is one of the major factors which is expected to drive the water testing and analysis market growth in North America over the forecast timeframe. Furthermore, the presence of major industry players in the region such as Emerson Electric Co., Agilent Technologies Inc., Danaher Corporation, Honeywell International, among others is also boosting the market growth. The Asia Pacific is expected to contribute to a significant revenue share in 2017. Increasing demand for quality testing of water, advancements in testing technology and requirement of stringent regulations in the region are expected to drive the water testing and analysis market growth over the forecast period.  

Some of the major players operating in the water testing and analysis market are Emerson Electric Co., Danaher Corporation, Agilent Technologies Inc., Myron L Company, Global Treat, Inc., Horiba, Ltd., Shimadzu Corporation, ABB Ltd., CHEMetrics, Inc., Thermo Fisher Scientific, Inc., Tintometer GmbH, General Electric Company, Mettler-Toledo International Inc., Eisenmann Corp., and Honeywell International Inc.