Water Testing and Analysis Market - Global Industry Analysis

Water Testing and Analysis Market By Product [TOC Analyzer, PH Meter, Dissolved Oxygen Meter, Conductivity Sensor, Turbidity Meter, Others (Conductivity Meters, Colorimeters, Spectrophotometers, Refractometers, Ion Analyzers, Temperature Sensors, And Radioactivity Analyzers)], By Product Type [Portable, Handheld, Benchtop, Others (Continuous, In-Line, And Multi-Functional Meters)], By Application [Laboratory, Industrial, Environmental, Government, Others (Agricultural, Household And General Applications)], and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 18-Apr-2022 Category: Chemical & Materials Report Format : PDF Pages: 169 Report Code: ZMR-466 Status : Published

The global Water Testing and Analysis market size was worth around USD 4,281.97 billion in 2021 and is estimated to grow to about USD 6,039.76 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.

Description

Water Testing and Analysis Market Size And Industry Analysis

The global Water Testing and Analysis market was worth around USD 4,281.97 billion in 2021 and is estimated to grow to about USD 6,039.76 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the Water Testing and Analysis market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Water Testing and Analysis market.

Water Testing and Analysis Market: Overview

Water Testing and Analysis are crucial to determine the quality of water that can be used for multiple purposes such as drinking, use in industries, and day-to-day life activities. As the population increases the demand for potable water will also increase and substantially bolster the need for Water Testing and Analysis services on a global scale and this is expected to majorly influence Water Testing and Analysis market potential through the forecast period.  

Water testing provides insights on qualities such as alkalinity, acidity, turbidity, water conductivity, and radioactivity which helps in deciding the use of water and avoids waste of water in multiple industries. Water analysis systems are deployed in multiple industries to check the quality of water to decide its appropriate use and application, these systems are highly popular in mining, pharmaceuticals, food and beverages, aquaculture, etc.

However, the lack of efficient water infrastructure and high costs of Water Testing and Analysis equipment will act as a restraining factor for the Water Testing and Analysis market over the forecast period.

COVID-19 Impact:

The COVID-19 pandemic resulted in multiple restrictions across the globe which restricted multiple activities and Water Testing and Analysis market was also one of them. The Water Testing and Analysis market experienced a drop in growth curve as the restrictions made it impossible to implement new testing and analysis techniques and shuttering of multiple institutions also led to a negative growth curve in 2020.  

Closure of multiple industries due to lack of skilled workforce and shortage of raw materials also had a negative impact on the Water Testing and Analysis market as this decreased the deployment of Water Testing and Analysis systems in these industries and hence resulted in losses.

In the post-pandemic era as the world returns to normal and industrial activity springs back to normal, we are expected to see the Water Testing and Analysis market rise at a steady pace.

Water Testing and Analysis Market: Growth Drivers

Stringent Water Treatment Regulations to Boost Water Testing and Analysis Services Demand

Wastewater contains multiple harmful elements and toxic chemicals that are harmful to the environment and human health and has a major negative impact on the global population to avoid these complications governments across the world are implementing new regulations to ensure proper treatment of water before disposal or use. This will majorly increase the demand for Water Testing and Analysis solutions and services and hence drive the Water Testing and Analysis market growth through 2028.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Water Testing and Analysis Market: Restraints

High Cost of Equipment and Less Developed Water Infrastructure to Restrain Market Growth

Water Testing and analysis market will see steady growth through 2028 but the high cost of equipment will have a major restraining effect on the global Water Testing and Analysis market potential. This will be a major obstacle for Water Testing and Analysis market growth in economies with low spending potential and hence constrain global Water Testing and Analysis market potential. The lack of developed water infrastructure will also have an adverse impact on the Water Testing and Analysis market growth through 2028.

Global Water Testing and Analysis Market: Segmentation

The global Water Testing and Analysis market is segregated based on product, product type, application, and region.

By Application, the Water Testing and Analysis market is segmented into laboratory, industrial, environmental, government, and others (agricultural, household and general applications). The rising industrialization on a global scale will propel the demand from industrial segment and is expected to be a major segment in the global Water Testing and Analysis market landscape.  

Recent Developments

  • In 2021 – Irish Water appointed Intertek to create a new water quality model in collaboration with Nicholas O’Dwyer Ltd. This partnership will be tasked to deliver a Strategic Modelling Study of Cork Harbour and help analyse the impact of water activities in Cork Harbour.

Regional Landscape

The market for Water Testing and Analysis in North America will be holding a dominant stance over the forecast period. This can be attributed to the presence of a developed water analysis and testing infrastructure and rapid technology adoption to boost water quality in multiple applications through the forecast period. The United States is expected to be the most prominent market in this region owing to the rising demand for water testing in the nation due to stringent government regulations and the presence of key manufacturing companies in the nation.

Asia Pacific region will see a swift increase in demand owing to rising demand for water from a growing population, rapid industrialization, and strict government laws to ensure water quality before use or disposal. The Europe Water Testing and Analysis market is also anticipated to hold a prominent market share in the global Water Testing and Analysis industry over the forecast period.

Competitive Landscape

Some of the main competitors dominating the global Water Testing and Analysis market include - Abb Ltd. General Electric Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Tintometer Gmbh, Agilent Technologies Inc., Danaher Corporation, Emerson Electric Co., Horiba, Ltd., Honeywell International Inc., Mettler-Toledo International Inc., Shimadzu Corporation.

Global Water Testing and Analysis market is segmented as follows:

By Product

  • TOC Analyzer
  • PH Meter
  • Dissolved Oxygen Meter
  • Conductivity Sensor
  • Turbidity Meter
  • Others (conductivity meters, colorimeters, spectrophotometers, refractometers, ion analyzers, temperature sensors, and radioactivity analyzers)

By Product Type

  • Portable
  • Handheld
  • Benchtop
  • Others (continuous, in-line, and multi-functional meters)

By Application

  • Laboratory
  • Industrial
  • Environmental
  • Government
  • Others (agricultural, household and general applications)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

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. 

Global Water Testing and Analysis Market

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.  

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FrequentlyAsked Questions

Increasing demand for water analysis and testing, rising population, and increasing demand for water quality testing in industries are some major trends that guide Water Testing and Analysis market growth.

According to the Zion Market Research report, the global Water Testing and Analysis market size was worth about US$ 4,281.97 billion in 2021 and is predicted to grow to around US$ 6,039.76 billion by 2028, with a compound annual growth rate (CAGR) of around 5.9 percent.

The market for Water Testing and Analysis in North America will be holding a dominant stance over the forecast period. This can be attributed to the presence of a developed water analysis and testing infrastructure

Some of the main competitors dominating the global Water Testing and Analysis market include -- Abb Ltd. General Electric Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Tintometer Gmbh, Agilent Technologies Inc., Danaher Corporation, Emerson Electric Co., Horiba, Ltd., Honeywell International Inc., Mettler-Toledo International Inc., Shimadzu Corporation

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