The Bottled Water Testing Equipment Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Bottled Water Testing Equipment Market is estimated to be USD 5.1 billion in 2016 and predicted to rise to USD 6.65 billion by 2021 with a CAGR of 5.45%. The market is segmented by Technology (Traditional, Rapid (Spectroscopy, Chromatography, Testing Kits, Others)), by Test Type (Chemical, Physical, Microbial, Radiological), by Component (Instruments, Reference Materials, Consumables & Reagents). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
There are many factors affecting the market, some in a positive way and others in negative. The factors driving the growth of the market include rising need for quality test of water, technological advancements, increase in bottled water consumption and lastly the need for stringent regulations. Factors acting as restraints for the market include, high investment in R&D, high equipment cost and adverse impact on environment.
The global market for bottled water testing equipment is segmented based on technology, test type and component. Based on technology the market is dominated by rapid technology. Further based on components, consumable & reagent hold the largest share in the market and are expected to be the fastest growing ones as well. Lastly, on the basis of test type, chemical test type is the largest as well as the fastest growing segment in the market.
According to the geographical analysis, the market has been segmented under various region across the globe. North America, was estimated to lead the market share in 2016, followed by the shares of Asia-Pacific and Europe. On the other hand, Asia-Pacific is the fastest growing region among all an is expected to be neck to neck with North America, in terms of share by the end of 2021.
The market has seen participation from a lot of companies in the competition for market share. Some of the major ones, which are discussed in the report are, Bio-Rad Laboratories Inc., Waters Corporation, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Perkinelmer Inc., Sigma-Aldrich Corporation, Accepta, Restek, Lamotte Company.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-bottled-water-testing-equipment-market-2388/” and checkout our recent reports in the Processed category at http://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.