The Latin America water testing and analysis market size is expected to reach USD 0.47 billion in 2024, and is anticipated to reach USD 0.61 billion by 2029, growing at a CAGR of 5.3% from 2024 to 2029.
Water is an essential component for the daily life of humans as well as for manufacturing and cleaning purposes in the majority of industries. Due to various reasons, water gets contaminated by germs, chemicals, soil particles and many other factors. Groundwater is generally contaminated due to the leaching of chemicals, and surface water is contaminated by the diversion of wastewater from human and industrial consumption, soil erosion, and some other elements.
Contaminated water cannot be used for human consumption or industrial purposes. Hence, the water needs to be tested for its physical, chemical and biological characteristics such as turbidity, organic carbon, pH, dissolved oxygen, biochemical oxygen demand and conductivity. Several types of water testing equipment are available in the market and are suitable for different end users, ranging from industrial scale to in-house equipment.
Strict regulations on water standards by government organizations and increasing awareness regarding the usage of quality water in industries as well as in people have increased the demand for water testing equipment. Growing water consumption due to the increasing population and technological advances in water testing equipment is also expected to drive the market. However, high cost of equipment and lack of sufficient water testing infrastructure in emerging countries are restraining the market.
PH meters and DO materials are widely used products in laboratories and industries, and they are expected to lead the market.
Portable products are expected to be the largest market segment because of their wide usage. Handheld products are rapidly growing due to the ease of use.
The industrial applications segment holds the largest market share due to the strict water quality standards to be used for manufacturing and cleaning purposes.
Brazil leads the market due to the increasing awareness about the water quality standards.
General Electric Company, Thermo Fisher Scientific, Inc, Agilent Technologies Inc, Emerson Electric Co, Honeywell International Inc, Tintometer Gmbh, Danaher Corporation, Horiba, Ltd, Abb Ltd, Mettler-Toledo International Inc. these are the market players that are dominate the Latin America water testing and analysis market.
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