Water Testing And Analysis Market

Global Water Testing and Analysis Market Size (2024 to 2032)

The water testing and analysis market was expected to be valued at USD 3.8 billion in 2023 and is anticipated to reach USD 4.00 billion in 2024 from USD 6 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032. 

CURRENT SCENARIO OF THE GLOBAL WATER TESTING AND ANALYSIS MARKET

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 suitable for different end-users ranging from industrial scale to in-house equipment.

MARKET DRIVERS AND RESTRAINTS

Growing water consumption due to the increasing population and technological advances in water testing equipment is also expected to drive the market.

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. However, the high cost of equipment and lack of sufficient water testing infrastructure in emerging countries are restraining the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Water Testing and Analysis Market By Product

PH meters and DO materials are widely used products in laboratories and industries, and they are expected to lead the market.

Global Water Testing and Analysis Market By Product Type

Portable products are expected to be the largest market segment because of their wide usage. Handheld products are rapidly growing due to their ease of use.

Global Water Testing and Analysis Market By Application

The industrial applications segment holds the largest market share due to the strict water quality standards to be used for manufacturing and cleaning purposes.

REGIONAL ANALYSIS

North America leads the Water Testing and Analysis market followed by Europe due to the availability of vast infrastructure in developed countries of this region and also due to the large number of industries. Asia Pacific is expected to be the fastest-growing segment due to the increasing awareness regarding water quality, and it also presents many opportunities due to many unmet needs in water testing equipment.

KEY PLAYERS IN THE GLOBAL WATER TESTING AND ANALYSIS MARKET

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. are some of the market players dominating the global water testing and analysis market.

DETAILED SEGMENTATION OF THE GLOBAL WATER TESTING AND ANALYSIS MARKET INCLUDED IN THIS REPORT

This research report on the global water testing and analysis market is segment and sub-segmented based on By Product, Product Type, Application and Region.

By Product

• TOC analyzer
• PH meter
• DO meter
• Conductivity sensor
• Turbidity meter
• Other products

By Product Type

• Portable
• Handheld
• Benchtop
• others

By Application

• Laboratory
• Industrial
• Environmental
• Government
• other applications

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa