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.
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.
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 METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
5.2% |
Segments Covered |
By Product, Product Type, Application, Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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. |
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 their 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.
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.
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.
By Product
By Product Type
By Application
By Region
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