Water Testing and Analysis Market – Global Industry Analysis, Size, Share, Trends & Forecast : 2024

ALBANY, New York, March 7, 2017 – Rapid urbanization with improved infrastructure and the consistent demand for safe drinking water are two of the most prominent factors driving the global water testing and analysis market, according to a study by Transparency Market Research (TMR). The report, titled “Water Testing and Analysis Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” examines the above mentioned as well as other factors that may influence the demand in the near future, and estimates the scenario of the market until 2024. The report has been prepared to act as a credible document for the players in this market, helping them in making more informed business decisions. To present a picture of the competitive landscape, the report also profiles a number of prominent players of the market for water testing and analysis.
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The report observes that water testing and analysis incorporates variety of tests that measure numerous attributes of water in order to determine its utility in various industries such as chemicals, pharmaceuticals, food and beverages, power, wastewater treatment, and electronics. As these industries have diverse range of requirements, these tests are performed in gaging a fair idea about the properties of water including radioactivity, conductivity, turbidity, dissolved gas content, and pH levels.

According to the report, high unmet needs in the above mentioned industries, particularly in the emerging economies, is escalating the demand in the global water testing and analysis market. Moreover, factors such as increasing government regulations for water quality, rapid industrialization and urbanization, and environmental concerns including pollution and water contamination are other factors augmenting the demand. However, factors such as reluctance of the end users to adopt new technology and the initial capital requirements are expected to hinder the growth rate during the forecast period.

The global water testing and analysis market can be segmented on the basis of product into TOC analyzer, dissolved oxygen meter, turbidity meter, pH meter, conductivity sensor, and others including ion analyzers, colorimeters, refractometers, spectrophotometers, temperature sensors, and radioactivity analyzers. Based on product type, the market can be categorized into portable, handheld, benchtop, and others including in-line, continuous, and multi-functional meters. By application, the market for water testing and analysis can be bifurcated into laboratory, industrial, government, environmental, and others including agriculture, household, and general applications. Geographically, the report studies the potential of the regions such as North America, Asia Pacific, and Europe.

 

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Some of the leading companies currently operating in global water testing and analysis market are General Electric Company, ABB Ltd,, Agilent Technologies Inc, Emerson Electric Co, Honeywell International Inc, Danaher Corporation, Global Treat, Inc., CHEMetrics, Inc., Eisenmann Corp, Horiba, Ltd, Myron L Company, Shimadzu Corporation, and Tintometer Gmbh.

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