Water Testing Equipment Market By Testing Parameters (Physical Parameter, Chemical Parameter, Biological Parameter), By Product Type (Portable, Handheld, Bechntop, Disposable), By End-User (Research & Development, Industrial, Environment, Government, Healthcare, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

Water being the most important and rapidly depleting resource on the planet, the equipment required to test water quality has grown steadily, reaching a market value of US$ 3.38 billion in 2017. The market is expected to reach US$ 5.60 billion in 2026, growing at a 5.8% annual rate between 2018 and 2026. Exploration of new water sources and treatment of wastewater are the two biggest factors encouraging the need for water testing equipment, and the need is not expected to cease anytime soon in the coming years. Consequently, the demand for water testing equipment is only expected to grow along with its market value.

Market Synopsis

Close Quarters Separates the Three Water Testing Equipment by Stiff Confrontation

All three types of testing equipment, segmented by testing parameters, ran in close quarters in terms of market value in 2017. All three factors, including physical, chemical, and biological factors, play a major role in quantifying the quality of the water tested. Physical factors such as pH, total dissolved solids (TDS), turbidity, hardness, and total organic carbon (TOC), among others, are measured by physical parameter water testing equipment and are extensively used for residential, industrial, pharmaceutical, and municipal water quality checks. Chemical parameter checks, which include detecting heavy and hazardous metals and other chemical element molecules, are critical in industries, healthcare, and the pharmaceuticals sector. Although on the expensive side, biological parameter water testing equipment tests coliforms, biological oxygen demand (BOD), and chemical oxygen demand (COD).

Handheld equipment made its way through other product types to claim its supremacy.

Handheld and portable water testing equipment lead the market in terms of market value. Handheld equipment is the most widely used equipment across different end-use sectors owing to its convenience and small size. Although the testing range of such equipment is limited to some degree compared to portable and benchtop equipment, handheld equipment is preferred by most end-users, including those in the industrial, hospitality, and agricultural sectors. Portable equipment trails handheld equipment by a close margin. In terms of accuracy and precision, benchtop equipment beats other variants and is hence extensively used in research and development and by healthcare end-users. Despite all factors, handled water testing equipment is projected to expand at a considerable rate owing to this rate of adoption across several end-use applications.

Healthcare end-users are the biggest allies of the water testing equipment market.

Healthcare end-users dominate the global market for water testing equipment, followed by government and industrial end-users. Different sectors in healthcare, including pharmaceuticals and water treatment, are the major consumers of water testing equipment. These sectors require optimum quality of water to be used for healthcare services, and any deviation can lead to serious repercussions. The government also contributes considerably to the overall market share. Government incorporation of water testing equipment for checking the public water supply and wastewater treatment facilities boosted the procurement of equipment under this segment. Industrial manufacturing and processing, research and development, and environmental organizations also have a considerable share in the water testing equipment market.

Lifted Water Testing Equipment Market in North America Strict Regulation and Additional Quality Checks at Every Level

In terms of market value, America led the global market for water testing equipment in 2017. It was followed by Europe and Asia-Pacific. North America, including the U.S. and Canada, has strict regulations and guidelines with respect to the quality of water. The quality of the water is checked for consumption and usage at every step, and no deviation from the standard value is accepted in these countries. This encouraged the procurement of advanced water testing equipment for precise and accurate output at regular intervals. Europe claims a recognizable share as almost all the countries in Europe follow the European Drinking Water Directive for water safety. A growing population increased awareness, and a scarcity of drinking water concentrates are ideal conditions for the growth of the Asia Pacific water testing equipment market. Consequently, Asia Pacific is projected to grow with the fastest CAGR throughout the forecast period from 2018 to 2026.

Market Segmentation

In the coming years, water testing equipment manufacturers will face fierce competition.

Manufacturers of water testing equipment are expected to face intense competition in order to remain competitive, with some of the market's top companies participating. Companies are constantly updating their product portfolios with advanced and more precise testing capabilities. The continual introduction of state-of-the-art products encouraged companies to find new avenues to maintain their market position. Some of the water testing equipment manufacturing giants profiled in this research study include ABB Ltd., General Electric Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Emerson Electric Co., Honeywell International Inc., Global Treat Inc., Horiba Ltd., Shimadzu Corporation, Agilent Technologies Inc., Tintometer Gmbh, and Mettler-Toledo International Inc., among others.

Key questions are answered in this report.

  • What are the most recent trends in the water testing equipment market, as well as potential opportunities for market participants?
  • How will government regulation and a scarcity of clean water affect the global and regional markets for water testing equipment?
  • Which is the largest and fastest-growing segment in terms of testing parameters, product type, and end-user?
  • Which is the most attractive geographical region or country for the overall market for water testing equipment?
  • How will global warming issues play a vital role in the overall water testing equipment market in the coming years?
  • What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Frequently Asked Questions:

The market for Water Testing Equipment Market is expected to reach US$ 5.60 Bn 2026.

The Water Testing Equipment Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

ABB Ltd., General Electric Company, Danaher Corporation, Thermo Fisher Scientific, Inc., Emerson Electric Co., Honeywell International Inc., Global Treat Inc., Horiba Ltd., Shimadzu Corporation, Agilent Technologies Inc., Tintometer Gmbh are some of the major players in the global market.

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Published Date:  Sep 2018
Category:  Technology & Media
Report ID:   59326
Report Format:   PDF
Pages:   120
Rating:    4.1 (56)
Delivery Time: 24 Hours to 48 Hours   
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