Water Testing Equipment Market to See 5.4% Annual Growth Through 2023

October 24, 2018

WELLESLEY, Mass., Oct. 24, 2018–Stressed water supplies, discharge of sewage and industrial effluents into the waterways, and government regulations demanding clean water are three factors helping to drive the global water testing equipment market, according to a report by BCC Research.

The industry expects to see a compound annual growth rate (CAGR) of 5.4% through 2023, when it is expected to reach nearly $5 billion, according to the report Water Testing Equipment: Global Markets to 2023.

Major players in the market include ABB (ABB), Thermo Fisher Scientific, Mettler-Toledo International (MTD), Agilent Technologies (A), Danaher (DHR), Emerson Electric (EMR), Waters Corp. and SUEZ (SZEVF).

Research Highlights

• Demand for turbidity meters and dissolved oxygen meters dominated the market due to increasing incidences of sewage and industrial effluent discharge into water. The total organic carbon analyzer segment is projected to grow at a CAGR of 5.7% through 2023.
• Key players in the water industry are increasing their global reach by establishing local laboratories. The benchtop equipment segment holds largest share in the market at 41% due to the increasing number of water testing laboratories around the world.
• Water demand from the food and beverage and pharmaceutical industries will keep growing thanks to the increasing global population, which demands more food and medicine annually. As the usage of water increases, demand for water testing equipment is projected to grow at a CAGR of 5.6% through 2023.

 “The global water testing equipment market is growing, creating new opportunities for companies, laboratories and other organizations to commercialize their products, start collaborations for knowledge and technology transfers, and solve water quality problems,” the report notes. “Besides emerging countries like China and Brazil, the United States also offers opportunities in the field of water quality testing. This study provides an outlook for the global water testing equipment market by describing key facts of the market, water quality policy, and water-related projects and companies.”

Increasingly Stringent Government Regulations Will Shape Industry’s Future

Increasingly stringent local, state and national regulations will shape the industry in coming years, the report adds, as will increased public awareness about the importance of preserving natural ecosystems. These factors will drive the demand for more accurate, more mobile and faster testing instruments. Online instrumentation, once a specialty portion of the market, is poised for noteworthy growth.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Water Testing Equipment: Global Markets to 2023( IAS139A )
Publish Date: Oct 2018    

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