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Water Quality Testing Market by Offering, Test Type (Physical Test, Chemical Test), Device Type, Product Type (pH Meter, TOC Analyzer), Sector (Laboratory, Government, Environmental Institutes, Industrial Sector) - Global Forecast to 2030
Report ID: MRSE - 104817 Pages: 250 Jun-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 72 Hours Download Free Sample ReportThe Water Quality Testing Market is projected to reach $5.1 billion by 2030, at a CAGR of 6.4% from 2024 to 2030.The growth of the water quality testing market is driven by rapid population growth, urbanization, stringent legislation on maintaining water quality and increasing prevalence of waterborne diseases. However, the reluctance of local government bodies to adopt new technologies may restrain the market's growth.
Furthermore, innovative water processing technologies are expected to offer significant growth opportunities for the water quality testing market. However, the lack of trained laborers & experts and the lack of awareness of the appropriate usage of water testing techniques may hinder the growth of this market.
Waterborne diseases are caused by various microorganisms, biotoxins, and toxic contaminants, leading to illnesses such as cholera, schistosomiasis, and gastrointestinal problems. Outbreaks of waterborne diseases often occur after a severe precipitation event (rainfall, snowfall). Climate changes increase the severity and frequency of major precipitation events. Communities, especially in developing countries, face elevated risks from waterborne diseases.
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The most common manifestation and cause of mortality in waterborne diseases was dehydration due to loss of electrolytes through vomiting or diarrhea. According to the WHO, around 1.1 billion people worldwide do not have access to improved water supply sources, whereas 2.4 billion people do not have improved sanitation facilities. More than 3.4 million people die yearly due to water-related diseases, making it the leading cause of morbidity and mortality worldwide.
The risk from waterborne pathogens can be controlled through integrated processes such as risk analysis or hazard assessment and control. Water quality testing is done to analyze water quality and is carried out to fulfill regulatory requirements and maintain safety to reduce the number of cases to acceptable levels. After water quality testing, water treatment processes remove, kill, or neutralize many pollutants and disease-causing organisms. The water treatment involves the removal of solid waste; a combination of filtration and biological and chemical processes for bacterial treatment; and finally, disinfection treatment such as chlorination, ozonation, UV treatment, or other chemical agents to neutralize pathogens that manage to survive previous treatment processes.
With these new and advanced water testing kits, it is possible to analyze and reduce waterborne diseases. Thus, the growing prevalence of waterborne diseases drives the adoption of water quality testing equipment, thereby accelerating the growth of the global water quality testing market.
The Solutions Segment to Register the Highest CAGR During the Forecast Period
Based on offering, the solutions segment is slated to register the highest CAGR during the forecast period. The growing adoption of innovative & advanced solutions and high investments in the R&D of water testing equipment are key driving factors promoting the segment's growth.
In 2024, the Physical Test Segment is Expected to Dominate the Water Quality Testing Market
Based on test type, in 2024, the physical test segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to the increasing adoption of advanced technologies that mainly focus on developing physical testing kits.
The Portable Device Segment to Register the Highest CAGR During the Forecast Period
Based on device type, the portable device segment is slated to register the highest CAGR during the forecast period. The increasing demand for portable water testing equipment that can be carried out in the field or in a temporary laboratory to analyze physical, chemical, and microbiological contaminants drives this segment's growth.
In 2024, the pH Meter Segment is Expected to Dominate the Water Quality Testing Market
Based on product type, in 2024, the pH meter segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to the increasing adoption of pH meters in various industrial sectors and the rising concerns about the adverse effects of acidic or alkaline water in industrial settings.
The Industrial Sector Segment to Register the Highest CAGR During the Forecast Period
Based on sector, the industrial sector segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to increasing industrialization and urbanization, declining freshwater resources, and a rising focus on water quality and public health.
Asia-Pacific to Register the Highest CAGR During the Forecast Period
Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid market growth in Asia-Pacific is attributed to increasing environmental deterioration, declining availability of clean water, rising public-sector investment in water infrastructure, and growing research & development expenditures.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the water quality testing market study are Horiba, Ltd. (Japan), Mettler-Toledo International, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), Tintometer GmbH (Germany), Bureau Veritas (France), Neogen Corporation (U.S.), ALS Limited (Australia), LaMotte Company (U.S.), SGS Société Générale de Surveillance SA (France), Eurofins Scientific SE (Luxembourg), Intertek Group plc (U.K.), Chemetrics, Inc. (U.S.), Geotech Environmental Equipment Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Applied Membranes, Inc. (U.S.).
Scope of the Report:
Water Quality Testing Market Assessment, by Offering
Water Quality Testing Market Assessment, by Test Type
Water Quality Testing Market Assessment, by Device Type
Water Quality Testing Market Assessment, by Product Type
Water Quality Testing Market Assessment, by Sector
Water Quality Testing Market Assessment, by Geography
Key questions answered in the report:
The global water quality testing market is projected to reach $5.1 billion by 2030, at a CAGR of 6.4% during the forecast period.
The growth of the water quality testing market is driven by rapid population growth, urbanization, stringent legislation on maintaining water quality, lack of freshwater resources, and increasing prevalence of waterborne diseases.
Furthermore, innovative water processing technologies and organizations' rising R&D expenditure are expected to offer significant growth opportunities for this market.
The key players operating in the global water quality testing market are Horiba, Ltd. (Japan), Mettler-Toledo International, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), Tintometer GmbH (Germany), Bureau Veritas (France), Neogen Corporation (U.S.), ALS Limited (Australia), LaMotte Company (U.S.), SGS Société Générale de Surveillance SA (France), Eurofins Scientific SE (Luxembourg), Intertek Group plc (U.K.), Chemetrics, Inc. (U.S.), Geotech Environmental Equipment Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Applied Membranes, Inc. (U.S.).
Currently, Asia-Pacific dominates the global water quality testing market. This market is also projected to register the highest CAGR during the forecast period.
Published Date: May-2024
Published Date: Oct-2024
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