Water testing and
analysis market has generated revenue of $4.06 billion in 2017. It
projected to register growth at 6.7% CAGR to reach $5.9 billion by
Browse 75 Market Tables, 178 Figures spread through 153 slides and an in-depth TOC on “Water Testing and Analysis Market (2018 - 2023)”
Europe continues to lead the market share
Europe is the largest market by revenue for
Water testing and analysis. The European market for this product type
was estimated to be $1.522 billion in 2017. The Europe portable
testing equipment market is forecast to grow at a CAGR of 6.3% and is
forecast to reach $2.169 billion by 2023. The water facilities in
Germany and U.K. accounts for the highest share of advanced water
testing and treatment with very low distribution losses compared to
other developed countries. With the increased usage of water testing
equipment as well as water testing and analysis through online
technology, the European region is estimated to be the market leader
for the next five years.
Americas is leading with the second position
followed by Asia-Pacific. But, in terms of growth rate Asia-Pacific
is leading the market with highest CAGR of 7.6% during the forecast
period followed by Americas and Europe.
Selected / Sample Analysis done in the
major end user of this market is for the industrial purpose where
huge quantities are used on daily basis all over the globe. In
industries the water is reused after the treatment and at this stage
the testing and analysis equipment plays a major role. With the
highest revenue of $1.90 billion, the industrial segment was leading
the market in 2017 and projected to reach $2.786 billion by 2023 at
Excerpts on Market Growth Factors
Mentioned in the Full Report:
The stringent government regulations in the
Americas and water scarcity are the main drivers for the increase in
demand for water testing and analysis in this region.
The escalating awareness about the importance
of water quality monitoring is the key driver for the water testing
market in the wastewater management industry.
The major drivers of the market are product
miniaturization and increasing demand for quicker screening in
industries such as pharmaceutical.
The key driving factors for the growth of
water testing and analysis market are rapid industrialization,
growing water needs in developing countries and government stringent
regulations on safe water.
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Key Players of the Water Testing and Analysis Market:
Danaher Corporation, Thermo Fisher Scientific,
Inc, Agilent Technologies Inc, General Electric Company, and ABB Ltd
are the top five key companies in the Water testing and analysis
market. General Electric Company holds largest share in terms of
revenue in the water testing market followed by ABB Ltd and Danaher
Corporation. General Electric Company invested highest share of
capital for R&D to enhance and improve its product portfolio.
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