New York, NY, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Water Testing and Analysis Market by Product (TOC Analyzers, pH Meters, Dissolved Oxygen Analyzers, Conductivity Sensors, and Turbidity Meters), by Product Type (Portable, Handheld, and Benchtop), and by Application (Laboratory, Industrial, Environmental, and Government): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024” . According to the report, global water testing and analysis market was valued at approximately USD 3.2 billion in 2017 and is expected to generate revenue of around USD 4.5 billion by the end of 2024, growing at a CAGR of around 5.0% between 2017 and 2024.
The term "water quality" is used to describe microbiological, physical, and chemical properties of water for specific use. Dissolved substances are used to determine the properties of water. Water resources are subject to ever-increasing pollution pressure, the overgrowing demand of water for drinking purposes and other uses is expected to drive water testing and analysis market growth over the forecast period. The determination of the microbiological and chemical quality of water supplies is required to establish the need for and adequacy of treatment, and protect human health. The Department of Health, Water Affairs, and Forestry, in partnership with the Water Research Commission, embarked on a venture to produce various user-friendly guidelines for water. Environmental health officers are required to assess the domestic quality of water while it is being used or distributed.
Browse through 72 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Water Testing and Analysis Market: Industry Size, Share, Trends, Segments, Analysis and Forecast, 2017 - 2024”.
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Water quality is an important issue that is being faced in the past few decades. It is of major concern in regions such as eastern Massachusetts, which is water-rich with various rivers, streams, lakes, and ponds. The Massachusetts Water Resources Authority (MWRA), provides safe drinking water and are engaged in upgrading sewage treatment for 2.5 million people and 5,500 industries. Increased knowledge about diseases and environment protection and requirement of strict legislation such as Clean Water Act and Safe Drinking Water Act are influencing people to concentrate on water quality. Such factors are expected to drive the industry growth over the forecast period. The water testing and analysis market are segmented on the basis of the product which is further divided into dissolved oxygen analyzers, turbidity meters, TOC analyzers, conductivity sensors, and pH meters. Conductivity sensors contributed a significant revenue share in 2017, the conductivity of water allows to measure ionic constituents of all types of water such as surface waters, process waters in water supply, and treatment plants.
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Based on product type, the water testing and analysis market are segmented into benchtop, portable, and handheld. Portable products held significant revenue share in 2017. The growth is attributed due to lack of clean drinking water and rising environmental water pollution. Portable products provide accurate and precise technologies for monitoring water quality.
Based on application, the market is categorized as a laboratory, industrial, environmental, and government. Growing industrial applications for water testing and analysis coupled with increasing government and private funding to address environmental issues is expected to drive segment growth over the forecast period.
Browse the full "Water Testing and Analysis Market by Product (TOC Analyzers, pH Meters, Dissolved Oxygen Analyzers, Conductivity Sensors, and Turbidity Meters), by Product Type (Portable, Handheld, and Benchtop), and by Application (Laboratory, Industrial, Environmental, and Government): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/wat...sis-market
North America held the largest revenue share in the global water testing and analysis market due to the presence of major industry players, increased funding, and technological advancements for water testing and analysis. The U.S. Environmental Protection Agency (EPA) promotes and supports technology innovation to protect and ensure sustainability of water resources. America’s water and wastewater infrastructure are aging. It is estimated that there are 240,000 water main breaks per year in the United States.
The Europe water testing and analysis market held a substantial revenue share in 2017. Rising government initiatives for good quality of water, environmental concerns such as increasing water pollution & contamination, and increased industrialization & urbanization are the major factors expected to drive the water testing & analysis market growth over the forecast period. Countries such as the UK and Germany are expected to drive the industry growth due to rising demand from manufacturing sectors for good quality water.
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The Asia Pacific is anticipated to hold lucrative growth in the global water testing and analysis market over the forecast period. The rapid growth of population and industrialization in the region has led to a significant rise in pollution. Water analysis has become a necessary tool in residential, commercial, and industrial sectors. Increasing issues of water contamination and stringent water quality control regulations are expected to increase the demand for water analysis and testing instruments in the region over the forecast timeframe.
The Middle East & Africa is expected to contribute to a significant market share in 2017. The growth is attributed due to increasing water pollution, a growing demand for good quality of water, and high dependence of water by the population.
Some of the major players operating in the water testing and analysis market are Emerson Electric Co., Danaher Corporation, Agilent Technologies Inc., Myron L Company, Global Treat, Inc., Horiba, Ltd., Shimadzu Corporation, ABB Ltd., CHEMetrics, Inc., Thermo Fisher Scientific, Inc., Tintometer GmbH, General Electric Company, Mettler-Toledo International Inc., Eisenmann Corp., and Honeywell International Inc.
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This report segments the global water testing and analysis market as follows:
Global Water Testing and Analysis Market: Product Segment Analysis
- TOC Analyzers
- pH Meters
- Dissolved Oxygen Analyzers
- Conductivity Sensors
- Turbidity Meters
Global Water Testing And Analysis Market: Product Type Segment Analysis
- Portable
- Handheld
- Benchtop
Global Water Testing And Analysis Market: Application Industry Segment Analysis
- Laboratory
- Industrial
- Environmental
- Government
Global Water Testing And Analysis Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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