Water Testing and Analysis Market to See Long-Term Growth Opportunities

HTF Market Report

Updated · Jul 13, 2023

Water Testing and Analysis Market to See Long-Term Growth Opportunities

Published Via 11Press: The water’s purity might be ascertained by testing. The health of the water must be routinely assessed by testing its quality. Water characteristics including turbidity, dissolved gas concentration, radioactivity, and water conductivity may be identified by testing and analysis. Solutions for water testing and analysis have become more necessary since the 1970s as global regulatory organizations started to take environmental concerns more seriously and as consumer awareness increased. As additional sectors, including those in the chemical, pharmaceutical, food and beverage, energy and power, electronics, and semiconductors, adopt water testing & analysis solutions, the company’s growth will also be supported.

According to the Ministry of Water Resources India, the total water consumption across all Indian businesses is predicted to rise from 41.4 billion cubic meters in 2010 (the industries plus the energy sector) to 80 billion cubic meters by the end of 2025. As a consequence of the increased need for water across sectors, the global market for water testing & analysis is growing. On the other hand, a lack of financial support and a major effect from climatic and environmental variables might halt the growth of the world market for water testing and analysis.

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Attributes Details
Study Period -2028
Base Year 2022
Unit Value (USD M)
Key Companies Profiled Thermo Fisher Scientific (US), ABB Limited (Switzerland), Agilent Technologies, Inc. (US),General Electric Company (US), Danaher Corporation (US), Emerson Electric Company (US), Shimadzu Corporation (Japan), Endress+Hauser Management AG (Switzerland), Mettler-Toledo International Inc (US), Suez SA (France)

The report offers Major leading Key players:

  • ABB Limited
  • Danaher
  • Suez SA
  • Thermo Fisher Scientific
  • Emerson Electric Company
  • Endress+Hauser Management
  • Agilent Technologies
  • Shimadzu
  • Mettler-Toledo International
  • General Electric Company

By Application:

  • Laboratory
  • Industrial
  • Environmental
  • Government

By Type:

  • TOC Analyzers
  • Ph Meters
  • Dissolved Oxygen Analyzers
  • Conductivity Sensors
  • Turbidity Meters

Water Testing & Analysis

  • The market for water testing and analysis companies has adopted new tactics recently, which is projected to increase rivalry in the upcoming years. The Water Testing & Analysis research report includes information on the product/service landscape of top businesses and does an in-depth analysis of the competition to help customers in increasing their income shares in the market.
  • In order to maximize the benefits of development prospects, this Water Testing & Analysis market study also emphasizes important areas that players should concentrate on and offers techniques that they can use. There are many different players in the market for water testing. Leading businesses are investing in cutting-edge digital water solutions and implementing a technology-focused approach.
  • By reusing and recycling water to decrease waste, businesses may improve efficiency, guarantee compliance, and assist communities. Companies may now use the power of their own data and analytics to make proactive choices about their water quality thanks to digital water quality monitoring.

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Market Growth Drivers:

  • Due to the pollutants and impurities that are discharged daily into water sources like rivers by industry, families, and other sources, including high levels of heavy metals and harmful microorganisms. As a result, there is a strong need for water testing to raise water quality.
  • Here are a variety of water quality tests that are carried out by water testing labs to assist establish if water is safe to use in a domestic environment or not, including tests to evaluate whether it is even drinkable.
  • To help assess if water is safe or even drinkable to be used in a domestic setting or elsewhere, water test labs undertake a broad variety of tests on its quality.

Challenges:

  • Failure to fulfill QA/QC standards and compliance is one of the most frequent problems encountered by laboratories that test the water. Due to their reliance on paper-based systems, which are error-prone and inefficient, digitally challenged laboratories find it challenging to handle samples, tests, test findings, and issue certificates of analysis (CoAs).
  • This is one of the most worrying problems since it may have an immediate impact on how well a laboratory for testing water would conduct tests.If there aren’t enough freezers or an ice supply, storing and transporting samples becomes difficult.
  • To prevent contamination and guarantee sample integrity, water testing laboratories should carefully manage sample storage and shipping.

Opportunities:

  • Digitizing water quality monitoring has the potential to be very beneficial for the water sector. Water leaders must now embrace the digital transformation that lies ahead of them with technologies like AI, ML, Robotics, IoT, and innovative business models like SaaS and value-driven payment structures that can accelerate, if not act as enablers, for this transition as the industry continues to face unprecedented challenges such as strict regulation, limited supply, and the threat of climate change.
  • They must abandon outmoded ideas of gradual development and adopt daring new tactics that allow for aggressive action. Employing cutting-edge, predictive technology will enable organizations to independently monitor water quality and efficiency.

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Key highlights of the Global Water Testing & Analysis market Study:

  • Market CAGR from 2022 to 2028
  • Comprehensive information on market growth drivers for the Water Testing & Analysis industry over the ensuing several years.
  • Detailed Insights on Future Trends and Changing Consumer Behaviour in Water Testing & Analysis
  • A forecast of the size of the global water testing and analysis market and its share of the parent market by type, application, and country.
  • A wide picture of consumer demand in the water testing and analysis industry.
  • Detailed information on elements that will pose a threat to the expansion of water testing and analysis players.
  • Business Transformation and Important Momentum Due to the convergence of a number of significant factors, such as:
  • Significant changes in the technology and cost structure of the market for water testing and analysis;
  • A tipping point in globalization;
  • Difficulties with regulatory compliance;
  • The emergence of new forms of competition in the market for water testing and analysis;

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Content has been published via 11press. for more details please contact at [email protected]

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