Water Testing Market Size, Trends & Analysis - Forecasts to 2026
Global Water Testing Market Insights
The global water testing market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing levels of water contamination and increasing demand for drinking water are some of the major factors driving the water testing market. Growing food, drink, pharmaceutical, and other industries-related manufacturing industries is expected to fuel the market growth during the forecast period. Increasing urbanization and development in manufacturing industries around the globe are driving the market during the forecast period. However, stringent environmental norms by the government and volatile prices of raw materials are likely to hamper the market growth during the forecast period.
Water Testing Market: By End User Application
On the basis of end user application, the global water testing market is segmented into drinking and bottled water, and industrial. The industrial segment is further segmented into food, pharmaceutical, energy, food, beverage, chemical & materials, and environment. The drinking and bottled water segment is expected to grow at the highest CAGR in terms of both value, and volume during the forecast period. A significant rise in manufacturing activities in developing countries such as India, China, and Mexico among others is expected to create a healthy growth opportunity for water testing manufacturers. The growing water borne diseases and increasing capital investments is one of the major factors expected to drive the water testing market. Furthermore, increased growth in clean drinking beverages, and innovating technology are expected to boost the market for water testing.
Water Testing Market: By Region
On the basis of region, the market for water testing is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America is expected to grow at the largest market share in the water testing market during the forecast period. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. Growing consumer spending on manufacturing water testing equipments activities in emerging countries including China, India, Japan, South Korea, and Singapore among others is propelling the market growth in the region.
Water Testing Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are PepsiCo, Parle Agro, and Coca-Cola among others.
Water Testing Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Water Testing market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Water Testing Market Share & Competitor Analysis
Some of the key players operating in the water testing market are ABB Group, Agilent Technologies Inc., Danaher Corporation, Emerson Electric Co., General Electric Company, Honeywell International Inc., Horiba Ltd., Idexx Laboratories, Lovibond Tintometer, Eureka Forbes, LaMotte Company and among others among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Water Testing Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Water Testing Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
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