An Incisive, In-depth Analysis on the Water Quality Tester Market
This study offers a comprehensive, 360 degree analysis on the Water Quality Tester market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Water Quality Tester market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The scarcity of safe drinking water is leading to serious concerns worldwide, thereby pushing the demand for water quality testing equipment. Increasing criticality of available water reserves conservation and increasing instances of water contamination are also influencing the demand growth of water quality testing equipment. Moreover, the adverse impact of pollution on the ecosystem has forced the general population from developing and underdeveloped countries to turn towards available and accessible water resources, such as groundwater and lakes, to quench their thirst.
The need for water with specific properties for certain applications, such as agriculture, washing, transportation, chemical reactions, heat exchange, recreation, water industry, industrial applications, food processing, and medical applications among others is also expected to contribute to the growth of the water quality testing equipment market.
Water quality testing equipment plays a vital role in environmental monitoring and can enable specialists to foresee and gain from the natural processes in the environment and determine the human effects on an ecosystem. The quality of water changes drastically with changes in the topography, region, and environments, which creates the need for water quality testing equipment to ensure that it is safe for consumption or utilization. Numerous factors, such as pollution, contamination due to harmful chemicals & metals, and contamination, hamper the usability of water for drinking, processing, and agriculture applications, among others. As a result, the demand for water quality testing equipment is constantly increasing for testing physical, chemical, as well as biological parameters.
Almost all the countries of the world have defined policies and have published their standards and regulations for ensuring the quality of water which ultimately boosts the growth of water quality testing equipment. These factors are driving the growth of water quality testing equipment.
Stringent Standards for the Testing of the Water Quality for a wide Range of Applications is a Significant Factor Shaping the Growth of Water Quality Testing Equipment Market
Various international organizations, such as the Environmental Protection Agency (EPA), European Drinking Water Directive, Australian Drinking Water Guidelines, and China's GB3838-2002, among others, are pursuing strict quality testing guidelines and parameters for water utilization. Countries that have not implemented these norms follow the guidelines set by the World Health Organizations (WHO). All industries and other end users need to follow these regulations, for which they need to incorporate the use of water quality testing equipment for checking the quality of water. Stringent rules, as well as the need for fresh usable water across the world, is contributing to the growth of the water quality testing equipment market.
Several major, as well as minor manufacturers of water quality testing equipment, are in competition with each other in this highly fragmented market. The level of competition among the companies that manufacture water quality testing equipment is intense, owing to which these companies need to undertake several new paths as well as strategies to maintain their position in the water quality testing equipment market. Moreover, the continuous discovery of new hazards, such as biological extortions and impurities, has created the need for the manufacturers of water quality testing equipment to constantly update their product offerings to cope with these hazards.
Rapid Developments in China and India Fuelling Demand for Water Quality Testing Equipment
The Asia Pacific excluding Japan is estimated to achieve a noticeable share of the global water quality testing equipment market. Rapid urbanization, along with the increasing rate of industrialization in the region, is boosting the need for water that is suitable for various applications, and this is fuelling the market for water quality testing equipment. China and India are expected to register high Y-o-Y growth during the forecast period of the study, i.e. 2018-2027. Various governments are undertaking initiatives to strengthen the policies regarding the water quality and its applications in the developing countries of APEJ, which is expected to drive the water quality testing equipment market during the forecast period.
Increasing Demand for Advanced Water Quality Testing equipment
Technologically advanced water quality testing equipment is witnessing high demand from end users. To maintain their position in the water quality testing equipment market, manufacturers are offering advanced and fully automated water quality testing equipment. The need for technologically advanced water quality testing equipment for the continuous monitoring of the quality of water is high, due to which the market is expected to witness a high CAGR during the forecast period.
Water Quality Test Equipment Market- Report Description
This research report provides a detailed analysis of the water quality test equipment market and offers insights on the various factors driving the popularity of water quality test equipment. The water quality test equipment market report includes an extensive analysis of the key industry drivers, challenges, market trends, and market structure. The water quality test equipment market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The water quality test equipment market report includes the market segmentation on the basis of location, test type, machine type, and region.
The water quality test equipment market is expected to witness significant value and volume growth during the forecast period owing to the increasing need for water quality testing in various countries around the world due to growth in water pollution.
The global water quality test equipment market report starts with an overview of the water quality test equipment market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the water quality test equipment market.
On the basis of application, the water quality test equipment market has been segmented into the industrial, environmental, laboratory, and government. On the basis of device type, the water quality test equipment market has been segmented into stationery or bench-top and portable. On the basis of test type, the water quality test equipment market has been segmented into pH test, dissolved oxygen test, conductivity test, turbidity test, and TDC tests.
A detailed analysis has been provided for every segment in terms of the market size analysis for the water quality test equipment market across different regions. This section provides a detailed analysis covering the key trends prevalent in the global water quality test equipment market.
The next section of the global water quality test equipment market report covers a detailed analysis of the water quality test equipment market across various countries in the region. It provides an outlook for the water quality test equipment market for 2019–2027 and sets the forecast within the context of water quality test equipment market. This study discusses the key trends within countries contributing to the growth of the water quality test equipment market as well as analyses the degrees at which the drivers are influencing water quality test equipment market in each region.
The key regions and countries assessed in the water quality test equipment market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the Rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario, and as well as the growth prospects of the water quality test equipment market across various regions globally for the period 2019 –2027. We have considered 2017 as the base year and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the water quality test equipment market is expected to grow in the future. Given the characteristics of the global water quality test equipment market, we have triangulated the outcomes of different types of analysis based on technology trends.
As previously highlighted, the global water quality test equipment market has been split into a number of segments. All segments on the basis of location, type, test type, and region have been analyzed in terms of basis points to understand the relative contribution of each individual segment to the growth of the water quality test equipment market. This detailed information is important for the identification of various key trends in the global water quality test equipment market.
In addition, another key feature of the global water quality test equipment market report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market, however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify the potential resources from a sales and delivery perspective in the global water quality test equipment markets.
In the final section of the global water quality test equipment market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the water quality test equipment market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a segment of the water quality test equipment supply chain, and the potential players for the same.
The report audience can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the water quality test equipment market. Some of the key competitors covered in the water quality test equipment market report are ABB Ltd., Hanna Instruments, SUEZ, Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Danaher Corporation (Hach), Honeywell International Inc., Shimadzu Corporation, Emerson Electric Co., and others.