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Water Testing & Analysis Market Size – By Regional Outlook, Growth Potential, Industry Analysis Report, Competitive Market Share & Forecast, 2024 – 2032
- Report ID: GMI3516
Water Testing & Analysis Market Size
Water Testing & Analysis Market is expected to witness sizeable growth over 2024-2032, driven by the implementation of stricter regulations to assure the supply of drinking water with high safety standards. In March 2023, The Environmental Protection Agency (EPA) released proposed limitations for harmful "forever chemicals" in drinking water, setting them at the lowest levels they could be measured. The agency stated that this measure would save thousands of lives and drastically reduce PFAS-related illnesses. Furthermore, the increasing awareness about the risks of waterborne diseases, which can cause gastroenteritis and kidney problems, will further augment the need for water quality testing.
Water Testing & Analysis Market Trends
Growing focus on evaluation of water to identify microbiological content for pharmaceutical purposes is one of the key trends proliferating the industry outlook. Increasing levels of water pollution have led to the demand for water testing services.
Water Testing & Analysis Market Analysis
Based on application, the environmental segment is expected to hold a substantial share in the water testing & analysis industry by 2032, favored by the growing awareness about the toxicity of water pollution on marine life and humans. Heavy metals and chemicals found in industrial and municipal wastewater propels the demand for water contamination solutions. These contaminants adversely impact the lifespan and reproductive capabilities of aquatic animals, necessitating usage of effective water treatment and purification technologies. According to WHO, in 2021, around 2 billion people lived in water-stressed countries. The increasing concerns about water scarcity will favor the segment growth.
North America water testing & analysis industry size is poised to expand at a significant rate from 2024 to 2032, driven by the growing impact of waterborne diseases in countries such as the United States. As per CDC, around 7.2 million Americans fall ill annually due to diseases transmitted through water. Moreover, the growing industrial activities, urbanization, and agricultural practices contribute to heightened scrutiny of water resources, necessitating robust testing methodologies. The advent of innovative technologies, such as remote sensing, real-time monitoring, and efficient & timely water quality assessments further propels regional market growth.
Water Testing & Analysis Market Share
Major players operating in the water testing & analysis industry include:
- Endress+Hauser Management AG
- Horiba Limited
- Mettler Toledo
- Danaher Corporation
- Agilent Technologies
- Emerson Electric Company
- Thermo Fisher Scientific
- Suez SA (Sofina)
- Shimadzu Corporation
- ABB Limited
These companies are focusing on mergers, new service launches, and acquisitions, among other strategies, to boost their stance in the global market.
Water Testing & Analysis Industry News
- In January 2024, ABB announced its agreement to acquire Real Tech, a Canadian company and a leading provider of innovative optical sensor technology for real-time water monitoring and testing.
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