Water Testing & Analysis Market, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3516
Growth in discharge of effluents by industries into water bodies without prior treatment in concurrence with increasing concerns among the end-consumers about contaminated water will drive the water testing & analysis market growth. This will be fundamentally driven by tests for pathogens, heavy metals, corrosive substances & pesticides. In addition, immense requirement for testing & analyzing across the water desalination and recycling industries will complement the industry outlook.
Increasing industrial demand for distilled water across numerous industries comprising of thermal power generation, petrochemical, pharmaceutical, and electronics & semiconductors, effectuating an upsurge in water testing & analysis market. Moreover, this will be supplemented by the decline in the quality of water increasing the sales of these products among industrial users. Rapid growth in consumer non-durable goods consisting of beverages, packaged snacks, packaged confectionery and processed meat contain enormous amounts of water necessitating greater utilization to ensure the quality of those goods.
Accelerated pace of urbanization in the forthcoming decades in emerging Asia-Pacific and African nations will contribute to water being supplied over longer distances significantly stimulating the demand for testing the water for corrosion, metallic substances & pathogens in water. This phenomenon in combination with the longer distances will render it more difficult to determine the water quality stimulating the market for water testing & analysis products.
Mounting government emphasis on providing and supplying potable piped water to end consumers is crucial to their plans to counter the spread of communicable diseases providing a massive fillip to water testing & analysis market. In addition, government regulations will tighten and mandate greater quality water from the private water suppliers enhancing the demand for water testing products. Furthermore, increased focus of urban constituencies to analyze their water potability will stimulate the product adoption.
Considerable investment by the government in alliance with the private industry along with R&D initiatives to develop the greater quality & capacity products will drive water testing & analysis market growth. The process will be essentially propelled by stringent governmental regulations constituting Clean water act (1972) & Safe drinking water act (1974) in USA & Canada water act (1985) in Canada.
European Union with its extremely urbanized population in congruence with increasing water pollution & contamination, are major factors that are expected to drive the water testing & analysis market growth. Countries including UK and Germany are expected to drive the industry growth on account of rising demand from manufacturing sectors for good quality water. Moreover, the ageing water-supply infrastructure in Europe will boost the demand for corrosion testing.
Key participants in the water testing & analysis market include ABB Limited, Suez SA, Danaher Corporation, Thermo Fisher Scientific, Endress+Hauser Management AG, Emerson Electric Company, Shimadzu Corporation, Agilent Technologies., Mettler Toledo and Horiba Limited amongst others.
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