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Water Testing & Analysis Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3516

Water Testing & Analysis Market size is likely to witness commendable growth over 2021-2027. This is considering the implementation of stringent global regulations to ensure the supply of drinking water with high safety standards. 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 in the upcoming years.
 

The water testing & analysis procedure refers to a chemical examination of dissolved materials present in water, including the determination of pH value and suspended solids. The standard drinking water test comprises microbiological and chemical quality tests, designed to indicate the level of fecal contamination and chemical species in the water.
 

Growing focus on evaluation of water to identify microbiological content for pharmaceutical purposes is one of the key trends proliferating water testing & analysis market outlook over 2021-2027. Mounting levels of water pollution have prompted greater requirement for delivery of water testing services in recent years, which will amplify the demand for water testing and analysis in the years ahead. Eurofins, for instance, provides comprehensive water testing services for manufacturers of food products, beverages, and packaged drinking water, including radioactive test, and chemical analysis, among other miscellaneous tests.
 

Based on application, the environmental segment will hold an appreciable share in the water testing & analysis market by 2027. This is a result of the growing awareness about the toxicity of water pollution on marine life and the high concerns about water scarcity. According to the UN and WHO, the global population is likely to live in a water-stressed environment by 2025. Heavy metals and chemicals present in industrial and municipal wastewater are the major causes of water contamination that impact the lifespan and reproduction of aquatic animals. These factors are projected to result in the deployment of water analysis and bacterial testing procedures to reduce environmental impacts.
 

North America will emerge as a prominent region for the water testing & analysis industry by 2027, given the escalating impacts of waterborne diseases in countries such as the United States. According to the CDC, over 7.2 million Americans get infected by diseases spread through the water every year. Moreover, the robust demand for copper, from various applications including electric vehicles, and the resultant increase in mining activities will further impel the adoption of water testing procedures in the region.
 

The competitive landscape of the global water testing & analysis market comprises companies such as Horiba Limited, Mettler Toledo, Agilent Technologies, Shimadzu Corporation, Emerson Electric Company, Endress+Hauser Management AG, Thermo Fisher Scientific, Danaher Corporation, Suez SA (Sofina), and ABB Limited, among others. These companies are focusing on new service launches, mergers, and acquisitions, among other strategies, to boost their stance across the global market. For instance, in December 2020, Suez Water Technologies & Solutions unveiled two Total Organic Carbon online analyzers, namely M500 and M500e, for real-time ultrapure water monitoring. These products were designed to save time during pharmaceutical water testing and support the detection of corrosives and other contaminants in steam generation water systems, among other applications.
 

COVID-19 to Influence Water Testing & Analysis Market Trends:

In the wake of the coronavirus pandemic, there have been production cutbacks in the automotive industry due to the shortage of semiconductors and supply chain disruptions. Furthermore, a decline in mining activities during the pandemic may result in the reduced adoption of water quality testing across these end-use industries and hamper the overall water testing & analysis industry forecast. However, the significant rise in consumption of frozen foods and alcohol by consumers in the APAC region could impel the demand for water testing services in the food and beverages sector amidst the pandemic. Apart from these products, several other food categories observed growth in sales, especially due to panic buying and stockpiling, which in turn, could assert a favorable impact on the industry dynamics.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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