How Has the Water Testing And Analysis Market Size Evolved in Recent Years?
The water testing and analysis market has seen considerable growth due to a variety of factors.
• In recent years, there has been significant growth in the water testing and analysis market size. It is anticipated to expand from $4.13 billion in 2024 to $4.39 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
The historical period's growth can be credited to strict water quality laws, increased awareness of waterborne illnesses, monitoring of industrial pollution and effluent, growth in agricultural activities, and urban development and infrastructure growth.
What are the Forecasted Growth and Key Factors of the Water Testing And Analysis Market?
The water testing and analysis market is expected to maintain its strong growth trajectory in upcoming years.
• The water testing and analysis market is projected to experience significant growth in the upcoming years, increasing to a value of $5.7 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%.
Factors contributing to this estimated growth during the forecast period include global population increase and water scarcity issues, growing awareness of emerging contaminants, emphasis on industrial water recycling, effects of climate change on water resources, and government measures towards water management. Key trends to look out for during the forecast period are the focus on emerging contaminants and micropollutants, the implementation of drones and remote sensing for water monitoring, partnership between technology providers and water utilities, real-time water quality reporting adoption, and an increased focus on water recycling and reuse.
Which Drivers Are Accelerating Growth In The Water Testing And Analysis Market?
The growth of the water testing and analysis market is being driven by the increasing occurrence of waterborne diseases. These diseases occur when there's a contamination of drinking water by pathogenic microorganisms such as protozoa, viruses, bacteria, and intestinal parasites. As per the World Health Organization, a Switzerland-based health body, in July 2022, around the world, diarrheal diseases related to unsafe or inadequate drinking water, sanitation and hygiene (WASH) conditions cause 829,000 deaths every year. As a result, the uptick in such waterborne diseases is anticipated to trigger the expansion of the water testing and analysis market.
How Is the Water Testing And Analysis Market segmented?
The water testing and analysis market covered in this report is segmented –
1) By Type: TOC Analyzer, PH Meter, Dissolved Oxygen Meter, Conductivity Sensor, Turbidity Meter, Other Types
2) By Test Type: Physicochemical Analysis, Bacteriological Testing
3) By Method: Membrane Filter, Multiple Tube Dilution, Visual Comparison Method, Spectrometric Method, Titration Method, Other Methods
4) By End User: Pharmaceutical, Power, Semiconductor, Food And Beverage, Mining, Refineries, Metals, Chemicals, Environmental, Other End Users
Subsegments:
1) By TOC Analyzer: Online TOC Analyzers, Portable TOC Analyzers
2) By pH Meter: Benchtop pH Meters, Portable pH Meters
3) By Dissolved Oxygen Meter: Portable Dissolved Oxygen Meters, Benchtop Dissolved Oxygen Meters
4) By Conductivity Sensor: Portable Conductivity Meters, Fixed Conductivity Sensors
5) By Turbidity Meter: Portable Turbidity Meters, Laboratory Turbidity Meters
6) By Other Types: Total Hardness Test Kits, Chlorine Meters, Nutrient Analyzers
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What New Trends Are Influencing the Water Testing And Analysis Market?
The trend of utilizing SaaS (solutions-as-a-service) platforms is becoming increasingly popular in the field of water testing and analysis. Water testing firms are progressively employing these platforms to provide web-based services such as managing water quality, complying with Environmental Health & Safety standards, and reporting on carbon. As part of the SaaS model, a software company allows usage of its software and functions remotely as an internet-based service. Numerous firms are employing SaaS to enhance the operations of water testing and management organizations. For instance, the American analytical laboratory instrument manufacturer, Waters Corporation, unveiled a new Software-as-a-Service (SaaS) application known as Waters Connect System Monitoring in January 2023. This application is specifically engineered for high-volume quality assurance or quality control (QA/QC) labs.
Who Are the Key Players in the Water Testing And Analysis Market?
Major companies operating in the water testing and analysis market include:
• General Electric Company
• Veolia Environnement SA
• Honeywell International Inc.
• Danaher Corporation
• ABB Ltd.
• Daikin Industries Ltd.
• Johnson Controls International plc
• Carrier Global Corporation
• Emersion Electric Co
• Suez SA
• Eurofins Scientific SE
• SGS S.A.
• Agilent Technologies Inc.
• Bureau Veritas AS
• Lennox International Inc.
• Charles River Laboratories
• Mettler-Toledo International Inc.
• Endress+Hauser Management AG
• Intertek Group plc
• Shimadzu Corporation
• TUV SUD EV
• UL LLC
• Horiba Ltd.
• ALS Limited
• Neogen Corporation
• NSF International
• Merieux NutriSciences Corp.
• Thermo Fisher Scientific Inc.
• Tintometer GmbH
What Is The Most Dominant Region In The Water Testing And Analysis Market?
North America was the largest region in the water testing and analysis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global water testing and analysis market during the forecast period. The regions covered in the water testing and analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
