India Water Analytical Instruments Market to grow at 11% CAGR until 2020
Increasing government legislations and growing concerns over water quality in process & water intensive industries to drive water analytical instruments market in India
According to the recently published TechSci Research report “India Water Analytical Instruments Market Forecast and Opportunities, 2020”, the market for water analytical instruments in India is projected to register growth at ~11% CAGR until 2020. These specialized instruments are used to measure various properties of water such as pH level, conductivity, dissolve oxygen (DO), turbidity value, and total organic content. Besides local manufacturing, India is also dependent on imports from other countries such as China and the US for addressing the domestic demand. The market is broadly classified into five segments namely pH Meter, TOC Analyzer, Conductivity Meter, DO Meter and Turbidity Meter.
India has emerged as a notable market for water analytical instrument due to their high prevalence in water treatment plants, pharmaceuticals industries, power industries, Oil and Gas Sector, Mining Sector and Food & Beverages Industries. Owing to growth in these industries, the demand for water analytical instruments is expected to witness robust growth over next five years. Major companies that are offering their water analytical instruments in India include Hach Company, Hanna Instruments, Mettler Toledo, General Electric and Shimadzu.
The market is also driven intensely by various government regulations in place on water intensive industries for wastewater treatment. Indian Central Pollution and Control Board (CPCB) imposes stringent regulations on water treatment plants in order to decrease the pollutants pervading the water and make it more hygienic and clean for usage. Apart from this, the devastating effect of hard water on high cost equipment such as boilers, condensers etc. in power, chemical and oil & gas industries are generating a boost to the water analytical instrument market. Other area generating high demand for water analytical instrument is pharmaceutical and food & beverages industries as these industries deploy water analytical instrument to monitor their entire production process.
“In India, pH meters account for a major share in water analytical instruments market on account of its significant demand within laboratories, research institutes and industrial units. Over the forecast period, pH meters are expected to continue their dominance and maintain market lead. With increasing industry concerns over hard water and significance of oxygen content present in wastewater during water treatment, the demand for turbidity meters and dissolve oxygen meters are projected to witness fastest growth rate”, said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
“India Water Analytical Instruments Market Forecast and Opportunities, 2020” has evaluated the future growth potential of water analytical instruments market in India. The report provides statistics and information on market structure, size, segmental analysis, etc. In addition, the report also includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and deeper insights to decision makers willing to invest in the market. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, key challenges and opportunities prevailing in the industry.