Global water testing and analysis market
is expected to grow at a reasonable CAGR during the forecast period. Water testing and analysis involves the evaluation of various
physical, chemical, and biological parameters to determine the quality of
water. This `process is critical in ensuring that water is safe for human
consumption and environmental health. Water testing and analysis is typically
conducted by certified laboratories using specialized equipment and techniques.
The results of water analysis can help to identify potential issues with water
quality and guide the selection of appropriate treatment methods to ensure safe
drinking water.
Growing Industrial
Applications Spur the Market for Water Testing & Analysis
Growing industrial applications have
spurred the market for water testing and analysis instruments. There are
several factors that have contributed to this trend. The rapid
industrialization of developing countries has led to increased demand for water
testing and analysis instruments.
As more factories and industries are established,
the need for water quality monitoring and testing has grown. Governments around
the world have implemented stringent regulations to control the discharge of
pollutants into water bodies. This has led to an increase in the demand for
water testing and analysis instruments, as industries need to comply
with these regulations. Additionally, increased public awareness about
water pollution and its impact on human health and the environment has led to a
greater demand for water testing and analysis instruments. Consumers are
becoming more conscious about the quality of the
water consumed, and this has created a market for water testing instruments
that can be used at home. In conclusion, the growing industrial
applications have indeed spurred the market for water testing and analysis..
With the increasing need for clean water and stringent regulations, the demand
for these instruments is expected to continue to grow in the future.
Increasing Awareness
About Water Quality is Driving the Market Growth
Increasing awareness about water
quality has led to a growing interest in water testing and analysis. Water
quality can be affected by a variety of factors such as pollution, agricultural
runoff, and natural contaminants. To ensure that water is safe to drink and
use, it is important to test and analyze it regularly. The increasing demand
for clean water for domestic and industrial purposes has led to a growing need
for water testing and analysis instruments. These instruments help in ensuring
the safety and purity of water, thereby enabling the supply of clean and safe
water to consumers. The development of new technologies and innovative water
testing and analysis instruments has led to an increase in their usage. Newer
instruments are more accurate, reliable, and easier to use, making them
attractive to industries and consumers alike. The awareness about
water quality has been growing due to several factors:
Water contamination incidents: High profile incidents
of water contamination, such as the Flint water crisis in the United States,
have raised public awareness about the need for regular water testing and
analysis.
Health concerns: Water contamination
can have serious health consequences, including illnesses such as diarrhea,
cholera, and typhoid fever. As people have become more aware of these health
risks, they have become more interested in ensuring that their water is safe to
drink.
Environmental concerns: Water contamination
can also have serious environmental consequences, including harm to wildlife
and ecosystems. Increasingly, people are recognizing the importance of
protecting natural resources like water, and this has led to a growing interest
in water testing and analysis.
Regulatory requirements: Governments around the
world have implemented regulations to control the quality of water. These
regulations often require regular water testing and analysis, and this has
helped to increase awareness about the importance of water quality.
Technological advancements: Advances in technology
have made water testing and analysis more accessible and affordable. People can
now purchase home water testing kits, which allow them to test their water
themselves.
Overall, the increasing awareness about water
quality has led to a growing interest in water testing and analysis. As people
become more informed about the importance of water quality, the demand for
water testing and analysis is likely to continue to grow.
Limited Market Penetration for Water Testing &
Analysis Instruments in Non-Industrial Applications
One major challenge faced by manufacturers of water
testing and analysis instruments is the limited market penetration in
non-industrial applications. While water quality is important for both
industrial and non-industrial sectors, the demand for water testing and
analysis instruments in non-industrial applications is comparatively lower. The
non-industrial sector includes residential and commercial users such as
households, restaurants, hotels, and offices. These users may not be aware of
the importance of water quality testing or may not consider it a priority. As a
result, they may not invest in water testing and analysis instruments, which
limits the market size for these products. Moreover, the cost of water testing
and analysis instruments may be perceived as high by non-industrial users, and
they may choose to rely on alternative, cheaper methods of water testing such
as test strips. This further limit the demand for water testing and analysis
instruments in non-industrial applications. To overcome this challenge,
manufacturers of water testing and analysis instruments can focus on creating
awareness among non-industrial users about the importance of water quality
testing. They can also introduce affordable and user-friendly testing kits that
cater to the needs of non-industrial users. Additionally, partnerships with
water utilities, regulatory bodies, and non-profit organizations can help
create awareness and drive demand for these products in non-industrial
applications.
Some of the recent
developments of the key market players are:
The global water testing and analysis market provides opportunities for companies that specialize in water testing and analysis products and services, including laboratory equipment, and testing kits. As water quality regulations become increasingly strict, the demand for these products and services is expected to grow, creating new business opportunities in the industry.
In 2017, Danaher Corporation acquired Hach Company, a provider of water quality testing and analysis solutions. Hach Company's products and services include laboratory and field-testing instruments, reagents, and data management software. This acquisition strengthened Danaher Corporation's position in the water testing and analysis market.
In 2020, Danaher Corporation acquired ChemTreat, a provider of water treatment solutions for industrial and commercial applications. ChemTreat's products and services include water treatment chemicals, equipment, and monitoring solutions. This acquisition expanded Danaher Corporation's portfolio of water testing and analysis solutions.
In 2023, Thermo Fisher Scientific launched two new wet chemistry analyzers that deliver fully automated, U.S. Environmental Protection Agency (EPA)-compliant testing for environmental, agricultural, and industrial testing labs.