Water Testing Equipment Market Size Worth $8.04 Billion By 2032 | CAGR: 6.20%

Water Testing Equipment Market Size Worth $8.04 Billion By 2032 | CAGR: 6.20%


The global water testing equipment market size is expected to reach USD 8.04 billion by 2032, according to a new study by Polaris Market Research. The report “Water Testing Equipment Market Share, Size, Trends, Industry Analysis Report, By Instrument; By Product Type; By Test Type; By Technique (Electrochemistry, Separation Technique, Atomic & Molecular Spectroscopy); By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing demand for safe drinking water, along with the growing preference for bacteria and chemical-free water, is expected to drive the demand for water testing equipment. Ensuring the safety and quality of drinking water is a priority for individuals, communities, and regulatory bodies worldwide. The rise in awareness about waterborne diseases and the need for clean drinking water has led to an increased demand for water testing equipment. These instruments and tools are used to analyze and monitor the presence of contaminants, microorganisms, and chemicals in water sources, ensuring that it meets the required standards for human consumption.

Moreover, there is a growing emphasis on providing chemical-free water for various applications, such as in food and beverage production and pharmaceutical manufacturing. Regulatory support and legislation regarding water quality and the production of high-quality products have further amplified the demand for chemically treated water. Water testing equipment plays a crucial role in monitoring and verifying the effectiveness of water treatment processes, ensuring that the water is free from harmful chemicals and contaminants.

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In developing countries like India and China, the governments have implemented stringent regulatory guidelines concerning the use of water in industries such as food and beverages, and pharmaceuticals. These guidelines aim to maintain high safety standards and ensure that water used in production processes meets the required quality criteria. To enforce these regulations, the government regularly monitors the operations of these industries and conducts tests to assess compliance with safety standards. This regulatory environment has significantly increased the demand for water testing equipment as companies strive to meet the regulatory requirements and ensure the safety of their products.

The market for water testing equipment is characterized by intense competition, driven by new product launches and technological advancements. Market participants strive to develop applications that provide a competitive edge and meet the evolving needs of customers. In this competitive landscape, large multinational corporations face significant competition from local firms, particularly in the region. These local firms can offer competitive pricing while maintaining the quality of their products, posing a threat to the market share of multinational corporations.

Water Testing Equipment Market Report Highlights

  • Spectrometer segment captured the largest share, due to its ability to be used in different settings
  • Physical test segment led the revenue share, due to increasing need for highly efficient water purification analysis
  • North America dominated the global market with substantial share in 2022, due to emergence of clean water act and favorable government norms
  • The global key market players include Honeywell International, Idexx Laboratories, Agilent Technologies, and Shimadzu Corporation

Polaris Market Research has segmented the water testing equipment market report based on instrument, product type, test type, technique, and region:

Water Testing Equipment, Instrument Outlook (Revenue - USD Billion, 2019 - 2032)

  • TOC Meter
  • PH Meter
  • Dissolved Oxygen Meter
  • Conductivity Meter
  • Turbidity Meter
  • Spectrometer
  • Chromatograph
  • Others

Water Testing Equipment, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Portable & Handheld
  • Benchtop

Water Testing Equipment, Test Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Physical Test
  • Chemical Test
  • Biological Test

Water Testing Equipment, Technique Outlook (Revenue - USD Billion, 2019 - 2032)

  • Electrochemistry
  • Separation Technique
  • Atomic & Molecular Spectroscopy

Water Testing Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Water Testing Equipment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4.96 billion

Revenue forecast in 2032

USD 8.04 billion

CAGR

6.20% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Instrument, Product Type, Test Type, By Technique, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Thermo Fisher Scientific, SGS, Emerson Electric, Honeywell International, Danaher Corporation, General Electric Company, Horiba, 3M Company, Mettler-Toledo International, Perkinelmer, Tintometer, Eurofins Scientific, Idexx Laboratories, Agilent Technologies, and Shimadzu Corporation.

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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