Report ID: UCMIG20L2030
Water Testing Equipment Market Size, Share, Growth Analysis, By Instrument(TOC Meter, pH Meter, Dissolved Oxygen Meter, Conductivity Meter), By Product Type(Portable & Handheld, Benchtop), By Test Type(Physical Test, Chemical Test, Biological Test), By Technique(Electrochemistry, Separation Technique, Atomic & Molecular Spectroscopy), By End-use(Industrial, Governmental Facilities, Private Laboratories, Others), By Region(North America, Europe, Asia-Pacific, Latin America) - Industry Forecast 2025-2032
Report ID:
UCMIG20L2030 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Water Testing Equipment Market Insights
Market Overview:
The 2022 valuation of the global water testing equipment market reached USD 4.45 billion, and a projected compound annual growth rate (CAGR) of 6.1% is anticipated from 2023 to 2030. The increasing need for pure water in municipal settings, as well as the demand for water in the production of food, beverages, and pharmaceuticals, is set to drive market expansion. Heightened emphasis on sustainability, prompted by the prevalence of infectious diseases like COVID-19, has led to a renewed emphasis on effective water resource management. Additionally, the surge in infrastructure development initiatives, fueled by economic stimulus measures, specifically targeting the enhancement of drinking water facilities, is poised to fuel the demand for water testing equipment in the coming years. The United States has enacted a new Public-Private Partnership (PPP) law to encourage investments in domestic desalination facilities and water purification plants, aligning with the broader goal of fostering growth within the water treatment industry, thereby positively influencing the water testing equipment sector throughout the forecast period.
Water Testing Equipment Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Environmental & Facilities Services by segment aggregation, the contribution of the Environmental & Facilities Services in Commercial & Professional Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Water Testing Equipment Market Report Snapshots
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