The report “Water Testing & Analysis Market by Product (TOC, PH, DO, Conductivity, Turbidity), Product Type (Portable, Handheld, Benchtop), Application (Laboratory, Industrial, Environmental, Government) & Region – Global Trends & Forecast to 2019 “, This report defines and segments the water testing & analysis market with analyses and projections of the market size, in terms of value.
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The market has been segmented on the basis of product, product type, and application. The report also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and the market size is forecasted on the basis of key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and the market size and trends are projected for each region.
This research report includes the market for water testing & analysis used in laboratory, industrial, environmental, government and other applications. The market for global water testing and analysis instruments is projected to grow at a CAGR of 5.2% to reach a value of $3.5 billion by 2019. Trends such as increasing government regulations for water quality, environmental concerns such as water contamination & pollution, and increasing industrialization & urbanization are driving the global water testing & analysis market. Reluctance for acceptance of new technologies and lack of capital investment are major challenges the water testing & analysis industry faces.
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Water testing & analysis are used as majorly in laboratories and industrial applications. The increasing government regulations in developed countries in Europe & North America and stringent water quality standards for several industries define the global market.
In Europe and North America, water testing & analysis instruments are particularly used in laborites and industries such as food & beverage, pharmaceutical, medical, energy & power, electronics & semi-conductor, and waste water treatment. In most countries, the laboratory segment is the largest user of water testing & analysis instruments.
Globally, The market is driven by growing industrial applications for water testing & analysis instruments as well as increasing government and private funding for tackling environmental issues.
Water testing & analysis instrument manufacturers are stressing on technological innovations to provide end-users with innovative easy to use products & improved capabilities and multi-functionality.