Water Quality Testing Market to be Worth $5.1 Billion by 2030

Water Quality Testing Market by Offering, Test Type (Physical Test, Chemical Test), Device Type, Product Type (pH Meter, TOC Analyzer), Sector (Laboratory, Government, Environmental Institutes, Industrial Sector) - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Water Quality Testing Market by Offering, Test Type (Physical Test, Chemical Test), Device Type, Product Type (pH Meter, TOC Analyzer), Sector (Laboratory, Government, Environmental Institutes, Industrial Sector) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the water quality testing market is projected to reach $5.1 billion by 2030, at a CAGR of 6.4% during the forecast period.The growth of the water quality testing market is driven by rapid population growth, urbanization, stringent legislation on maintaining water quality, lack of freshwater resources, and increasing prevalence of waterborne diseases. However, the high costs of water testing technologies and the reluctance of local government bodies to adopt new technologies may restrain the market's growth.

Furthermore, innovative water processing technologies and organizations' rising R&D expenditure are expected to offer significant growth opportunities for the water quality testing market. However, the shortage of trained laborers & experts and lack of awareness of the appropriate usage of water testing techniques may hinder the growth of this market.

Meticulous Research^® has segmented this market based on offering, test type, device type, product type, sector, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, in 2023, the solutions segment is expected to account for the larger share of the water quality testing market. The large market share of this segment is attributed to the growing adoption of innovative & advanced solutions and high investments in the R&D of water testing equipment.

Based on test type, in 2023, the physical test segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to the increasing adoption of advanced technologies that mainly focus on developing physical testing kits.

Based on device type, in 2023, the portable device segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to the increasing demand for portable water testing equipment that can be carried out in the field or in a temporary laboratory to analyze physical, chemical, and microbiological contaminants.

Based on product type, in 2023, the pH meter segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to the increasing adoption of pH meters in various industrial sectors and the rising concerns about the adverse effects of acidic or alkaline water in industrial settings.

Based on sector, in 2023, the industrial sector segment is expected to account for the largest share of the water quality testing market. The large market share of this segment is attributed to increasing industrialization and urbanization, declining freshwater resources, and a rising focus on water quality and public health.

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the water quality testing market. The Asia-Pacific region's significant market share can be attributed to various factors, including the increasing environmental deterioration, declining availability of clean water, rising public-sector investment in water infrastructure, and growing research and development expenditures.

Key Players:

The key players operating in the water quality testing market are Horiba, Ltd. (Japan), Mettler-Toledo International, Inc. (U.S.), Shimadzu Corporation (Japan), Thermo Fisher Scientific, Inc. (U.S.), Tintometer GmbH (Germany), Bureau Veritas (France), Neogen Corporation (U.S.), ALS Limited (Australia), LaMotte Company (U.S.), SGS Société Générale de Surveillance SA (France), Eurofins Scientific SE (Luxembourg), Intertek Group plc (U.K.), Chemetrics, Inc. (U.S.), Geotech Environmental Equipment Inc. (U.S.), Agilent Technologies, Inc. (U.S.), and Applied Membranes, Inc. (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments in terms of offering, test type, device type, product type, sector, and geography?
What is the historical market for water quality testing across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the water quality testing market?
Which are the major players in the water quality testing market, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the water quality testing market?
What are the different strategies adopted by major players in this market?
What are the geographic trends and high-growth countries?
Which are the local emerging players in the water quality testing market, and how do they compete with the other players?

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