Global Water Testing & Analysis Market is Estimated to Reach USD 4 Billion by the end of 2024 – Techsci Research

Rising water pollution concerns, increasing government investments and
growing awareness about water safety to propel growth in global water
testing & analysis market through 2024

According to TechSci Research Report “Global

Water Testing & Analysis Market


By Type, By End Use Industry, By Region, Competition, Forecast &
Opportunities, 2014-2024”

, the global water testing & analysis
market is projected to reach around $ 4 billion by 2024, owing to
increasing water pollution due to discharge of untreated industrial
effluents in water bodies. Moreover, increasing number of government
initiatives towards good water quality, rising industrialization and
urbanization, and growing awareness about the consumption of safe water are
some of the other factors expected to fuel the market in the coming years.
Declining water quality is a major concern in various developing as well as
developed economies across Europe, North America and Asia-Pacific.

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Some of the major players operating in global water testing & analysis
market are ABB Limited, Suez SA, Danaher Corporation, Thermo Fisher
Scientific and Emerson Electric Company. Growing government investments to
deal with environmental issues, in addition to increasing funding and
technological advancements in the field of water testing & analysis, is
expected to have a positive impact on the market in the coming years. Based
on the type, TOC analyzer segment dominated global water testing &
analysis market in 2018, and the segment is expected to maintain its market
dominance in coming years, owing to its ability of testing dissolved oxygen
in water bodies to determine pollution levels in water bodies.

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“Europe accounts for the largest market share in the global water testing
& analysis market, owing to stringent regulations implemented by
governments across the region on discharge of effluents and wastewater
treatment. However, in coming years, Asia-Pacific is expected to register
the fastest growth, on the back of growing population, urbanization and
pollution coupled with climate change effects, such as persistent droughts,
which are impacting water supply and its quality in the region. As a
result, high demand for water testing & analysis equipment from highly
populated countries such as China and India is expected to emanate during
the forecast period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.


“Global Water Testing & Analysis Market By Type, By End Use
Industry, By Region, Competition, Forecast & Opportunities,
2014-2024’’

has evaluated the future growth potential of water testing & analysis
market and provides statistics and information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyses the emerging trends along
with essential drivers, challenges and opportunities in global water
testing & analysis market.