Water quality testing equipment sales roughly equated to USD 3.4 Bn in 2018. According to a new analytical study of Future Market Insights (FMI), sales of water quality testing equipment will surge at a healthy CAGR of more than 5.5% during the projection period, 2018-2027.
Moreover, the adverse impact of pollution on the ecosystem has forced the general population from developing and underdeveloped countries to turn towards available and accessible water resources, such as groundwater and lakes, to quench their thirst.
The need for water with specific properties for certain applications, such as agriculture, washing, transportation, chemical reactions, heat exchange, recreation, water industry, industrial applications, food processing, and medical applications among others is also expected to contribute to the growth of the water quality testing equipment market.
Water quality testing equipment plays a vital role in environmental monitoring and can enable specialists to foresee and gain from the natural processes in the environment and determine the human effects on an ecosystem. The quality of water changes drastically with changes in the topography, region, and environments, which creates the need for water quality testing equipment to ensure that it is safe for consumption or utilization.
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Numerous factors, such as pollution, contamination due to harmful chemicals & metals, and contamination, hamper the usability of water for drinking, processing, and agriculture applications, among others. As a result, the demand for water quality testing equipment is constantly increasing for testing physical, chemical, as well as biological parameters.
Almost all the countries of the world have defined policies and have published their standards and regulations for ensuring the quality of water which ultimately boosts the growth of water quality testing equipment. These factors are driving the growth of water quality testing equipment.
Key Segment
On the basis of application
- industrial
- environmental
- laboratory
- government
On the basis of device type
- stationery or bench-top
- portable
On the basis of test type
- pH test
- dissolved oxygen test
- conductivity test
- turbidity test
- TDC tests
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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