Water Quality Testing Equipment Market Size, and Analysis 2027

Water Quality Testing Equipment Market to 2027 - Global Analysis and Forecasts by Product Type (pH Meter, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Tester, and Others); Type (Handheld and Portable); and End-User (Industrial, Commercial, Government,  and Others)

Publication Month : Jun 2019

  • Report Code : TIPRE00004108
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 173
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The water quality testing equipment market accounted to US$ 3.42 Bn in 2018 and is expected to grow at a CAGR of 5.93% during the forecast period 2019 - 2027, to account to US$ 5.67 Bn by 2027.

North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period.  Significant investments in the water infrastructure sector by Government in the developed nations of the US and Canada are expected to fuel the water quality testing equipment market in this region.

Water Quality Testing Equipment Lucrative Regional Markets

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Market Insights

Stringent legislations across the globe on maintaining water quality to contribute to the water quality testing equipment market growth

The Clean Water Act (CWA) in the US is responsible for the protection of water bodies in the US with the standards set as per the desired usage of it. The Safe Drinking Water Act (SWDA) in the country is responsible for maintaining and improving the quality of drinking water supplied to the masses. The SWDA is also accountable for listing the standards in public water treatment plants.

Innovative water processing techniques to drive the overall growth in water quality testing equipment market

The water desalination process is a widely adopted process in the Middle Eastern countries to bring a balance in the demand-supply of water. However, the process is observed to have specific negative impacts on the water bodies and the allied water ecosystem. It has been noted that the desalination process results in the diffusion of chemicals and anti-fouling agents in the sea. As a corrective measure, water agencies use automated warning stations and much other water quality testing equipment for monitoring the quality of water. The adoptions of water quality monitoring systems are therefore anticipated to spike up in the Middle Eastern region.

Product Type Insights

The global water quality testing equipment market by product type was led by pH meter segment. The other systems for water quality testing equipment market include temperature sensors, silica measurement sensor, sodium measurement, iron measurement, and total organic carbon (TOC) sensor, among others. Turbidity tester held the second largest market in 2017, and is anticipated to lose its shares during the forecast period from 2019 – 2027.

Type Insights

The global water quality testing equipment market by type was led by benchtop segment. With the increasing concentration toward research and development of water quality analysis by government and for academic research, the demand for benchtop equipment primarily for laboratory purposes is boosting the requirement of benchtop water quality equipment significantly.

End User Insights

The global water quality testing equipment market is segmented on the basis of end-user as handheld/portable and Benchtop testing equipment. Commercial sectors held the second largest market in 2017 and are anticipated to continue its shares during the forecast period from 2019 – 2027. The other end-user of water quality testing equipment market includes education, life science, and other natural science sectors.


Rest of MEA Water quality testing equipment Market by End User

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Water Quality Testing Equipment Market: Strategic Insights

water-quality-testing-equipment-market
Market Size Value inUS$ 3.42 Billion in 2019
Market Size Value byUS$ 5.67 Billion by 2027
Growth rateCAGR of 5.93% from 2019 to 2027
Forecast Period2019 - 2027
Base Year2019
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The market players present in water quality testing equipment market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below;

2019:Emerson announced the introduction of new sensor technology to provide about ten times greater sensor stability, and reduce risk in quality and yield for biopharmaceutical manufacturers.
2017:AquaPhoenix announced a new Mobile Testing App named as “Aliquot,” mainly for water technicians to make their daily testing simple and efficient. This application is available in iOS and Android mobiles.
2017:Shimadzu announced a joint research and development innovation center in Singapore. This center comprises of 7 members of staff working, for the development of a high sensitivity environmental sensor to detect nitrogen and phosphorous contained in lakes and rivers. 


GLOBAL WATER QUALITY TESTING EQUIPMENT – MARKET SEGMENTATION

By Product Type

  • pH Meter
    • Dissolved Oxygen Meter
    • Conductivity Meter
    • Turbidity Tester
    • Others

By Type

  • Handheld/ Portable
  • Benchtop

By End User

  • Industrial
  • Commercial
  • Government
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • UK
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • South Korea  
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • ABB Ltd
  • Agilent Technologies Inc.
  • AquaPhoenix Scientific Inc.
  • Danaher Corporation,
  • Emerson Electric Co.
  • Eurofins Scientific SE
  • General Electric (GE)
  • Horiba, Ltd.
  • Shimadzu Corporation
  • Thermo-Fisher Scientific
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Water Quality Testing Equipment Market

  1. ABB Ltd
  2. Agilent Technologies Inc.
  3. AquaPhoenix Scientific Inc.
  4. Danaher Corporation,
  5. Emerson Electric Co.
  6. Eurofins Scientific SE
  7. General Electric (GE)
  8. Horiba, Ltd.
  9. Shimadzu Corporation
  10. Thermo-Fisher Scientific

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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