According to the new research report published by The Insight Partners, titled “Water Quality Testing Equipment Market – Global Analysis and Forecast to 2027”, The Global Water Quality Testing Equipment Market is expected to reach US$ 5.67 billion in 2027, registering a CAGR of 5.93% during the forecast period 2019-2027.
In 2018, North America accounted for the largest market share, growing at a CAGR of 5.08%
The market in the Asia Pacific is anticipated to undergo a rapid transformation as a result of an enhanced focus on metering, market consolidation, and evolving business models in the region. The growth of the market is expected to spike up in APAC as the Governments intervene for reducing non-revenue water, lower operational expenditures, and also bring about better demand management. Utilities have realized the importance of increasing cost recovery in ensuring the financial and environmental sustainability of water supply. Also, healthy investments from the private sector would improve the water quality testing equipment penetrations in the region.
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In the recent few years, water quality testing equipment market has noticed the market initiative strategy adopted by the companies to expand their footprint across the world and meet the growing demand of their customers. 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 venture, collaborations, and inaugurating new offices across the world permit the company to maintain its brand name globally.
Water quality testing equipment market is segmented on the basis of the end user. The Government segment of end users is expected to dominate the water quality testing equipment market during the forecast period. The government sector includes laboratories, public water distribution system, thermal power generation, agricultural, wastewater management, and many more. All these sectors need to follow various government regulations that are mandatory to check the water quality.
Some of the key players operating in the water quality testing equipment market are ABB Ltd., Agilent Technologies Inc., AquaPhoenix Scientific Inc., Danaher Corporation, Emerson Electric Co., Thermo-Fisher Scientific, Shimadzu Corporation, Horiba, Ltd., General Electric (GE), and Eurofins Scientific SE.
The Water Quality Testing Equipment Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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The Water Quality Testing Equipment Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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