The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global water testing and analysis market is riding a wave of growth, with substantial figures shaping its trajectory. Starting at $3.70 billion in 2022, the market is anticipated to reach $3.94 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 6.6%. Looking ahead, the projections hint at reaching $4.98 billion in 2027, maintaining a steady CAGR of 6.0%.

Waterborne Perils: A Driving Force for Testing

• Prevalence of Waterborne Diseases: The rise in waterborne diseases stands as a significant contributor to the growth of the water testing and analysis market. Contamination by pathogenic microorganisms, including protozoa, viruses, bacteria, and intestinal parasites, leads to waterborne diseases.
• Global Impact: The 2021 SCRIP report reveals a staggering impact, with approximately 4 billion reported cases of waterborne diseases worldwide each year. This results in at least 1.8 million deaths, with a heartbreaking 90% of cases involving children under the age of five.
• Alarming Statistics: Waterborne diseases account for around 4.1% of the total daily global disease burden, claiming 1.8 million lives annually. The majority of these deaths occur in children under five in developing countries, highlighting the urgency for comprehensive water testing and analysis.

Industry Leaders: Key Players Steering the Course

The water testing and analysis market is shaped by major players making strategic strides. Key industry participants include ABB Ltd., General Electric Company, Thermo Fisher Scientific Inc., Eurofins Scientific SE, and others.

SaaS Surge: Transformative Trend in Water Testing

• SaaS-based Platforms: Solutions-as-a-Service (SaaS) platforms emerge as a recent and influential trend in the water testing and analysis market. Companies are increasingly adopting SaaS platforms to deliver online services, encompassing water quality management, EHS compliance, and carbon reporting.
• Remote Monitoring Revolution: Trimble, a US-based technology company, introduced a groundbreaking SaaS program in June 2020 for remote monitoring of water testing infrastructure. This innovation allows water testing utilities to access hardware and software technologies through subscriptions, facilitating remote monitoring of critical infrastructure.
• Operational Enhancement: SaaS is becoming integral to water testing and management companies, improving their operations and ensuring real-time access to vital information for efficient decision-making.

Segmentation Insights: Understanding the Market Dimensions

The water testing and analysis market is multifaceted, segmented based on several critical parameters:

1. Type: TOC Analyzer, PH Meter, Dissolved Oxygen Meter, Conductivity Sensor, Turbidity Meter, Other Types – recognizing the diverse range of analytical tools employed in water testing.
2. Test Type: Physicochemical Analysis, Bacteriological Testing – acknowledging the different approaches to water quality assessment.
3. Method: Membrane Filter, Multiple Tube Dilution, Visual Comparison Method, Spectrometric Method, Titration Method, Other Methods – capturing the varied methodologies employed in water testing.
4. End User: Pharmaceutical, Power, Semiconductor, Food and Beverage, Mining, Refineries, Metals, Chemicals, Environmental, Other End Users – addressing the diverse industries relying on water testing services.

Regional Dynamics: North America Leading, Asia-Pacific Rising

• North America’s Dominance: In 2022, North America emerged as the largest region in the water testing and analysis market, showcasing robust market presence and high adoption rates.
• Asia-Pacific’s Growth Trajectory: The forecast indicates that Asia-Pacific is poised to be the fastest-growing region in the global water testing and analysis market during the forecast period, signaling a dynamic shift in the industry landscape.

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The Water Testing And Analysis Global Market Report 2023  provides comprehensive insights on the water testing and analysis market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the water testing and analysis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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