Water Testing Equipment Market Size, Share & Trends Analysis Report By Instrument (TOC Meter, pH Meter, Spectrometer), By Product Type, By Test Type, By Technique, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Water Testing Equipment Market Growth & Trends

The global water testing equipment market size is expected to reach USD 7.14 billion by 2030, expanding at a CAGR of 6.1% during the forecast period, according to a new report by Grand View Research, Inc. The surging demand for safe drinking water coupled with rising usage of bacteria & chemical-free water is expected to boost the demand for water testing equipment.

The demand for chemically treated water is escalating owing to its rising demand coupled with legislation and regulatory support for the production of high-quality food & beverages and pharmaceutical products. The growth in demand for chemically treated water is expected to positively influence the market growth over the projected years.

As clean water consumption increases in industries and power generation, companies have been compelled to treat this water after processing. This has increased the use of water testing equipment and has become a significant growth driver for the market and is likely to increase the market over the forecast period.

The governments in developing countries like India and China are imposing strict regulatory guidelines related to the use of water for the production of food & beverages, and pharmaceutical products. The government regularly monitors the operation of these industries and organizes tests to check safety standards. This factor escalated the product demand progressively.

Expanding industrial sectors, including food & beverage, chemicals, pulp & paper, pharmaceutical, power, and oil & gas, resulting in increased consumption of clean water. Along with this, the declining availability of fresh and potable water, primarily in the Middle East & Africa, and China, is expected to drive the demand for water testing equipment.

The market is quite competitive due to new product launches and technological breakthroughs. Application development is a goal for market participants looking to obtain a competitive edge. Large multinational corporations face a serious threat from local firms in Asia Pacific about the quality of their products and the pricing they may charge customers.

Water Testing Equipment Market Report Highlights

• Spectrometer led the market and accounted for 35.0% of the global revenue share in 2022. The equipment is primarily utilized to assess the purity and quality of water in a variety of settings, including drinking water, processed water, and wastewater
• The significant market share held by portable and handheld devices is attributed to the growing need for portable water testing equipment that can be utilized in the field or in a makeshift lab to look for physical, chemical, and microbiological impurities. In addition, it is expected that this market segment is expected to register the highest CAGR throughout the forecast period
• The physical test held the largest share of 56.3% in 2022. The test logs information on the following parameters: color, total solids, turbidity, suspended particles, dissolved solids, odor, and taste. The color tests indicate whether the water treatment system is effective
• North America led the market and accounted for 34.2% of the global revenue share in 2022. Several regulations, including the Clean Water Act, recommend that states in the U.S. designate surface waters used for drinking water and set water quality standards. These regulations would escalate the product demand during the projection period
• Key players are currently engaged in the development of innovative products using advanced material technology coupled with collaboration with governments in ecological transformation projects

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