The Global Market for Water Analysis Instrumentation is Projected to Reach US$3.6 Billion by 2020
Growing Awareness Over the Importance of Water Testing
Drives the Water Analysis Instrumentation Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Water Analysis Instrumentation.
The global market for Water Analysis Instrumentation
is projected to reach US$3.6 billion by 2020, driven by the ubiquity of water testing for
residential, commercial, and industrial uses.
Supply of clean
and safe water has been a major challenge confronted by both municipal
organizations and industries. Rapid growth in population and industrialization has
led to significant contamination of water resources thus aggravating water shortage
issues. Water analysis is critical in residential, commercial, and industrial sectors.
Demand for water analysis instruments is supported by the growing levels of water
contamination and the resulting legislation of stringent water quality control regulations.
Water analysis instruments are defined as devices used for determining the
biological, physical, and chemical properties of water such as pH meters, pH
meter, electrical conductivity meter, dissolved oxygen meter, and turbidity
meter. These instruments find applications in monitoring industrial effluents, wastewater
and in testing the quality of drinking water.
Technological
advancements such as use of electronics and emergence of instruments that test
multiparameters are helping transform the market. The market has come a long
way from the use of a single instrument to measure each parameter to the
development of multi-parameter instrumentation, and online systems for
measuring, monitoring, and controlling water quality. Innovation revolving
around product simplicity, and ease of use, will help spur adoption among end-users.
In the online water analysis instruments market, major technological advances achieved
include the use of microelectromechanical systems (MEMS), biosensors and
optical sensing. New plug-and-play devices feature sensor technologies,
intuitive programming, on-board networking, and hassle-free inbuilt
maintenance. pH meters are witnessing significant advances at the functional,
material as well as component levels. Growing demand for capabilities to store
and share data are leading to the development of pH meters with Bluetooth or
USB communication capabilities.
As stated by
the new market research report on Water Analysis Instrumentation, Europe
represents the largest market worldwide. Asia-Pacific is forecast to emerge as
the fastest growing market with a CAGR of 12.9% over the analysis period. Growth
in the region is led by rising environmental concerns, penalty driven
enforcement of water regulations, growing population and the need for safe
drinking water, and the rise in the number of certified laboratories for
analysis of drinking water contaminants. Laboratory-based water analysis
instrumentation represents the largest product
market, with growth supported by the ever-present need for analysis of
industrial effluents and process water.
Major players covered
in the report include The ABB Group, Emerson Process Management, GE Analytical
Instruments Inc., Hach Company, Hanna Instruments Inc., Honeywell Process
Solutions, Mettler-Toledo International Inc., Thermo Fisher Scientific Inc. and
Xylem Inc. among others.
Comments
Post a Comment