The Global Market for Water Analysis Instrumentation is Projected to Reach US$4.3 billion by 2024

Tightening Regulations on Water Quality to Drive the Water Analysis Instrumentation Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Water Analysis Instrumentation market. The global market for Water Analysis Instrumentation is projected to reach US$4.3 billion by 2024, driven by rapid urbanization, rising demand for clean and safe water, growing concerns over water contamination and technological advancements.

Water quality is becoming an issue of growing concern due to rapid urbanization, indoctrination and contamination. With certain specific minimum standards required for potable and industrial use, the need for analyzing water for its quality is growing. The need to measure as well as control water quality for domestic and industrial uses to address increasingly stringent environment regulations is the overarching driver of the market for water analysis instrumentation. Increasing incidents of contamination and pollution of natural water resources and industrial effluents have compelled governments worldwide to impose stringent regulations on water quality. These factors are contributing to growth in the water analysis instrumentation market. While growing focus of governments to arrest spread of water-borne diseases is driving demand for these instruments in municipalities, the drive to achieve process efficiency and adhere to regulations drive demand in the industrial market. Increasing applications, technological developments and growing awareness are transforming water analysis instrumentation market.

Technological advancements are critical in driving the water analysis instrumentation market. Electronics have played a major role in contributing to their development, with many current instruments allowing seamless operability with laptops and handheld devices for data storage and transmission. Various instruments such as pH meters are seeing continuous development in materials, components and functionality. TOC analyzers, on the other hand, are seeing a trend towards increased sample uptake capabilities that in turn is tilting the market towards automation. While independent technologies for assessing various parameters of water quality have been in existence for several years, the market is witnessing a shift towards multiparameter instruments. Technological developments are moving water instruments towards on-field use away from laboratories, fueling growth in Online Water Analysis Instrumentation. Increasingly, the focus is on developing instruments that enable continuous monitoring, which are resulting in development of instruments that are not just smaller and more rugged but are also cheaper. Laboratory-based Systems, meanwhile, lead the market but is increasing coming under pressure due to lack of skilled technicians to handle, monitor and calibrate them.

As stated by the new market research report on Water Analysis Instrumentation, Europe represents the largest market worldwide. Early and extensive adoption have made developed markets relatively mature and saturated, with much of the growth emerging from developing markets. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.5% through the analysis period, led by rising population, growing urbanization and industrialization, increasing water needs, rising environmental concerns, and growing stringency of regulations.

Major players in the market include Analytical Technology Inc., Emerson Process Management, GE Analytical Instruments Inc., Hach Company, Hanna Instruments Inc., Honeywell Process Solutions, Mettler-Toledo International Inc., Myron L Company, Pacific Sensor Technologies Pty. Ltd., The ABB Group, Thermo Fisher Scientific Inc., TPS Pty Ltd., Xylem Inc. and Yokogawa Corporation of America, among others.   

The research report titled “Water Analysis Instrumentation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Water Analysis Instrumentation in US$ terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed include Laboratory-based Systems and Online Systems.

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