Sales of water quality testing equipment were approximately USD 3.4 billion in 2018, and a recent analysis by Future Market Insights projects a robust CAGR of over 5.5% from 2018 to 2027.
Key Growth Drivers in the Water Quality Testing Equipment Market
With around 70% of freshwater utilized in horticulture, demand for water quality testing equipment remains strong in agriculture. Fishing, both in saltwater and freshwater, also bolsters equipment sales as a primary income source for many regions. Moreover, evolving regulations on long-distance trade of products like oil, natural gas, textiles, and automotive goods further drive the market.
Industrial applications, including groundwater and surface water analysis, require extensive monitoring of water’s physical, chemical, and biological properties, which FMI notes will significantly boost the global water quality testing equipment market through 2027.
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Key Takeaways on Water Quality Testing Equipment Market:
- Essential Role in Environmental Monitoring: Water quality testing equipment is critical for environmental assessments, helping experts understand natural processes and the impact of human activities on ecosystems.
- Adaptability to Regional Changes: The equipment is essential due to varying water quality across different topographies, regions, and environmental conditions, ensuring safe water for consumption and use.
- Addressing Pollution and Contamination: Growing concerns over pollution and contamination from chemicals and metals are driving demand for water quality testing equipment across applications in drinking water, agriculture, and processing industries.
- Global Regulatory Support: Nearly all countries have established water quality standards, creating a supportive regulatory environment that promotes the adoption of water quality testing equipment.
- Comprehensive Parameter Testing: Increasing need for testing physical, chemical, and biological aspects of water quality fuels demand for this equipment, catering to a broad range of industries and environmental monitoring needs.
Key Segment
On the basis of application
- industrial
- environmental
- laboratory
- government
On the basis of device type
- stationery or bench-top
- portable
On the basis of test type
- pH test
- dissolved oxygen test
- conductivity test
- turbidity test
- TDC tests
Report Preview: https://www.futuremarketinsights.com/reports/water-quality-tester-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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