Water Quality Testing Equipment Market Estimated to Exhibit 5.5% CAGR through 2027

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Water Quality Tester Market

• March 2020

Report Id REP-GB-8372 Published On Feb
27,2019 Category Testing
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Water Quality Tester Market Analysis
Water quality testing equipment sales roughly
equated US 3.4 Bn in 2018. According to a new
analytical study of Future Market Insights (FMI),
sales of water quality testing equipment will
surge at a healthy CAGR of more than 5.5 during
the projection period, 2018-2027. Plethora of
Applications of Water to Sustain Sales of Water
Quality Testing Equipment Around 70 of the
freshwater is used in horticulture, which will
continue to establish a strong base for growth of
water quality testing equipment market. Fishing
in salt and fresh water has been a primary income
source within several regions, which is cited as
another important factor pushing expansion
of water quality testing equipment
market. Constantly evolving regulatory framework
for long-distance trade of products such as oil
and natural gas, manufactured clothing and
automotive products will also remain among the
key factors fueling revenue growth of water
quality testing equipment market. Water, steam,
as well as ice are utilised for a range of small-
and large-scale cooling and warming applications,
further pushing demand growth of water quality
testing equipment.
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Water Quality Tester Market Analysis
Various industrial applications such as
groundwater and surface water investigations of
water bodies make it imperative to monitor
physical, chemical, and biological parameters of
water. According to FMI's analysis, this will a
significant booster for global water testing
equipment market growth through 2027. Strict
Regulatory Framework to Drive Water Quality
Testing Equipment Market Growth in Developed
Regions The report foresees water quality testing
equipment market in Asia Pacific excluding Japan
(APEJ) to hold a substantial share in the global
market value in coming years.  Increasing
investments from governments to strengthen the
implementation of water policies and growing
adoption of safe-water standards as well as
multiple international regulations and policies
will prominently drive adoption of water quality
testing equipment within APEJ. FMI further
expects the water quality testing equipment
market to witness solid growth in Middle East
Africa (MEA) owing to the growing implementation
of strict regulatory guidelines related to safe
drinking water, by governments. The Americas and
Europe will however remain dominant in the water
quality testing equipment market, driven by rapid
industrialization, and strongly backed by the
stringent regulatory framework.  
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Water Quality Tester Market Analysis
Inadequate Awareness Relatively Low Capital
Investment May Affect Growth of Water Quality
Testing Equipment Market Although various
international organisations, such as WHO,
International Water Management Institute, and UN
World Water Development among others are
continuously introducing favourable regulatory
policies for water management, lack of sufficient
public awareness about safe water quality,
particularly in several underdeveloped and
developing economies, will continue to be a major
challenge facing adoption rate of water quality
testing equipment. Inadequate funding and
negotiable governmental policies within several
economies will also remain the significant factor
negatively impacting growth of water quality
testing equipment market. FMI's report has
profiled some of the key players operating in the
global water quality test equipment market,
including ABB Ltd., Hanna Instruments, SUEZ,
Thermo Fisher Scientific, Inc., Agilent
Technologies Inc., Danaher Corporation (Hach),
Honeywell International Inc., Shimadzu
Corporation, and Emerson Electric Co. among
others. Press Release Source https//www.prnewsw
ire.com/news-releases/water-quality-testing-equipm
ent-market-expected-to-behold-a-cagr-of-5-5-throug
h-2018-2027--future-market-insights-300832691.html

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Water Quality Tester Market Analysis

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Water Quality Tester Market Analysis
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