The Water Testing and Analysis Market is estimated to hit $5.9 billion by 2023

1
Water Testing and Analysis Market 2018 - 2023

• The Water Testing and Analysis Market is
  estimated to hit 5.9 billion by 2023

2
Europe continues to lead the market share during
2018-2023.

• Europe is the largest market by revenue for
  Water Testing and Analysis Market. The European
  market for this product type was estimated to be
  1.522 billion in 2017. The Europe portable
  testing equipment market is forecast to grow at a
  CAGR of 6.3 and is forecast to reach 2.169
  billion by 2023. The water facilities in Germany
  and U.K. accounts for the highest share of
  advanced water testing and treatment with very
  low distribution losses compared to other
  developed countries. With the increased usage of
  water testing equipment as well as water testing
  and analysis through online technology, the
  European region is estimated to be the market
  leader for the next five years.
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3
Selected Market Share Analysis done in the
full report

• The major end user of this market is for the
  industrial purpose where huge quantities are used
  on daily basis all over the globe. In industries
  the water is reused after the treatment and at
  this stage the testing and analysis equipment
  plays a major role. With the highest revenue of
  1.90 billion, the industrial segment was leading
  the market in 2017 and projected to reach 2.786
  billion by 2023 at 6.8 CAGR.

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4
Excerpts on Market Growth Factors Mentioned in
the Full Report

• The stringent government regulations in the
  Americas and water scarcity are the main drivers
  for the increase in demand for water testing and
  analysis in this region.
• The escalating awareness about the importance of
  water quality monitoring is the key driver for
  the water testing market in the wastewater
  management industry.
• The major drivers of the market are product
  miniaturization and increasing demand for quicker
  screening in industries such as pharmaceutical.
• The key driving factors for the growth of water
  testing and analysis market are rapid
  industrialization, growing water needs in
  developing countries and government stringent
  regulations on safe water.
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5
Key Players of the Water Testing and Analysis
Market

• Danaher Corporation, Thermo Fisher Scientific,
  Inc, Agilent Technologies Inc, General Electric
  Company, and ABB Ltd are the top five key
  companies in the Water testing and analysis
  market. General Electric Company holds largest
  share in terms of revenue in the water testing
  market followed by ABB Ltd and Danaher
  Corporation. General Electric Company invested
  highest share of capital for RD to enhance and
  improve its product portfolio.

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