The Water Testing and Analysis Market is estimated to hit $5.9 billion by 2023 - PowerPoint PPT Presentation

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


The global water testing and analysis market generated a revenue of $4060.2 million in 2017 and is expected to rise with a CAGR of 6.7% during the forecast period of 2018-2023. Among the different types of tests, the pH test generated the maximum market share of $1400.1 million in 2017 and is projected to rise in the coming years with a CAGR of 7% during forecast year of 2018-2023. – PowerPoint PPT presentation

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

Water Testing and Analysis Market 2018 - 2023
  • The Water Testing and Analysis Market is
    estimated to hit 5.9 billion by 2023

Europe continues to lead the market share during
  • 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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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.

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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Key Players of the Water Testing and Analysis
  • 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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