Water Analysis Instrumentation Market Report Overview
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The global water analysis instrumentation market size is expected to be USD 3.279 billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with water analysis instrumentation experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 5.402 billion in 2031, exhibiting a CAGR of 5.7% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Water analysis instrument are used to determine the presence of dangerous chemicals and biological weapons in water. Rising population and a significant increase in the rate of industrialization have significantly increased water pollution, affecting aquatic ecosystems globally. The ever-increasing popularity for secure, clean, and high-quality water has compelled government agencies to take significant steps to combat the growing problem of water pollution.
Water analysis instrument are used to identify the physical, contaminant, and biological properties of water, as well as contaminants. Drinkable water analysis is required because many disease-causing microorganisms and pollutants can pose serious health risks. Chemical sanitizers and their by-products pose a potential health hazard; therefore, regulatory authorities have enacted stringent water quality regulations.
COVID-19 Impact: Interruption in Supply Chains to Decline Market Share
The eruption of coronavirus illness (COVID-19) did act as a humongous restriction mostly on water analysis instrumentation market in 2020, as supply chains have been interrupted because of international limitations and utilization has declined due to global government lockdowns. COVID-19 is an extremely contagious disease characterized by flu-like symptoms such as fever, coughing, and difficulty breathing. The virus was discovered in Wuhan, and has since spread throughout the world, which include West Europe, Asia, North America. Covid-19 has had a significant impact on a number of industries, one of which is the instrumentation industry. A shutdown, boundary shutdown, lockdowns, followed by other forms of suppression have only exacerbated the situation. To cope with this pandemic scenario, all travel and outdoor activities were suspended. Because of health and safety concerns, all of the individuals were staying at home, which has a negative impact on the instrumentation market and on every other market for machinery and equipment. Due to the global lockdown caused by the Covid-19 pandemic, the production of different goods inside the water quality instrument market has been halted. This has hampered the growth of the water quality instrument market in recent months and is expected to continue in 2021.
Due to Covid-19 restrictions, online activities of schools and colleges have already impacted sale prices of water quality instruments in the first quarter of 2021, and are expected to have a negative impact on market growth throughout the year.
Latest Trends
"Technological Advancements to Intensify Market Magnification "
Technological advancements in research instruments development (from laboratory-based models to portable and digital-based models), as well as a technological shift toward the design of multi-parameter instruments, are likely to provide key players with opportunities for growth for the instrumentation market.
Water Analysis Instrumentation Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into portable water analysis instrumentation, benchtop water analysis instrumentation
Portable water analysis instrumentation is the leading part of the type segment
- By Application Analysis
According to application, the market can be segmented into laboratory, industrial, government, others
Laboratory is the leading part of the application segment
Driving Factors
"Rising Requirement for High- Quality Water to Boost Market Share "
Water is essential to all kinds of life prevailing on Earth. An adequate, dependable, clean, accessible, acceptable, and safe drinking water supply must be available for various users as a criterion. The United Nations (UN) followed by other countries have declared safe drinking water to be an essential human right and a necessary step toward improving living conditions. Rising requirement for safe and high-quality water, increased investment in the petrochemical and refining industries, and restrictive water quality control provisions around the world are driving the water analysis instrumentation market share.
"Awareness Programs to Aid Market Forwarding"
Government projects and awareness programs in response to rising environmental concerns, growing population requirement for safe drinking water, and the formation of quality regulation and safety regulations by government sectors are expected to propel the expansion of water instrumentation market.
Restraining Factors
"Economic Insecurity to Deplete Market Advancement "
Economic insecurity and a scarcity of certified professionals are the major impediments to the expansion of the instrumentation market. The merging of these variables limits the water analysis instrumentation market growth in the coming years.
Water Analysis Instrumentation Market Regional Insights
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"Presence of Pharmaceutical Industry to Foster Market Growth in North America and Asia Pacific "
Because of the presence of a significant number of pharmaceutical industry and stricter regulatory in the United States, which requires the demand for water analysis within those massive pharmaceuticals companies, North America records for a lead share of the worldwide water analysis instrumentation market. Shale gas the production in the United States is also significantly contributing to the growth of the North American instrumentation market.
Due to rising environmental issues, the increasing need for drinkable water as the population grows, and the rising number of certified labs for assessment of drinking water contaminants, Asia Pacific is expected to have a huge potential for growth in the instrumentation market.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- HACH (U.S.)
- Xylem (U.S.)
- ABB (Switzerland)
- Emerson (U.S.)
- Thermo Scientific (U.S.)
- Honeywell (U.S.)
- SUEZ (GE) (Paris)
- Endress+Hauser (Switzerland)
- Yokogawa (Japan)
- Horiba (Japan)
- Metrohm (Switzerland)
- SWAN (India)
- Focused Photonics (China)
- Omega (Switzerland)
- Lovibond (U.K.)
- Myron L Company (U.S.)
- LaMatte (U.S.)
- Lianhua Technology (China)
- Shanghai REX Instrument (China)
- Analytical Technology (U.S.)
Report Coverage
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3.279 Billion in 2022 |
Market Size Value By |
US$ 5.402 Billion by 2031 |
Growth Rate |
CAGR of 5.7% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global water analysis instrumentation market expected to touch by 2031?
The global water analysis instrumentation market is expected to touch USD 5.402 billion in 2031.
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What CAGR is water analysis instrumentation market expected to exhibit during 2023-2031?
The water analysis instrumentation market is expected to exhibit a CAGR of 5.7% over 2022-2031.
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Which are the driving factors of the water analysis instrumentation market?
Rising requirement for high- quality water and awareness programs to drive the water analysis instrumentation market.
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Which are the top companies operating in the water analysis instrumentation market?
HACH, Xylem, ABB, Emerson, Thermo Scientific are the top companies operating in the water analysis instrumentation market.