Asia Pacific Water Testing and Analysis Market was worth USD 0.55 billion in 2019 and is expected to grow at a CAGR of 7.5%, to reach USD 0.79 billion by 2024.
Water is an essential component for the daily life of humans as well as for manufacturing and cleaning purposes in the majority of the industries. Due to various reasons, water gets contaminated by germs, chemicals, soil particles, and many other factors. Groundwater is generally contaminated due to leaching of chemicals and surface water is contaminated by the diversion of wastewater from human and industrial consumption, soil erosion, and some other elements.
Market Drivers and Restraints:
Strict regulations on water standards by government organizations, increasing awareness regarding the usage of quality water in industries as well as in people has increased the demand for water testing equipment. Growing water consumption due to increasing population and technological advances in water testing equipment is also expected to drive the market. However, the high cost of equipment and lack of sufficient water testing infrastructure in emerging countries are restraining the market.
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Report segmented as
By Product Type:
Total Organic Carbon
Based on geography, the Asia Pacific market is categorized into China, India, Japan, Australi, and South Korea. The Asia Pacific is expected to be the fastest-growing segment due to the increasing awareness regarding the water quality, and it also presents many opportunities due to many unmet needs in water testing equipment in highly populated countries like India and China.
Important Market Players:
Some of the major players in this region are General Electric Company, Thermo Fisher Scientific, Inc., Agilent Technologies Inc., Emerson Electric Co., Honeywell International Inc., Tintometer Gmbh, Danaher Corporation, Horiba, Ltd., Abb Ltd., and Mettler-Toledo International Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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