Bottled Water Testing Equipment Market expands with the need for pure water

Market Overview:

The global bottled water testing equipment market was at US$ 6.0 billion in 2019 and is predicted to register an annual rate of 5.50% to reach US$ 7.8 billion in 2024. It continues to gain momentum as the emerging market in economies of the Asia-Pacific, Europe and others. Bottled water is available in both soft and non-carbonated versions. Therefore, it is necessary to test the quality of these bottled waters in order to meet the legal requirements and to check the safety against diseases.

Market Drivers and Restraints:

The growing need for water quality testing has driven market growth in recent years. Other essential factors include advances in testing technology, increased bottled water consumption and strict regulatory requirements. On the other hand, there are a few factors that prevent the market from exploiting its potential. The most important ones include high capital investment, the high cost of test equipment and the impact on the environment.

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Report segmented as

By Type:

• Traditional,
• Rapid (Spectroscopy, Chromatography, Testing Kits, Others)

By Test Type:

• Chemical,
• Physical,
• Microbial,
• Radiological

By Component:

• Instruments,
• Reference Materials,
• Consumables & Reagents

Geographical Analysis:

Based on geography, the global market is analyzed in several regions, namely North America, Europe, the Asia-Pacific region and the rest of the world. The market for bottled water testing equipment was dominated by the Asia-Pacific region with a share more than 34%. The Asia-Pacific region was followed by Europe and North America. Rapid growth is foreseen for the Asia-Pacific region, while the European market will stagnate in the coming years.

Important Market Players:

Some of the major companies dominating the Bottled Water Testing Equipment Market are Bio-Rad Laboratories Inc., Agilent Technologies Inc.Waters Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Shimadzu Corporation, Sigma-Aldrich Corporation, Restek, Accepta, Lamotte Company.

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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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Scope of the Report:

• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

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