The rising need for safe and clean water, the tightening of drinking water standards and stricter regulations for protection of water resources are key factors set to drive the water analysis instrumentation market to a total of approximately $3 billion by the end of 2018.
The supply of clean and safe water has been a major challenge confronted by municipal organisations and industries alike over the past several years. Rapid growth in population and industrialisation has led to significant contamination issues as well as a shortage in the availability and supply of clean water.
Water analysis in various industrial sectors and municipalities has been in existence for several years. However, increasing concerns over water contamination and stringent water quality control regulations have been the key growth drivers in the water analysis instrumentation market over the recent years.
According to a recent market report, 'Water Analysis Instrumentation: A Global Strategic Business Report,' Europe represents the largest market worldwide. Relative saturation of demand has slowed down the pace of growth in various developed markets, including Europe.
Increasing awareness over water quality issues meanwhile, have created significant interest in monitoring technologies in developing markets, which are expected to spearhead global growth in the coming years.
The area with the fastest growth rate looks set to be represented by Asia-Pacific, increasing at a compound annual growth rate (CAGR) of 11.3% through 2018.
Growth in the region is led by environmental concerns, increasing stringency in water regulations, growing population and need for safe drinking water, and strong demand for high-quality water from the industrial sector
Laboratory-based water analysis instrumentation represents the largest product market with growth supported by the ever present need for analysis of industrial effluents and process water. For online systems, industrial applications represent a key end-use market.
For more information on the water analysis instrumentation market, see the latest research: Water Analysis Instrumentation Market
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