Increasing Need For Supply Of High-Quality Water Drives Growth In The Water Analysis Instrumentation Market, According To New Report By Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Water Analysis Instrumentation markets. Global market for Water Analysis Instrumentation is projected to reach US$3 billion by 2018, driven by growing population, rising need for safe and clean water, tightening drinking water standards and stricter regulations for protection of water resources.
San Jose, CA (PRWEB) - Supply of clean and safe water has been a major challenge confronted by municipal organizations and industries alike over the past several years. Rapid growth in population and industrialization led to significant contamination issues as well as shortage in 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. Technological advancements such as use of electronics and emergence of instruments that test multiparameters have been playing a pivotal role in transforming the market. The market for water analysis instrumentation comprises several types of instruments designed to measure different parameters of water, such as pH, ORP, dissolved oxygen, turbidity, and conductivity among others. These instruments find application in monitoring effluents, product contamination, potable water, and wastewater.
The market has come a long way from the use of a single instrument to measure each parameter to the development of multi-parameter instrumentation, and online systems for measuring, monitoring, and controlling water quality. 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. The capability of these systems to incorporate automation in monitoring, through real-time evaluation and feedback, make them particularly invaluable in industrial applications. Online water analysis instrumentation is therefore projected to emerge as the fastest growing market. The relatively higher growth expected is in part due to saturation in the laboratory-based water analysis instrumentation market, which witnessed very few technology innovations over the last couple of years. However, growth and penetration in other end-use markets remains limited due to the higher upfront costs and investments associated with these systems.
As stated by the new market research report on Water Analysis Instrumentation, 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. Asia-Pacific, particularly, is projected to emerge as the fastest growing regional market with a CAGR of 11.3% over the analysis period. 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.
Major players covered in the report include The ABB Group, Emerson Process Management, GE Analytical Instruments Inc., Hach Company, Hanna Instruments Inc., Honeywell Process Solutions, Mettler-Toledo International Inc., Precision Sensing GmbH, Thermo Fisher Scientific Inc. and Xylem Inc. among others.
The research report titled “Water Analysis Instrumentation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Market segments analyzed in the report include Laboratory-based Systems, and Online Systems.
For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Water_Analysis_Instrumentation_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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