By Vijay Ovhal
An increased emphasis on mitigating the detrimental impacts of water pollution will foster new growth opportunities for the water testing and analysis market over the coming years.
Exacerbated by consumers globally, water pollution has come up as a horrendous issue over the years. Since water is considered a universal solvent, it is far more prone to getting contaminated by industrial effluents and pollutants. This poses an extreme risk of destruction to all species.
Based on facts stated by WaterAid:
- An estimated 77 million people worldwide lack access to clean water close to home.
- 29% of schools across the globe do not have clean water.
- A newborn dies every minute due to infection caused by an unclean environment and lack of safe water.
- If everyone, everywhere, had the availability of clean water, the number of diarrheal deaths would be slashed by a third.
Statistics look stark and highlight the need for regular water testing and analysis, monitoring and compliance with water quality standards to ensure healthier communities, better well-being, and a thriving green economy.
Escalating environmental concerns to stimulate water testing and analysis market outlook.
The reason why water testing and analysis is of great significance in limiting environmental degradation is that industrial outputs across both developed and economies have grown considerably in recent years resulting in the subsequent surge in wastewater and industrial sludge discharge into waterbodies.
While these statistics are highly discomforting, they invoke an urgent requirement to upgrade the existing wastewater treatment infrastructure in order to minimize the impact of toxicity of water pollution on marine life and downsize the prospects of water scarcity.
Since water is crucial for everything ranging from agricultural, industrial, and commercial to household and general applications, companies and product manufacturers worldwide have been accelerating their efforts toward introducing cutting-edge innovations and water testing and analysis equipment to ensure that water consumed in any form is safely tested and treated.
To that end, in February 2023, Thermo Fisher Scientific introduced two new wet chemistry analyzers, Gallery™ Plus Aqua Master and Gallery™ Aqua Master. The newly launched analyzers, with the help of custom-designed software, provide fully automated extensive workflow automation for coincidental multiparameter, high-throughput U.S. EPA, and international standards-compliant wet chemistry testing.
The water analysis systems are easy to use, can be used for agricultural, environmental, and industrial testing, and are suitable for users with different levels of expertise. These can be operated by a single technician after a few hours of training, thus, helping labs boost their efficiency and better protect their operations from staff shortages.
Increasing waste generation across the U.S. to create water testing and analysis market growth prospects.
- Only 70% of the total wastewater generated in the USA can be treated before it goes back to earth through reclamation.
- 40% of lakes in the United States are so jam-packed with pollution that they are considered unsafe for organisms and aquatic animals to live, swimming or fishing.
While these estimates might not shock readers in other countries, learning such disturbing facts about the worsening water pollution scenario in the U.S. is nothing short of alarming. However, the federal government, in collaboration with other regulatory authorities, has been undertaking required initiatives and rolling out legislation to lay the foundation of a pollution-free future for the citizens.
To illustrate, in February 2023, the Joplin Board of Education sanctioned $400,000 as part of a $5.25 million capital expenditure budget for the academic year 2023-24 for testing lead in schools' water. The move came in response to the "Get the Lead Out of School Drinking Water Act" that came into force last summer.
It requires schools to install filters if the lead concentration in the drinking water exceeds the 5 parts per billion thresholds, commencing in the FY2024, which begins July 1. The legislation asks schools to prioritize kindergarten, early childhood, and elementary school buildings in revamping and purifying drinking water outlets.
Implementation of such norms and legislation will fuel the deployment of water testing and analysis market across the country, which, in consequence, will foster industry growth through the coming years.
While the aforementioned pointers are some of the crucial ones driving the expansion of the water testing and analysis market, the role of plastics simply cannot be ignored.
Seemingly everything that is out for sale is wrapped in plastic as the material is cheap to produce, can play different roles, withstand severe damage, and can be molded in desired shapes.
This is why businesses with limited ecological concerns continue using plastics despite their ill effect on the environment and human health, as it is a major contributor to the generation of non-renewable waste that often ends up in landfills or waterbodies.
With the increased cognizance of the ill effects of consuming untreated or poorly treated water and governments from the world over coming to rescue humankind from the polluting environment, the water testing and analysis market is poised to garner lucrative gains in the coming years.