Bottled Water Testing Equipment Market
Bottled Water Testing Equipment Market - Global Industry Assessment & Forecast
Segments Covered
- By Technology Traditional, Rapid
- By Componant Instruments, Consumables & Reagents, Reference Materials
- By Test Type Microbiological, Physical, Chemical, Radiological
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 6.7 Billion |
Revenue 2030: | USD 9.94 Billion |
Revenue CAGR (2023 - 2030): | 5.1% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
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The global Bottled Water Testing Equipment Market is valued at USD 6.7 Billion in 2022 and is projected to reach a value of USD 9.94 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.1% between 2023 and 2030.
Premium Insights
According to WHO, in 2022, globally, over 1.7 billion people globally relying on drinking water sources that have been tainted by faecal contamination. The presence of microorganisms in drinking-water due to faecal contamination represents the most significant threat to the safety of our drinking water. The increasing global demand for water testing equipment can be attributed to the growing preference for bacteria- and chemical-free water. Moreover, the surge in cases of water-borne diseases like typhoid, dysentery, and cholera is a significant contributing factor driving the market's expansion.
Bottled Water Testing Equipment Market Size, 2022 To 2030 (USD Billion)
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- Water safety has become threatened due to the increasing number of outbreaks of waterborne diseases, cases of adulteration, and toxicity. For instance, the United States is commendably known for its safe drinking water supply, there is still room for improvement in ensuring the overall safety of the water we use. It is concerning that approximately 7.2 million Americans fall ill annually due to waterborne diseases. To address this issue, the Centers for Disease Control and Prevention (CDC) has recently released estimates on the impact of waterborne diseases, encompassing all forms of water usage.
- North America generated more than 40.20% of revenue share in 2022
- Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
- Rapid segment accounted for the largest market growth. It contributed over 65.5% of the total revenue share in 2022
- Instruments segment revealed the most significant market growth, contributing more than 45.5% of the total revenue share in 2022
- Chemical will dominate the market in 2022 with market share of 46.2%
Economic Insights
Over the past five years, the Bottled Water Testing Equipment market has shown remarkable growth, with an impressive CAGR. One significant factor is the growing global demand for safe and high-quality bottled water, driven by an increase in health-consciousness and a rise in living standards. This has led to an increase in investment in technological advancements within the testing equipment sector, fostering innovation and efficiency. Additionally, governments worldwide recognize the importance of water safety and have implemented stringent regulations, which compel companies to invest in state-of-the-art testing solutions. This, in turn, creates a cycle of economic interdependence as companies of all sizes invest in research and development, resulting in job creation and overall economic growth.
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- Stringent regulations and quality standards: Stringent regulations and quality standards are driving the demand for advanced testing equipment in the bottled water industry. This is a result of increasing global concern about water quality and safety, which has led to stricter regulations and standards. The industry must invest in advanced testing equipment to ensure compliance with these parameters and regulations.
- Growing Awareness of Water Contaminants: The need for comprehensive testing solutions is fueled by rising consumer awareness of water contaminants and their potential health effects. As consumers become more informed about the potential risks associated with contaminants in water, bottled water producers are motivated to invest in advanced testing equipment. This allows them to address consumer concerns and enhance the overall quality of their products.
- Technological Advancements in Testing Equipment: Technological advancements in water testing equipment are contributing to increased efficiency and accuracy in detecting contaminants. The development of rapid testing methods and automation has revolutionized the industry, allowing for high-throughput testing. This advancement is crucial in meeting the demand for efficient and accurate testing in the bottled water industry.
- Increasing Adoption of Portable Testing Devices: The adoption of portable and on-site testing devices may see a rise in the bottled water industry. Producers can conduct real-time testing at different stages of production, ensuring quality control and prompt corrective actions. This trend allows for flexibility and convenience in testing processes.
- Focus on Sustainability and Eco-Friendly Practices: There is a growing emphasis on sustainability within the bottled water industry, which may lead to the adoption of eco-friendly testing equipment and practices. This could include using energy-efficient testing technologies and reducing the use of single-use plastics in testing processes. This focus on sustainability aligns with the overall industry trend towards environmentally-friendly practices.
Market Segmentation
Bottled Water Testing Equipment The global Bottled Water Testing Equipment market can be categorized into Technology, Componant, Test Type, Region. The Bottled Water Testing Equipment market can be categorized into Traditional, Rapid based on Technology. The Bottled Water Testing Equipment market can be categorized into Instruments, Consumables & Reagents, Reference Materials based on Componant. The Bottled Water Testing Equipment market can be categorized into Microbiological, Physical, Chemical, Radiological based on Test Type. The Bottled Water Testing Equipment market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.
Based on Technology
Rapid holds the largest share
The Rapid technology segment is set to dominate the market for Bottled Water Testing Equipment. Rapid technology represents a newer and more advanced category of testing equipment, offering significant advantages over traditional methods. Its notable benefits include enhanced speed, accuracy, and user-friendliness, making it a more efficient choice for testing bottled water. In contrast to traditional methods that may take hours or even days, Rapid technology delivers results within minutes. Not only does it provide quicker results, but it also offers higher accuracy by detecting contaminants at lower levels.
Based on Component
Instruments will dominate the market during Forecast Period
The Bottled Water Testing Equipment market is anticipated to be dominated by the because instruments play an indispensable role in conducting a wide range of tests on bottled water samples. They are essential tools for measuring various parameters such as acidity, dissolved solids, turbidity, light absorption, and the identification of specific contaminants. pH meters, conductivity meters, turbidity meters, spectrophotometers, and chromatographs are the instruments used in this industry.
Based on Test Type
Chemical test will lead the market
The Chemical test type segment will dominate the Bottled Water Testing Equipment market. This is because it plays a critical role in detecting a wide range of harmful chemicals found in bottled water, such as heavy metals, pesticides, and fertilizers. Heavy metal testing is an essential chemical test conducted on bottled water, specifically focusing on elements like lead, arsenic, and mercury. Consuming elevated levels of these metals can pose health risks. Pesticide testing ensures the absence of harmful chemicals used to combat pests, while fertilizer testing addresses the potential health risks associated with excessive fertilizer consumption.
Based on Region
North America will lead the market
North America lead the Bottled Water Testing Equipment market due to increasing affluence and a growing emphasis on health consciousness among consumers. Another contributing factor is North America's strict regulatory requirements for bottled water safety. Due to these regulations, there is a high demand for testing equipment in order to ensure compliance among bottled water companies. Furthermore, North America stands out in its early adoption of cutting-edge technologies. Bottled water companies in the region are quick to integrate advanced testing equipment, which improves both efficiency and precision in their processes.
Competitive Landscape
The global Bottled Water Testing Equipment market is characterized by a diverse range of key players; The industry leaders actively seek strategic partnerships and collaborations to expand their product offerings and strengthen their global presence. Meanwhile, innovative startups and new entrants enhance the competitiveness of the market by introducing disruptive technologies and unique solutions. Competition in the bottled water testing equipment market also revolves around continuous research and development efforts aimed at introducing advanced features and ensuring compliance with changing regulations.
The players in the global Bottled Water Testing Equipment market include Bio-Rad Laboratories, Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Perkinelmer, Shimadzu Corporation, Sigma-Aldrich Corporation, Restek, Accepta, Lamotte Company among others.
Recent Market Developments
- 2022: In order to strengthen their testing capabilities in the regions, SGS group successfully launched two new geochemistry facilities in Australia and south Wales. These cutting-edge facilities are dedicated to conducting sample preparation and testing, thus significantly bolstering the company's testing capacity.
Segmentation of the Global Bottled Water Testing Equipment Market
Parameter | Details |
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Segments Covered |
By Technology
By Componant
By Test Type
By Region
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Regions & Countries Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
FAQ
Frequently Asked Question
What is the global demand for Bottled Water Testing Equipment in terms of revenue?
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The global Bottled Water Testing Equipment valued at USD 6.7 Billion in 2022 and is expected to reach USD 9.94 Billion in 2030 growing at a CAGR of 5.1%.
Which are the prominent players in the market?
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The prominent players in the market are Bio-Rad Laboratories, Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Perkinelmer, Shimadzu Corporation, Sigma-Aldrich Corporation, Restek, Accepta, Lamotte Company.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.1% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Bottled Water Testing Equipment include
- Growing utilisation of bottled water
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Bottled Water Testing Equipment in 2022.