The report on environmental water testing market covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.
DALLAS, United States – December 7, 2019 /MarketersMedia/ —
Global Environmental Water Testing Market 2019 research report provides information regarding market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also includes the overall and comprehensive study of the environmental water testing market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the environmental water testing industry and provides data for making strategies to increase market growth and effectiveness.
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The global environmental water testing market size is expected to reach a valuation of USD 5.35 billion by 2025. Water quality is expected to deteriorate quickly over the next few decades, increasing hazards to human health, financial growth and thousands of aquatic ecosystems in both developed and developing economies. This has led to governments all over the globe to take preventive measure to avoid water shortage and water contamination contingencies, in collaboration with private corporations. Such measures are majorly affecting the acceleration of the global environmental water testing market.
The global environment water testing market segmented on the basis of test types was dominated by the TOC accounting for nearly 30% of the overall market in 2018. Total organic carbon (TOC) in an aqueous system is a measure of the complete carbon content in organic compounds. It has become a significant parameter for monitoring general concentrations of current organic compounds. TOC is an analytical technique that helps institutions comprehend whether the water they are using is adequately pure for their procedures. All water includes some carbon materials, no matter how pure. Many of these products are brought into the water during purification and manufacturing from the water source, or from equipment and structures.
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Increasing investments in ensuring water security has been a major driver in the environmental testing market. Technological advances such as the use of electronics and the development of multiparameter testing tools help transform the industry. The industry has come a long way from using a single tool to assess each parameter to multi-parameter instrumentation growth and internet water quality measurement, tracking and control systems. Innovation around product simplicity and user-friendliness will assist stimulate end-user acceptance.
Asia and the Pacific are the global water insecurity hot spot. The International Institute for Applied Systems Analysis estimates that by 2050 up to 3.4 billion individuals may be living in Asia’s water-stressed regions. In addition, Afghanistan, China, India, Singapore, and Pakistan will have the lowest water availability per capita. Recent similar study on climate change predictions and water security by the Massachusetts Institute of Technology reinforces the potential for population growth and industrialization to exacerbate water access issues with climate change further aggravating the issue. China and India will have different drivers for water pressure (owing to differing paces of industrialization and population growth) but will undoubtedly be the hot spots of the region with their huge populations. The region is already at greatest danger due to water-related calamities, including storms, floods, and droughts. Asia has endured half of the estimated worldwide financial costs of disasters in particular over the previous 20 years: about $53 billion annually. Countries like the Philippines are experiencing more intense than more frequent extreme occurrences. Likewise, there is an increase in the amount of hot days and warm nights and it is expected that this will continue. Such changes along with limited data availability and weak resource management is expected to further aggravate water security. This has led to Asia Pacific being the largest market for environmental water testing market, accounting for approximately 30% of the overall market in 2018. China led the Asia Pacific environmental water testing market and was valued at approximately USD 380 million in 2018.
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Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Environmental Water Testing Market Overview, By Test Type
Chapter 5. Environmental Water Testing Market Overview, By Product Type
Chapter 6. Environmental Water Testing Market Overview, By Application
Chapter 7. Environmental Water Testing Market Overview, By End Users
Chapter 8. Environmental Water Testing Market Overview, By Region
Chapter 9. Company Profiles
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