The global bottled water testing equipment market was at US$ 6.0 billion in 2019 and is predicted to register an annual rate of 5.50% to reach US$ 7.8 billion in 2024. It continues to gain momentum as the emerging market in economies of the Asia-Pacific, Europe and others. Bottled water is available in both soft and non-carbonated versions. Therefore, it is necessary to test the quality of these bottled waters in order to meet the legal requirements and to check the safety against diseases.
Market Drivers and Restraints:
The growing need for water quality testing has driven market growth in recent years. Other essential factors include advances in testing technology, increased bottled water consumption and strict regulatory requirements. On the other hand, there are a few factors that prevent the market from exploiting its potential. The most important ones include high capital investment, the high cost of test equipment and the impact on the environment.
To know more, click on the link below:
Report segmented as
- Rapid (Spectroscopy, Chromatography, Testing Kits, Others)
By Test Type:
- Reference Materials,
- Consumables & Reagents
Based on geography, the global market is analyzed in several regions, namely North America, Europe, the Asia-Pacific region and the rest of the world. The market for bottled water testing equipment was dominated by the Asia-Pacific region with a share more than 34%. The Asia-Pacific region was followed by Europe and North America. Rapid growth is foreseen for the Asia-Pacific region, while the European market will stagnate in the coming years.
Important Market Players:
Some of the major companies dominating the Bottled Water Testing Equipment Market are Bio-Rad Laboratories Inc., Agilent Technologies Inc.Waters Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Shimadzu Corporation, Sigma-Aldrich Corporation, Restek, Accepta, Lamotte Company.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/bottled-water-testing-equipment-market/request-sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast