A new research report recently added by Transparency Market Research offers a thorough overview of the global bottled water testing equipment market. The study, titled “Bottled Water Testing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” throws light on the key factors that are likely to encourage the growth of the overall market throughout the forecast period. In addition, the key segmentation and the competitive landscape of the market have been highlighted in the scope of the research report.
Innovations and technological advancements in testing equipment are the key factors anticipated to accelerate the growth of the market in the next few years. In addition to this, the rising consumption of bottled water and the growing need for quality testing of water are predicted to boost the demand for improved bottled water testing equipment market in the near future. On the other hand, the high cost of testing equipment is one of the key factors restricting the growth of the market. Moreover, the requirement of high capital investment is a major challenge for the new entrants of the global bottled water testing equipment market.
On the basis of component, the global market for bottled water testing equipment can be segregated into consumables and reagents, instruments, and reference materials. In terms of test type, the market can be divided into physical, microbiological, chemical, and radiological. The strict regulations for quality of bottled water have resulted in several new and improved testing equipment. The high scope of growth in emerging economies is projected to generate promising opportunities for the key players operating in the global bottled water testing equipment market in the next few years.
Among the key regional segments, the Asia Pacific excluding Japan region is expected to witness high growth throughout the forecast period. This growth can be contributed to the tremendously rising population and the growing demand for bottled water testing equipment from India. Furthermore, Western Europe and North America are projected to experience significant growth in the next few years. The strict rules and regulations by governments worldwide for sale of bottled water are estimated to drive the global bottled water testing market throughout the forecast period.
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The global bottled water testing equipment market is growing significantly, owing to which the competition in the market is expected to remain stiff throughout the forecast period. Some of the prominent players operating in the market are Perkin Elmer, Inc., Shimadzu Corporation, Agilent Technologies, Inc., ThermoFisher Scientific, Inc., Accepta AS, Waters Corporation, LaMotte Company, Inc., Bio-Rad Laboratories, Inc., and Restek Corporation. These players are focusing on technological advancements and innovations in order to retain their position in the next few years.