GIA predicts water analysis instrumentation market of $ 1.86 billion in 2017

GIA announces the release of a comprehensive global report on Water Analysis Instrumentation markets. The global market for Water Analysis Instrumentation is forecast to reach $1.86 billion by the year 2017. Most of the demand for water analysis instrumentation in the foreseeable future would be derived from developing markets, such as Latin America, Eastern Europe, Russia, India, and China. The economic activities in these regions have witnessed a tremendous growth in the past few years, resulting in significant increase in investments towards capacity expansions and new projects. These factors are indirectly providing the necessary impetus to the water analysis instrumentation market.

Defining parameters of any industry in the 21st century, and hold greater significance in water analysis, wherein the quality of water/aqueous solutions needs to be measured accurately and reliably to ascertain the success of the industry. The water analysis instrumentation market encompasses a wide range of instruments and devices, which are based on the techniques of Chromatography, Molecular Spectroscopy, and Electrochemistry among others. Besides, electronics have played a pivotal role in driving the current demand for water analysis instruments to their current levels. A majority of these instruments are now manufactured on the basis of established industry specifications, allowing greater compatibility between different devices as well as seamless operability with laptops and handheld devices. Over the years, the market for Water Analysis Instrumentation has come a long way from the use of a single instrument to measure each parameter to the development of multi-parameter instrumentation, process automation to on-line systems for measuring, monitoring and control of water quality.

The US represents the largest market for water analysis instrumentation, as stated by a new market research report on Water Analysis Instrumentation. Asia-Pacific is expected to emerge as the fastest growing market, with a projected Compounded Annual Growth Rate (CAGR) of 5.4% over the analysis period. Laboratory-based water analysis instruments represent the largest product segment in the water analysis instrumentation market, while online systems for water analysis instrumentation are likely to emerge as the fastest growing market segment with a CAGR of 4.6% over the analysis period.

Despite the low degree of penetration of online water analysis instruments, as compared to the laboratory-based systems, the segment continues to witness technical advances, given their use in industrial applications for the analysis of industrial effluents as well as industrial process water. Industrial applications represent the key end-use market, as automation is a necessary component of a majority of industries and on-line systems feature advantages, such as real-time evaluation and feedback. However, the growth and penetration of these systems in other end-use markets is limited by the high investments involved. Nevertheless, growth in Online Systems for water analysis instrumentation market is most likely to be driven by their application in the end-use industries as the laboratory-based systems market is highly saturated with very few innovations in the past several years in terms of technology as well as innovations.

Rise in competition is gradually aiding in product differentiation, price reduction, and technology enhancements, which in turn is fueling market growth in the water analysis instrumentation market. Municipal bodies and civil societies are generally cautious of embracing new technologies. However, the market is now at the cusp of transforming itself from being a niche technology, and is expected to gain substantially as civil utilities and municipal bodies in these emerging markets begin to increase their use of water analysis instrumentation for better wastewater treatment and potable water. Further, Water Testing plays a major role in determining the quality of the end product in several industries. Strict regulations enforced in the pharmaceutical, environmental, and food sector are encouraging companies from these industries to employ instruments that monitor and control water quality to ensure safety and compliance with set standards.

Select players profiled in the report include The ABB Group, Analytical Technology, Inc., Crison Instrument, SA, GE Analytical Instruments, Inc., Hach Company, Hanna Instruments, Inc., Honeywell Process Solutions, Mettler-Toledo International Inc., among others.

The research report titled “Water Analysis Instrumentation: A Global Strategic Business Report” announced by the Global Industry Analysts Inc., provides a comprehensive review of the Water Analysis Instrumentation market, its market overview, overview of water analysis, product segment overview, product launches/innovations, recent industry activity, and profiles of select market participants. The report provides annual value sales estimates and projections for Water Analysis Instrumentation market for the years 2009 through 2017 for the following regions- US, Japan, Europe, Asia-Pacific, and Rest of World. Key product segments analyzed include Laboratory-based Systems, and Online Systems. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Water_Analysis_Instrumentation_Market_Report.asp