LONDON--(BUSINESS WIRE)--Increased investment in new projects and capacity expansion activities within developing economies are boosting the prospects for the water analysis instrumentation market, according to a new report available on companiesandmarkets.com. By 2017, it is expected that the water analysis instrumentation market will be worth over $1.8 billion,
Water Analysis Instrumentation: A Global Strategic Business Report
Historically, end users of water analysis instruments were those in the utilities and water treatment markets, but more recently water testing has played an increasingly important part in quality control for a number of industries. The environmental, food and pharmaceutical markets must adhere to stringent regulations in relation to water quality, and are deploying water analysis equipment to ensure compliance.
The market is analysed by segment: laboratory-based water analysis systems - the largest segment - and online water analysis systems, which are forecast to see robust growth of 4.6% CAGR to 2017. In recent years, the majority of R&D has been for online systems, as a result of high demand for automated technologies.
The US is the largest water analysis instrumentation market, although the developing economies of Asia-Pacific will experience strongest growth through the reporting period, at 4.6% CAGR. The developed markets for water analysis instrumentation are saturated, and the industry is counting on reliant on growth in demand from emerging economies to keep the market buoyant.
The highly competitive market has forced water analysis instrument manufacturers to focus on innovation and technology development to differentiate them from their peers. Competition has also brought down prices, stimulating further demand.
Over 70 companies are profiled within the water analysis instrumentation research report for example, Mettler-Toledo International Inc, The ABB Group, Honeywell Process Solutions, Crison Instrument, SA, Hanna Instruments, Inc, Analytical Technology, Inc., GE Analytical Instruments, Inc and Hach Company.
The 446 page August 2011 report undertakes a thorough examination of the water analysis instrumentation market, including market analysis of the following geographies for the period 2003-2017: US, Japan, Europe, Asia-Pacific, and Rest of World.