How much is the Water Analysis Instruments industry worth? August 25, 2021
Water analysis instruments are used to analyze water to detect the presence of hazardous chemicals and biological agents. Rising population and significant increase in rate of industrialization has increased water pollution notably which is affecting aquatic ecosystems at a global level. Ever increasing demand for safe, clean, and quality water has forced government organizations to undertake major steps against growing issues of water pollution. Water analysis instruments are used to determine the physical, chemical, and biological properties and contaminants in water. Drinking water analysis is a mandatory process as many disease causing micro-organisms and contaminants can pose significant health risks. Chemical disinfectants and their byproducts act as a potential source of health risk; therefore, regulatory bodies have enacted stringent regulations related to water quality requirements on the discharge of treated water from industries.
The water analysis instruments market is driven by rising demand for safe and high quality water, increasing investment in refining and petrochemical sectors, and stringent water quality control regulations across the globe. Government initiatives and awareness campaigns due to rising environment concerns, growing population creating huge demand for safe drinking water, and establishment of quality control and safety regulations from government sectors is likely to boost the growth of the water analysis instruments market. Technological advancement in instruments development (from laboratory based to portable and digital based models), and technological shift towards design of multi-parameter instruments is likely to provide growth opportunity to key players. Economic instability, and lack of skilled technicians are the major restraining factors for the growth of the global water analysis instruments market.
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The global water analysis instruments market has been segmented based on instrument type, method of analysis, end-user, and region. In terms of instrument