The water hardness test strip market size is expected to see steady growth in the next few years. It will grow to $72.47 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The anticipated growth in the forecast period can be attributed to heightened awareness of water quality, growing concerns regarding health and safety, increased environmental awareness, growth in residential construction, and a rising incidence of plumbing issues caused by hard water. Major trends expected in the forecast period include technological advancements in water testing equipment, strategic partnerships within the same line of business, the integration of drones and unmanned aerial vehicles, the adoption of advanced data visualization and interpretation software for geophysical analysis, and a shift towards wireless and autonomous geophysical equipment.
The increasing need for water softening solutions is anticipated to drive the expansion of the water hardness test strip market in the coming years. Water softening solutions involve methods or systems aimed at reducing the concentration of minerals, typically calcium and magnesium ions, in water. These solutions aim to address issues associated with hard water, such as scale buildup and decreased soap lathering ability. The water hardness test strip contributes to the growing demand for water softening solutions by offering consumers accessible and accurate methods to gauge the mineral content in their water, thereby encouraging the adoption of suitable water treatment measures. For instance, in 2022, the Water Quality Association (WQA), a US-based not-for-profit association, reported a notable increase in sales of water softening systems, with a 10% rise recorded in 2021 compared to the previous year. Hence, the increasing demand for water softening solutions is projected to propel the growth of the test strip market.
Key companies in the water hardness testing market are intensifying their efforts to develop industrial test kits as a means to enhance their competitiveness in the market. Industrial use test kits pertain to specialized testing equipment designed for diverse industrial applications to assess specific parameters or qualities. For example, in August 2023, Tintometer GmbH, a Germany-based water testing company, introduced Lovibond test kits tailored specifically for industrial purposes. These test kits are customized to suit various industrial processes, offering user-friendly and application-specific features. The Lovibond test kits come in compact and durable cases, making them well-suited for on-the-go use as 'mini-labs' directly at the site. A significant advantage is the consolidation of all devices, reagents, and accessories from a single source, simplifying the management of supplements or supplies if necessary.
In November 2021, Fluidra S.A., a Spain-based pool manufacturing company, acquired Taylor Water Technologies LLC for an undisclosed sum. The acquisition is poised to enhance Fluidra's portfolio of pool and spa testing products and solutions, laying a solid groundwork for future advancements in water testing. Taylor Water Technologies LLC is a US-based manufacturer of water-testing solutions, encompassing test kits, test strips, and instruments for monitoring water quality, particularly in the residential and commercial pool segments.
Major companies operating in the water hardness test strip market are Thermo Fisher Scientific Inc., Hach Company, Hanna Instruments Inc., Colorkim Kimya San. Ltd., Macherey-Nagel GmbH & Co. KG, OMEGA Engineering Inc., TAYA GmbH, Palintest Limited, Industrial Test Systems Inc., Ecopack Limited, Sensafe Ltd., LaMotte Company, Azpack Limited, Chemetrics Inc., AquaPhoenix Scientific Inc., Lovibond Tintometer, Micro Essential Laboratory Inc., Precision Laboratories LLP, Solinst Canada Ltd., Wagtech Projects Ltd., Aqua Cure Ltd., Serim Research Corporation, Johnson Test Paper Ltd., Aerco International Inc., EcoPure.
Asia-Pacific was the largest region in the water hardness test strip market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the water hardness test strip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the water hardness test strip market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Water hardness test strips serve as diagnostic tools utilized to gauge the mineral content in water, particularly the concentration of calcium and magnesium ions. Typically, these strips are composed of paper or plastic imbued with chemical reagents that undergo a color change upon encountering these ions.
The primary types of water hardness test strips involve measurement of calcium concentration and measurement of magnesium concentration. Calcium concentration measurement involves determining the quantity of calcium ions present in water, which is essential for assessing water hardness levels affecting appliance efficiency and product quality across various industries. These strips are distributed through both retail and non-retail sales channels, catering to diverse applications including industrial, laboratory, and others.
The water hardness test strip market research report is one of a series of new reports that provides water hardness test strip market statistics, including water hardness test strip industry global market size, regional shares, competitors with water hardness test strip market share, detailed water hardness test strip market segments, market trends, and opportunities, and any further data you may need to thrive in the water hardness test strip industry. This water hardness test strip market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The water hardness test strip market consists of sales of single-parameter test strips, visual color indicator strips, and digital test strips. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Water Hardness Test Strip Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on water hardness test strip market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for water hardness test strip ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water hardness test strip market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Calcium Concentration Measurement; Magnesium Concentration Measurement2) By Sales Channel: Retail; Non-Retail
3) By Application: Industrial; Laboratory; Other Applications
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Hach Company; Hanna Instruments Inc.; Colorkim Kimya San. Ltd.; Macherey-Nagel GmbH & Co. KG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Thermo Fisher Scientific Inc.
- Hach Company
- Hanna Instruments Inc.
- Colorkim Kimya San. Ltd.
- Macherey-Nagel GmbH & Co. KG
- OMEGA Engineering Inc.
- TAYA GmbH
- Palintest Limited
- Industrial Test Systems Inc.
- Ecopack Limited
- Sensafe Ltd.
- LaMotte Company
- Azpack Limited
- Chemetrics Inc.
- AquaPhoenix Scientific Inc.
- Lovibond Tintometer
- Micro Essential Laboratory Inc.
- Precision Laboratories LLP
- Solinst Canada Ltd.
- Wagtech Projects Ltd.
- Aqua Cure Ltd.
- Serim Research Corporation
- Johnson Test Paper Ltd.
- Aerco International Inc.
- EcoPure
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 61.76 Billion |
Forecasted Market Value ( USD | $ 72.47 Billion |
Compound Annual Growth Rate | 4.1% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |