Water Quality Testing Equipment Market Opportunities and Strategies to 2034

This report describes and explains the water quality testing equipment market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global water quality testing equipment market reached a value of nearly $4.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.90% since 2019. The market is expected to grow from $4.6 billion in 2024 to $6.33 billion in 2029 at a rate of 6.59%. The market is then expected to grow at a CAGR of 6.28% from 2029 and reach $8.59 billion in 2034.

Growth in the historic period resulted from the increasing instances of water contamination, increasing infrastructure development, increasing industrialization and expansion in agriculture and aquaculture. Factors that negatively affected growth in the historic period were limited public awareness and understanding.

Going forward, the increasing demand for clean water, favorable government support, increasing urbanization and increasing smart city initiatives will drive the growth. Factor that could hinder the growth of the water quality testing equipment market in the future include restrictions on free trade.

The global water quality testing equipment market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 20.09% of the total market in 2024. ABB Ltd was the largest competitor with a 2.32% share of the market, followed by Pentair plc with 2.26%, Thermo Fisher Scientific Inc with 2.09%, Eurofins Scientific SE with 2.04%, Xylem Inc with 1.96%, Agilent Technologies Inc with 1.96%, Endress+Hauser Group with 1.95%, Shimadzu Corporation with 1.87%, Mettler-Toledo International Inc with 1.82% and Metrohm AG with 1.80%.

North America was the largest region in the water quality testing equipment market, accounting for 35.77% or $1.64 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the water quality testing equipment market will be Asia Pacific and Middle East where growth will be at CAGRs of 8.63% and 7.59% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 7.50% and 6.73% respectively.

The water quality testing equipment market is segmented by device type into stationary or bench-top, portable and in-situ sondes. The stationary or bench-top market was the largest segment of the water quality testing equipment market segmented by device type, accounting for 65.61% or $3.02 billion of the total in 2024. Going forward, the portable segment is expected to be the fastest growing segment in the water quality testing equipment market segmented by device type, at a CAGR of 10.68% during 2024-2029.

The water quality testing equipment market is segmented by test type into pH (power of hydrogen) test, dissolved oxygen test, conductivity test, turbidity test, tissue dielectric constant (TDC) tests and multiparameter. The pH (power of hydrogen) test market was the largest segment of the water quality testing equipment market segmented by test type, accounting for 28.95% or $1.33 billion of the total in 2024. Going forward, the dissolved oxygen test segment is expected to be the fastest growing segment in the water quality testing equipment market segmented by test type, at a CAGR of 8.10% during 2024-2029.

The water quality testing equipment market is segmented by application into industrial, environmental, aquaculture, government and other applications. The industrial market was the largest segment of the water quality testing equipment market segmented by application, accounting for 51.68% or $2.37 billion of the total in 2024. Going forward, the industrial segment is expected to be the fastest growing segment in the water quality testing equipment market segmented by application, at a CAGR of 7.45% during 2024-2029.

The top opportunities in the water quality testing equipment market segmented by device type will arise in the stationary or bench-top segment, which will gain $808.6 million of global annual sales by 2029. The top opportunities in the water quality testing equipment market segmented by test type will arise in the pH (power of hydrogen) test segment, which will gain $485.68 million of global annual sales by 2029. The top opportunities in the water quality testing equipment market segmented by application will arise in the industrial segment, which will gain $1.02 billion of global annual sales by 2029. The water quality testing equipment market size will gain the most in the USA at $422.0 million.

Market-trend-based strategies for the water quality testing equipment market include focus on innovative solutions to improve chlorine detection in wastewater applications, focus on ensuring safe drinking water with advanced testing device guidelines, focus on advancement in water quality monitoring with advanced biosensor technology, focus on advancement in compact TOC analyzer for pure and ultrapure water monitoring and focus on advanced multi-parameter water quality meter for comprehensive testing.

Player-adopted strategies in the water quality testing equipment market include focus on launch of new product such as optical platform to revolutionize water quality monitoring marking a significant advancement in water and wastewater monitoring, focus on new product launches to meet the purification needs of a range of industries and focus on strategic investments in advanced water treatment plant that collects, treats, purifies and reuses process and storm water.

To take advantage of the opportunities, the analyst recommends the water quality testing equipment companies to focus on developing advanced chlorine detection solutions, focus on certification and accuracy standards for water quality testing devices, focus on developing cost-effective biosensor solutions for water quality testing, focus on compact, efficient water quality testing solutions, focus on advancing multi-parameter water quality testing equipment, focus on portable water quality testing equipment, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution channels for water quality testing equipment, focus on pricing strategies for water quality testing equipment, focus on digital marketing strategies and focus on targeting the industrial market for water quality testing equipment.

Major Market Trends

• Innovative Solutions to Improve Chlorine Detection in Wastewater Applications
• Ensuring Safe Drinking Water With Advanced Testing Device Guidelines
• Advancement in Water Quality Monitoring with Advanced Biosensor Technology
• Advancement in Compact TOC Analyzer for Pure and Ultrapure Water Monitoring
• Advanced Multi-Parameter Water Quality Meter for Comprehensive Testing

Key Mergers and Acquisitions

• ABB Acquired Real Tech To Strengthen the Water Management Sector
• NKE Group Acquired Aquaread To Expand Advanced Environmental Instrumentation Solutions
• HORIBA Advanced Techno Acquired Tethys Instruments To Enhance Water Quality Monitoring Solutions
• IDEXX Laboratories Acquired TECTA-PDS To Enhance Water Testing Capabilities