In a recent published report, Kenneth Research has updated the market report for Microbiological Testing of Water Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Microbiological Testing of Water Market products.
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The global Microbiological Testing of Watermarket was valued at USD 1.07billion in 2016 and is projected to reach USD 1.94billionby 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Water forms an important component of every human being lives. The quality of water is of utmost importance as many regions in the world are suffering from diseases caused due to low water quality. The emergence of new water treatment technologies is expected to boost demand for usage of microbiological testing of water services.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing need for microbial water quality analysis
1.2 Stringent regulatory environment
2. Market Restraints
2.1 Reluctance of municipal and civic bodies to adopt these kits
2.2 Limited market penetration for microbiological testing of water & analysis instruments
Market Segmentation:
The global Microbial Testing of Water market is segmented on the pathogen, water, type, industry, and region.
1. By Type:
1.1 Coliform
1.2 Vibrio
1.3 Legionella
1.4 Vibrio
1.5 Clostridium
1.6 Others
2. By Water Type:
2.1 Drinking and Bottled Water
2.2 Industrial Water
3. By Type:
3.1 Instruments
3.2 Test Kits and Reagents
4. By Industry:
4.1 Environmental
4.2 Food
4.3 Clinical and Bio-Pharma
4.4 Energy
4.5 Material & Chemical
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. 3M Company
2. Danaher Corporation
3. Accepta Ltd.
4. Hardy Diagnostics
5. Thermo Fisher Scientific Inc.
6. Agilent Technologies
7. Shimadzu Corporation
8. Perkinelmer Inc.
9. Lamotte Company
10. Avantor Performance Materials LLC
11. Millipore Sigma
12. IDEX Laboratories
13. Bio-Rad Laboratories
14. Sigma-Aldrich Corporation
15. Dohler GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Microbial Testing of Watermarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-microbiological-testing-of-water-market/10059168
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