(Food-Beverage-News.Com, August 19, 2017 ) According to the report “Bottled Water Testing Equipment Market by Technology (Traditional, Rapid (Spectroscopy, Chromatography, Testing Kits, Others)), by Test Type (Chemical, Physical, Microbial, Radiological), by Component (Instruments, Reference Materials, Consumables & Reagents), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, this market was worth USD 5.1 billion in 2016 and estimated to be growing at a CAGR of 5.45%, to reach USD 6.65 billion by 2021.
The Bottled Water Testing Equipment market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the growing market in emerging economies in region like Asia-Pacific, Europe and others. There have been a lot of companies taking a keen interest in the market.
Bottled water is a form of packaged drinking water which can be either distilled, mineral or in other such form. Bottled water comes in both options of carbonated or non-carbonated. Hence it is necessary to quality test these bottled water, in order to fulfil regulatory requirements and check for safety against any diseases.
Increasing need for quality testing of water has been driving the growth of the market over recent years. Apart from it, other major factors include advancements in testing technology, rise in consumption of bottled water, and stringent regulatory requirement. On the different side, there are few factors holding back the market from reaching its potential. The major ones include, high capital investments, high cost of testing equipment and impact on environment. These factors need to be dealt with, for the market to show its potential growth.
The Global Bottled Water Testing Equipment Market is segmented on the basis of technology, test type and component. The market segmentation on the basis of test type is done under chemical, physical, microbial and radiological. Based on technology the market is segmented into traditional and rapid, which is further divided into spectroscopy, chromatography, testing kits. Under segmentation by components, the segments are instruments, reference materials and consumables & reagents.
On the basis of geography, the Global Bottled Water Testing Equipment Market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Bottled Water Testing Equipment market was dominated by Asia-Pacific, with the overall market share of over 34% globally. Asia-Pacific was followed by Europe and North America. Asia Pacific is predicted to grow at a rapid pace while Europe market is expected to be stagnant in the coming few years.
Some of the major companies dominating the market, by their products and services include Bio-Rad Laboratories Inc., Agilent Technologies Inc., Waters Corporation, Thermo Fisher Scientific Inc., Perkinelmer Inc., Shimadzu Corporation, Sigma-Aldrich Corporation, Restek, Accepta, Lamotte Company.
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