Regional and country-level analysis and forecasts of the North America Bottled Water Testing Equipment Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
According to the report “North America 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 - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the North America Bottled Water Testing Equipment Market is expected to reach USD 2.03 billion by 2021 from USD 1.63 billion in 2016, growing at a CAGR of 4.5%.
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The Bottled Water Testing Equipment market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the growth in the market in emerging economies such as Asia-Pacific, Europe,. A lot of companies in these regions have been shifting their area of interest to water testing recently
Bottled water refers to packaged drinking water available in bottles, which is either in the form of distilled, mineral or in others.Bottled water comes in options of carbonated as well as non-carbonated. Hence it is required to test the quality of this bottled water, in order to maintain regulatory requirements and have a safety quality against any diseases.
There has been rise in the need for quality test of bottled water recently due to the increased consumption of them. It has one of the key factors behind high growth of the market in the recent years. Other major factors include technological advancements in bottled water, need for stringent regulations. Apart from these, the market faces few restraints and challenges as well. The major ones include high R&D investments, high testing equipment costs, and environmental impact.
The North America Bottled Water Testing Equipment market is segmented by test type, technology and component. The market segmentation based on test type is done into chemical, physical, radiological and microbial. Based on segmentation by technology the market is categorized into rapid and traditional. Rapid technology is further divided into spectroscopy, testing kits and chromatography. Finally, the market is segmented based on component into instruments, consumables & reagents and reference materials. On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
Some of the leading companies of the market are:
- Bio-Rad Laboratories Inc.
- Waters Corporation
- Lamotte Company
- Thermo Fisher Scientific Inc.
- Agilent Technologies Inc.
- Perkinelmer Inc.
- Sigma-Aldrich Corporation
- Shimadzu Corporation
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