The Latin America Water Testing and Analysis Market was worth USD 0.41 billion in 2021, and is expected to grow at a CAGR of 5.3%, to reach USD 0.53 billion by 2026.
Water is an essential component for daily life of humans as well as for manufacturing and cleaning purposes in majority of the industries. Due to various reasons, water gets contaminated by germs, chemicals, soil particles and many other factors. Ground water is generally contaminated due to leaching of chemicals and surface water is contaminated by diversion of waste water from human and industrial consumption, soil erosion and some other elements.
Contaminated water cannot be used for human consumption or industrial purposes. Hence, the water needs to be tested for its physical, chemical and biological characteristics such as turbidity, organic carbon, pH, dissolved oxygen, biochemical oxygen demand and conductivity. Several types of water testing equipment are available in the market suitable for different end users ranging from industrial scale to in house equipment.
Drivers and Restraints of Latin America Water Testing and Analysis Market:
Strict regulations on water standards by government organizations, increasing awareness regarding the usage of quality water in industries as well as in people has increased the demand for water testing equipment. Growing water consumption due to increasing population and technological advances in water testing equipment are also expected to drive the market. However, high cost of equipment and lack of sufficient water testing infrastructure in emerging countries are restraining the market.
Latin America Water Testing and Analysis Market - By Product:
PH meter and DO mater are widely used products in laboratories and industries and they are expected to lead the market.
Latin America Water Testing and Analysis Market - By Product Type:
Portable products are expected to be the largest market segment because of their wide usage. Handheld products are rapidly growing due to the ease of use.
Latin America Water Testing and Analysis Market - By Application:
Industrial applications segment holds the largest market share due to the strict water quality standards to be used for manufacturing and cleaning purposes.
The Market is Geographically divided into:
Brazil leads the market due to the increasing awareness about the water quality standards.
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