(Food-Beverage-News.Com, September 08, 2017 ) According to the report Europe 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 (20162021) published by Market Data Forecast, the European Bottled Water Testing Equipment Market is expected to grow at a CAGR of 4.27% and reach USD 1.38 billion in 2021 from USD 1.17 billion in 2016.
The Bottled Water Testing Equipment market is expected to show evident potential in the forecasting period. The market continues to build up momentum with the rising interest of companies in the market in growing economies like Europe, Asia-Pacific etc.
Bottled water is a type of packaged drinking water which is either mineral, distilled, or in other such forms. Bottled water is available as both carbonated and non-carbonated. It is therefore necessary to test the quality of these bottled water, so as to check for safety against any diseases and fulfil regulatory requirements.
Increasing requirement of quality testing water has been the driving force behind the growth of the market over recent years. Apart from this, other key factors include rise in consumption of bottled water, advancements in testing technology, and stringent regulatory requirement. On the other hand, there are some factors holding down the market from reaching its potential. These include, high cost of testing equipment, high capital investments, and impact on environment. These factors need to be tackled, for the market to exhibit its potential growth.
The Europe Bottled Water Testing Equipment market is divided based on test type, component and technology. The segmentation on the basis of test type is done into physical, chemical, radiological and microbial. On the basis of technology, the market is categorized into traditional and rapid, which is further fragmented into testing kits, chromatography and spectroscopy. Finally, the market segmentation is done on the basis of component as, instruments, consumables & reagents and reference materials. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Bottled Water Testing Equipment market are: Bio-Rad Laboratories Inc. Waters Corporation Accepta Thermo Fisher Scientific Inc. Agilent Technologies Inc. Perkinelmer Inc. Sigma-Aldrich Corporation Shimadzu Corporation Restek Lamotte Company
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