Asia Pacific Water Analytical Instruments Market Size, Share & Industry Analysis, By Product Type (Analyzer, Meter, and Sensors), By Application (Lab and Process), By Parameter Testing (Physical, Chemical, and Biological), By End Use Industry (Municipal (Drinking, Wastewater, and Others), Industrial (Food & Beverages, Metal & Mining, Power, Chemicals & Petrochemicals, Microelectronics & Electronics, and Others), and Country Forecast, 2024-2032

The Asia Pacific water analytical instruments market was valued at USD 3.66 Billion in 2023 and is projected to grow from USD 3.81 Billion in 2024 to USD 5.71 Billion by 2032, exhibiting a CAGR of 5.2% during the forecast period.

Asia Pacific water analytical instruments are devices such as sensors, probes, meters, and online analyzers used for analyzing different physical, chemical, and biological parameters such as pH/ORP, temperature, conductivity, dissolved oxygen, ammonia, nitrogen, and organic carbon. These instruments such as pH meters, colorimeters, conductivity devices, dissolved oxygen analyzers, multi-parameter meters, water analysis meters, and turbidity meters, find their primary application in monitoring industrial effluents, wastewater, and potable water at municipal and industrial facilities across sectors. Increasing demand for safe drinking water, supportive environmental regulations, and rising water consumption across processing plants are all impacting the growth of Asia Pacific water analytical instruments market. Reliable water analysis is considered a critical task in industrial plants to prevent damage to industrial components and ensure regulatory compliance.  Thereby, the market growth is expected to show strong growth prospects across the Asia Pacific region.

Factors such as growing population, rapid urbanization, and a focus on healthy lifestyles, especially in the post-pandemic period, are driving increased domestic water withdrawals across Asia Pacific countries. Additionally, increasing healthy drinking water consumption across regions and high industrial water demand across sectors such as food and beverages, paper production, and pharmaceutical production are further generating strong opportunities for water analytical instruments in Asia Pacific owing to rising quality monitoring activities across the country. For example, power generation plants require pH measurement for cooling water and conductivity measurement for monitoring reverse osmosis and water cycle. The market share is anticipated to experience significant growth over the forecast period.

The COVID-19 pandemic made a significant impact on the water analysis equipment players that are operating in the local zones. Temporary halt at manufacturing plants, limited availability of raw materials, supply chain disruption, and trade barriers across borders likely impacted the supply of instruments across water treatment plants. However, the market has recovered during the post-pandemic years owing to increasing demand for water treatment systems across various industry sectors. Increasing awareness about clean and safe drinking water has further regained the demand for analytical instruments across water treatment plants.

Asia Pacific Water Analytical Instruments Market Trends

Rising Technological Advancements and Demand for Portable Water Analytical Instruments are Gaining Market Traction

Water resources are major drivers of sustainability, forcing major developing nations and developed countries to build stringent policies against the discharge of industrial and sewage water into water bodies. Additionally, compatibility with geographic water properties and adherence to regulatory norms might pose challenges for water analysis instrument manufacturers, but that is getting resolved with collaboration and R&D programs to improve products. Many manufacturers and Original Equipment Manufacturers (OEM) are developing more compact and portable water analysis instrument that solves the early detection of water quality levels. Thus, advancements and compactness act as potential market trends, giving potential to the OEM players and securing sustained organic sales growth in the long term.

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Asia Pacific Water Analytical Instruments Market Growth Factors

Persistent Water Scarcity Concerns & Government Emphasis on Water Treatment Infrastructure to Boost Product Demand

Globally, water scarcity issues are the vital factors that showcase the per capita water availability. Additionally, Asia Pacific is one of the developing regions and water scarcity remains a pressing issue due to heavy usage of water in industrial and chemical-related procedures. However, economic water security is gradually improving in rural regions of the Asia Pacific, along with minimizing the risk of water-related disasters. However, two billion people in this region still lack access to basic water and sanitation services. Furthermore, increasing government focus on establishing and restoring natural freshwater resources has raised the investment in water treatment and analysis facilities. For instance, in July 2019, the International Water Association (IWA) reported that Tai Po Water Treatment Works integrated innovative engineering features into their facility that reduces chlorine consumption by 30% and is 40% more energy efficient. Thus, investments and establishments in water treatment facilities for safe drinking water collectively drive the demand for Asia Pacific water analytical instruments.

RESTRAINING FACTORS

Increased Strict Safety Regulations and Low Detection Capability to Suppress the Market Growth

Globally, the focus on combating climate change by reducing greenhouse gas emissions and achieving carbon neutrality by 2050 in major developing countries is driving demand for sustainable solutions and better ESG policies. The new Central Pollution Control Board (CPCB) in India ensures that total coliform levels in sewage-treated water should not exceed 1000/100ml and 2500/100ml, as per the State Pollution Control Board (SPCB). However, post-pandemic, water analytical instrument manufacturers have integrated many technological advancements into their devices, ensuring optimal constituent detection and facilitating easy and quick report sharing over connected platforms, driving Asia Pacific water analytical instruments market growth.

Asia Pacific Water Analytical Instruments Market Segmentation Analysis

By Product Type Analysis

Analyzer Segment Secures Highest Revenue Share Owing to Wide Array of Applications 

Based on product type, the market is categorized into analyzer, meters, and sensors. Analyzer segment dominates the market revenue share across the Asia Pacific region.

Analyzer captures the highest market share in the Asia Pacific region owing to its wide range of applications across different stages of water treatment, wastewater treatment, and industrial plants thereby accounting for over half of the revenue share in 2023. Due to their wide array of applications at different stages of water treatment, analyzers are expected to experience a strong annual growth rate over the forecast period.

Meters and sensors are primarily used for field applications and laboratories. Stringent regulatory policies for safe water consumption and discharge are boosting the growth of laboratory meters and sensors ultimately impacting the market for Asia Pacific water analytical instruments.

By Parameter Testing Analysis

Instruments Used for Physical Parameters Testing to Dominate Owing to need for pH and Turbidity Testing at Several Stages 

Based on parameter testing, the Asia Pacific water analytical instruments market is classified into physical, chemical, and biological.

Physical parameter testing to lead in terms of revenue in the Asia Pacific region. Physical parameters such as temperature, conductivity, turbidity, and TDS are necessarily analyzed at several stages of water treatment. For instance, conductivity measurement is widely used in power plants, drinking water treatment, wastewater treatment, metals, and mining. High demand for pH meters, turbidity meters, TDS meters at municipal plants and industrial facilities to further boost the market for physical parameters

Chemical parameters are to grow at the highest growth rate during the forecast period as a result of wide use across water treatment stages, wastewater treatment, and industrial facilities.

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By Application Analysis 

Continuous Water Processing Have Resulted into High Demand for Analytical Instruments in Process Application 

Based on application, the market is segmented into lab and process.

Process segment is dominating the market for Asia Pacific water analytical instruments as processing plants are required for various purposes such as steam monitoring, pulp stock pH monitoring in paper production, clean-in-place monitoring, and water purification systems. Increasing demand for real-time quality check of water is subjected to boost the demand for analytical instruments. Real-time quality control is necessary across industries further surging the market demand.

Rising demand for pharmaceutical products to further contribute to the huge demand of these instrument. Instruments are largely used in industries during process for pH, conductivity, temperature, and other testing. Owing to these reasons, demand for analytical instruments is set to grow in process application across industries.

The shift toward laboratory water analytical instruments in Asia Pacific region showcase a significant growth rate during the forecast period of 2024-2032 as a result of increasing field application of instruments driven by end-user requirements.

By End Use Industry Analysis

Municipal Treatment Caters for the Highest Demand for Water Analytical Instruments Owing to Primary and Secondary Treatment

Based on end use industry, the market is classified into municipal and industrial.

The municipal segment is further segmented into drinking water, wastewater, and others. The industrial segment includes food & beverages, metal & mining, power, chemicals & petrochemicals, microelectronics and electronics, and other industrial facilities. Other sub-segments include plastics & paper, textile, and aquaculture sectors.

The municipal segment accounts for the largest market share in terms of revenue for Asia Pacific water analytical instruments. The demand of drinking water treatment boosts the demand for water analytical instruments in the Asia Pacific region due to several processing stages such as water intake, coagulation control, sedimentation, sand filtration, management, clean water quality control, and water treatment for consumption. Rising water infrastructure projects, and updating regulatory policies to further boost the water analytical instruments market in the Asia Pacific region. Significant investment on municipal plants to bolster the market growth for instruments. For instance, According to International Trade Administration, Australia spends over USD 6 billion every year on water and wastewater treatment services.  

The industrial segment is likely to grow at a CAGR of 5.3% over the next few years due to high water consumption and treatment requires in processing plants.

Food and beverage facilities such as beverages, water, dairy industries, and sugar mills require periodic cleaning, generating a strong demand for water analytical instruments in the Asia Pacific.

The chemicals & petrochemicals manufacturing sector is poised to experience significant growth during the forecast period for pH monitoring, conductivity measurement, and cooling water monitoring.

Metal and mining, microelectronics and electronics, pharmaceuticals, and other industries are all subjected to showcase strong growth trajectories for Asia Pacific water analytical instruments.

COUNTRY INSIGHTS

Based on Asia Pacific countries, the market is classified into Japan, South Korea, India, Australia, New Zealand, Singapore, Thailand, Vietnam, Philippines, Malaysia, Indonesia, and the Rest of Asia Pacific. The rest of Asia Pacific includes Brunei, Cambodia, Laos, Papua New Guinea, Cook Islands, and Taiwan.

Rapid urbanization increased health awareness especially in post-pandemic years, are driving the demand for quality water consumption and usage standards in industrial and municipal plants.  These factors collectively drive the market growth for Asia Pacific water analytical instruments across developing countries in the Asia Pacific region. New regulatory policies are boosting the growth of laboratories across water and wastewater treatment plants across the geography, further influencing the growth of instruments and analyzers.

Japan dominates the market Asia Pacific water analytical instruments market share owing to its large water and wastewater treatment plants, population growth, strong industrial production, and water consumption. Japan contributes nearly one-fourth of the market revenue share, followed by India, owing to its processing plants and water treatment projects.

Rapid industrialization, increasing demand for safe and high water quality, and investment in water project expansion across India are expected to boost the market for water quality monitoring instruments over the forecast period. For instance, the Oil and Natural Gas Corporation (ONGC) in India has announced an investment of about USD 12 trillion in establishing two petrochemical plants expected to be completed by 2028 and 2030 respectively.

South Korea is poised to become the third largest country to generate demand for water analytical instruments across the Asia Pacific region. Supportive government policies and infrastructure projects across industries, and investment in water treatment and wastewater treatment projects are all estimated to show strong growth across countries including Australia, Malaysia, and Thailand. Several domestic governments are prioritizing action and capital expenditure for water treatment and monitoring facilities.

Upcoming wastewater treatment projects and industrial facilities, along with rising awareness about water safety and quality, are increasing demand for analytical instruments in the Philippines and the rest of Asia Pacific countries. Additionally, the increasing demand for real-time water monitoring further contributes to this trend.

List of Key Companies in Asia Pacific Water Analytical Instruments Market

Robust Distributor Network and Introduction of Multi-Functional Instruments to Give Added Advantage to the Key Players

The Asia Pacific water analytical instruments market is moderately fragmented due to the presence of a large number of players across Asia Pacific countries. Tier II market participants adopt mergers and partnership strategies to expand their product line-up and enhance their portfolio, thereby boosting market penetration. Additionally, established players leverage their strong reach and extensive distributor network to boost product sales.

Domestic players in the market strive to provide cost-efficient products with reliable quality. They also aim to widen their portfolio offerings across water and wastewater treatment plants, food and beverages manufacturing facilities, power plants, pharmaceuticals, chemicals, and paper manufacturing plants

LIST OF KEY COMPANIES PROFILED:

• ABB (Switzerland)


• AGILENT TECHNOLOGIES, INC. (U.S.)


• Danaher Corporation (U.S.)


• Emerson Electric Co. (U.S.)


• Endress+Hauser Group Services AG (Germany)


• Honeywell International Inc. (U.S.)


• Shimadzu Corporation (Japan)


• Teledyne Technologies Inc. (U.S.)


• Thermo Fisher Scientific Inc. (U.S.)


• Yokogawa Electric Corporation (Japan)

KEY INDUSTRY DEVELOPMENTS:

• March 2023: Hanna Instruments introduced a new advanced benchtop meter series designed for testing pH, dissolved oxygen, and conductivity, ideal for laboratories and research applications.


• August 2022: Endress+Hauser, a measuring and analytical instrument manufacturer, established Endress+Hauser Liquid Analytics (India) Pvt Ltd. in order to create a strong brand presence across regions.


• August 2022: Thermo Fisher Scientific launched its new compact Ion Chromatography Instrument (Dionex Inuvion) that improves water ion analysis time and is easily reconfigurable. Additionally, the unique ion technology features advanced pump technology that enhances quality, reproducibility, and speed.


• July 2022: Shimadzu Corporation, a prominent water analytical equipment manufacturer, launched its advanced and compact LCMS-2050 liquid chromatograph that detects smaller ion particles in a fraction of the time.


• January 2019: Shimadzu Corporation announced a research facility in India to strengthen its operation further to support technological advancements and fulfil consumer needs.

REPORT COVERAGE

The report provides detailed insights into various aspects of the market, including growth drivers, restraints, competitive landscape, country-wise analysis, and challenges. It further offers an analytical depiction of current trends and estimations to illustrate investment opportunities. The market is quantitatively analyzed from 2024 to 2032 to provide the financial competency of the market. The information gathered in this report has been taken from several primary and secondary sources.

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Report Scope & Segmentation