NEW YORK, June 23, 2022 / PRNewswire / – The Laboratory Water Purifier Market is segmented by geography (Europe, North AmericaAPAC, South America, MEA). 27% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for laboratory water purifier market in Europe. Market growth in this region will be faster than the growth of the market in regions. The implementation of innovative technologies and new product launches will facilitate the laboratory water purifier market growth in Europe over the forecast period. Moreover, the market value is set to grow by USD 8.81 trillionprogressing at a CAGR of 10.14% from 2020 to 2025, as per the latest report by Technavio.
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Laboratory Water Purifier Market 2021-2025: Vendor Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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Aqua Solutions Inc.
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Biobase Biodusty (Shandong) Cho. Ltd.
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Biosan
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Danaher Corp.
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Evoqua Water Technologies LLC
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Merck KGaA
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Sartorius AG
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SUEZ SA
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Thermo Fisher Scientific Inc.
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VEOLIA ENVIRONNEMENT SA
The laboratory water purifier market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Laboratory Water Purifier Market Scope |
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Coverage Report |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.14% |
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Market growth 2021-2025 |
$ 8.81 tn |
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Market structure |
Fragmented |
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YOY growth (%) |
9.02 |
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Regional analysis |
Europe, North America, APAC, South America, MEA, Europe, North America, APAC, South America, and MEA |
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Performing market contribution |
Europe at 27% |
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Key consumer countries |
US, UK, Germany, China, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Aqua Solutions Inc., Biobase Biodusty (Shandong) Co. Ltd., Biosan, Danaher Corp., Evoqua Water Technologies LLC, Merck KGaA, Sartorius AG, SUEZ SA, Thermo Fisher Scientific Inc., and VEOLIA ENVIRONNEMENT SA |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments. |
Laboratory Water Purifier Market 2021-2025: Implementation of Innovative Technologies and New Product Launches to Drive the Market Growth
With rapid advances in technology and new product launches, companies are upgrading their existing product portfolios to meet the increased demand for laboratory water purifiers. For instance, in February 2021Merck KGaA launched a new Milli-Q EQ 7000 Type I water purification system in Indiawhich produces consistent ultrapure-quality water that can be easily customized to experimental requirements. Additionally, Merck KGaA offers the Milli-Q IQ 7000 system, the seventh generation Milli-Q water purification system. This Milli-Q IQ 7000 system features a high-definition digital touchscreen for simple operation. This purification system is equipped with purification cartridges that are 33% smaller than its previous versions and a hibernation mode to maintain system water quality with reduced energy consumption. Essentially, technological upgrades and new product launches have improved water purity and reduced manufacturing wastage, which drives the laboratory water purifier market growth.
Laboratory Water Purifier Market 2021-2025: Segmentation
The laboratory water purifier market share growth by the type 2 segment will be significant during the forecast period. The growing use of polymerase chain reaction (PCR) solutions will have a direct impact on the demand for Type II water purifiers, leading to increased volume production and growth of the global laboratory water purifier market.
For more insights on the market share & contribution of various regions & segments with latest market drivers, trends, and challenges. Download Sample Report
Laboratory Water Purifier Market 2021-2025: Stringent Regulatory Procedures to Challenge the Market Growth
Although vendors periodically introduce new laboratory water purifiers to the market, the commercialization of a new product involves a long, tedious, and costly process. This happens primarily due to the variations in global regulatory practices and policies, which are updated regularly. For instance, the standards on water quality are determined by several organizations, including the International Organization for Standardization (ISO), the American Society for Testing and Materials (ASTM), and the Clinical and Laboratory Standards Institute (CLSI). The laws and regulations regarding the approval process for these devices vary across countries, which is a major challenge for multinational companies. Moreover, many developed countries such as the US, the UK, Germany, France, Japan, Singaporeand South Korea have enforced strict regulations regarding the approval and marketing of laboratory equipment. Thus, stringent government regulations in different countries can hamper the global laboratory water purifier market growth.
Laboratory Water Purifier Market 2021-2025: Scope
Our market report covers the following areas:
Laboratory Water Purifier Market 2021-2025: Key Highlights
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CAGR of the market during the forecast period 2021-2025
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Detailed information on factors that will assist laboratory water purifier market growth during the next five years
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Estimation of the laboratory water purifier market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the laboratory water purifier market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of laboratory water purifier market vendors
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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SOURCE Technavio