market_facts

market_facts_secondary_01Market Size

Estimates of the 2010 global water analysis instrumentation market range from $2.4 to $5.9 billion. The U.S. market is thought to be about one quarter or one fifth the size of the global market.

market_facts_secondary_02Market Growth

Between 2003 and 2010—a time when the United States’ GDP ranged from a gain of 3.5% to a loss of equal magnitude—domestic growth averaged 5.7% annually. It was 5.0% in 2010.

The global market increased 11% annually between 2006 and 2010. This compares quite favorably to the world’s GDP growth rates, which ranged from a gain of 5.3% to a loss of 0.7% over the same period.

market_facts_secondary_03Market Segments

  • Water producers (like municipalities)
  • Commercial testing labs
  • Environmental monitoring agencies (like the USGS and EPA)
  • Isolated water sources (such as private wells and military outposts)
  • Pharmaceutical and cosmetics manufacturers
  • Bottled water and other beverage manufacturers
  • Thermal power plants
  • Agriculture and aquaculture

Additional References

Steve Maxwell of the TechKNOWLEDGEy Strategic Group has authored several articles about the water industry. Reprints can be accessed through http://www.tech-­strategy.com/reprints.htm.