NEW YORK, June 23, 2022 /PRNewswire/ -- The Laboratory Water Purifier Market is segmented by geography (Europe, North America, APAC, 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 trillion, progressing 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:
Aqua Solutions Inc.
Biobase Biodusty (Shandong) Co. Ltd.
Evoqua Water Technologies LLC
Thermo Fisher Scientific Inc.
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
Growth momentum & CAGR
Accelerate at a CAGR of 10.14%
Market growth 2021-2025
$ 8.81 tn
YoY growth (%)
Europe, North America, APAC, South America, MEA, Europe, North America, APAC, South America, and MEA
Performing market contribution
Europe at 27%
Key consumer countries
US, UK, Germany, China, and Canada
Leading companies, competitive strategies, consumer engagement scope
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
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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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 2021, Merck KGaA launched a new Milli-Q EQ 7000 Type I water purification system in India, which 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.
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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 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, Singapore, and 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
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist laboratory water purifier market growth during the next five years
Estimation of the laboratory water purifier market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the laboratory water purifier market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of laboratory water purifier market vendors
Laboratory Water Purifier Market in Southeast Asia by Product and End-user - Forecast and Analysis 2021-2025: The laboratory water purifier market share in Southeast Asia is expected to increase by USD 763.19 million from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.82%. Find More Exclusive Research Insights Here
Packaged Natural Mineral Water Market by Product and Geography - Forecast and Analysis 2022-2026: Based on Technavio's market sizing methodology, the packaged natural mineral water market size is predicted to surge to USD 57.19 billion from 2021 to 2026 at a CAGR of 6.56%. Find More Exclusive Research Insights Here
Table of Contents:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
2.2 Value chain analysis
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Product
5.1 Market segments
5.2 Comparison by Product
5.3 Type II - Market size and forecast 2020-2025
5.4 Type I - Market size and forecast 2020-2025
5.5 Type III - Market size and forecast 2020-2025
5.6 Market opportunity by Product
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Healthcare - Market size and forecast 2020-2025
6.4 Research organizations and institutes - Market size and forecast 2020-2025
6.5 Others - Market size and forecast 2020-2025
6.6 Market opportunity by End-user
7 Customer landscape
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 Europe - Market size and forecast 2020-2025
8.4 North America - Market size and forecast 2020-2025
8.5 APAC - Market size and forecast 2020-2025
8.6 South America - Market size and forecast 2020-2025
8.7 MEA - Market size and forecast 2020-2025
8.8 Key leading countries
8.9 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Market trends
10 Vendor Landscape
10.2 Vendor landscape
10.3 Landscape disruption
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Aqua Solutions Inc.
11.4 Biobase Biodusty (Shandong) Co. Ltd.
11.6 Danaher Corp.
11.7 Evoqua Water Technologies LLC
11.8 Merck KGaA
11.9 Sartorius AG
11.10 SUEZ SA
11.11 Thermo Fisher Scientific Inc.
11.12 VEOLIA ENVIRONNEMENT SA
12.1 Scope of the report
12.2 Currency conversion rates for US$
12.3 Research methodology
12.4 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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