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New Product/Technology Launches of Business Operations to Meet the Growing Demand in the Bottled Water Testing Equipment Market
The bottled water testing equipment market is projected to grow at a CAGR of 5.3% from 2016 to 2021. This market is driven by technological advancements in testing equipment and stable isotope labeling and high resolution mass spectrometry technology. The increasing need for quality testing of water and emerging water borne diseases have led the need for bottled water testing equipment.
The key market players have adopted strategies such as acquisitions, expansions, and new product/technology launches of business operations to meet the growing demand in the bottled water testing equipment market. Bio-Rad Laboratories Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Thermo Fisher Scientific (U.S.), and PerkinElmer, Inc. (U.S.). The other players who are active in the industry are Shimadzu Corporation (Japan), Sigma-Aldrich Corporation (U.S.), Restek (U.S.), Accepta (U,K,), and LaMotte Company (U.S.) are some of the active players in the industry.
Bio-Rad Laboratories, Inc. (U.S.) is one of the active players in the bottled water testing equipment market; the life sciences segment develops, manufactures, and markets more than 5,000 reagents, apparatus, and laboratory instruments to its customers. The clinical diagnostics segment designs, manufactures, sells, and supports test systems, informatics systems, test kits, and specialized quality controls to clinical laboratories. The products offered are mainly used to separate complex chemical and biological materials and are used to identify, analyze, and purify protein components. In 2016, Company entered into partnership agreement with Illumina, Inc. (U.S.) to develop a comprehensive next-generation sequencing (NGS) workflow for single-cell analysis. The end-to-end commercial solution will help in the sequencing of thousands of individual cells. It will also help in increasing the company’s product portfolio. In 2013, it acquired AbD Serotec, a division of MorphoSys AG (Germany), for approximately USD 72.64 million. This helped the company increase its product range in the antibodies, kits, and accessories segments.
Agilent Technologies, Inc. is one of the leading bottled water testing equipment providers due to its strong global presence and infrastructure. The company focuses on increasing its geographic presence through acquisitions and new product/technology launch, which is evident from the number of acquisitions it adopted from 2011 to 2016. In June 2016, Eurofins Scientific acquired iLab Solutions, LLC (U.S.). The acquisition includes iLabs technology, intellectual property, and product portfolio, as well as employee talent. In July 2016, Agilent Technologies launched a new line of inductively coupled plasma-optical emission spectrometers. The Agilent 5110 ICP-OES will be used by scientists to perform ICP-OES in food, environmental, and pharmaceutical testing as well as for mining and industrial applications.
Bottled Water Testing Equipment Market by Technology (Traditional, and Rapid), Component (Instruments, Consumables & Reagents, and Reference Material), Test Type (Microbiological, Chemical, Physical, Radiological), and Region - Global Forecast to 2021
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