Water Hardness Test Strip Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Calcium Concentration Measurement and Magnesium Concentration Measurement); Application (Industrial, Laboratory, and Others); Sales Channel (Retail and Non- Retail) and Region/Country
Detailed Analysis of COVID-19 Impact on the Water Hardness Test Strip Market
The water hardness test strip market is expected to register a CAGR of approx. 4.5% over the period of 2022-2028.
The water hardness test strip market is expected to register a CAGR of approx. 4.5% over the period of 2022-2028. Originally, water hardness was understood to be a measure of the capacity of water to precipitate soap. The hardness of water is the major problem for daily consumption as well as for industrial purposes. The hardness of water is based on its alkaline earth contents. There are several methods used for the determination of the hardness of water such as calcium and magnesium determination. The most commonly used method for water hardness testing is by water hardness test strip which are useful for the qualitative as well as semi-qualitative estimation of hardness of water to be used in industrial application and daily requirement. This type of method is simple, economical and can be used in any regions where sophisticated instruments or technique are not available which fuel the growth of global water hardness test strip market. The growing demand for water hardness test strip can be attributed to increased government and regulatory participation in water quality monitoring and rise in number of industrial establishments are crucial factor driving the market expansion as are high health risks connected with hard water. For instance, the International Bottle Water Association (IBWA) has provided the code of practice to guide bottled water industry stakeholders with technical and federal regulations. All bottlers are required to comply with state or local agency regulatory requirements in areas where their bottles are sold and distributed. FDA regulations mandate that every bottled water be processed to undergo physical, chemical and hardness tests. Furthermore, a rise in manufacturers’ research and development and technological advancements, and a surge in different end-use applications are likely to boost market demand for water hardness strip testing.
Aqua Cure Ltd, Isolab Laborgerate GmbH, Johnson Test Paper Ltd, LaMotte Company, Serim Research Corporation, Thermo Fischer Scientific Inc, Colorkim Kimya San. Ltd, US Water Systems, Inc, Bartovation LLC, Industrial Test Systems, Inc are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the calcium concentration measurement category accounted for the significant share in the market in 2021”
Based on application, the water hardness test strip market is segmented into calcium concentration measurement and magnesium concentration measurement. The calcium concentration measurement segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The quantitative and semi- quantitative determination of calcium by means of rapid methods is of interest to different fields, including medical diagnostics, environmental control, and other related industries. In majority of the industrial sectors, rise in calcium content in the water have been a major concern when it comes to its usage. Hence the manufacturers have been coming up with water hardness test strip products specially designed to determine calcium concentration in water.
“Amongst application, the industrial category is expected to witness considerable CAGR during the forecast period”
Based on the application, the market is fragmented into industrial, laboratory and others. The industrial segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. More apartments and commercial spaces are being built and remodeled. Industrial water use includes water used for purposes such as fabricating, processing, washing and other things within the manufacturing facility. The use of water hardness test strips in industries is preferred as it is the quickest and cost effective method to determine the quality of water being used.
Water Hardness Test Strip Market Report Coverage
“Amongst sales channel, the retail category is expected to witness considerable CAGR during the forecast period”
Based on the sales channel, the market is fragmented into retail and non-retail. The retail segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The household sector and swimming pool sector are the customers for the water hardness test strip market, who gain access to the product through main retail channels such as online stores and specialty stores. Therefore, raising sales through the retail channel opens up the opportunity for the market key players.
“Asia Pacific to witness significant growth during the forecast period”
Asia Pacific constitutes a major market for the water hardness test strip industry owing to direction of improvising the environmental criteria of sustainability in the region and extensive efforts from all the stakeholders in the supply chain, especially governmental, non-governmental or private organizations. Beside due to globalization of business and industrial shift and technological innovations in water treatment segment the robust demand is observed in region propels the growth of water hardness test strips in the region. India, Australia & New Zealand, and Southeast Asia are some of the countries exhibiting the highest growth rate in the region that order for the sales performance of water hardness test strips.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Water Hardness Test Strip Market|
|2.2.||Research Methodology of the Water Hardness Test Strip Market|
|5||IMPACT OF COVID-19 ON THE WATER HARDNESS TEST STRIP MARKET|
|6||WATER HARDNESS TEST STRIP MARKET REVENUE, 2020-2028F|
|7.1.||Calcium Concentration Measurement|
|7.2.||Magnesium Concentration Measurement|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.5.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||WATER HARDNESS TEST STRIP MARKET OPPORTUNITIES|
|13||WATER HARDNESS TEST STRIP MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|18.1.1.||Porter’s Five Forces Analysis|
|19.1.||Aqua Cure Ltd.|
|19.2.||Isolab Laborgerate GmbH|
|19.3.||Johnson Test Paper Ltd|
|19.5.||Serim Research Corporation|
|19.6.||Thermo Fischer Scientific Inc|
|19.7.||Colorkim Kimya San. Ltd|
|19.8.||US Water Systems, Inc|
|19.10.||Industrial Test Systems, Inc|
Research Methodology for the Global Water Hardness Test Strip Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global water hardness test strip market were the three major steps undertaken to create and analyze the adoption of water hardness test strip in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global water hardness test strip market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the water hardness test strip market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the water hardness test strip market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type, application and sales channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the water hardness test strip market. Further, we conducted factor analysis using dependent and independent variables such as increased government and regulatory participation in water quality monitoring and rise in number of industrial establishments globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the water hardness test strip market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global water hardness test strip market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the water hardness test strip market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global water hardness test strip market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global water hardness test strip market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, and sales channel in the global water hardness test strip market.
The main objective of the Global Water Hardness Test Strip Market Study
The current & future market trends of the global water hardness test strip market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the water hardness test strip market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, and sales channel.
- Define and analysis of the regulatory framework for the water hardness test strip market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the water hardness test strip market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the water hardness test strip market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry