South Korea Water Testing Equipment Market Size & Outlook
The water testing equipment market in South Korea is expected to reach a projected revenue of US$ 112.8 million by 2030. A compound annual growth rate of 6% is expected of South Korea water testing equipment market from 2023 to 2030.
Revenue, 2022 (US$M)
$70.9
Forecast, 2030 (US$M)
$112.8
CAGR, 2023 - 2030
6%
Report Coverage
South Korea
South Korea water testing equipment market, 2018-2030 (US$M)
Related Markets
South Korea water testing equipment market highlights
- The South Korea water testing equipment market generated a revenue of USD 70.9 million in 2022 and is expected to reach USD 112.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, spectrometer was the largest revenue generating instrument in 2022.
- Chromatograph is the most lucrative instrument segment registering the fastest growth during the forecast period.
Water testing equipment market data book summary
| Market revenue in 2022 | USD 70.9 million |
| Market revenue in 2030 | USD 112.8 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Spectrometer |
| Fastest growing segment | Chromatograph |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | TOC Meter, PH Meter, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, Spectrometer, Chromatograph |
| Key market players worldwide | Thermo Fisher Scientific Inc, SGS AG, Emerson Electric Co, Honeywell International Inc, Danaher Corp, Horiba Ltd, 3M Co, Mettler-Toledo International Inc, PerkinElmer, Eurofins Scientific SE, IDEXX Laboratories Inc, Agilent Technologies Inc, Shimadzu Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global water testing equipment market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China water testing equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 396.7 million by 2030.
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Water Testing Equipment Market Scope
Water testing equipment market segmentation & scope
Others
Water Testing Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea water testing equipment market size, by instrument, 2018-2030 (US$M)
South Korea Water Testing Equipment Market Outlook Share, 2022 & 2030 (US$M)
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