Environmental Testing Equipment Market - All You Need to Know About Major Growth Boosters


Posted January 20, 2021 by mmvaidya

The study involved four major activities to estimate the current market size for environmental testing equipment.
 
Research Methodologies Followed for This Study:

Secondary Research:

In the secondary research process, various secondary sources such as Hoovers, D&B, Bloomberg Business, and Factiva have been referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases.

Primary Research:

The Environmental Testing Instruments Market comprises several stakeholders such as environmental testing equipment & consumable manufacturing companies, suppliers & distributors of environmental testing equipment, equipment raw material suppliers, research institutes and academic centers, environment protection agencies and institutes, agricultural analysis companies, market research companies. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents.

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Expected Growth in Revenue:

The global environmental testing equipment market is expected to reach USD 2.9 billion by 2023 from USD 2.1 billion in 2018, at a CAGR of 7.1%.

Growth Boosting Factors:

Growth in the environmental testing equipment market is mainly driven by factors such as the rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection, privatization of environmental testing services, and increasing focus on wastewater treatment.

Report Objectives Behind This Study:

# To define, describe, and measure the global Environmental Testing Instruments Market by product, application, and region.

# To provide detailed information about major factors influencing market growth (such as drivers, restraints, growth opportunities, and challenges).

# To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the global environmental testing equipment analysis market.

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.

# To forecast the size of the market in North America, Europe, Asia Pacific (APAC), and the Rest of the world (RoW).

# To strategically analyze the market structure and profile key players and their core competencies in the global environmental testing equipment analysis market.

# To track and analyze competitive developments such as product launches, acquisitions & expansions, partnerships, agreements & collaborations, in the environmental testing equipment analysis market.

Geographical Growth:

North America is expected to dominate the environmental testing equipment market during the forecast period

Geographically, North America is expected to dominate the global environmental testing equipment market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the rising outdoor air pollution levels, the availability of government funding, and stringent environmental monitoring regulations.

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Major Leaders:

The major players in the Environmental Testing Instruments Market include Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), Shimadzu Corporation (Japan), Bruker (US), PerkinElmer (US), SCIEX (a subsidiary of Danaher) (US), JEOL (Japan), Analytik Jena (Germany), and Merck KGaA (Germany).

Growth Strategies Adopted by Them:

The analysis of market developments between 2016 and 2018 showed that market players adopted growth strategies such as product launches, strategic acquisitions, expansions, partnerships, agreements, and collaborations to strengthen their product portfolios and maintain a competitive position in the environmental testing equipment analysis market.

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags environmental testing instruments , environmental testing instruments market , global environmental testing instruments market
Last Updated January 20, 2021