Environmental Testing Equipment Market - Global Future Forecasts by 2023


Posted July 29, 2021 by mmvaidya

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

The study involved four major activities to estimate the current market size for environmental testing equipment. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments.

Revenue Growth Expectations:

The environmental testing equipments market is expected to grow from USD 2.1 billion in 2018 to USD 2.9 billion by 2023, at a CAGR of 7.1% during the forecast period. Growth in the market is primarily driven by factors such as 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.

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Air testing applications are expected to grow at the highest CAGR in the global environmental testing equipment market during the forecast period

On the basis of application, the market is segmented into water testing, air testing, and soil testing. The water testing segment commanded the largest share of the market in 2018. However, the air testing market is projected to register the highest CAGR owing to the increasing fatalities caused by severe air pollution levels. Increasing fatalities caused by severe air pollution levels is a major factor driving growth in the application segment.

Key Questions Addressed by the Report:

# Which of the product segment will dominate the global market in the next five years?
# Emerging countries have immense opportunities for the growth and adoption of environmental testing equipment, will this scenario continue in the next five years?
# Increasing environmental awareness in the emerging market is impacting the growth for developed markets. How will the pricing difference impact the overall market?
# What are the upcoming technologies in the global market?

Geographical Growth Scenario:

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 equipments 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.

Key Players:

The major players operating in the environmental testing equipments market include Agilent Technologies (US), Thermo Fisher Scientific (US), and Shimadzu Corporation (Japan). Other players involved in this market include Waters Corporation (US), Bruker (US), PerkinElmer (US), SCIEX (a subsidiary of Danaher) (US), JEOL (Japan), Analytik Jena (Germany), and Merck KGaA (Germany).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags environmental testing equipments , environmental testing equipments market
Last Updated July 29, 2021