Overview and Scope
The environmental testing equipment refers to various products and equipment primarily used to evaluate the dependability of multiple products and components under continuous exposure to a variety of environmental conditions. The purpose of the equipment is to detect and identify multiple contaminants that may impact the quality of the air, water, and soil.
Sizing and Forecast
The environmental testing equipment market size has grown strongly in recent years. It will grow from <b>$1.15 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. </b> The growth in the historic period can be attributed to regulatory compliance, industrialization and urbanization, pollution control, occupational safety, environmental awareness.
The environmental testing equipment market size is expected to see strong growth in the next few years. It will grow to <b>$1.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. </b> The growth in the forecast period can be attributed to emerging contaminants, infrastructure development, land use and land cover changes, climate change monitoring, public health preparedness. Major trends in the forecast period include iot integration, portable and field-deployable devices, data visualization and big data analytics, smart sensors and wearables, high-resolution remote sensing.
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Segmentation & Regional Insights
The environmental testing equipment market covered in this report is segmented –
1) By Product: Chromatography Products, Mass Spectrometers , Molecular Spectroscopy Instruments, Total Organic Carbon (TOC) Analysers, Dissolved Oxygen Analysers, Conductivity Sensors, Turbidity Meters, pH Meters
2) By Application: Water Testing, Air Testing, Soil Testing
3) By End-Use Industry: Government Agencies and Municipal Authorities, Environmental Testing Laboratories, Industrial Facilities, Commercial & Residential Facilities
<b>North America</b> was the largest region in the environmental testing equipment market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the environmental testing equipment market during the forecast period. The regions covered in the environmental testing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Rising levels of environmental pollution worldwide significantly contribute to the growth of the environmental testing equipment market. Rapid growth in industrialization and urbanization, wildfires, transportation, construction, and demonization have contributed to rising levels of environmental pollution across the globe. Governments across the globe are investing in environmental testing equipment to constantly monitor changes in air, water, and soil pollution and implement innovative policies to tackle challenges based on inputs from testing activities. For instance, according to the report published by Eurostat, a Luxembourg-based statistical office of the European Union, total general government expenditure on environmental protection was around $125.84 billion (€119 billion), which accounted for 0.8% of the EU’s Gross Domestic Product (GDP). Therefore, the rising level of environmental pollution is expected to boost demand for environmental testing equipment during the forecast period.
Key Industry Players
Major companies operating in the environmental testing equipment market include <b> Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Merck KGaA, Danaher Corporation, JEOL Ltd., Endress+Hauser Group Services AG, JASCO Corporation, Teledyne Technologies Incorporated, AMETEK Inc., MDS Analytical Technologies Inc., Analytik Jena AG, SCIEX LLC, Extech Instruments Corp., Amphenol Corporation, PathSensors Inc., Alpha Analytical Inc., American Environmental Testing Laboratory LLC, Eurofins Scientific SE, EMSL Analytical Inc., Hydrologic Associates USA Inc., Intertek Group plc, Microbac Laboratories Inc., Pace Analytical Services LLC, Thermotron Industries Inc., Cincinnati Sub-Zero Products LLC, TestEquity LLC, Weiss Technik North America Inc., Russells Technical Products Inc. </b>
The environmental testing equipment market report table of contents includes:
1. Executive Summary
2. Environmental Testing Equipment Market Characteristics
3. Environmental Testing Equipment Market Trends And Strategies
4. Environmental Testing Equipment Market – Macro Economic Scenario
5. Global Environmental Testing Equipment Market Size and Growth
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31. Global Environmental Testing Equipment Market Competitive Benchmarking
32. Global Environmental Testing Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Environmental Testing Equipment Market
34. Environmental Testing Equipment Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Agilent Technologies Inc
Shimadzu Corporation, Waters Corporation
Bruker Corporation
PerkinElmer Inc.
Merck KGaA
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