Environmental Test Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Environmental Test Equipment Market Analysis
The environmental testing equipment market is estimated to grow at a CAGR of 6.52% during the forecast period 2021 - 2026. Rising environmental pollution, stricter government policies to regulate emissions and pollutants, and increasing focus on better management of wastewater is expected to drive the market.
- The rate of industrialization has led to an increase in pollution levels. Subsequent policy formulation by the governments has been to address the challenges of industrialization.
- Adoption of advanced environment testing technologies to manage the industrial waste and carbon dioxide emission is expected to be driven by the need to meet these policy mandates. Additionally, the governments are incentivizing pollution reduction by providing tax benefits and subsidiaries to the manufacturers and industries. Further, the growing scarcity of the water is forcing governments to manage water waste more effectively, thereby accelerating the demand for environmental testing equipment.
- According to the World Water Development Report, 2019 published by UN-Water over 2 billion people are experiencing high water stress, and about 4 billion people are experiencing severe water scarcity at least one month of a year.
- However, the high cost associated with the accurate and sensitive analytical testing is expected to restrain the growth of this market. Lack of supporting infrastructure and shortage of skilled professionals is also likely to constrain the adoption of environmental testing equipment.
Environmental Test Equipment Market Trends
This section covers the major market trends shaping the Environmental Test Equipment Market according to our research experts:
Water Testing Applications are Expected to be one of the Major Areas of Application
- Environmental testing equipment is used to test the quality of water especially in cases where the water is used for consumption in any form and screen them to detect the presence of any pesticides.
- The large scale of disposal of industrial waste and effluents into water bodies due to the increase in industrial activities worldwide has aggravated the problem of wastewater. According to UNESCO, over 80% of the wastewater generated by society globally flows back into the environment without being treated or reused.
- Further, the water systems across the world face formidable threats with more than a billion people currently living in water-scarce regions. According to WHO half of the world population is expected to live in water stressed areas by 2025. In addition to this climate change is shifting precipitation patterns and speeding glacial melt accelerating the acute water shortages that the world may face. This further highlights the importance of analyzing and treating wastewater to make them suitable for re-use.
- Water testing equipment is assessed for the presence of dangerous microbes, metals, organics, inorganics. The solutions offered by the players present in the market include E. coli & coliform detection, bioburden testing, USEPA methods for spectrophotometry, in addition to analysis of volatile & semi-volatile compounds.
North America will Continue to be the Largest Market
- The factors that have led to favorable tailwinds for Environmental Testing Equipment in North America are, growing funding for environmental testing and cleanup, increasing awareness, and the existing strict regulations of the governments.
- The Safe Drinking Water Act (SDWA) and the Clean Water Act (CWA) are the two most important environmental laws that govern water regulations in the United States. These empower the US Environmental Protection Agency (EPA) to set regulatory standards and approve analytical methods for testing of drinking water and wastewater discharged to surface water.
- According to EPA data, due to proper implementation of regulations, there have been reductions in emissions in the recent past that have led to dramatic improvements in the quality of the air. Between 1990 and 2017, according to EPA, national concentrations of air pollutants improved 80% for lead, 77% for carbon monoxide, 88% for sulfur dioxide (1-hour), 56% for nitrogen dioxide and 22% for ozone.
- The North American Region is one of the most industrialized regions of the world. Subsequently, it also has been able to develop an excellent ecosystem for industrial waste treatment to strike a balance between economics and sustainability. Ontario in Canada is the global R&D leader in water technologies. With the presence of more than 900 water industry companies is estimated that more USD 14 billion is spent on wastewater treatment research here.
Environmental Test Equipment Industry Overview
The Environmental Test Equipment Market is a highly competitive market with the presence of several medium and large players in the market. The market is expected to expand on account of the regulations being introduced by the governments. This shall attract new players to provide products with the environmental application. Some of the recent development is as follows: -
- July 2019 - Mérieux NutriSciences, a food safety andenvironment testing vendor in Italy, announced the acquisition of the Italian company EcamRicert. The acquisition will help Mérieux NutriSciences expand its capabilities in environmental analyses and nanotechnologies.
- Feb 2019 - Industrial Physics, Inc., a test and measurement equipment pioneer, announced the acquisition of C&W Specialist Equipment Ltd., a specialist in the development and manufacture of corrosion & environmental test chambers.
Environmental Test Equipment Market Leaders
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Agilent Technologies, Inc.
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Thermo Fisher Scientific Inc.
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Shimadzu Corporation
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PerkinElmer, Inc.
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Waters Corporation
*Disclaimer: Major Players sorted in no particular order
Environmental Test Equipment Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Levels of Environmental Pollution
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4.2.2 Increasing Government Regulations For Better Treatment of Industrial Waste
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4.3 Market Restraints
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4.3.1 High Costs of Analytical Testing
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4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
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4.5.1 Threat of New Entrants
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Bargaining Power of Suppliers
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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4.6 Market Snapshot
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4.6.1 By Product
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4.6.1.1 Chromatography
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4.6.1.2 Mass Spectrometry
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4.6.1.3 Molecular Spectroscopy
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4.6.1.4 Other Products
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Air Testing
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5.1.2 Soil Testing
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5.1.3 Water Testing
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.2 Europe
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5.2.2.1 United Kingdom
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5.2.2.2 Germany
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5.2.2.3 France
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5.2.2.4 Italy
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5.2.2.5 Spain
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5.2.2.6 Rest of Europe
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5.2.3 Asia-Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Rest of Asia-Pacific
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5.2.4 Rest of The World
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Agilent Technologies, Inc.
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6.1.2 Thermo Fisher Scientific Inc.
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6.1.3 Shimadzu Corporation
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6.1.4 PerkinElmer, Inc.
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6.1.5 Merck KGaA
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6.1.6 MDS Analytical Technologies (US) Inc. ( Danaher Corporation)
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6.1.7 JEOL, Ltd.
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6.1.8 Analytik Jena AG ( Endress+Hauser AG)
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6.1.9 Waters Corporation
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6.1.10 Bruker Corporation
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Environmental Test Equipment Industry Segmentation
Environmental Testing Equipment is used to identify and measure the compounds and pollutants in soil, water, and air. The vendors in the market have been classified based on the suppliers of the industry for environmental test equipment.
| By Application | |
| Air Testing | |
| Soil Testing | |
| Water Testing |
| Geography | ||||||||
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| Rest of The World |
Environmental Test Equipment Market Research FAQs
What is the current Environmental Test Equipment Market size?
The Environmental Test Equipment Market is projected to register a CAGR of 6.52% during the forecast period (2024-2029)
Who are the key players in Environmental Test Equipment Market?
Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, PerkinElmer, Inc. and Waters Corporation are the major companies operating in the Environmental Test Equipment Market.
Which is the fastest growing region in Environmental Test Equipment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Environmental Test Equipment Market?
In 2024, the North America accounts for the largest market share in Environmental Test Equipment Market.
What years does this Environmental Test Equipment Market cover?
The report covers the Environmental Test Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Environmental Test Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Environmental Test Equipment Industry Report
Statistics for the 2024 Environmental Test Equipment market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Environmental Test Equipment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
