Environmental Testing Market

SKU: DMBT1926 | Last Updated On: Oct 14 2022 | Available Formats

>Environmental Testing Market Expected to reach a high CAGR of 7.57% By 2029:

Environmental Testing Market is segmented By Sample (Water, Air, Soil, Petrochemicals, others), By Industry (Manufacturing Industry, Oil & Gas Industry, Waste Management, Water Treatment Plants, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Environmental Testing Market is expected to grow at a CAGR of 7.57% during the forecasting period (2022-2029).

Environmental testing focuses on identifying sediments or contaminants in the given sample, thereby detecting their impact on the surroundings. The analytical capabilities of this testing equipment include trace and ultra-trace analysis of hydrocarbons, petrochemicals, metals, contaminants, and other materials. These environmental testing services are provided to the industries through projects and consulting.

Environmental Testing Market

Metrics

Details

Market CAGR

7.57%

Segments Covered

By Sample, By Industry, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Market Dynamics:

The growing investment by government organizations in advanced testing equipment or services to maintain hygiene and environmental conditions are the factors driving the global environmental testing market. Stringent government regulation imposed over the pollution maintenance, wastewater limits led to increased investments by the various manufacturing industries in environmental testing services. These services allow them to identify the current pollution and water quality of their discharge. The outcomes of these tests are focused and the operation is altered to maintain required limits. Growing establishments of wastewater treatment plants associated with growing demand for sophisticated equipment or services for measuring the water quality is expected to further boost the market for the global environmental testing market. Increase in initiatives by the agricultural organization and government institutes for predicting the soil quality and purity, and further carrying out of experiments for the agricultural sustainability. Growing industrial and manufacturing activities across the globe associated with increased among the communities regarding foreign particle contamination are expected to additionally boost the global environmental testing market.

However, high capital investment and high sensitivity associated with testing equipment is the major hindering the growth of the global environmental testing market.

Market Segmentation

The global environmental testing market is segmented on the basis of Sample into water testing, air testing, soil testing, pollution testing and others.

The various environmental water testing services currently available in the market include drinking water, groundwater, wastewater, surface water, offshore drinking water, and others. Growing establishments of wastewater treatment plants by the government institutions to meet the demand from cities and industries for water against a backdrop of urbanization, population growth, and climate variability is expected to boost the global water testing market during the forecast period. The increased establishment of wastewater plants and growing regulation by governments over the discharge of wastewater from chemical plants is expected to impose huge demand for water testing services across the globe. Extensive usage of water-related products in the Food and Beverage industry associated with growing investment by these companies in sophisticated testing services to improve their product quality is another factor contributing to the growth of the water testing market globally.

Based on Industry, the global environmental testing market is segmented into the Manufacturing industry, Oil & Gas Industry, Waste Management, Wastewater treatment plants, and others. Wastewater treatments plants segment is expected to dominate the global environmental testing market owing to growing establishments of sewage treatment plants and increased investment by the government organizations in sophisticated equipment or service for the detection of harmful contaminants.  

Geographical Presentation

By region, the global Environmental Testing market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.

North America is expected to dominate the global environmental testing market owing to high presence of industrial environment and growing government regulation imposed over the environmental protection. Growing establishments of waste water treatment plants associated with growing demand for sophisticated testing services for measuring sediments is expected to boost the North American environmental testing market. Growing precision agriculture practices for sustainable agricultural production by commercial farmers is expected to boost the market of soil testing across North America.

Growing industrialization and increasing establishments of wastewater treatments plants in Saudi Arabia are expected to boost Middle-East and Africa Environmental testing market. According to the study published by Saudi Gazette Report, the volume treated in the Kingdom of Saudi Arabia rose from 66% in 2011 to 77% in 2014 and is expected to reach 80% providing immense opportunities for water testing services.

Competitive Analysis

The global environmental testing market is consolidated with major market players occupying significant amount of share. The key players in the global environmental testing market includes SGS Group, EMLab P&K, LLC, Eurofins Scientific, ALS Limited, and AB Sciex.

The key strategies adopted by the prominent players in the global environmental testing market include strategic collaboration and acquisition by the global companies to improve their presence and market share in a specific regions.

  • For instance, in March 2019 McLarens global independent insurance services provider acquired American Environmental Group, LLC as part of environmental testing and consulting services expansion in the U.S.

  • In October 2018, Eurofins acquired Test America to expand its environmental testing offerings across the U.S. 

  • In August 2018, ALS limited acquired Truesdail laboratories, LLC to expand its pharmaceutical, nutraceutical, environmental, food testing capabilities and geographical presence in the U.S.

Frequently Asked Questions

What is the Projected CAGR value of the Environmental Testing Market?

Environmental Testing Market is expected to grow at a CAGR of 7.57% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Environmental Testing Market during 2022-2029.

Which is the fastest growing region in the Environmental Testing Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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