Categories: Energy & Power
Format :
Environmental Testing Equipment Market Snapshot
“Environmental Testing Equipment Market, valued at USD 1.78 billion in 2022, is projected to reach USD 4.32 billion by 2030, with a 7.12% CAGR growth rate between 2023 and 2030.”
Equipment that offers a regulated temperature, humidity, or atmosphere for testing is known as an environmental test environment. Equipment for environmental monitoring and testing is used to measure temperature, humidity, and microbiological contaminants in air, water, and soil.
The results of the tests are widely used for regulatory compliance, production safety, and quality assurance procedures. Any number of contaminants that can have an influence on a product's efficacy can be found and identified using equipment for environmental monitoring and testing.
Air quality monitoring equipment checks for the presence of air contaminants, which might include a range of environmental pollutants, microbes, gases, moisture, and other particles.
The market has witnessed an increase in demand for devices, including sensitive analytical methods to identify insecticides that polycyclic aromatic hydro carbons (PAHs), and polychlorinated biphenyls, as a consequence of the increased focus on monitoring the environment on a worldwide scale (PCBs).
Environmental test equipment is used in a variety of contexts, including field testing, hygiene & safety, agricultural, environmental chemical testing, etc.
Important laboratory and non-laboratory devices include particle counts, pH meters, refractometers, warming chambers, equilibrium, evaporators, biodiesel analyzers, and stability chambers. Autosamplers, GC systems, and software are other tools widely used in environmental testing.
The growing awareness of and concern for environmental preservation and sustainability is the main factor driving the market for environmental testing equipment.
To prevent environmental pollution and maintain the safety of both human health and the ecosystem, governments and regulatory agencies throughout the world are putting into place strict environmental rules and standards.
In order to comply with these rules and requirements, many different businesses, including manufacturing, healthcare, and construction, have used environmental testing equipment widely.
Additionally, as industry and globalization grow, environmental contamination rises, necessitating ongoing environmental testing and monitoring.
Laboratory analysts must use cutting-edge testing tools to manage laborious sample preparation. The dynamics of the environmental testing market have significantly changed as a consequence of the large variety of testing techniques now in use and the development of cutting-edge technology for environmental samples.
Cost, sample preparation, and calibration restrictions apply to these methods. The cost of these systems has grown as a result of technological advancements. Environmental agencies need several systems, which greatly raises their capital expense.
The total cost of ownership of these instruments also rises as a result of maintenance charges and other indirect expenses. This could restrict market acceptance to some extent, which might therefore impede market expansion in the next years.
>>>Download Sample Report Now: https://marketreportservice.com/request-sample/environmental-testing-equipment-market-54585
Market Drivers
Environmental concerns have led to increased demand for environmental test equipment in the global Test and Measurement market.
Governments prioritize environmental pollution control, enforcing strict waste disposal rules. Environmental test techniques are being used to check water quality before usage due to increased water contamination.
Companies are incorporating environmental test equipment into their product lines to meet emission management needs. The demand for environmental test equipment is expected to grow due to rising pollution and strict regulations.
Market Restraints
Modern analytical testing methods, such as liquid chromatography (LC), high-performance liquid chromatography (HPLC), and spectrometry, have significantly changed the environmental testing market due to their sensitivity, accuracy, and efficiency. However, these methods also have high capital expenditures due to cost, sample preparation, and calibration restrictions.
The rising prices of these systems have led to environmental agencies requiring multiple systems, increasing their capital expense. Maintenance charges and other indirect expenses also contribute to the total cost of ownership of these instruments.
Environmental Testing Equipment Market Segment Analysis
The mass spectrometers, molecular spectroscopy products, pH meters, TOC analyzers, dissolved oxygen meters, chromatography products, conductivity sensors, turbidity meters, and other items may all be classified as products in the market. The sector of mass spectrometers is further divided into inductively coupled plasma mass spectrometers, gas chromatography-mass spectrometry, and liquid chromatography-mass spectrometry (LC-MS) devices. In terms of revenue, the mass spectrometers segment dominated the global market in 2021. The use of mass spectrometers for environmental testing is growing as a result of technological developments in gas chromatography-mass spectrometry (GC-MS) devices.
The environmental testing equipment market is divided into three categories based on platform: traditional/benchtop, portable/mobile, and handheld. The imaging market is divided into two main groups based on type: dynamic imaging and static imaging. Due to its miniaturized method, which is lighter, cheaper, and uses less power, portable/mobile platforms are becoming more and more popular with lab workers. Demand will also rise as a result of the government's strict laws for pollution monitoring and management in industrialized nations.
The market may be divided into three categories according to application type: soil, air, and water testing. In 2022, the water testing category had the greatest revenue share worldwide. This is caused by both the ongoing rise in water pollution and the increased need for wastewater treatment services.
The environmental testing equipment market is divided into a variety of end users, including industrial facilities, commercial and residential buildings, government and municipal institutions, environmental testing laboratories, and other end users. The market for environmental testing equipment held the biggest share in 2022 among governmental and local entities. A significant portion of this market may be attributable to the government's active involvement in environmental testing and pollution monitoring, particularly in developing nations with worrying pollution levels.
Key Companies Profiled
The global market is fragmented in nature with the presence of various key players such as SCIEX, Merck KGaA, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Danaher Corporation, JEOL Ltd., Endress+Hauser Group Services AG, JASCO Corporation, Teledyne Technologies Incorporated, AMETEK, INFICON along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.
New Developments
May 3, 2023 - Leading science and technology corporation Merck has signed a non-binding Memorandum of Understanding (MoU) for a new Asia-Pacific Bioprocessing Centre with Daejeon City and the Ministry of Trade, Industry, and Energy (MOTIE) to boost the region's healthcare ecosystem. The envisioned bioprocessing plant would assist in commercial production for biotech and pharmaceutical clients in the Asia-Pacific region.
February 27, 2023 - A new partnership between HighRes Biosolutions and SCIEX, a world authority on life science analytical technology, was recently revealed. This integrated solution intends to offer thorough and adaptable procedures for HT-ADME, synthetic biology, and high-throughput screening research.
Environmental Testing Equipment Market Regional Analysis
In terms of market share, the North American region is predicted to account for 31% of the global market for environmental testing equipment. Growth in this region is anticipated to be fueled by the strict pollution monitoring and control laws set out by the U.S. EPA and Environment and Climate Change Canada, as well as growing concerns about climate change, global warming, and environmental pollution. Furthermore, it is projected that the installation of environmental testing systems across North America will be influenced by strong company internal policies addressing safe working conditions and pollution monitoring, as well as the continuous availability of financial resources. The main markets in the North American region are the United States, Canada, and Mexico.
Segments Covered in Environmental Testing Equipment Market
Environmental Testing Equipment Market by Product
Environmental Testing Equipment Market by Platform
Environmental Testing Equipment Market by Application
Environmental Testing Equipment Market by End Use
Frequently Asked Questions
What is the worth of environmental testing equipment market?
The environmental testing equipment market is expected to reach USD 2 billion by the end of 2023.
What are the upcoming trends of environmental testing equipment market globally?
Growing demand for portable and handheld devices is a key trend gaining popularity.
What is the CAGR of environmental testing equipment market?
Environmental Testing Equipment Market, valued at USD 1.78 billion in 2022, is projected to reach USD 4.32 billion by 2030, with a 7.12% CAGR growth rate between 2023 and 2030.
Which are the top companies to hold the market share in environmental testing equipment market?
The global market is fragmented in nature with the presence of various key players such as SCIEX, Merck KGaA, Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Danaher Corporation, JEOL Ltd., Endress+Hauser Group Services AG, JASCO Corporation, Teledyne Technologies Incorporated, AMETEK, INFICON
Which is the largest regional market for environmental testing equipment market?
The North America dominated the global industry in 2022 and accounted for the maximum share of more than 31% of the overall revenue.
Base Year:2022
Historical Data:2018-2022
No of Pages: