Environmental Testing Equipment Market worth $2.9 billion by 2023

PUNE, India, 2021-Feb-01 — /EPR Network/ —

The global Environmental Testing Instrument Market is expected to reach USD 2.9 billion by 2023 from USD 2.1 billion in 2018, at a CAGR of 7.1%. Growth in the environmental testing equipment market is mainly driven by factors such as the 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.

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the environmental testing equipment market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

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The mass spectrometers segment is expected to account for the largest share of the products & services market in 2018

On the basis of products, the environmental testing equipment market is segmented into mass spectrometers, chromatography products, molecular spectroscopy products, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products. The mass spectrometers segment held the largest share of the environmental testing equipment market in 2018 and this segment is also projected to register the highest growth during the forecast period. MS is the most specific method for the study of small and volatile molecules, which is a major factor driving market growth. Also, the various technological enhancements in GC-MS systems are supporting the adoption of MS in environmental testing.

Recent Developments in the Industry:

• In March 2018, Agilent established a new logistics hub in Shanghai to enable rapid delivery of the company’s instrument parts, supplies, and consumables to laboratories in China.
• In August 2016, Shimadzu acquired SINC (SINC do Brasil Instrumentaçâo Cientifica Ltda.) to strengthen its analytical and measuring instruments business in Brazil.

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 Environmental Testing Instrument 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.

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 equipment 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.

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Global Leaders:

The major players operating in the environmental testing equipment 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).

Key questions addressed by the report:

• Which of the product segment will dominate the global Environmental Testing Instrument 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?

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