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Soil Testing Equipment System Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Soil Testing Equipment Market Size, Growth Rate, And Forecast
The global soil testing equipment market size is expected to grow from $4.14 billion in 2022 to $4.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soil testing equipment market size is expected to reach $7.15 billion in 2027 at a CAGR of 11.3%.
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Soil Testing Equipment Market Drivers
The rise in the number of construction activities is expected to boost the growth of the soil testing equipment market going forward. Construction activities refers to all work done in connection with the development, assembly, modification of buildings, structures, roadways, including the clearing, grading, excavation, and filling of land. Soil testing is a scientific instrument for evaluating and analyzing soil's intrinsic technical and physical properties and carrying capacity. It facilitates the selection of the particular foundation where construction has to be done.
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Soil Testing Equipment Market Segments
• By Type Of Test: Physical, Residual, Chemical
• By Site: Laboratory, On-site
• By Degree Of Automation: Manual, Semi-Automatic, Automatic
• By End-User: Construction industry, Agriculture industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the soil testing equipment market.
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Soil Testing Equipment Market Key Players
Major competitors in the soil testing equipment market include Controls S.p.A., ELE International, Gilson Company Inc., Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer Inc., Merck KGaA, LaMotte Company, Humboldt Mfg. Co., EIE Instruments Pvt. Ltd, Sun Labtek Equipment's (I) Pvt. Ltd.
The Business Research Company's "Global Soil Testing Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Soil Testing Equipment Market Include:
1. Executive Summary
2. Soil Testing Equipment Market Characteristics
3. Soil Testing Equipment Market Trends And Strategies
4. Soil Testing Equipment Market - Macro Economic Scenario
5. Soil Testing Equipment Market Size And Growth
……
26. Africa Soil Testing Equipment Market
27. Soil Testing Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soil Testing Equipment Market
29. Soil Testing Equipment Market Future Outlook and Potential Analysis
30. Appendix
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