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Environmental Testing Equipment Market Future Scope and Latest Trends Analysis Report
The Business Research Company presents an extensive market research report on the ""Environmental Testing Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the environmental testing equipment industry. This report on environmental testing equipment market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The environmental testing equipment market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to regulatory compliance, industrialization and urbanization, pollution control, occupational safety, environmental awareness.
The environmental testing equipment market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to emerging contaminants, infrastructure development, land use and land cover changes, climate change monitoring, public health preparedness.
Major trends in the forecast period include iot integration, portable and field-deployable devices, data visualization and big data analytics, smart sensors and wearables, high-resolution remote sensing.
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Key Market Players:
Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc.
Market Drivers:
According to the Environmental Testing Equipment Market Report 2024 by The Business Research Company, Rising levels of environmental pollution worldwide significantly contribute to the growth of the environmental testing equipment market. Rapid growth in industrialization and urbanization, wildfires, transportation, construction, and demonization have contributed to rising levels of environmental pollution across the globe. Governments across the globe are investing in environmental testing equipment to constantly monitor changes in air, water, and soil pollution and implement innovative policies to tackle challenges based on inputs from testing activities. For instance, according to the report published by Eurostat, a Luxembourg-based statistical office of the European Union, total general government expenditure on environmental protection was around $125.84 billion (€119 billion), which accounted for 0.8% of the EU's Gross Domestic Product (GDP). Therefore, the rising level of environmental pollution is expected to boost demand for environmental testing equipment during the forecast period.
More information about the Global Environmental Testing Equipment Market Report -
https://www.thebusinessresearchcompany.com/report/enteral-feeding-devices-global-market-report
Market segments for environmental testing equipment include:
1) By Product: Chromatography Products, Mass Spectrometers, Molecular Spectroscopy Instruments, Total Organic Carbon (TOC) Analyzers, Dissolved Oxygen Analyzers, Conductivity Sensors, Turbidity Meters, pH Meters
2) By Application: Water Testing, Air Testing, Soil Testing
3) By End-Use Industry: Government Agencies and Municipal Authorities, Environmental Testing Laboratories, Industrial Facilities, Commercial & Residential Facilities
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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