Environmental Testing Equipment Market Size, Market Competitive Landscape, Business Growth, Share, And Forecast To 2033

The new report published by The Business Research Company, titled ""Environmental Testing Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Rising Level Of Environmental Pollution To Boost Environmental Testing Equipment Market
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.

Technological Advancement Drives Innovation In The Environmental Testing Equipment Market
Technological advancement is the key trend gaining popularity in the environmental testing equipment market. Major companies operating in the environmental testing equipment market focus on providing technologically advanced solutions to meet the end-customer demand and strengthen their market position across the globe. For instance, in February 2023, Thermo Fisher Scientific, a US-based biotechnology company, introduced two new wet chemistry analyzers, called Thermo Fisher Scientific's Aqua Master discrete analyzers and The Gallery Aqua Master discrete analyzers. This analyzer can be used for a variety of applications, such as soil analysis, drinking water analysis, and wastewater and sewage water analysis.

The environmental testing equipment market covered in this report is segmented -

1) By Product: Chromatography Products, Mass Spectrometers , Molecular Spectroscopy Instruments, Total Organic Carbon (TOC) Analysers, Dissolved Oxygen Analysers, 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

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Major companies operating in the environmental testing equipment market include Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Merck KGaA, Danaher Corporation, JEOL Ltd., Endress+Hauser Group Services AG, JASCO Corporation, Teledyne Technologies Incorporated, AMETEK Inc., MDS Analytical Technologies Inc., Analytik Jena AG, SCIEX LLC, Extech Instruments Corp., Amphenol Corporation, PathSensors Inc., Alpha Analytical Inc., American Environmental Testing Laboratory LLC, Eurofins Scientific SE, EMSL Analytical Inc., Hydrologic Associates USA Inc., Intertek Group plc, Microbac Laboratories Inc., Pace Analytical Services LLC, Thermotron Industries Inc., Cincinnati Sub-Zero Products LLC, TestEquity LLC, Weiss Technik North America Inc., Russells Technical Products Inc.

Contents of the report:
1. Executive Summary
2. Environmental Testing Equipment Market Report Structure
3. Environmental Testing Equipment Market Trends And Strategies
4. Environmental Testing Equipment Market - Macro Economic Scenario
5. Environmental Testing Equipment Market Size And Growth
…..
27. Environmental Testing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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