Press release
Global Environmental Testing Equipment Market: Significant Growth Predicted Fueled by Rising Pollution and Technological Advancements
Environmental Testing Equipment Market Analysis
Growth in industrialization, urbanization, increased regulatory compliance and environmental awareness are driving the environmental testing equipment market.
What Is The Projected Market Size Of The Global Environmental Testing Equipment Market And Its Growth Rate?
• The market size of the environmental testing equipment was $1.23 billion in 2024 and is predicted to reach $1.32 billion in 2025, marking a 7.9% CAGR.
• By 2029, the market is expected to further grow to $1.87 billion with a 9% CAGR.
• This growth is attributed to numerous factors such as emerging contaminants, infrastructure development, land use and land cover changes, climate change monitoring, public health preparedness.
What Is Driving The Growth In The Environmental Testing Equipment Market?
Rising levels of environmental pollution significantly contribute to the growth of the environmental testing equipment market. Rapid industrialization, urbanization, wildfires, transportation, and construction have led to increased pollution levels globally. Governments around the world are investing in environmental testing equipment to monitor changes in air, water, and soil pollution and to implement policies based on testing results. For instance, the EU's total general government expenditure on environmental protection was approximately $125.84 billion, accounting for 0.8% of the EU's Gross Domestic Product (GDP). The rising level of environmental pollution is predicted to boost the demand for environmental testing equipment in the forecast period.
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Who Are the Key Players Driving Environmental Testing Equipment Market Growth?
Major players in the market include:
• Agilent Technologies Inc.
• Thermo Fisher Scientific Inc.
• Shimadzu Corporation
• Waters Corporation
• Bruker Corporation
• PerkinElmer Inc.
• Merck KGaA
• Danaher Corporation
• JEOL Ltd.
What Are The Key Trends In The Environmental Testing Equipment Market?
Key trends influencing the market include:
• IoT integration
• Portable and field-deployable devices
• Data visualization and big data analytics
• Smart sensors and wearables
• High-resolution remote sensing
What Are The Segments Of The Global Environmental Testing Equipment Market?
The market segments are based on:
• Product: Chromatography Products, Mass Spectrometers, Molecular Spectroscopy Instruments, TOC Analyzers, Dissolved Oxygen Analyzers, Conductivity Sensors, Turbidity Meters, pH Meters
• Application: Water Testing, Air Testing, Soil Testing
• End-Use Industry: Government Agencies and Municipal Authorities, Environmental Testing Laboratories, Industrial Facilities, Commercial & Residential Facilities
Which Region Leads The Environmental Testing Equipment Market?
In 2024, North America was the largest region for the environmental testing equipment market, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The regions include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Environmental Testing Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Environmental Testing Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Environmental Testing Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Environmental Testing Equipment Market growth.
- Market Drivers: Detail key factors influencing market growth, including new contaminants, infrastructure development, and more.
- Industry Challenges: Analyze challenges and risks affecting the Environmental Testing Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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