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Environmental Testing Equipment Market Expansion Continues, with Forecast Valuation of $1.87 Billion by 2029
Environmental Testing Equipment Market
Environmental Testing Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for environmental testing equipment has been on a notable growth pathway over the past few years. It is projected to rise from $1.23 billion in 2024 to $1.32 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.9%. Factors such as regulatory compliance, industrial progress, urbanization, pollution management, workplace safety, and awareness towards the environment have significantly contributed to this growth observed in the historic period.
Environmental Testing Equipment Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market for environmental testing equipment is anticipated to witness substantial growth. The market is projected to expand to $1.87 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth during the forecast period include the emergence of contaminants, infrastructure growth, changes in land use and cover, monitoring of climate change, and preparedness of public health. Key trends expected during this period consist of the integration of IoT, portable and field-maneuverable devices, visualization of data and large data analytics, smart sensors and wearable technology, along with high-resolution remote sensing.
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What Are the Drivers Transforming the Environmental Testing Equipment Market?
The increasing environmental pollution worldwide is a major factor propelling the environmental testing equipment market's expansion. The swift rise in industrialization, urbanization, wildfires, transportation, construction, and demonization results in increased pollution levels globally. Governments around the world are putting in significant investments into environmental testing equipment to diligently assess alterations in air, water, and soil pollution, institute ground-breaking policies to handle challenges informed by testing results. To demonstrate, the report from Eurostat, the Luxembourg-based statistical office of the European Union, indicated that total general government expenditure on environmental protection hovered around $125.84 billion (€119 billion), making up 0.8% of the EU's Gross Domestic Product (GDP). Consequently, the escalating environmental pollution is projected to stimulate the consumer demand for environmental testing equipment throughout the forecast period.
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What Long-Term Trends Will Define the Future of the Environmental Testing Equipment Market?
The rise of technology is a predominant influence in the environmental testing equipment industry. Many dominant companies in the sector are focusing on providing technologically advanced solutions to fulfill customer needs and solidify their global presence. An illustration of this occurred in February 2023 when Thermo Fisher Scientific, a US biotech firm, launched two novel wet chemistry analyzers known as Thermo Fisher Scientific's Aqua Master discrete analyzers and The Gallery Aqua Master discrete analyzers. These devices have a diverse range of uses including soil analysis, drinking water testing, as well as analysis of wastewater and sewage.
Which Segments in the Environmental Testing Equipment Market Offer the Most Profit Potential?
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) 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
Subsegments:
1) By Chromatography Products: Gas Chromatography (GC) Systems, Liquid Chromatography (LC) Systems, High-Performance Liquid Chromatography (HPLC)
2) By Mass Spectrometers: Quadrupole Mass Spectrometers, Time-Of-Flight Mass Spectrometers (TOF), Ion Trap Mass Spectrometers
3) By Molecular Spectroscopy Instruments: UV-Visible Spectrophotometers, Infrared Spectroscopy Instruments, Fluorescence Spectrophotometers
4) By Total Organic Carbon (TOC) Analyzers: Non-Purgeable TOC Analyzers, Purgeable TOC Analyzers
5) By Dissolved Oxygen Analyzers: Electrochemical Sensors, Optical Sensors, Conductivity Sensors
6) By Conductivity Sensors: Analog Conductivity Sensors, Digital Conductivity Sensors
7) By Turbidity Meters: Portable Turbidity Meters, Laboratory Turbidity Meters
8) By pH Meters: Portable pH Meters, Benchtop pH Meters
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Which Firms Dominate the Environmental Testing Equipment Market by Market Share and Revenue in 2025?
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., Analytik Jena AG, SCIEX LLC, Extech Instruments Corp., 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., TestEquity LLC, Weiss Technik North America Inc., Russells Technical Products Inc.
Which Regions Offer the Highest Growth Potential in the Environmental Testing Equipment Market?
North America was the largest region in the environmental testing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the environmental testing equipment market during the forecast period. The regions covered in the environmental testing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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