Market Research Report
Global Environmental Testing Market - 2019-2026
|Global Environmental Testing Market - 2019-2026|
Published: January 1, 2020
Delivery time: 2 business days
Environmental testing focuses on identifying sediments or contaminants in the given sample, thereby detecting their impact on surroundings. The analytical capabilities of these testing equipment include trace and ultra-trace analysis of hydrocarbons, petrochemicals, metals, contaminants and other materials. These environmental testing services are provided to the industries through projects and consulting.
The global environmental testing market valued USD XX million in 2018 and expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.
Growing investment by the government organizations in advanced testing equipment or services to maintain hygiene and environmental conditions are the factors driving the global environmental testing market. Stringent government regulation imposed over the pollution maintenance, waste water limits led to increased investments by the various manufacturing industries in environmental testing services. These services allow them to identify current pollution and water quality of their discharge. The outcomes of these test are focused and the operation are altered to maintain required limits. Growing establishments of wastewater treatment plants associated with growing demand for sophisticated equipment or services for measuring the water quality is expected to further boost the market for global environmental testing market. Increase in initiatives by the agricultural organization and government institutes for predicting the soil quality and purity, and further carrying out of experiments for the agricultural sustainability. Growing industrial and manufacturing activities across the globe associated with increased among the communities regarding foreign particle contamination is expected to additionally boost the global environmental testing market.
However, High capital investment and high sensitivity associated with testing equipment is the major hindering the growth of global environmental testing market.
Global environmental testing market is segmented on the basis of Sample into water testing, air testing, soil testing, pollution testing and others.
The various environmental water testing services currently available in the market includes drinking water, ground water, waste water, surface water, offshore drinking water and others. Growing establishments of waste water treatment plants by the government institutions to meet the demand from cities and industries for water against back drop of urbanization, population growth and climate variability is expected to boost the global water testing market during the forecast period. The increase establishments of waste water plants and growing regulation by governments over the discharge of waste water from chemical plants is expected to impose huge demand for water testing services across the globe. Extensive usage of water related products in Food and Beverage industry associated with growing investment by these companies in sophisticated testing services to improve their product quality is another factor contributing to the growth of water testing market globally.
Based on Industry, global environmental testing market is segmented into Manufacturing industry, Oil & Gas Industry, Waste Management, Waste water treatment plants, and others. Waste water treatments plants segment is expected to dominate the global environmental testing market owing to growing establishments of sewage treatment plants and increased investment by the government organizations in sophisticated equipment or service for detection of harmful contaminants.
By region, the global Environmental Testing market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.
North America is expected to dominate the global environmental testing market owing to high presence of industrial environment and growing government regulation imposed over the environmental protection. Growing establishments of waste water treatment plants associated with growing demand for sophisticated testing services for measuring sediments is expected to boost the North America environmental testing market. Growing precision agriculture practices for the sustainable agricultural production by the commercial farmers is expected to boost the market of soil testing across the North America.
Growing industrialization and increasing establishments of waste water treatments plants in Saudi Arabia is expected to boost Middle-East and Africa Environmental testing market. According to the study published by Saudi Gazette Report, the volume treated in Kingdom of Saudi Arabia rose from 66% in 2011 to 77% in 2014 and expected to reach 80% providing immense opportunities for water testing services.
The global environmental testing market is consolidated with major market players occupying significant amount of share. The key players in the global environmental testing market includes SGS Group, EMLab P&K, LLC, Eurofins Scientific, ALS Limited, and AB Sciex.
The key strategies adopted by the prominent players in the global environmental testing market includes strategic collaboration and acquisition by the global companies to improve their presence and market share in specific region.