5 Major Insights Into The Environmental Testing Equipment Market Report 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The Business Research Company’s Environmental Testing Equipment Global Market Report 2024 offers crucial insights into the environmental testing equipment market help businesses analyse and build stronger strategies.
The environmental testing equipment market has witnessed robust growth in recent years, with the market size expected to reach $1.25 billion in 2024, marking a significant increase from $1.15 billion in 2023. This growth is attributed to various factors such as regulatory compliance, industrialization, urbanization, pollution control, occupational safety, and growing environmental awareness.
Current Market Dynamics
Regulatory Compliance and Environmental Awareness Driving Growth
- Governments worldwide investing in environmental testing equipment for monitoring and policy implementation.
- Total general government expenditure on environmental protection reached $125.84 billion in the European Union, accounting for 0.8% of the EU’s GDP.
- Rising environmental pollution levels globally fueling demand for testing equipment.
Market Forecast and Emerging Trends
Promising Growth and Emerging Trends in Environmental Testing Equipment
- Market expected to grow to $1.75 billion by 2028 at a CAGR of 8.9%.
- Emerging contaminants, infrastructure development, land use changes, and climate change monitoring contribute to forecasted growth.
- Major trends in the forecast period include IoT integration, portable devices, data visualization, smart sensors, and high-resolution remote sensing.
Impact of Environmental Pollution
Rising Level Of Environmental Pollution To Boost Environmental Testing Equipment Market
- Industrialization, urbanization, wildfires, transportation, and construction contribute to rising environmental pollution.
- Governments invest in testing equipment to monitor air, water, and soil pollution.
- Eurostat reports total general government expenditure on environmental protection at around $125.84 billion.
Read The Full Environmental Testing Equipment Market Report Here:
Role of Technology in Market Growth
Technological Advancement Drives Innovation In The Environmental Testing Equipment Market
- Key trend: Technological advancement leading to innovative solutions in the market.
- Thermo Fisher Scientific introduces Aqua Master discrete analyzers for various applications.
- Companies focus on providing advanced solutions to meet customer demands and strengthen market positions.
Strategic Acquisitions for Market Expansion
Eurofins Acquires Iespm Group To Strengthen Environmental Testing Portfolio
- Eurofins Scientific SE acquires IESPM Group, a France-based provider of oil analysis and environmental testing equipment.
- Acquisition aims to strengthen Eurofins’ position in environmental testing and expand services in oil analysis and research.
Market Segmentation
Environmental Testing Equipment Market Segmentation
- By Product:
- Chromatography Products
- Mass Spectrometers
- Molecular Spectroscopy Instruments
- Total Organic Carbon (TOC) Analyzers
- Dissolved Oxygen Analyzers
- Conductivity Sensors
- Turbidity Meters
- pH Meters
- By Application:
- Water Testing
- Air Testing
- Soil Testing
- By End-Use Industry:
- Government Agencies and Municipal Authorities
- Environmental Testing Laboratories
- Industrial Facilities
- Commercial & Residential Facilities
Regional Insights
Regional Dynamics in the Environmental Testing Equipment Market
- North America led the market in 2023.
- Asia-Pacific projected as the fastest-growing region in the forecast period.
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The Environmental Testing Equipment Global Market Report 2024 provides a comprehensive outlook of the environmental testing equipment market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The environmental testing equipment market forecast offers a thorough analysis on environmental testing equipment market size, environmental testing equipment market share, prominent players and their strategies.
The Table Of Content For The Environmental Testing Equipment Market Include:
1. Environmental Testing Equipment Market Executive Summary
2. Environmental Testing Equipment Market Segments
3. Environmental Testing Equipment Market Size And Environmental Testing Equipment Market Growth Rate
4. Key Environmental Testing Equipment Market Trends
5. Major Environmental Testing Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Environmental Testing Equipment Market
26. Top Environmental Testing Equipment Companies
27. Environmental Testing Equipment Market Opportunities And Strategies
28. Environmental Testing Equipment Market, Conclusions And Recommendations
29. Appendix
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