What Factors Propelled The Growth Of The Environmental Testing Equipment Market In The Past?
The environmental testing equipment market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a significant increase in the size of the environmental testing equipment market. It is projected to rise from $1.23 billion in 2024 to $1.32 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.9%.
Key factors contributing to the growth over the historical period include regulatory compliance, industrialization and urbanization, pollution control measures, occupational safety measures, and heightened environmental awareness.
What Is The Projected Growth And Market Size For The Environmental Testing Equipment Sector?
The environmental testing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the near future, a robust augmentation is anticipated in the environmental testing equipment market size. With an expected compound annual growth rate (CAGR) of 9.0%, the market is projected to reach $1.87 billion in 2029.
Factors contributing to this rise during the upcoming prediction period include the emergence of new contaminants, development in infrastructure, alterations in land use and land cover, monitoring of climate change, and readiness in public health. The period is also expected to witness major advancements such as the integration of IoT, the advent of portable and on-site deployable apparatus, data depiction and extensive data analysis, smart sensors and wearables, along with high-resolution remote sensing.
What Are The Core Factors Supporting Growth In The Environmental Testing Equipment Market?
The escalation in environmental pollution on a global scale plays a significant role in expanding the environmental testing equipment market. Accelerated industrialization and urbanization, wildfires, transportation, construction, and demonization have all impacted the increase in environmental pollution worldwide. To consistently track alterations in air, water, and soil pollution and formulate creative strategies to address these concerns, governments worldwide are spending on environmental testing equipment. For example, as documented by Eurostat, the Luxembourg-based European Union's statistical bureau, the overall government expenditure on environmental protection summed up to approximately $125.84 billion (€119 billion), equating to 0.8% of the EU's Gross Domestic Product (GDP). Hence, the anticipated surge in demand for environmental testing tools during the projected period is attributed to the growing levels of environmental pollution.
What Are The Major Segments Within The Global Environmental Testing Equipment Market?
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
Pre-Book The Environmental Testing Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Environmental Testing Equipment Market?
The notable trend in the environmental testing equipment market is the rise of technological innovations. Companies in the sector are looking to satisfy customer demands and fortify their global market presence by offering technologically advanced solutions. For instance, Thermo Fisher Scientific, an American biotechnology firm, rolled out two new wet chemistry analyzers in February 2023 - Thermo Fisher Scientific's Aqua Master discrete analyzers and The Gallery Aqua Master discrete analyzers. These analyzers have multiple applications, including soil analysis, analysis of drinking water, and testing of wastewater and sewage water.
Who Are the Key Players in the Environmental Testing Equipment Market?
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.
What Is The Most Dominant Region 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.
