Global Environmental Testing Strategic Analysis Report 2023: Market to Reach $15.7 Billion by 2030 - Rising Emphasis on IAQ in Commercial Environments Underpins Revenue Growth
Global Market for Environmental Testing
Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Environmental Testing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Environmental Testing Market to Reach $15.7 Billion by 2030
The global market for Environmental Testing estimated at US$8.7 Billion in the year 2022, is projected to reach a revised size of US$15.7 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030.
Wastewater/Effluent, one of the segments analyzed in the report, is projected to record a 8.6% CAGR and reach US$8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Soil segment is readjusted to a revised 7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 10.7% CAGR
The Environmental Testing market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$814.7 Million by the year 2030.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute | Details |
No. of Pages | 581 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $8.7 Billion |
Forecasted Market Value (USD) by 2030 | $15.7 Billion |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |
MARKET OVERVIEW
Impact on Environmental Testing Market
Services to Detect COVID-19 Virus on Environmental Surfaces Impel Testing Market
COVID-19 Impact: Wastewater Surveillance Emerge as Lucrative Area for Environmental Testing Providers
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Environmental Testing: A Prelude
Environmental Testing by Sample Type
Types of Environmental Testing Methods
Growing Demand for Clean Environment Ups the Need for Environmental Testing
Accelerating Significance of Environmental Safety in Developing Nations Boosts Growth
Regulations Buoy Demand
Challenges Faced
Inadequate Infrastructure Remains Key Challenge
Competitive Scenario
Recent Market Activity
MARKET TRENDS & DRIVERS
Rapid Testing Technologies Gain Momentum
Deteriorating Quality of Water Throws Emphasis on Water Testing Services
Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
Water Analysis Instruments Become Smaller, Cheaper and Faster
Adoption of Environmental Sensors on Rise
Poor Water Quality Increases Demand for Dissolved Gases Sensors
Rise in Use of Gas Sensors for Environmental Monitoring
Dissolved Oxygen Analysis and Growing Significance
Growing Prevalence of Infectious Diseases Pushes Demand for Testing Procedures
Testing Soil Quality Gains Significant Importance
Influx of Innovative Technologies to Aid Soil Analysis for Higher Productivity
Next-Generation Field Instruments Set New Standards in Environmental Testing
Growing Concerns over Rising Emissions, and Climate Change Trigger Demand for Air Quality Testing Services
Rising Emphasis on IAQ in Commercial Environments Underpins Revenue Growth
Common Air Pollutants
Major Indoor Pollutants and their Impact on Health: A Snapshot
FOCUS ON SELECT PLAYERS (Total 60 Featured)
AB Sciex LLC
Alex Stewart International
ALS Limited
Bureau Veritas S.A.
Eurofins Scientific S.E.
Intertek Group plc.
Merieux NutriSciences
Microbac Laboratories, Inc.
SGS SA
For more information about this report visit https://www.researchandmarkets.com/r/rujqcn
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