The international demand for environmental testing equipment is expected to reach US$ 1.6 billion in 2032, up from US$ 1.1 billion in 2022, with a CAGR of 7.6% over the forecast timeframe.
The soaring levels of environmental pollution around the world increased efforts from public/private organizations to raise knowledge about global protection, privatization of environmental air testing equipment and treatment services, and increased funding for wastewater treatment projects/programs are all driving growth in the environmental testing equipment market.
Growing urbanization is expected to drive the environmental testing equipment market share landscape in the coming years, resulting in rising pollution levels around the world and strict government laws to regulate toxic materials and greenhouse gas emissions.
Market expansion is expected to be aided by rising water scarcity caused by the evaporation of freshwater bodies, as well as a rapid increase in demand for wastewater management. Water testing is essential to ensure that a safe and reliable water supply is maintained, as well as sufficient prevention from contamination.
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The demand for environmental air testing equipment in the next years may be fueled by a gradually decreasing air quality index caused by an increase in industrial and vehicular emissions, as well as the greenhouse impact.
As per the global environmental testing equipment market study, the COVID-19 pandemic has sparked the world’s worst economic collapse since the Great Depression. The worldwide average intake of petroleum and other liquid fuels in 2020 will be significantly lower than in the previous year.
However, in the post-covid years, this decline in global petrochemical production is likely to reverse. According to the Energy Information Agency (EIA), the decline in production will reverse in 2022. Because of their significant pollutant emissions, the rise of these industries is likely to generate strong growth possibilities for environmental laboratory testing equipment and environmental testing equipment suppliers in the coming years.
Massive capital requirements for precise and sensitive analytical testing, as well as insufficient associated infrastructure and a shortage of experienced specialists, are challenges that are projected to impede the environmental testing equipment market size in the next years
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- In 2021, North America held the greatest share of the worldwide market. Growing funding for environmental testing methods in the US, widespread use of environmental testing equipment in the pharmaceutical sector, growing food safety concerns in the US, and government programs to improve lab infrastructure and propel fundamental scientific research in Canada are all factors contributing to North America’s growing environmental testing equipment market share.
- In 2021, the government agencies and local authorities segment held the greatest proportion of the environment equipment market. The government’s cooperation in environmental testing and pollution monitoring, particularly in emerging countries with severe pollution levels, can be ascribed to a major share of this market.
The key players are concentrating their efforts on growing their footprint in rising markets like Latin America, the Middle East, and the Asia Pacific.
Due to the increased focus on environmental pollution monitoring and control, particularly air pollution, in the Asia Pacific region, the market in China is predicted to develop at the fastest CAGR with major investments in environmental air testing equipment.
Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, Bruker, PerkinElmer, Shimadzu Corporation, SCIEX, Analytik Jena, Merck, and JEOL are some of the major companies in the environmental testing equipment sector. To expand their market position and develop a significant client base, these companies are pursuing tactics such as collaborations, new continuous innovation, mergers, and acquisitions.
SCIEX (US), a division of Danaher Corporation (US), announced the ZenoTOF 7600 system LC-MS/MS instrument in June 2021.
Global Environmental Test Equipment: Market Segmentation
On the basis of type, environmental test equipment can be segmented as:-
- Manometers and Air Flow Meters
- Moisture and Humidity Meters
- Multi-Purpose Meters
- Light and Sound Meters
- C02 Detectors and Meters
- Distance Meters
- Anemometer & Wind Speed Measurers
- Irradiance meters
- Solar meters and solar PV installation accessories
On the basis of application, environmental test equipment can be segmented as:-
- Environmental Chemical Testing
- Public health and safety
- Field testing
On the basis of Distribution Channel, environmental test equipment can be segmented as:-
- Electronic Stores
- Specialty Stores
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