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Environmental Testing - Global Market Trajectory & Analytics

  • ID: 1946763
  • Report
  • July 2020
  • Region: Global
  • 386 Pages
  • Global Industry Analysts, Inc
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Global Environmental Testing Market to Reach $15.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Environmental Testing estimated at US$10.2 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Wastewater/Effluent, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$6.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Soil segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 9.2% CAGR

The Environmental Testing market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Water Segment to Record 5.2% CAGR

In the global Water segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2027, while Latin America will expand at a 6.4% CAGR through the analysis period. We bring years of research experience to this 20th edition of our report. The 386-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • AB Sciex LLC
  • Alex Stewart International
  • ALS Limited
  • BioControl Systems
  • Bureau Veritas S.A.
  • Eurofins Scientific S.E.
  • Intertek Group plc
  • Mérieux NutriSciences
  • Microbac Laboratories
  • SGS SA

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Environmental Contamination - An Area of Growing Concern

Recent Market Activity

Outlook

Growing Significance of Environmental Safety in Developing Nations

Competitive Scenario

Challenges Faced

Legislations Drive Demand

Growing Demand for Clean Environment Ups the Need for Environmental Testing

Growing Prevalence of Infectious Diseases Pushes Demand for Testing Procedures

Rapid Testing Technologies - A Fast Growing Segment

Deteriorating Quality of Water: Throws Emphasis on Water Testing Services

Water Analysis Instruments Become Smaller, Cheaper and Faster

Dissolved Oxygen Analysis and Growing Significance

Role of RT-ddPCR Techniques for Quantitating RNA Viruses in Water Samples

Growing Use of Immunoassays in Environmental Testing

Rise in List of Products Identified as Toxic Drives Demand for Novel Tests

Poor Indoor Air Quality ups the Demand for Testing Services

Testing Soil Quality Gains Significant Importance

Impact of Covid-19 and a Looming Global Recession

Global Competitor Market Shares

Environmental Testing Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

AB Sciex LLC (USA)

Alex Stewart International (UK)

ALS Limited (USA)

BioControl Systems, Inc. (USA)

Bureau Veritas S.A. (France)

Eurofins Scientific S.E. (Luxembourg)

Intertek Group plc. (UK)

Mérieux NutriSciences (USA)

Microbac Laboratories, Inc. (USA)

SGS SA (Switzerland)

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Environmental Testing Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Environmental Testing Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 47

Note: Product cover images may vary from those shown
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