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Environmental Test Chambers - Global Strategic Business Report

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    Report

  • 387 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302687

Global Environmental Test Chambers Market to Reach $1 Billion by 2030

The global market for Environmental Test Chambers estimated at US$775 Million in the year 2022, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Temperature & Humidity, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach US$419.9 Million by the end of the analysis period. Growth in the Customized segment is estimated at 3.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $181.8 Million, While China is Forecast to Grow at 4.4% CAGR

The Environmental Test Chambers market in the U.S. is estimated at US$181.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$238.2 Million by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Select Competitors (Total 76 Featured)

  • Binder GmbH
  • EMCOR Group, Inc.
  • Angelantoni Life Science Srl
  • Associated Environmental Systems
  • ACMAS Technologies Pvt., Ltd.
  • Bionics Scientific Technologies Pvt., Ltd.
  • Cincinnati Sub-Zero Products, LLC
  • Gibitre Instruments Srl
  • ESPEC Corporation
  • Atlas Material Testing Technology GmbH
  • Haida International Equipment Co., Ltd.
  • Envisys Technologies Pvt Ltd
  • DGBELL
  • CTS Clima Temperatur Systeme GmbH
  • F.lli Della Marca s.r.l.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Environmental Test Chambers Market

What is the estimated value of the Environmental Test Chambers Market?

The Environmental Test Chambers Market was estimated to be valued at $775 Million in 2022.

What is the growth rate of the Environmental Test Chambers Market?

The growth rate of the Environmental Test Chambers Market is 3.2%, with an estimated value of $1000 Million by 2030.

What is the forecasted size of the Environmental Test Chambers Market?

The Environmental Test Chambers Market is estimated to be worth $1000 Million by 2030.

Who are the key companies in the Environmental Test Chambers Market?

Key companies in the Environmental Test Chambers Market include Binder GmbH, EMCOR Group, Inc., Angelantoni Life Science Srl, Associated Environmental Systems, ACMAS Technologies Pvt., Ltd., Bionics Scientific Technologies Pvt., Ltd., Cincinnati Sub, Zero Products, LLC, Gibitre Instruments Srl and ESPEC Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 Country 2020 2021 2022
  • Environmental Test Chamber Businesses Resume Activity Following COVID-19-Induced Downswing
  • Environmental Test Chambers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Environmental Test Chambers : A Prelude
  • Working Principle
  • Major Use Cases of Environmental Test Chambers
  • Types of Environmental Test Chambers
  • Applications of Environmental Testing Chambers
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Stability Testing Remains Indispensable Aspect of Pharmaceutical Industry
  • Strong Rise in Pharmaceutical Sales to Drive Focus on Stability Testing
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2022 & 2025
  • Rise in Number of Regulations Across Industries for Safety and Reliability of Products Augurs Well for Market Growth
  • Environmental Test Chambers Continue Gaining Prominence in Battery Testing Domain
  • Rising Significance of Battery Testing
  • Battery Powered Consumer Electronics to Spur Demand for Battery Test Chambers: Global Market for Consumer Electronics (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2018, 2022 and 2025
  • Growing Number of Electronic Components in High-End Industries Likely to Drive Demand for Customized Chamber
  • Aersopace and Defense: A Major End-Use Market for Environmental Test Chambers
  • Staged Recovery in Aviation Sector to Drive Resurgence in Demand
  • Global Airlines Performance by Region: 2020 Vs 2019
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • New Satellite Launches and Rising Space Activities Flare Up Demand
  • Number of Satellites in Orbit as of January 2021
  • Number of Satellite Launches 2001-2019
  • Environmental Testing Chambers: An Important Facet of Automotive Industry
  • Basic Variables in Automotive Climate Testing
  • Revival in Automotive Industry to Drive Gains
  • World Automobile Production in Million Units: 2008-2022
  • Rise in Demand for Electric Vehicles (EVs) and Hybrid Vehicles to Drive Momen
  • Global EV Sales for the Years 2020 and 2025
  • Autonomous Vehicles to Widen the Addressable Market
  • Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Demand for Testing Solar Modules Increases as Solar Power Becomes Indispensable to Global Energy Mix
  • Strong Demand for Solar Power Provides a Fertile Environment for the Growth of Environmental Test Chambers: Global Demand for Solar Photovoltaic Power (In Gigawatts) for Years 2020, 2022, 2024 & 2026
  • Sustained Opportunities in Electronics Industry Boost Market Prospects
  • Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Telecommunications Testing: A High Growth Market
  • IoT/5G to Instigate New Wave of Growth
  • Number of 5G Connections Worldwide (in Million): 2020-2025
  • Breakdown of Network Latency (In Milliseconds) by Network Type
  • Safety Testing of Medical Devices Spur Growth Opportunities
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Assessing Durability & Resilience of Product Packaging with Environmental Testing
  • Textile Applications: An Expanding Market
  • Demand for Environmental Test Chambers in Oil and Gas industry
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Temperature & Humidity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Temperature & Humidity by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Temperature & Humidity by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Customized by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Customized by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Customized by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Thermal Shock by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Thermal Shock by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Thermal Shock by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Other Chamber Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Other Chamber Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Other Chamber Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Telecom & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Telecom & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Telecom & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Medical & Pharma by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Medical & Pharma by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Medical & Pharma by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 28: World Environmental Test Chambers Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Environmental Test Chambers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Environmental Test Chambers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 31: World 16-Year Perspective for Environmental Test Chambers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • MIDDLE EAST
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Environmental Test Chambers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Binder GmbH
  • EMCOR Group, Inc.
  • Angelantoni Life Science Srl
  • Associated Environmental Systems
  • ACMAS Technologies Pvt., Ltd.
  • Bionics Scientific Technologies Pvt., Ltd.
  • Cincinnati Sub-Zero Products, LLC
  • Gibitre Instruments Srl
  • ESPEC Corporation
  • Atlas Material Testing Technology GmbH
  • Haida International Equipment Co., Ltd.
  • Envisys Technologies Pvt Ltd
  • DGBELL
  • CTS Clima Temperatur Systeme GmbH
  • F.lli Della Marca s.r.l.