Global Environmental Testing Market (2021-2026) by Sample, Technology, Contaminant, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Environmental Testing Market is estimated to be USD 10.25 Bn in 2021 and is expected to reach USD 15.27 Bn by 2026, growing at a CAGR of 8.3%.

Market Dynamics

The factors such as the rising number of environmental regulations, coupled with increasing government participation and the growing awareness regarding environmental conditions among individuals, private institutions, and industries to reduce pollution are major factors that are driving the global environmental testing market. In addition, the availability of cost-effective testing equipment that can provide precise data in lesser time is expected to create great opportunities in the global connected market in the coming future.
However, the high testing cost involved, which leads to the need for higher capital investments, acts as a hindering factor for market growth, And the lack of basic infrastructure for setting up testing laboratories is anticipated to create hindrance for the market.

Market Segmentation

The Global Environmental Testing Market is segmented further based on Sample, Technology, Contaminant, End User, and Geography.

By Sample, the market is classified into Wastewater/Effluent, Soil, Water, and Air. Amongst All, Wastewater/Effluent segment is estimated to hold the highest market share during the forecast period.

By Technology, the market is classified into Conventional and Rapid. Amongst the two, the Rapid segment is estimated to hold the highest market share during the forecast period.

By Contaminant, the market is classified into microbial contamination, organic compounds, heavy metals, residues, and solids. Amongst all, the microbial contamination segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as Agriculture & Irrigation Sector, Government Institutes And R&D Laboratories, Industrial Product Manufacturers, and Forestry & Geology. Amongst all, Industrial Product Manufacturers segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Suburban Laboratories Acquires Cardinal Environmental to expanded geographic convenience. - 1st February 2021
2. Morgan Stanley Capital Partners has acquired Alliance Technical Group, an environmental testing and compliance specialist, from Align Capital Partners. - 20th July 2021

Company Profiles

Some of the companies covered in this report are AB Sciex LLC, Agilent Technologies Inc, Alex Stewart, Alpha analytical, ALS Limited, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Environmental Testing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market