Global Environmental Testing Equipment Market (2021-2026) by Product, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Environmental Testing Equipment Market is estimated to be USD 2.56 Bn in 2021 and is expected to reach USD 3.78 Bn by 2026, growing at a CAGR of 8.12%.

Market Dynamics

The factors such as stringent government regulations and policies over pollution maintenance, the tax benefits, and subsidiaries provided by the government to the manufacturers and industries to reduce the emission of hazardous chemicals and gases in the environment are driving the market demand for environmental testing equipment. Additionally, the increased setting up of wastewater treatment plants in various countries associated with growing demand for sophisticated equipment or services for measuring the water quality is expected further to propel the market growth for environmental testing equipment.

Growing government regulations for industrial manufacturers to undertake testing, certification and inspection of environmental samplings are anticipated to create lucrative opportunities for the market in the coming years.

However, the high capital investment required for procurement of the equipment and the requirement of a skilled person for handling the testing equipment is the main factor that is expected to restrain and create a challenge for the growth of the global environmental testing market.

Market Segmentation

The Global Environmental Testing Equipment Market is segmented further based on Product, Application, and Geography.

By Product, the market is classified into Chromatography Products, Mass Spectrometers, Molecular Spectroscopy, ph Meters, Total Organic Carbon (TOC) Analyzers, Dissolved Oxygen Analyzers, Conductivity Sensors, Turbidity Meters, and Others. Amongst all, the Chromatography Products segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as Water Testing, Soil Testing, and Air Testing. Amongst all, Water Testing 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. EnviroSure, Inc. Acquires Environmental Testing, Inc. to expand its business securely into the Delaware and Maryland markets - 16th April 2020

Company Profiles

Some of the companies covered in this report are Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, Shimadzu Corporation, Bruker, 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 Equipment 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