Major Revenue Growth is Expected by 2023 in the Global Environmental Testing Equipment Market
The global environmental testing equipment market is expected to reach USD 2.9 billion by 2023 from USD 2.1 billion in 2018, at a CAGR of 7.1%.
(EMAILWIRE.COM, March 25, 2021 ) Major Growth Boosting Factors:
Growth in the environmental testing equipment market is mainly driven by factors such as the rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection, privatization of environmental testing services, and increasing focus on wastewater treatment.
Overview of This Study:
The study involved four major activities to estimate the current size for environmental testing equipments market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research.
Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments
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The mass spectrometers segment is expected to account for the largest share of the products & services market in 2018
On the basis of products, the environmental testing equipments market is segmented into mass spectrometers, chromatography products, molecular spectroscopy products, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products. The mass spectrometers segment held the largest share of the environmental testing equipment market in 2018 and this segment is also projected to register the highest growth during the forecast period. MS is the most specific method for the study of small and volatile molecules, which is a major factor driving market growth. Also, the various technological enhancements in GC-MS systems are supporting the adoption of MS in environmental testing.
Air testing applications are expected to grow at the highest CAGR in the global environmental testing equipment market during the forecast period
On the basis of application, the Environmental Testing Equipment Market is segmented into water testing, air testing, and soil testing. The water testing segment commanded the largest share of the market in 2018. However, the air testing market is projected to register the highest CAGR owing to the increasing fatalities caused by severe air pollution levels. Increasing fatalities caused by severe air pollution levels is a major factor driving growth in the application segment.
North America is expected to dominate the environmental testing equipment market during the forecast period
Geographically, North America is expected to dominate the global environmental testing equipments market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the rising outdoor air pollution levels, the availability of government funding, and stringent environmental monitoring regulations.
Key Players:
The major players in the environmental testing equipment market include Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), Shimadzu Corporation (Japan), Bruker (US), PerkinElmer (US), SCIEX (a subsidiary of Danaher) (US), JEOL (Japan), Analytik Jena (Germany), and Merck KGaA (Germany).
The analysis of market developments between 2016 and 2018 showed that market players adopted growth strategies such as product launches, strategic acquisitions, expansions, partnerships, agreements, and collaborations to strengthen their product portfolios and maintain a competitive position in the environmental testing equipments market.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Growth in the environmental testing equipment market is mainly driven by factors such as the rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection, privatization of environmental testing services, and increasing focus on wastewater treatment.
Overview of This Study:
The study involved four major activities to estimate the current size for environmental testing equipments market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research.
Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments
Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149706080
The mass spectrometers segment is expected to account for the largest share of the products & services market in 2018
On the basis of products, the environmental testing equipments market is segmented into mass spectrometers, chromatography products, molecular spectroscopy products, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products. The mass spectrometers segment held the largest share of the environmental testing equipment market in 2018 and this segment is also projected to register the highest growth during the forecast period. MS is the most specific method for the study of small and volatile molecules, which is a major factor driving market growth. Also, the various technological enhancements in GC-MS systems are supporting the adoption of MS in environmental testing.
Air testing applications are expected to grow at the highest CAGR in the global environmental testing equipment market during the forecast period
On the basis of application, the Environmental Testing Equipment Market is segmented into water testing, air testing, and soil testing. The water testing segment commanded the largest share of the market in 2018. However, the air testing market is projected to register the highest CAGR owing to the increasing fatalities caused by severe air pollution levels. Increasing fatalities caused by severe air pollution levels is a major factor driving growth in the application segment.
North America is expected to dominate the environmental testing equipment market during the forecast period
Geographically, North America is expected to dominate the global environmental testing equipments market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the rising outdoor air pollution levels, the availability of government funding, and stringent environmental monitoring regulations.
Key Players:
The major players in the environmental testing equipment market include Agilent Technologies (US), Thermo Fisher Scientific (US), Waters Corporation (US), Shimadzu Corporation (Japan), Bruker (US), PerkinElmer (US), SCIEX (a subsidiary of Danaher) (US), JEOL (Japan), Analytik Jena (Germany), and Merck KGaA (Germany).
The analysis of market developments between 2016 and 2018 showed that market players adopted growth strategies such as product launches, strategic acquisitions, expansions, partnerships, agreements, and collaborations to strengthen their product portfolios and maintain a competitive position in the environmental testing equipments market.
Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=149706080
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results