How is the Market Size and Growth Rate Projected for the Global Environmental Testing Equipment Market?
The environmental testing equipment market size has experienced significant growth in recent years. It is expected to grow from $1.23 billion in 2024 to $1.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. Factors such as regulatory compliance, industrialization and urbanization, pollution control, occupation safety, and environmental awareness have facilitated growth in the past.
The market size is further projected to expand to $1.87 billion by 2029, indicating a CAGR of 9.0%. Emerging contaminants, infrastructure development, land use, climate change monitoring, and public health preparedness, coupled with technological advances such as IoT integration and data analytics, are expected to spur this growth.
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What is Driving the Growth of the Environmental Testing Equipment Market?
The amplified environmental pollution levels due to rapid industrialization, urbanization, wildfires, and construction contribute massively to the growth of the environmental testing equipment market. Governments globally are investing heavily in environmental testing equipment, underlined by a statistic from Eurostat, which shows that the total general government expenditure on environmental protection was around $125.84 billion, constituting 0.8% of the EU’s Gross Domestic Product (GDP). This investment will be instrumental in bolstering the demand for environmental testing equipment during the forecast period.
What are the Key Segments in the Environmental Testing Equipment Market?
1) By Product: Chromatography Products, Mass Spectrometers, Molecular Spectroscopy Instruments, Total Organic Carbon (TOC) Analyzers, Dissolved Oxygen Analyzers, Conductivity Sensors, Turbidity Meters, pH Meters
2) By Application: Water Testing, Air Testing, Soil Testing
3) By End-Use Industry: Government Agencies and Municipal Authorities, Environmental Testing Laboratories, Industrial Facilities, Commercial & Residential Facilities
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Who Are the Major Players in the Environmental Testing Equipment Market?
Key companies operating in the environmental testing equipment market encompass Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Merck KGaA, Danaher Corporation, JEOL Ltd., Endress+Hauser Group Services AG, JASCO Corporation, and Teledyne Technologies Incorporated, among others.
What are the Recent Trends in the Environmental Testing Equipment Market?
Technological advancement is a formidable trend in the environmental testing equipment market. Companies are vying to offer cutting-edge solutions to augment their market position. For example, Thermo Fisher Scientific launched two novel wet chemistry analyzers named Aqua Master and The Gallery Aqua Master, designed for soil analysis, drinking water analysis, and wastewater inspection.
Which Region is Expected to Register the Highest Growth in the Environmental Testing Equipment Market?
North America has been the largest market for environmental testing equipment in 2024, with Asia-Pacific expected to be the fastest-growing region during the forecast period. Other regions featured in the environmental testing equipment market report involve Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Environmental Testing Equipment Market Report 2025 Offer?
The Environmental Testing Equipment refers to various products and equipment used to evaluate the reliability of numerous products and components under continuous exposure to varied environmental conditions. The equipment helps detect and identify contaminants that may affect the quality of air, water, and soil. The Environmental Testing Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Order the exclusive report now to unlock valuable market insights: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6779.
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