PUBLISHER: Meticulous Research | PRODUCT CODE: 1576477
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576477
Environmental Testing Market by Products (Mass Spectrometers, pH meters), Sample, Contamination, End User (Agriculture and Irrigation, Government and R&D Laboratories, Industrial Product Manufacturers), and Geography-Global Forecast to 2031
The research report titled 'Environmental Testing Market by Products (Mass Spectrometers, pH meters), Sample, Contamination, End User (Agriculture and Irrigation, Government and R&D Laboratories, Industrial Product Manufacturers), and Geography-Global Forecast to 2031' provides an in-depth analysis of the environmental testing market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The environmental testing market is projected to reach $17.1 billion by 2031, at a CAGR of 8.6% during the forecast period 2024-2031.
The growth of the environmental testing market is primarily driven by increasing government regulations related to environmental protection, rising awareness about environmental pollution, and the growing need for cost-saving and time-effective customized environmental testing services. However, the high operational costs associated with environmental testing restrain the growth of this market.
Moreover, the rising adoption of environmental testing solutions in government and R&D laboratories is expected to generate growth opportunities for the players operating in this market. However, a significant challenge impacting the growth of the environmental testing market is the lack of knowledge regarding environmental testing solutions.
The environmental testing market is segmented by product (mass spectrometers, chromatography, molecular spectroscopy, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products), sample (wastewater/effluent, soil, water, air, and other samples), contamination (microbial contamination, organic compounds, heavy metals, residues, and solids), and end user (government and R&D laboratories, industrial product manufacturers, agriculture and irrigation, and other end users). The study also evaluates industry competitors and analyzes the market at the regional & country levels.
Based on product, the environmental testing market is segmented into mass spectrometers, chromatography, molecular spectroscopy, total organic carbon analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products. In 2024, the mass spectrometers segment is expected to account for the largest share of over 26.0% of the environmental testing market. The segment's large share is attributed to the rising need to monitor and detect trace levels of pollutants, increasing applications of mass spectrometry in environmental testing such as drinking water testing, and increasing demand for accurate, sensitive, and versatile analytical tools that effectively tackle complex and evolving environmental challenges. Moreover, this segment is expected to register the highest CAGR during the forecast period.
Based on sample, the environmental testing market is segmented into wastewater/effluent, soil, water, air, and other samples. In 2024, the wastewater/effluent segment is expected to account for the largest share of over 34.0% of the environmental testing market. The segment's large share is attributed to the growing environmental awareness, increased industrial activities, regulations on wastewater disposal, and growing environmental concerns related to waste disposal & treatment. Moreover, this segment is expected to register the highest CAGR during the forecast period.
Based on contamination, the environmental testing market is segmented into microbial contamination, organic compounds, heavy metals, residues, and solids. In 2024, the organic compounds segment is expected to account for the largest share of over 32.0% of the environmental testing market. The large market share of this segment is attributed to the high levels of emissions from various sources, increasing use of hydrocarbon-based products, increasing awareness of environmental pollution, and the rising need to measure and monitor the presence of volatile organic compounds (VOCs) in various samples. Moreover, this segment is expected to register the highest CAGR during the forecast period.
Based on end user, the environmental testing market is segmented into government and R&D laboratories, industrial product manufacturers, agriculture & irrigation, and other end users. In 2024, the government and R&D laboratories segment is expected to account for the largest share of 38.0% of the environmental testing market. However, the agriculture and irrigation segment is expected to record the highest CAGR during the forecast period 2024-2031. The increasing demand for soil quality testing, the rising need for pesticide and chemical residue analysis, the growing importance of irrigation water quality management, and the focus on maximizing crop yield and quality on farms are expected to support the growth of this segment.
Based on geography, the environmental testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of over 37.0% of the environmental testing market. North America's major market share is attributed to the presence of well-established environmental testing product providers, growing acceptance of environmental testing products, and the high presence of the industrial environment.
However, Asia-Pacific is expected to witness the highest CAGR of 11.5% during the forecast period 2024-2031. The high market growth in Asia-Pacific is attributed to the growing awareness about environmental issues, growing adoption of advanced environment testing technologies, and stringent government mandates for environmental protection. Additionally, the rising adoption of environmental testing products in the agriculture & irrigation sector and increased investment by market players in developing environmental testing products are further fueling the growth of this regional market.
The key players operating in the environmental testing market are Eurofins Scientific (Luxembourg), Intertek Group plc (U.K.), TUV SUD AG (Germany), Microbac Laboratories, Inc. (U.S.), Symbio Laboratories (Australia), Agilent Technologies, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas (France), EMSL Analytical, Inc. (U.S.), Merieux NutriSciences Corporation (France), Envirolab Services Pty Ltd (Australia), R J Hill Laboratories Limited (New Zealand), AB SCIEX LLC (U.S.), ALS Limited (Australia), and FBA Laboratories Limited (Ireland).
Environmental Testing Market Assessment-by Product
Environmental Testing Market Assessment-by Sample
Environmental Testing Market Assessment-by Contamination
Environmental Testing Market Assessment-by End User
Environmental Testing Market Assessment-by Geography
(Note: SWOT analysis will be provided for the top 5 companies.)