Global Environmental Testing Strategic Analysis Report 2023: Market to Reach $15.7 Billion by 2030 - Rising Emphasis on IAQ in Commercial Environments Underpins Revenue Growth


Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Environmental Testing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Environmental Testing Market to Reach $15.7 Billion by 2030

The global market for Environmental Testing estimated at US$8.7 Billion in the year 2022, is projected to reach a revised size of US$15.7 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030.

Wastewater/Effluent, one of the segments analyzed in the report, is projected to record a 8.6% CAGR and reach US$8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Soil segment is readjusted to a revised 7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 10.7% CAGR

The Environmental Testing market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$814.7 Million by the year 2030.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages581
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$8.7 Billion
Forecasted Market Value (USD) by 2030$15.7 Billion
Compound Annual Growth Rate7.7%
Regions CoveredGlobal

MARKET OVERVIEW

  • Impact on Environmental Testing Market
  • Services to Detect COVID-19 Virus on Environmental Surfaces Impel Testing Market
  • COVID-19 Impact: Wastewater Surveillance Emerge as Lucrative Area for Environmental Testing Providers
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Environmental Testing: A Prelude
  • Environmental Testing by Sample Type
  • Types of Environmental Testing Methods
  • Growing Demand for Clean Environment Ups the Need for Environmental Testing
  • Accelerating Significance of Environmental Safety in Developing Nations Boosts Growth
  • Regulations Buoy Demand
  • Challenges Faced
  • Inadequate Infrastructure Remains Key Challenge
  • Competitive Scenario
  • Recent Market Activity

MARKET TRENDS & DRIVERS

  • Rapid Testing Technologies Gain Momentum
  • Deteriorating Quality of Water Throws Emphasis on Water Testing Services
  • Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
  • Water Analysis Instruments Become Smaller, Cheaper and Faster
  • Adoption of Environmental Sensors on Rise
  • Poor Water Quality Increases Demand for Dissolved Gases Sensors
  • Rise in Use of Gas Sensors for Environmental Monitoring
  • Dissolved Oxygen Analysis and Growing Significance
  • Growing Prevalence of Infectious Diseases Pushes Demand for Testing Procedures
  • Testing Soil Quality Gains Significant Importance
  • Influx of Innovative Technologies to Aid Soil Analysis for Higher Productivity
  • Next-Generation Field Instruments Set New Standards in Environmental Testing
  • Growing Concerns over Rising Emissions, and Climate Change Trigger Demand for Air Quality Testing Services
  • Rising Emphasis on IAQ in Commercial Environments Underpins Revenue Growth
  • Common Air Pollutants
  • Major Indoor Pollutants and their Impact on Health: A Snapshot

FOCUS ON SELECT PLAYERS (Total 60 Featured)

  • AB Sciex LLC
  • Alex Stewart International
  • ALS Limited
  • Bureau Veritas S.A.
  • Eurofins Scientific S.E.
  • Intertek Group plc.
  • Merieux NutriSciences
  • Microbac Laboratories, Inc.
  • SGS SA

For more information about this report visit https://www.researchandmarkets.com/r/rujqcn

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Global Market for Environmental Testing

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