Environmental Test Chambers Global Business Report 2024 - Strong Demand for Solar Power Provides a Fertile Environment for the Growth of Environmental Test Chambers

Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Environmental Test Chambers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Environmental Test Chambers estimated at US$793.9 Million in the year 2023, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030.

Temperature & Humidity Test Chambers, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$419.9 Million by the end of the analysis period. Growth in the Customized Test Chambers segment is estimated at 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $185.7 Million, While China is Forecast to Grow at 3.9% CAGR

The Environmental Test Chambers market in the U.S. is estimated at US$185.7 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$238.2 Million by the year 2030 trailing a CAGR of 3.9% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Key Market Trends & Drivers

  • Stability Testing Remains Indispensable Aspect of Pharmaceutical Industry
  • Strong Rise in Pharmaceutical Sales to Drive Focus on Stability Testing
  • Rise in Number of Regulations Across Industries for Safety and Reliability of Products Augurs Well for Market Growth
  • Environmental Test Chambers Continue Gaining Prominence in Battery Testing Domain
  • Rising Significance of Battery Testing
  • Battery Powered Consumer Electronics to Spur Demand for Battery Test Chambers
  • Growing Number of Electronic Components in High-End Industries Likely to Drive Demand for Customized Chamber
  • Aerospace and Defense: A Major End-Use Market for Environmental Test Chambers
  • New Satellite Launches and Rising Space Activities Flare Up Demand
  • Environmental Testing Chambers: An Important Facet of Automotive Industry
  • Basic Variables in Automotive Climate Testing
  • Revival in Automotive Industry to Drive Gains
  • Rise in Demand for Electric Vehicles (EVs) and Hybrid Vehicles to Drive Momentum
  • Autonomous Vehicles to Widen the Addressable Market
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Demand for Testing Solar Modules Increases as Solar Power Becomes Indispensable to Global Energy Mix
  • Strong Demand for Solar Power Provides a Fertile Environment for the Growth of Environmental Test Chambers
  • Sustained Opportunities in Electronics Industry Boost Market Prospects
  • Telecommunications Testing: A High Growth Market
  • IoT/5G to Instigate New Wave of Growth
  • Breakdown of Network Latency (In Milliseconds) by Network Type
  • Safety Testing of Medical Devices Spur Growth Opportunities
  • Assessing Durability & Resilience of Product Packaging with Environmental Testing
  • Textile Applications: An Expanding Market
  • Demand for Environmental Test Chambers in Oil and Gas industry

Company Coverage:

  • Binder
  • EMCOR Group, Inc.
  • Angelantoni Life Science
  • Associated Environmental Systems
  • ACMAS Technologies Pvt., Ltd.
  • Bionics Scientific Technologies Pvt., Ltd.
  • Cincinnati Sub-Zero Products, LLC
  • Gibitre Instruments
  • ESPEC Corporation
  • Atlas Material Testing Technology
  • Haida International Equipment Co.
  • Envisys Technologies
  • CTS Clima Temperatur Systeme
  • F.lli Della Marca

Key Attributes:

Report AttributeDetails
No. of Pages387
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$793.9 Million
Forecasted Market Value (USD) by 2030$1000 Million
Compound Annual Growth Rate3.4%
Regions CoveredGlobal

For more information about this report visit https://www.researchandmarkets.com/r/mrmu2y

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Environmental Test Chambers Market

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