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 Attribute | Details |
| No. of Pages | 581 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $8.7 Billion |
| Forecasted Market Value (USD) by 2030 | $15.7 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
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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