Global Environmental Testing Market Projected to Gain Significant Value by 2024-2032

Environmental Testing Market Size And Forecast

Environmental Testing Market size was valued at USD 1.51 Billion in 2024 and is projected to reach USD 2.40 Billion by 2031, growing at a CAGR of 5.96% during the forecasted period 2024 to 2031.

The increasing government initiatives towards the protection of the environment and active participation to monitor the change in environmental conditions are expected to drive the Environmental Testing Market over the predicted years. The Global Environmental Testing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Environmental Testing Market Definition

Environmental Testing is the process of monitoring, and analyzing, the performance of environmental conditions and their effects on living organisms. The measurement of the series of parameters includes temperature sensitivity, humidity, solar radiations, vibrations, fungus, acoustic measurements, and many others. It allows the forecasting bodies to maintain the right quantities of the components in the environment.

It is used to reduce the incidences of water and airborne diseases and other related health issues. It widely finds its application in testing microbial contaminants, heavy metals, residues, solids, and organic compounds. Based on the technology, it is classified into Rapid and Conventional. Samples used for Environmental Testing include Air, Soil, Wastewater/Effluent, and Water. On the basis of contaminants, it is bifurcated into Solids, Residues, Organic Compounds, Microbial contaminants, and Others.

Global Environmental Testing Market Overview

The increasing government initiatives towards the protection of the environment and active participation to monitor the change in environmental conditions are expected to drive the Environmental Testing Market over the predicted years. In addition, the increasing incidence of organic contamination that causes health issues expects a boost to the market in the coming years.

Moreover, the rapid advancement in Environmental Testing technology and rising demand for testing & certification among industries are the factors predicted to impose a positive impact on market growth in the forecasted period. There are certain restraints and challenges faced which can hinder market growth. The huge capital investment for sensitive and accurate analytical testing is likely to act as a market restraint.

Global Environmental Testing Market: Segmentation Analysis

The Global Environmental Testing Market is segmented on the basis of Technology, Sample, Contaminant, And Geography.

Environmental Testing Market, By Technology

• Rapid
• Conventional

Based on Technology, the market is bifurcated into Rapid and Conventional. Rapid products are anticipated to command the biggest market share because of their portability, ease of use, and ability to deliver findings quickly.

Environmental Testing Market, By Sample

• Air
• Soil
• Wastewater/Effluent
• Water

Based on Sample, the market is bifurcated into Air, Soil, Wastewater/Effluent, and Water. Wastewater/Effluent is predicted to hold the most significant CAGR in the forecasted period due to the need for quality checks and testing of recycled sewage water to analyze whether it is fit for drinking and agricultural use.

Environmental Testing Market, By Contaminant

• Solids
• Residues
• Organic Compounds
• Microbial Contaminant
• Others

Based on Contaminant, the market is bifurcated into Solids, Residues, Organic Compounds, Microbial contaminants, and Others. A rise in the level of contaminants due to the change in environmental conditions is anticipated to fuel the market in the coming years.

Environmental Testing Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Regional Analysis, The Global Environmental Testing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by North America owing to the presence of various environmental governing organizations in this region.

Key Players

The “Global Environmental Testing Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Symbio Laboratories, Alex Stewart, Intertek Group plc, Eurofins Scientific, Merieux, R J Hill Laboratories, Bureau Veritas, Intertek, ALS, and Microbac Laboratories.

In addition, a component of our market analysis specifically devoted to these main players includes information about their financial statements, product benchmarking, and SWOT analyses. Key development strategies, market share analysis, and market positioning analysis of the aforementioned competitors internationally are also included in the competitive landscape section.

Key Developments

Partnerships, Collaborations, and Agreements

• In January 2019, Asure Quality and Bureau Veritas have revealed the creation of BVAQ, a ground-breaking alliance in South East Asia.

Mergers and Acquisition

• In July 2019, SGS acquired the assets and resources of Forensic Analytical Laboratories, Inc, based in California and Nevada, USA. This gives SGS a global leading position in industrial hygiene testing, which is an aspect of the company’s environment, wellbeing, and safety companies.
• In February 2019, C&W Specialist Equipment Ltd., a specialist in the design and deployment of corrosion and environmental test chambers, has been acquired by Industrial Physics, Inc., an inventor in test and evaluation appliances.

Product Launches and Product Expansions

• In April 2020, In order to offer assurance, assessment, and quality inspection to the livestock industry, Intertek opens a new facility in Ethiopia.
• In January 2020, Intertek has launched ground-breaking total sustainability assurance in India to sustain its clients’ end-to-end sustainability commitment. Intertek’s operational sustainability solutions address the fundamental operational areas of every business, such as the environment, products, procedures, facilities, investments, and processes.

Report Scope

Research Methodology of Market Research:

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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