The growing pollution around the world is driving the market demand of environmental testing. The harm caused by pollution to human lives can be quantified using environmental testing technology. The technological advancements in the market are expected to augment future market demand.
The global Environmental Testing market was valued at USD 8.40 billion in 2016 and is projected to reach USD 15.44 billion by 2025, growing at a CAGR of 7.0% from 2017 to 2025.
1. Market Drivers
1.1 Stricter regulations regarding environmental protection
1.2 Privatization of environment testing services
2. Market Restraints
2.1 High capital investment for accurate and sensitive analytical testing
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The global Environmental Testing market is segmented on the sample, technology, contaminant, and region.
1. By Sample:
2. By Technology:
2.2 Rapid Method
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3. By Contaminant:
3.2 Heavy Metals
3.3 Organic Compounds
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
The major players in the market are as follows:
2. Alex Stewart
5. Symbio Laboratories
6. R J Hill Laboratories
7. Bureau Veritas
8. Microbac Laboratories
12. TUV SUD
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Environmental Testing market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports