Major Growth Driving Factors:

The global increase in environmental pollution, the increased efforts of public and private organizations to promote environmental protection, the privatization of environmental testing and treatment services, and the expansion of funding for wastewater treatment projects and programs are the primary factors propelling the growth of the environmental testing market.

Following COVID-19, there will likely be a rise in industrial activity, and the use of mobile and portable systems will also likely increase, offering market participants a variety of options for expansion. On the other hand, factors that are anticipated to restrict market expansion in the upcoming years include high capital expenditures for sensitive and accurate analytical testing, insufficient supporting infrastructure, and a shortage of experienced specialists.

Projected Surge in Revenue Generation:

The market for environmental testing equipment is expected to grow at a compound annual growth rate (CAGR) of 7.6% from USD 1.1 billion in 2022 to USD 1.6 billion in 2027.

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Water quality testing to dominate the environmental testing equipment market, by application, during the forecast period

Based on application, the environmental testing equipment market is segmented into water quality testing, air quality testing, and soil quality testing. In 2021, the water quality testing application segment accounted for the largest share of the market. The large share of this segment can be attributed to the increasing industrial activities worldwide, which, in turn, has led to rising disposal levels of industrial wastewater and effluents into water bodies.

The government agencies and municipal authorities segment accounted for the largest market share in the global environmental testing equipment market in 2021

Based on end users, the environmental testing equipment market is segmented into government agencies and municipal authorities, environmental testing laboratories, industrial facilities, commercial and residential facilities, and other end users. The government agencies and municipal authorities segment accounted for the largest environmental testing equipment market share in 2021. The large share of this segment can be attributed to active government participation in environmental testing and pollution monitoring, especially in emerging countries with alarming pollution levels.

Conventional/benchtop platforms segment accounted for the largest market share in the global environmental testing equipment market in 2021

Based on platform, the environmental testing equipment market is segmented into conventional/benchtop platforms, portable/mobile platforms, and handheld platforms. The conventional/benchtop platforms segment accounted for the largest environmental testing equipment market share in 2021. The large share of this segment can be attributed to the increasing adoption of these platforms among environmental testing laboratories & government agencies owing to their accuracy

Geographical Growth Dynamics:

North America to dominate the environmental testing equipment market during the forecast period

North America accounted for the largest share of the global environmental testing equipment market in 2021. The large share of the market in North America is attributed to factors such as the growing funding for environmental testing in the US, widespread usage of environmental testing equipment in the pharmaceutical sector, growing food safety concerns in the US, and government initiatives to improve lab infrastructure and propel fundamental scientific research in Canada.

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Key Players:

The top players who dominated the environmental testing equipment market include Agilent Technologies Inc. (US), Thermo Fisher Scientific Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), Bruker Corporation (US), PerkinElmer Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), JEOL Ltd. (Japan), Endress+Hauser Group Services AG (Analytik Jena, Switzerland), JASCO Corporation (Japan), Teledyne Technologies Incorporated (US), AMETEK, Inc. (US), and INFICON (Switzerland), among others. The major players are focused on expanding their presence in emerging markets such as Latin America, the Middle East, and the Asia Pacific. In the Asia Pacific region, the market in China is expected to grow at the highest CAGR due to the growing focus on environmental pollution monitoring & control, especially air pollution, in the country.

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