Global Environmental Testing Market Overview:
The environmental tests aim to determine the number of pollutants in nature and identify their impact on all life forms. Currently, releases of large quantities of artificial and natural waste have a negative impact on the environment, leading to global warming. Maintaining the correct amounts of all the components of the environment is essential for a sustainable future. Increased awareness of environmental degradation, the multiplication of sustainable development initiatives and favorable government policies are driving the market for environmental testing. However, the requirement of a high capital investment must limit the growth of the market. The increase in industrial activities in emerging markets has great potential for expansion.
The global market of the environmental testing is experiencing a strong increase in its evaluation, thanks to the growing number of standards and regulations related to environmental protection and the active participation of several governments and authorities in the monitoring of environmental conditions. In the future, the growing problems of health problems caused by organic pollution should stimulate this market considerably in the coming years. It is also expected that other types of pollution, such as microbiology, waste, heavy metals and solids, will drive the demand for environmental testing solutions around the world in the coming years.
Global Environmental Testing Market Size:
According to Research Cosmos, The Environmental Testing Market is estimated to be valued at USD 9.03 Billion in 2017 and is projected to reach USD 12.75 Billion by 2022, at a CAGR of 7.1% from 2017.
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In terms of geography, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The Asia-Pacific environmental testing market is expected to grow significantly during the forecast period due to the region’s huge growth potential. The construction of infrastructure, various projects related to energy and a growing awareness of environmental issues are the factors that should drive the market during the forecast period. The development of new environmental policies and the transformation of existing environmental policies by governments also boost the region’s market. The Indian market is expected to grow at a higher growth rate, due to government initiatives and the demand for the development of waste treatment infrastructure. This is a key factor for the environmental testing market in the country. It is likely that Latin America will follow the Asia Pacific during the forecast period. North America, which includes the United States and Canada, dominated the global market for environmental testing in 2015. The trend is expected to continue during the forecast period. The leading organizations in the region have implemented various environmental protection policies. It is likely that Europe will follow North America during the forecast period.
AB Sciex, Eurofins Scientific, Bureau Veritas, SGS S.A., Agilent Technologies Inc., ALS Limited, Intertek Group PLC, Romer Labs, AssureQuality, and R.J Hill Laboratories Ltd. are the major players of the market.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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