Global Market Insights, Inc. has released a new research study on environmental testing equipment market Analysis 2018-2023 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.
Environmental Testing Equipment Market is characterized by application into soil testing, water testing and air testing. The water testing accounts for majority share in the market. The rise in water pollution creates a need of water waste management to control the waste from industries are the primary factor supporting the market growth. Whereas, the air testing is anticipated to grow significantly during the forecast period. The increase in air pollution level is accelerating the demand of the environmental testing equipment for the measuring the air pollution level.
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Moreover, the increasing focus on the waste water treatment is also propelling the environmental testing equipment market growth. The scarcity of the water resources and the rapidly vanishing sources of fresh water sources is forcing governments to manage the water waste more effectively. This is accelerating the demand for the environment testing equipment. In addition, the privatization of the environment testing activities and the growing demand for the third-party testing service providers is driving the market growth.
Environmental Testing Equipment Market in North America holds the largest market share due to the strict government regulations to release pollutant at a safe level, and high awareness towards environment health. There are several laws imposed by the government to control the pollution measure. For instance, The Federal Clean Air Act of 1995 imposed for national air quality requirement and environment protection agency. The Clean Water Act imposed to regulate discharges of pollution in water, The Toxic Substance Control Act and other acts and laws. The government is taking initiatives to create awareness regarding fresh water, waste disposal, pollution caused by vehicles, and health awareness to minimize the pollution.
The Asia Pacific’s environmental testing equipment market is expected to grow significantly during the forecast period due to the supportive government regulations for the pollution control. For instance, the Chinese government is financing the R&D activities on technologies for reducing the burden on pollution control, protecting fresh water, and developing early warning and environment monitoring system.
Environmental Testing Equipment Market will register substantial growth from 2019 to 2025 led by supportive government initiatives and policies across the globe. As the industrialization is increasing and pollution level is rising continuously, to address these challenges, government across the countries are formulating several environmental policies and initiatives to reduce the pollution level. They are adopting advance environment testing technologies to manage the industrial waste and carbon di oxide emission.
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