North America holds the largest environmental testing equipment 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.
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The increasing pollution levels and the global warming is also propelling the growth of the environmental testing equipment market. Over the past decade, the global temperature has raised significantly, and it is estimated that the temperature could rise from 1.4C to 5.8C over the 21st century. The increasing industrialization and urbanization along with the emission of Greenhouse Gases (GHG) in the atmosphere is responsible for the global warming. This is creating demand for the environment testing equipment among industries to keep check on the GFG emission.
The 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.
Moreover, the increasing focus on the wastewater treatment is also propelling the 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 environmental testing equipment market growth.
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However, the organizations are still reluctant to adopt environmental testing equipment due to the high cost associated with the accurate and sensitive analytical testing. Furthermore, the lack of supporting infrastructure and skilled professionals are restricting the adoption of the environmental testing equipment market
Key vendors operating in the environmental testing equipment market are the Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, Shimadzu Corporation, Bruker, PerkinElmer, SCIEX, JEOL, Analytik Jena, and Merck. The vendors are focusing on strategic merger & acquisition activities to gain market share and accelerate their sales.
Methodology used in Environmental Testing Equipment Market Report –
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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