Environmental Testing Equipment Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Environmental Testing Equipment Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Environmental Testing Equipment Market Size

The Environmental Testing Equipment Market size will experience a dynamic growth between 2024 and 2032, driven by the increasing global warming levels leading to the growing awareness to reduce carbon footprints. Also, the rapid dissipation of freshwater sources is pushing the demand for wastewater management.

Since the mid-20th century, annual emissions from fossil fuel combustion have risen steadily. Starting from nearly 11 billion tons of carbon dioxide per year in the 1960s, they surged to an estimated 36.6 billion tons in 2022, as per the Global Carbon Budget 2022. With environmental degradation becoming a pressing concern, there is a heightened demand for efficient monitoring solutions to assess the quality of air, water, and soil. For instance, in January 2023, the U.S. Department of Energy announced an investment of more than USD 130 million to phase out the country’s carbon emissions. This imperative need to combat pollution has led to a significant increase in the adoption of environmental testing equipment across various sectors.

Rising public awareness about environmental issues, coupled with increasing environmental assessment requirements for project approvals, is driving the adoption of environmental testing equipment.

Environmental Testing Equipment Market Trends

One significant trend is the increasing demand for portable and versatile testing equipment capable of detecting a wide range of pollutants and contaminants in air, water, and soil. The need for rapid & accurate on-site testing in various industries such as environmental monitoring, construction, and agriculture is encouraging manufacturers to develop portable devices.

Additionally, there is a growing focus on developing automated and remote monitoring solutions enabled by Internet of Things (IoT) technology, allowing for continuous real-time monitoring of environmental parameters. Furthermore, the industry is witnessing the integration of advanced analytical techniques such as chromatography, spectroscopy, and mass spectrometry into environmental testing equipment, enabling more precise and comprehensive analysis of pollutants.

Environmental Testing Equipment Market Analysis

The air quality monitoring systems segment is poised to witness significant traction through 2032, owing to the deteriorating air quality in urban areas due to industrial emissions, vehicular pollution, and other anthropogenic activities. This has led to governments demanding sophisticated air quality monitoring systems equipped with advanced sensors and analytics capabilities to accurately measure pollutants such as particulate matter (PM2.5 and PM10) and nitrogen oxides (NOx).

The industrial end-use segment is expected to grow steadily till 2032. Industries such as manufacturing, oil & gas, chemicals, and pharmaceuticals are under regulatory pressure to comply with environmental standards and minimize their ecological footprint. Environmental testing equipment enables these industries to monitor emissions, effluents, and waste disposal processes to ensure compliance with environmental regulations and mitigate the risk of fines or sanctions.

Asia Pacific environmental testing equipment market is set to gain traction through 2032, propelled by rapid industrialization, urbanization, and increasing awareness about environmental issues. Countries such as China, India, and Japan are witnessing significant investments in environmental infrastructure and regulations to combat pollution and enhance environmental sustainability. Moreover, the growing emphasis on clean energy initiatives and renewable resources is further augmenting the market demand.

Environmental Testing Equipment Market Share

Some of the leading companies involved in the environmental testing equipment industry include

• Thermo Fisher Scientific
• Agilent Technologies
• Waters Corporation
• Bruker
• PerkinElmer
• Shimadzu Corporation
• SCIEX
• Analytik Jena
• Merck
• JEOL.

These firms are adopting strategies like partnerships, new product innovations, mergers, and acquisitions to strengthen their market position and gain substantial customer base.

Environmental Testing Equipment Industry News

• In October 2022, Agilent Technologies, a prominent environmental testing equipment supplier, announced the launch of an enhanced 8700 LDIR Chemical Imaging System, optimized further for microplastic detection in environmental samples. The product offers ease of use in infrared spectroscopy by deploying high-speed analysis to increase testing volumes for insights of the extent of microplastic contamination in the environment.

What Information does this report contain?

Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.

Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-7 year performance forecasts major segments covering applications, top products and geographies.

Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.