DUBLIN--(BUSINESS WIRE)--The "Environmental Testing Equipment Market by Product (Mass Spectrometers (GC-MS, LC-MS), Molecular Spectroscopy Products, Chromatography, pH Meters, TOC Analyzers), Application (Water Testing, Air Testing, Soil Testing) - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The global environmental testing equipment market is projected to reach 2.9 billion by 2023 from USD 2.1 billion in 2018 at a CAGR of 7.1%.
Growth in the environmental testing equipment market can be attributed to factors such as the rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection, privatization of environmental testing services, and increasing focus on wastewater treatment.
However, high capital investments for accurate and sensitive analytical testing may restrain the market to a certain extent.
The mass spectrometers segment is expected to hold the largest market share during the forecast period
On the basis of product, the global environmental testing equipment market has been segmented into mass spectrometers (GC-MS, LC-MS, and ICP MS), chromatography products (GC, LC), molecular spectrometry products, pH meters, TOC analyzers, dissolved oxygen meters, conductivity sensors, turbidity meters, and other products.
The mass spectrometers segment is expected to hold the largest market share during the forecast period. MS is the most specific method for the study of small and volatile molecules, which is a major factor driving market growth. The various technological enhancements in GC-MS systems are also supporting the adoption of MS in environmental testing.
The air testing segment is expected to grow at the highest rate during the forecast period
On the basis of application, the environmental testing equipment market is segmented into water testing, air testing, and soil testing. The air testing segment is expected to grow at the highest rate during the forecast period.
The high growth of this segment can be attributed to factors such as increasing fatalities caused by severe air pollution levels and growing awareness regarding the hazardous effects of air pollution.
The Asia Pacific environmental testing equipment market is expected to grow at the highest rate during the forecast period
Geographically, the environmental testing equipment market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World.
The Asia Pacific market is expected to grow at the highest rate during the forecast period. The high growth in this region can be attributed to the rising outdoor air pollution levels, the availability of government funding, and growing investment of key players in emerging Asian countries.
- Rising Levels of Environmental Pollution Worldwide
- Increasing Government Regulations and Initiatives for Environment Protection
- Privatization of Environmental Testing Services
- Increasing Focus on Wastewater Treatment
- High Capital Investments for Accurate and Sensitive Analytical Testing
- Increasing Industrial Activities in Emerging Markets
- Introduction of Innovative Rapid Technologies
- Lack of Supporting Infrastructure and Skilled Professionals
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Research Methodology Steps
2.2 Market Size Estimation Methodology
2.3 Research Design
2.4 Market Data Estimation and Triangulation
2.5 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Environmental Testing Equipment Market Overview
4.2 Geographic Analysis: European Environmental Testing Equipment Market, By Application
4.3 Global Market, By Application, 2018 vs 2023
4.4 Global Market, By Product, 2018 vs 2023
4.5 Geographic Snapshot of the Global Market
5 Market Overview
5.2 Market Dynamics
6 Environmental Testing Equipment Market, By Product
6.2 Mass Spectrometers
6.3 Chromatography Products
6.4 Molecular Spectroscopy Products
6.5 Toc Analyzers
6.6 PH Meters
6.7 Dissolved Oxygen Analyzers
6.8 Conductivity Sensors
6.9 Turbidity Meters
6.10 Other Products
7 Environmental Testing Equipment Market, By Application
7.2 Water Testing
7.3 Air Testing
7.4 Soil Testing
8 Environmental Testing Equipment Market, By Region
8.2 North America
8.4 Asia Pacific
8.5 Rest of the World
9 Competitive Landscape
9.2 Competitive Leadership Mapping
9.3 Competitive Scenario
10 Company Profiles
10.1 Agilent Technologies
10.2 Thermo Fisher Scientific
10.3 Shimadzu Corporation
10.4 Waters Corporation
10.7 Merck KGaA
10.8 Sciex (A Subsidiary of Danaher)
10.10 Analytik Jena (A Subsidiary of Endress Hauser)
For more information about this report visit https://www.researchandmarkets.com/research/vkccpv/global_2_9?w=4