Environmental testing Market to Reach Valuation of 12555.50 USD Million by 2028; Stringent Regulation by Government Bodies on Product Quality & Safety is Expected to Generate Revenue from the Environmental testing Market

Vantage Market Research

Mar 16, 2022

In terms of revenue, the Global Environmental testing Market is expected to reach 12555.50 USD Million by 2028, growing at a CAGR of 7.10% from 2022 to 2028.

Environmental testing is a technique for evaluation and diagnostic analysis for faults in products. Projects applying this tool are gaining more accuracy in the manufacturing process as it detects faults in intricate structures and surfaces, thus reducing time and the possibility of failure.

Implementation of stringent government regulations of product quality and safety has increased the market for non-destructive testing services across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for environmental testing machines. These services are also helping to enhance the lifespan of old infrastructures for residential and non-residential facilities

Key Findings:

  • The technology segment is anticipated to dominate the segment for Environmental testing Market and grow at a substantial CAGR. With increasing in-house testing of resources, the market for rapid technology is expected to grow.
  • By sample, the segment is accounted for the largest market share in 2021. The rising population and demand for hygienic water for agriculture and drinking purpose is the key factor for the segment to grow.
  • North America is the largest regional segment. This surge is attributed to the rising demand for environmental testing in developed economies such as the U.S. and Canada. This region dominated owing to its stringent government regulatory norms on environmental testing standards.

Some of key players in Environmental testing Market include, SGS SA (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), ALS (Australia), TÜV SÜD (Germany), Asure Quality (New Zealand), Merieux (US), Microbac (US),  R J Hill Laboratories (New Zealand) ,Symbio (Australia), Alex Stewart (UK), EMSL Analytical Services (US), Hydrologic Associates (US), Environmental Testing, Inc. (US), Alpha analytical (US ),  Advanced Environmental Testing (US ), American Environmental Testing Lab (US), Pace Analytical (US) ,  and AnaLabs (US).

Implementation of stringent government regulations of product quality and safety has increased the Environmental testing Market across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for environmental testing services by giving accurate results on failure analysis and giving precise results. Environmental testing services are also helping to enhance the lifespan of old infrastructures for residential and non-residential facilities.

Increase in automation in the industrial manufacturing sector there has been a substantial hike in the demand for failure detection analysis equipment, thus promoting Environmental testing Market. The complex nature of the environmental testing services and lack of availability of experts along with strict enforcement of legislation will prompt the firms to outsource testing functions to third-party vendors.

North America is expected to dominate the global Environmental testing Market in 2021 and is likely to continue the same trend during the forecast period. Region-wise, the Environmental testing Market can be divided into five main regions such as Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. The Environmental testing industry in the Asia Pacific is slated to expand at a commendable rate, subject to widespread industrialization witnessed in myriad countries resulting in giant players establishing their bases in these economies to explore the untapped market potential. Apart from this, massive allocation of funds for the defense activities by the governments of India, China, and Japan are anticipated to boost the application of environmental testing in the APAC zone. Apparently, the large-scale sustainable energy trends witnessed in the region along with outdated infrastructure will create new vistas of growth for the industry over the coming years.