Environmental Testing Products Market worth $5.62 billion by 2030
The report "Environmental Testing Products Market by Product (Instrument, Consumable), Technology (HPLC/LC, GC, Mass Spectrometry, NMR, IR, PCR), Application (Water (PFAS), Air, Soil (Pesticide)), End User (Industrial, Govt., Residential) - Global Forecast to 2030", is projected to reach USD 5.62 billion by 2030 from USD 3.80 billion in 2024, growing at a CAGR of 7.1% during the forecast period. The market for Environmental testing products is expanding due to the government and private sector are putting more into environmental monitoring programs, pollution management, and public health. The expansion and establishment of biobanks and environmental research programs require reliable analytical methods for sample analysis.
Browse 318 market data Tables and 63 Figures spread through 352 Pages and in-depth TOC on "Environmental Testing Products Market by Product (Instrument, Consumable), Technology (HPLC/LC, GC, Mass Spectrometry, NMR, IR, PCR), Application (Water (PFAS), Air, Soil (Pesticide)), End User (Industrial, Govt., Residential) - Global Forecast to 2030"
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Instruments segment to register a significant growth rate over the forecast period of 2024-2030.
Based on the product, the Environmental testing products market is segmented into instruments, cosumables, and software & services. One primary factor evangelizing the environmental-testing instruments market would be the increasingly stringent legal requirements for different regulatory compliance-monitoring purposes, as well as other propelling factors like public awareness of environmental issues, increases in industrial activities, technological advancements, climate change initiatives, even emerging contaminants detection requirements, the growth of biobanking facilities, sustainability goals, and government support. These many facets will continuously morph globally into that future environment for the environmental testing instruments market, resulting eventually in a burgeoning of innovation and investment in this area.
Liquid Chromatography segment to account for a significant market share in the environmental testing products market in 2023.
Based on technology, The Environmental testing products market is categorized into liquid chromatography, gas chromatography, NMR spectroscopy, standalone mass spectrometry, Infra Red spectroscopy, Raman spectroscopy, PCR, immunoassay and other technologies, with liquid chromatography segment dominating the market share in 2023. Demand for liquid chromatography products in environmental testing stems from stringent government regulations, rising concern for the environment, advancements in technology necessitating the detection of emerging contaminants, growth in biobanking and research programs, sustainability objectives, increased investments into monitoring programs, and demand from industrial sectors. Along these lines, the liquid chromatography development will be an increasingly important focal point toward environmental protection and public health via accurate testing and analysis.
North America to account for a significant market share in the Environmental testing products market in 2023.
Based on region, The Environmental testing products market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa, with North America dominating the market share in 2023. The market for environmental testing in America grows because of tight regulatory frameworks, rising public awareness, an expansion of industrial activities, technological advancements, climate change initiatives, need for emerging contaminants detection, sustainability goals, and government funding support. All of these will keep developing and shaping the future face of the environmental testing market in North America for innovation and investment in this crucial sector.
As of 2023, prominent players in the environmental testing products market are Agilent Technologies, Inc. (US), Thermo Fisher Scientific Inc. (US), Danaher (US), Waters Corporation (US), Shimadzu Corporation (Japan), Bruker (US), among others.
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