Environmental Testing Equipment Market size is set to expand at a substantial growth rate from 2022 to 2028. Increasing global warming leading to the growing awareness to reduce carbon footprints and the rapid dissipation of freshwater sources pushing the demand for wastewater management will augment market expansion. Moreover, privatization of testing services and the escalating demand for third-party testing may support the industry share in the years ahead.
Rapid industrialization leading to surging pollution levels across the globe and stringent government regulations to control the emission of hazardous waste and greenhouse gas emission is likely to propel the environmental testing equipment industry outlook in the upcoming years.
With respect to the application spectrum of environmental testing equipment market, soil testing and air testing segments are poised to witness substantial progression in the forecast timeframe.
Increasing water scarcity, driven by the dissipation of freshwater bodies, coupled with the rapid upsurge in demand for wastewater management, will foster market expansion. Water testing is required to maintain a safe and reliable source of water, ensuring proper protection from potential contamination.
Gradually deteriorating air quality index driven by the upsurge in industrial and vehicle emissions and the greenhouse effect may propel the demand for air testing in the upcoming years.
APAC and North America environmental testing equipment markets may register significant progression over the projected time frame.
Stringent government laws like the P2 act imposed by the United States Environmental Protection Agency and Growing R&D activities leading to new product innovations will boost the North America environmental testing equipment industry growth in the years ahead. In December 2021, Volvo Group North America hosted the administrator of the United States Environmental Protection Agency and the president of United Auto Workers Association for a test drive of their latest zero-emission, fully electric, heavy-duty trucks.
The rapid upsurge in the pollution levels in the countries like India and China, along with supportive government regulations and initiatives to control pollution and carbon emission, may foster the growth of the environmental testing equipment market in the APAC region.
Some of the key industry players of the environmental testing equipment industry include Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, Bruker, PerkinElmer, Shimadzu Corporation, SCIEX, Analytik Jena, Merck, and JEOL. These players are adopting strategies like partnerships, new product innovations, mergers, and acquisitions to strengthen their market position and gain a substantial customer base.
With the advent of COVID-19 last year, there has been a substantial rise in the manufacturing of personal protective equipment (PPE), for instance, the World Health Organization requested a 40% increase in disposable PPE production during the first months of 2020. The escalating production of disposable PPE, masks, and gloves has worsened the level of plastic contamination in oceans and other water bodies. Moreover, the increasing usage of these products has adversely affected the life in water and life on land and requires urgent waste management.