Environmental Testing Equipment Market size will experience a dynamic growth between 2023 and 2032. Increasing global warming levels leading to the growing awareness to reduce carbon footprints and the rapid dissipation of freshwater sources, subsequently pushing the demand for wastewater management will augment the market expansion. Moreover, the rising privatization of testing services and the escalating demand for third-party testing techniques may support the industry share.
The rapid rate of industrialization resulting in the surging pollution levels across the globe has made way for the introduction of stringent government regulations to control hazardous waste and greenhouse gas emissions. In fact, 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.
With respect to the application spectrum of environmental testing equipment market, the air testing segment is estimated to witness substantial progression in the forecasted timeframe. The 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.
On the other hand, the water testing segment will gain traction through 2032, ascribing to the rising concerns over water scarcity, driven by the dissipation of freshwater bodies, coupled with the rapid upsurge in demand for wastewater management. The increasing need for water testing to maintain safe and reliable sources of water as well as ensuring proper protection from potential contamination will add to the segment growth.
Regionally, the environmental testing equipment market may register significant progression in North America over the projected time frame. Stringent government laws like the P2 act imposed by the United States Environmental Protection Agency and the growing R&D activities leading to new product innovations will boost the industry growth. In December 2021, Volvo Group North America hosted the administrator of the United States Environmental Protection Agency as well as the president of United Auto Workers Association for a test drive of its latest zero-emission, fully electric, heavy-duty trucks.
Meanwhile, the rapid upsurge in the pollution levels in countries like India and China will foster the growth of the environmental testing equipment market in the APAC region. The introduction of supportive government regulations and initiatives to control pollution and carbon emissions will also favor the industry outlook.
Some of the leading companies involved in the environmental testing equipment market include Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, Bruker, PerkinElmer, Shimadzu Corporation, SCIEX, Analytik Jena, Merck, and JEOL. These firms are adopting strategies like partnerships, new product innovations, mergers, and acquisitions to strengthen their market position and gain substantial customer base.
Citing an instance, 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.
The Russia-Ukraine war had a negative impact on the environmental testing equipment industry as it led to supply chain disruptions. The shortage of raw materials affected the production of testing equipment in many nations. However, the damages caused by the war to the environment proliferated the demand for environmental testing equipment to some extent. Moreover, as multiple governments are engaged in bringing the conflict to an end, the industry recovery will positively influence the industry growth.