Key Revenue Pockets - Environmental Test Chambers Market
An environmental chamber, also known as a climatic or climate chamber, is an enclosure used to test the effects of specified environmental conditions on biological items, industrial products, materials, and electronic devices/components. The environmental test chambers market is estimated to grow from USD 842 million in 2019 to USD 938 million by 2024 at a CAGR of 2.18%. The major drivers for this market include the increase in number of regulations in industries such as aerospace and defense, and automotive; growing requirement of monitoring the effects of various stress factors; and supportive government initiatives. However, shorter product lifecycle and fast-changing testing requirements are the major restraints for the growth of this market. The market players face challenges in terms of high development cost associated with environmental test chambers.
The environmental test chambers marketplace is witnessing some of the major product innovations. Companies’ emphasis on launching comprehensive environmental test chambers solutions for their customers is likely to drive the market. For example, in June 2018, Binder launched the BINDER cell and module test chambers to evaluate aging and performance tests. It offers high level of safety and maximum application convenience. The chamber is easy to use and meets Eucar/Hazard Level 4 specifications. In August 2017, Binder launched the KBF 1020 environmental test chamber, with an interior volume of 36 ft3. The product offers dependable storage for large quantities of test specimens as well as for large samples.
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The environmental test chambers market for customized chambers is expected to grow at the highest CAGR during the forecast period. Customized or specialty chambers are environmental test chambers that can be customized as per different test requirements with regard to specific product or component of any application or industry. This growth is attributed to the rising demand from the end-user industries such as automotive, and aerospace and defense for the customized chambers
The environmental test chambers market for the automotive industry is expected to grow at the highest CAGR from 2019 to 2024. Automotive components manufacturers are continually improving their product quality, safety, security, and reliability. The extensive demand for sophisticated and standardized electronics required in luxury cars and sport utility vehicles (SUVs) has raised the demand for environmental test chambers in automotive industries.
APAC is expected to register the highest CAGR in the environmental test chambers market from 2019 to 2024. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle class. Moreover, consumer awareness about the importance of quality products is growing in this region. Environmental test chambers play a major role in testing the effects of specified environmental conditions on biological items, industrial products, electronic devices/components, and materials. Thus, the demand for these chambers in most APAC countries is likely to increase in the coming years.
Related Reports:
Environmental Test Chambers Market by Type (Temperature and Humidity Chambers, Customized Chambers, Thermal Shock Chambers), Industry (Aerospace and Defense, Automotive, Telecommunications and Electronics), and Geography - Global Forecast to 2024
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