Agilent Technologies (US) and Thermo Fisher Scientific Inc. (US) are the Top Players in the Environmental Testing Equipment Market
The global environmental testing equipment market is estimated to reach USD 1.6 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 7.6% during the forecast period (2022-2027). Growth in the environmental testing equipment market is mainly driven by the rising levels of environmental pollution worldwide, increasing efforts from public/private organizations to raise awareness about environment protection, privatization of environmental testing and treatment services, and increasing funding on wastewater treatment projects/programs. Increasing industrial activities post COVID-19, and the growing utilization of mobile & portable systems are also expected to provide a wide range of growth opportunities for players in the market. On the other hand, high capital investments for accurate and sensitive analytical testing and inadequate supporting infrastructure coupled with the shortage of skilled professionals are factors expected to limit market growth to a certain extent in the coming years.
The top players who dominated the environmental testing equipment market include Agilent Technologies Inc. (US), Thermo Fisher Scientific Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), Bruker Corporation (US), PerkinElmer Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), JEOL Ltd. (Japan), Endress+Hauser Group Services AG (Analytik Jena, Switzerland), JASCO Corporation (Japan), Teledyne Technologies Incorporated (US), AMETEK, Inc. (US), and INFICON (Switzerland), among others. The major players are focused on expanding their presence in emerging markets such as Latin America, the Middle East, and the Asia Pacific. In the Asia Pacific region, the market in China is expected to grow at the highest CAGR due to the growing focus on environmental pollution monitoring & control, especially air pollution, in the country.
To know about the assumptions considered for the study download the pdf brochure
Agilent Technologies (US) was the leading environmental testing equipment market player. The leading position of Agilent Technologies can be attributed to the extensive product portfolio of analytical technologies, including chromatography and molecular spectroscopy. The company maintains its leading position by engaging in organic growth strategies such as product development and launches. The life sciences and applied markets channels (offering chromatography and spectrometry instruments) focus on the therapeutics and human disease research customer base (pharma, biopharma, CRO, CMO, and generics) and clinical customer base (high complexity clinical testing labs). The company’s growth directly impacted the revenue increase of its Applied Markets segment (responsible for the environmental testing equipment market).
Thermo Fisher Scientific Inc. (US) holds a strong geographical footprint in almost all major markets worldwide. Thermo Fisher sells its products and services through direct sales with the assistance of customer-service professionals, e-commerce, and third-party distributors. The growth in the company’s sales, which was particularly strong in North America, Europe, and Asia, also contributed to maintaining its leading position in the environmental testing equipment market.
Shimadzu Corporation (Japan) is also on eof the major players in the environmental testing equipment market. The companys strong foothold in this market can be attributed to its versatile portfolio of environmental testing products offered via its Analytical and Measuring Instruments segment. From 2019 to 2021, the company has launched several products to strengthen its foothold in the market. Some of the major product launches of the company include LabSolutions MD software, EDX-7200 spectrometer, IRSpirit FTIR spectrophotometer, Advanced i-Series HPLC, UV-i Selection, LCMS-8060NX, and Nexera UHPLC. In 2021, the sale of liquid chromatographs, mass spectrometers, gas chromatographs, and other environmental instruments was strong in Japan and China due to government policies for strengthening pollution control measures. Shimadzu has established its marketing and production bases worldwide
Related Reports:
Environmental Testing Equipment Market by Product (Spectrometers (GC-MS, LC-MS), Molecular Spectroscopy, Chromatography (GC, LC)), Platform(Benchtop, Mobile), Application(Water (PFAS), Air, Soil), End User (Labs, Govt. Agencies) - Global Forecast to 2027
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
