U.S Environmental Testing Market Analysis - 2030
The U.S environmental testing market size was valued at $2.3 billion in 2020, and projected to reach $3.8 billion by 2030, with a CAGR of 5.2% from 2021 to 2030. Environmental testing is a process where contaminants are detected and tested using various equipment’s. Environmental contaminants are chemicals that accidentally enter the environment, often as a result of human activities. Some of these contaminants may have been manufactured for industrial use and because they are very stable, they do not break down easily. Environmental laboratories test client samples around the world for trace chemical compounds and pollutants. Environmental testing is done by the environmental chemist by operating state-of-the-art analytical instruments, testing to government, regulatory, and industry standards. The above mentioned analytical capabilities include trace and ultra-trace analysis for hydrocarbons, petrochemicals, metals, contaminants, and other minerals.
Environmental testing of various laboratory expertise include carbon di oxide emission calculation, contamination analysis, elemental trace analysis, emission testing, RoHS testing, REACH testing, sludge, residue & other analysis, soil testing, wastewater analysis, and water quality testing. The major driving factors for the growth of the environmental testing market are the rising need for customized testing services and the demand from regulatory bodies for regular testing of samples and inspection of the waste in the environment. The increasing investments for the implementation of rapid testing methods such as analytical testing has highly emerged in recent times due to the demand form companies that need for specific testing methods for time-efficient results and productivity. Furthermore the increasing need for customized testing services due to the client requirements has augmented the need for the analytical laboratories.
The increase in awareness among the people regarding the environment degradation and rapid development of rapid test methods for testing contaminants in the environment will provide lucrative opportunity for the development of the market. Lack of significant equipment and skilled workforce are the major factors which hampers the growth of the market. In addition, the need for huge capital investment is also further considered as one of the major factors that will restrain the U.S environmental testing market growth. The U.S environmental testing market is segmented on the basis of sample, contaminant, and technology.
On the basis of sample, the U.S environmental testing market is segmented into wastewater, water, soil, and air. On the basis of contaminant, the U.S environmental testing market is segmented into organic compounds, microbiological contaminants, residues, heavy metals, and solids. On the basis of technology, the market is studied into conventional method, and rapid method.
The major companies profiled in this U.S environmental testing industry report include Alpha Analytical, Inc., American Environmental Testing Laboratory, LLC., Agilent Technologies, Inc., Eurofins Scientific, EMSL Analytical, Inc., Hydrologic Associates USA, Inc., Intertek Group plc, Microbac Laboratories, Inc, Mérieux NutriSciences Corporation, Merck KGaA, Pace Analytical Services, LLC, Thermo Fisher Scientific Inc, and Teledyne Technologies Incorporated. Rapid urbanization and industrialization across the globe have led to increase in the environmental contamination with various contaminants. Additional growth strategies such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the US environmental testing market trends.
U.s Environmental Testing Market, By Sample
The wastewater segment dominates the U.S environmental testing market. Wastewater is the polluted form of water generated from runoff and human activities. Wastewater is generated after the use of freshwater, raw water, drinking water or saline water in a variety of deliberate application or process. Wastewater is of two types domestic sewage which carries water from houses and apartments. It is also called sanitary sewage. Industrial sewage is used water from manufacturing or chemical process. All activities which involves discharging to the environment and which can affect the water environment must prove that the waste has been tested and is below limits set out in the water environment. The presence of the above mentioned strict regulations is a major factors which will provide stable platform for the wastewater sample environment testing market during the forecast period.
By Sample
Wastewater sample is projected to create abundant $ opportunity till 2030
U.s Environmental Testing Market, By Contaminant
The organic compound segment dominates the U.S environmental testing market. Organic contaminants is define as chemicals that are carbon based for example, organic solvents, pesticides, petroleum-based wastage, timber, and gas or liquid phase volatile compounds. Organic compounds are widely used in manufacturing of variety of products as some industries may dispose of organic waste through various practices such as land dumping or the disposal of untreated industrial waste into septic systems, storm drains, sewer pipes, or natural bodies of water. Fluorescence spectroscopy is confirmed can be used for the rapid and convenient identification and quantitative of aquatic organic pollutants. The increase in population and spending power of individuals to live comfortable life is a major factor which will drive various industries. The growth in the industries will increase the organic compound contaminants in the environment, hence driving the demand for the organic compound U.S environmental testing market during the forecast period.
By Contaminant
Organic Compound is projected to create abundant $ opportunity till 2030
U.s Environmental Testing Market, By Technology
The rapid method segment dominates the U.S environmental testing market. The need for stable and time-efficient analyzing equipment in the commercial sector is a major driving factor for the development of rapid method for the environmental testing. The increasing urbanization and industrialization will increase the presence of contaminants in the environment such as water, air, and soil. The increasing initiatives and regulations from the government to curb the growth of the contaminants in the environment from various industries have led to increase in the demand for the rapid method for the environmental testing. The increase in the investment of the government and various private institutions to develop various treatment and detection methods to increase the commercialization of the testing equipment will provide lucrative opportunities for the development of the market.
By Technology
New Installations is projected to create abundant $ opportunity till 2030
COVID-19 analysis:
COVID-19 has severely impacted the global economy with devastating effects on global trade. The spread of COVID-19 has substantially dropped construction activities around the globe impacting the overall U.S environmental testing market volume in 2020. Most industries in U.S have been negatively impacted during the pandemic outbreak, hence leading to decline in the demand for the environmental testing market. This decline can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. However, environmental testing has shown wide range of utilization in the pharmaceutical and personal care industries during the outbreak period.
Key benefits for stakeholders
- This report provides a detailed quantitative analysis of the current U.S environmental testing market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
- An in-depth analysis of U.S environmental testing market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the U.S environmental testing market.
U.S. Environmental Testing Market Report Highlights
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Analyst Review
The U.S. environmental testing market is expected to exhibit high growth potential during the forecast period, owing to surge in incidences of airborne diseases and growth in industrialization, urbanization, and stringent government regulation for environmental protection
Depending on the sample, wastewater is the dominating segment in the U.S. environmental testing market, owing to stringent government regulation imposed over the pollution maintenance and wastewater, which, in turn, limits the increase in investments by the various manufacturing industries. Growth in number of wastewater treatment plants and increase in demand for sophisticated equipment or services for measuring the water quality are the driving factors expected to fuel the growth of the environmental testing market in the U.S.
U.S. environmental testing is used in agricultural sector, industrial sector, government institutions, R&D labs, forestry, and geology. The major factor for the growth of the market includes increase in awareness of environmental degradation along with surge in industrial activities and initiatives for sustainable development. Growth in instances of health issues such as COVID-19 caused by organic contamination resulted in favorable polices for environment and human health protection are projected to fuel the market demand.
Surge in investments by the government in advanced testing equipment. Increase in population and awareness among the individuals regarding environmental degradation. The increase in the industrial activities and presence of stringent regulations over industrial contaminants to the living environment are the major driving factors and opportunities in the U.S Environmental Testing market.
Acquisition, Business Expansion, Collaboration and product launch are the key growth strategy for U.S Environmental Testing market players in order to attract the end users.
Agilent Technologies, Inc., Eurofins Scientific, Intertek Group Plc., Thermo Fisher Scientific Inc., Teledyne Technologies Incorporated, are some of the leading players in the U.S. environmental testing market.
Increasing investment from the government to curb the growth of environmental degradation through “Build Back Better Act” and the increasing extreme weather conditions in U.S states are the current trends expected to influence the U.S Environmental Testing Market in the next few years.
Agricultural, Mining, and Industrial sample testing are key applications expected to drive the adoption of U.S Environmental Testing.
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