Global environmental testing market To See Impressive Growth (CAGR of 7.57%) By 2026 | Environmental Testing Solutions, Environmental Odour Consulting., Molecular Testing Labs
By understanding the value of market research report for the success of different sectors, many work areas are covered in this environmental testing market report. This market research report is a proven source of information which offers a telescopic view of the current market trends, situations, opportunities and status. The environmental testing market report contains all the information including market definition, classifications, applications, and engagements while also detailing about what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.
The global environmental testing market is registering a Substantial CAGR of 7.57% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the growing levels of pollution around the world and cost- and time-effective personalized testing services.
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Few of the major competitors currently working in the global Environmental Testing Market are Environmental Testing Solutions, Inc., Environmental Odour Consulting., Molecular Testing Labs., Bluephage SL, DEKRA CERTIFICATION B.V., Emitech, Paragon Testing Services LTD., ULTRA Testing LLC, ACMENV.COM, JEOL Ltd., Merck KGaA, Bruker, WATERS, Thermo Fisher Scientific Inc., Danaher., Endress+Hauser Management AG, Agilent Technologies, Inc., Eurofins Scientific, PerkinElmer Inc. Intertek Group plc, among others.
Key Developments in the Market
In June 2018, Agilent Technologies Inc. has launched a new logistics hub in Shanghai to allow better shipment of research facilities in China like components, supplies, and consumer goods. Shanghai’s 20,000 square-foot storage facility was the first of five forward storage locations to be set up to increase consumer shipment across the country. The latest Shanghai centre will allow the clients of the company to document the timely shipment of business components and supplies and is a model for their potential development.
In August 2016, Shimadzu Corporation, through its Brazilian marketing subsidiary SBL, purchased a local distributor from SINC. Shimadzu has spent $12 million in SBL not just to buy SINC, as well as to relocate its office to Barueri, Sao Paulo State. This would result in building a new laboratory to provide efficiency assessments and create techniques for analysing and expanding a customer learning centres. These changes are intended to enhance the revenues and the number of customers.
Key Segmentation of Global Environmental Testing Market
By technology
By contaminant
The market segment on the basis of Regions/Countries Regions/Countries
North America & South America,
Europe,
Asia-Pacific,
Middle East & Africa
Competitive Analysis
The Environmental Testing market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Environmental Testing market for global, Europe, North America, Asia Pacific and South America.
Market Drivers
Increasing levels of pollution around the world is driving the growth of the market
Cost- and time-effective personalized testing services is propelling the growth of the market
Government and regulatory bodies participate actively in monitoring climatic conditions is contributing to the growth of the market
Environmental testing services privatization is boosting the growth of the market
Market Restraints:
High expenditure in accurate and sensitive analysis is hampering the growth of the market,
The use for the new calibration requirements is unjustified and thus scientifically unjustifiable without appropriate sampling and verification is restricting the growth of the market
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