PUNE, India, November 2, 2017 /PRNewswire/ --
The report "Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, and Air), Contaminant (Microbes, Organic Compounds, Heavy Metals, Residues, and Solids), Technology (Conventional and Rapid) and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to reach USD 12.75 Billion by 2022 from USD 9.03 Billion in 2017, at a CAGR of 7.1% from 2017. The market is driven by increasing regulations on environment protection, privatization of environmental testing services, and active participation of different government and regulatory bodies to monitor environmental conditions. High capital investment for accurate and sensitive analytical testing is the major factor restraining growth in this market.
Browse 82 Market Data Tables and 38 Figures spread through 184 Pages and in-depth TOC on "Environmental Testing Market - Global Forecast to 2022"
Early buyers will receive 10% customization on this report
Water testing segment is projected to be the fastest-growing during the forecast period
The market for water testing is projected to be the fastest-growing, by type, from 2017 to 2022. Water testing has become an important area because of the disposal of industrial effluents into water bodies and rise in concerns about water degradation, thereby prompting government regulations to tackle this issue. Also, water contamination is linked to the spread of diseases such as cholera, diarrhea, dysentery, hepatitis A, typhoid, and polio due to which significant emphasis is being laid on water testing.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=95098120
Rapid technology is projected to be the fastest-growing segment during the forecast period
Rapid technology is projected to be the fastest-growing segment during the forecast period due to its low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to conventional technology. Also, the availability of rapid testing methods such as PCR, ELISA, spectrometry, and chromatography has reduced the overall cost of determination. Every year, heavy investments are made in laboratory testing, environment protection & treatment, equipment, conveyances, leading-edge technology, and research & development.
Asia Pacific is projected to be the fastest-growing market during the forecast period
The market in the Asia Pacific region is driven by infrastructure development such as construction and energy-related projects, growing awareness regarding environmental pollution, and sustainable transformation of environmental policies.
The death toll due to the unhealthy environment is high in developing Asian countries such as India and China, compared to developed countries, due to which the governments in these countries understand the importance of environmental protection and preservation, and have passed various regulations, which require the services of environmental testing companies, thereby, boosting the high growth of the Environmental Testing Market in the region.
This report includes a study of marketing and development strategies, along with the service portfolios of leading companies. It also includes the profiles of leading companies such as SGS (Switzerland), Eurofins (Luxembourg), Intertek (UK), Bureau Veritas (France), and ALS (Australia), among others.
Browse Related Reports
Agricultural Testing Market by Sample (Soil, Water, Manure, Compost, Bio-solids, Seeds and Others), Application Type (Contaminants and Quality Assurance), & by Region - Global Trends & Forecast to 2020
Water Testing & Analysis Market by Product (TOC, PH, DO, Conductivity, Turbidity), Product Type (Portable, Handheld, Benchtop), Application (Laboratory, Industrial, Environmental, Government) & Region - Global Trends & Forecast to 2019
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets