Global Environmental Testing Equipment Market: Increase in the stringent regulations related to environmental protection is propelling the growth of market.

The environmental testing equipment market is expected to grow from USD 2.4 billion in 2020 to USD 3.9 billion by 2027, at a CAGR of 6.9 % during the forecast period. Increasing concern about the environment has led to thinking about preventive measures to control the increasing pollution. In the global test and measurement (T&M) market, the demand for environmental test equipment is increasing owing to its ability to measure the pollutant level in the environment. Environmental pollution control is one of the major concerns among the government, due to which government is making strict rules and regulations for the discharge of waste from industries and factories. On the other hand, increasing water pollution has led to use of environmental test equipment to check the quality of water for its use. Many companies are focusing to bring environmental test equipment in their product line to cater to the increasing demand of environmental test equipment. In the environmental test equipment market, North America and Europe hold the major share in environmental test equipment application. Increasing pollution and strict rules and regulations, it can be anticipated that there would be a high demand for environmental test equipment over the forecast period.

Increasing global warming and pollution is creating the demand for environmental test equipment to measure the environmental conditions. The demand for environmental testing equipment is increasing with the strict regulations of the government to control the pollutant level. Growing industries and factories are increasing the demand of environmental test equipment owing to measure their releasing effluents. In the global lab test equipment market, the demand for water and air test equipment are growing at a robust growth rate owing to increasing global warming and the problem of drinking water availability. With the increasing demand for environmental test equipment, it can be anticipated to grow at a good growth rate over the forecast period. Opting sustainable development among industries is also increasing the demand for environmental test equipment. Government is also emphasizing on pollution control and taking every preventive measure to control.

Increasing pollution level is propelling the use of environmental test equipment among the population to measure the pollutant level. Increasing health issue due to contaminated water and the air is also fueling the demand for environmental test equipment. Increasing manufacturing plants and factories is also a factor which will contribute to the growth of the environmental test equipment market in the coming future. Apart from all the factors mentioned above, increasing awareness and health consciousness among the population is generating the demand for environmental test equipment.

Key vendors operating in the environmental testing equipment market are the Agilent Technologies, Thermo Fisher Scientific, Waters Corporation, Shimadzu Corporation, Bruker, PerkinElmer, SCIEX, JEOL, Analytik Jena, and Merck. The vendors are focusing on strategic merger & acquisition activities to gain market share and accelerate their sales. For instance, in August 2016, Shimadzu acquired SINC to strengthen its analytical and measuring instruments business in Brazil. Furthermore, in June 2018 Thermo Fisher Scientific Signs Agreement to Acquire Gatan from Roper Technologies to enhance the customer offering.

North America holds the largest market share due to the strict government regulations to release pollutant at a safe level, and high awareness towards environment health. There are several laws imposed by the government to control the pollution measure. For instance, The Federal Clean Air Act of 1995 imposed for national air quality requirement and environment protection agency. The Clean Water Act imposed to regulate discharges of pollution in water, The Toxic Substance Control Act and other acts and laws. The government is taking initiatives to create awareness regarding fresh water, waste disposal, pollution caused by vehicles, and health awareness to minimize the pollution.