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(Health-NewsWire.Net, July 29, 2020 ) Growth in the environmental testing equipment market is mainly driven by factors such as the rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection, privatization of environmental testing services, and increasing focus on wastewater treatment.
The mass spectrometers segment is expected to account for the largest share of the products & services market in 2018
On the basis of products, the environmental testing products market is segmented into mass spectrometers, chromatography products, molecular spectroscopy products, TOC analyzers, pH meters, dissolved oxygen analyzers, conductivity sensors, turbidity meters, and other products.
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The mass spectrometers segment held the largest share of the environmental testing equipment market in 2018 and this segment is also projected to register the highest growth during the forecast period. MS is the most specific method for the study of small and volatile molecules, which is a major factor driving market growth. Also, the various technological enhancements in GC-MS systems are supporting the adoption of MS in environmental testing.
Key questions addressed by the report:
# Which of the product segment will dominate the global market in the next five years?
# Emerging countries have immense opportunities for the growth and adoption of environmental testing products, will this scenario continue in the next five years?
# Increasing environmental awareness in the emerging market is impacting the growth for developed markets. How will the pricing difference impact the overall market?
# What are the upcoming technologies in the global market?
North America is expected to dominate the environmental testing products market during the forecast period
Geographically, North America is expected to dominate the global environmental testing products market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the rising outdoor air pollution levels, the availability of government funding, and stringent environmental monitoring regulations.
The major players operating in the environmental testing products market include Agilent Technologies (US), Thermo Fisher Scientific (US), and Shimadzu Corporation (Japan). Other players involved in this market include Waters Corporation (US), Bruker (US), PerkinElmer (US), SCIEX (a subsidiary of Danaher) (US), JEOL (Japan), Analytik Jena (Germany), and Merck KGaA (Germany).
The analysis of market developments between 2016 and 2018 showed that market players adopted growth strategies such as product launches, strategic acquisitions, expansions, partnerships, agreements, and collaborations to strengthen their product portfolios and maintain a competitive position in the environmental testing equipment analysis market.
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