The study involved four major activities to estimate
the current market size for environmental testing equipment. Exhaustive
secondary research was done to collect information on the market and its
different sub segments. The next step was to validate these findings,
assumptions, and sizing with industry experts across value chain through
primary research. Both top-down and bottom-up approaches were employed to
estimate the complete market size. Thereafter market breakdown and data
triangulation was used to estimate the market size of segments and sub segments
What
the Market Looks Like?
Recent
Developments:
· In March 2018, Agilent established a new
logistics hub in Shanghai to enable rapid delivery of the company’s instrument
parts, supplies, and consumables to laboratories in China.
· In August 2016, Shimadzu acquired SINC (SINC do
Brasil Instrumentaçâo Cientifica Ltda.) to strengthen its analytical and
measuring instruments business in Brazil.
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 equipment, 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?
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What Drives the
Market?
The growth of the global Environmental Testing Equipment
Market is primarily influenced by the following factors:
·
Rising Levels of Environmental Pollution Worldwide
·
Increasing Government Regulations and Initiatives for
Environment Protection
·
Privatization of Environmental Testing Services
·
Increasing Focus on Wastewater Treatment
Major Growth Restraints:
·
High Capital Investments for Accurate and Sensitive
Analytical Testing
Global Growth Opportunities:
·
Increasing Industrial Activities in Emerging Markets
·
Introduction of Innovative Rapid Technologies
Geographical growth scenario of wireless health market
North America is expected to dominate the environmental
testing equipment market during the forecast period
Geographically, North America is expected to dominate the
global environmental testing equipment 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.
Leading market
players and strategies adopted
The major players in the environmental testing equipment
analysis market include Agilent Technologies (US), Thermo Fisher Scientific
(US), Waters Corporation (US), Shimadzu Corporation (Japan), 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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