Environmental Testing Market Reflecting a CAGR of 7.0% by 2024

Sarasota, FL -- (SBWire) -- 07/23/2018 --Zion Market Research has published a new report titled "Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, and Air), by Technology (Conventional and Rapid Method), and by Contaminant (Microbial Contamination, Organic Compounds, Heavy Metals, Residues, and Solids): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024". According to the report, global environmental testing market was valued at approximately USD 8.83 billion in 2017 and is expected to generate revenue of around USD 14.18 billion by the end of 2024, growing at a CAGR of around 7.0% between 2018 and 2024.

The report covers forecast and analysis for the environmental testing market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the environmental testing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the environmental testing market on a global level.

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Humidity can cause physical changes, such as swelling and embrittlement for some materials, this leads to the breaking of the product. Functional testing is mostly used for environmental testing throughout several stages of product development and production. A functional test is very important when monitoring is done continuously. Climatic and electromagnetic environmental testing needs a huge number of equipment and complex procedures. The environmental testing is carried out by simulating the service environment of the components in order to study fitness for the desired applications. Over the past years, the practice and use of soil testing have been extensively adopted in agribusiness and by the farmers. The potential to increase yields and profits is the main reason for soil testing.

In order to give the users of this report a comprehensive view of the environmental testing market, we have included competitive landscape and analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein a sample segment, the technology segment, and contaminant segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, sample portfolio of various companies according to the region.

The study provides a decisive view on the environmental testing market by segmenting the market based on sample, technology, contaminant, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for environmental testing market based on all segments in all the regions and countries.

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The report also includes detailed profiles of end players such as Bureau Veritas, Eurofins Scientific, AB Sciex, SGS S.A. and Agilent Technologies Inc. Other players with a strong presence in the market are Intertek Group PLC, R.J Hill Laboratories Ltd, AssureQuality, Romer Labs and ALS Limited and others.