(MENAFN- EIN Presswire) U.S. Environmental Testing Market Report 2021: Exponential Growth by Market Size, Share, Trends, and Analysis to 2030
The government invests in advanced testing gear. Population rise raises eco-awareness. Industry growth and strict regulations drive the US Environmental Testing market.” - Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, April 17, 2024 /EINPresswire / -- Environmental testing is a process where specific methods are used to detect and analyze contaminants in the environment. Environment sampling and analysis results are used to make decisions regarding the cleanup of contaminated areas and water distribution systems to protect public health in case of chemical, biological, or radiological contamination incidents. These samples are collected from air, water, soil, and other areas. The US environmental testing market size was valued at $2.3 billion in 2020, and projected to reach $3.8 billion by 2030, with a CAGR of 5.2% from 2021 to 2030.
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An increase in awareness among the citizens and the government regarding environmental degradation compared to the past decade drives the growth of the market. The presence of huge agricultural farms along with technological development in the U.S has led to the application of scientific farming hence, increasing the demand for soil testing. An increase in awareness among people regarding health drives the growth of the pharmaceutical and medical market in this country. The aforementioned factors drive the growth of the U.S. environmental testing market.
Competitive Analysis:
The U.S. Environmental Testing industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players in the global U.S. Environmental Testing Market include,
Alpha Analytical, Inc.
American Environmental Testing Laboratory, LLC.
Agilent Technologies, Inc.
Eurofins Scientific
EMSL Analytical, Inc.
Hydrologic Associates USA, Inc.
Intertek Group plc
Microbac Laboratories, Inc
Mérieux NutriSciences Corporation
Pace Analytical Services, LLC
Thermo Fisher Scientific Inc
Teledyne Technologies Incorporated
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An increase in the investment of the government, as well as private institutions to improve the environmental conditions, drives the market growth. The presence of high competition and the need for huge capital for the operation of the company is hampering the development of the market. In addition, the lack of a skilled workforce and shortage of equipment used for environmental testing hinder the market growth. Testing procedures require good equipment that ensures good cooperation between manufacturing companies and government testing services to drive the market. These services are not fulfilled, owing to a lack of expertise that hampers the usage of environmental testing equipment.
The US environmental testing market is segmented based on sample, contaminant, and technology. Depending on the sample, it is classified into wastewater, air, soil, and water. Based on contaminants, it is fragmented into organic compounds, microbiological contaminants, residues, heavy metals, and solids. By technology, it is divided into the conventional method and the rapid method.
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Key findings of the study:
- By technology, the rapid method segment garnered 80% of the market share in 2020.
- By sample, the wastewater segment contributed nearly 50% of market revenue in 2020.
- By contaminant, organic compounds segment dominated the US environmental testing market share by 46% in 2020.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
David Correa
Allied Market Research
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