Environmental Testing Market Projected to Reach $12.75 Billion by 2022 | Top Key Players are SGS SA, Bureau Veritas SA, Intertek Group PLC, Eurofins Scientific, TÜV SÜD, AsureQuality, ALS Limited

The report "Environmental Testing Market by Sample (Wastewater/Effluent, Soil, Water, and Air), Contaminant (Microbes, Organic Compounds, Heavy Metals, Residues, and Solids), Technology (Conventional and Rapid), and Region - Global Forecast to 2022", The environmental testing market is projected to grow from USD 8.47 billion in 2017 to USD 12.75 billion by 2022, recording a compound annual growth rate (CAGR) of 7.1% during the forecast period. The major factors driving the growth of the environmental testing market include increasing regulations pertaining to environment protection, cost- & time-effective customized testing services, active participation of government and regulatory bodies to monitor environmental conditions, and privatization of environmental testing services.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95098120

The rapid technology segment is projected to be a faster-growing segment in the environmental testing market during the forecast period.

The environment testing market is segmented, on the basis of technology, into conventional and rapid. The rapid technology segment is projected to be the faster-growing segment in the environmental testing market during the forecast period. This is attributed to the low turnaround time, higher accuracy, and sensitivity compared to conventional technology.

The organic compounds segment is projected to account for the largest market share in the environmental testing market during the forecast period.

The environmental testing market is segmented, on the basis of contaminants, into microbes, organic compounds, heavy metals, residues, and solids. The organic compounds segment is projected to be a leading segment in the environmental testing market. This is attributed to the increase in the risk of health problems, owing to high levels of emissions and sustained growth in consumption, mainly of hydrocarbons.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=95098120

Asia Pacific is projected to be the fastest-growing region in the environmental testing market during the forecast period.

Asia Pacific is projected to be the fastest-growing region in the environmental testing market during the forecast period. The market in the region is driven by infrastructure development such as an increase in construction and energy-related projects, growth in awareness regarding environmental pollution, and sustainable transformation of environmental policies, which is projected to drive the demand in this region.

Major vendors in the environmental testing market include SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group PLC (UK), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), AsureQuality (New Zealand), Microbac Laboratories, Inc. (US), R J Hill Laboratories Limited (New Zealand), and ALS Limited (Australia).

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.