united states environmental testing market to surpass usd 3209.60 million during the forecast period

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1 © TechSci Research FORECAST AND OPPORTUNITIES MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com PUBLISHED: OCTOBER 2020 UNITED STATES ENVIRONMENTAL TESTING MARKET FORECAST AND OPPORTUNITIES 2015 2025 PUBLISHED: NOVEMBER 2020

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According to TechSci Research report, “United States Environmental Testing Market By Sample (Soil; Water; Air; Wastewater/Effluent), By Technology (Conventional; Rapid Method), By Contaminant (Microbial Contamination; Organic Compounds; Heavy Metals; Residues; Solids), By Region, Competition, Forecast & Opportunities, 2025” United States environmental testing market was valued USD 2411.75 Million in 2019 and is forecast to grow at CAGR of 7.06% in next five years to reach USD 3209.60 Million by 2025.https://bit.ly/2WRFMzF

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Page 1: United States Environmental Testing Market to Surpass USD 3209.60 Million During the Forecast Period

1© TechSci Research

FORECAST AND OPPORTUNITIES

M A R K E T I N T E L L I G E N C E . C O N S U L T I N G www.techsciresearch.com

PUBLISHED: OCTOBER 2020

UNITED STATES ENVIRONMENTAL TESTING MARKET

FORECAST AND OPPORTUNITIES

2015 – 2025

PUBLISHED: NOVEMBER 2020

Page 2: United States Environmental Testing Market to Surpass USD 3209.60 Million During the Forecast Period

2© TechSci Research

Table of Contents

S. No. Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global United States Environmental Testing Market Outlook

6. United States Environmental Testing Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Sample (Soil, Water, Air and Wastewater/Effluent)

6.2.2. By Technology (Conventional and Rapid Method)

6.2.3. By Contaminant (Microbial Contamination, Organic Compounds, Heavy Metals, Residues and Solids)

6.2.4. By Region

6.2.5. By Company

6.3. Market Map

6.3.1. By Sample

6.3.2. By Technology

6.3.3. By Contaminant

6.3.4. By Region

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Table of Contents

S. No. Contents

7. United States Wastewater/Effluent Testing Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.2. By Technology

7.2.3. By Contaminant

8. United States Water Testing Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.2. By Technology

8.2.3. By Contaminant

9. United States Soil Testing Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.2. By Technology

9.2.3. By Contaminant

10. United States Air Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.2. By Technology

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Table of Contents

S. No. Contents

10.2.3. By Contaminant

11 Market Dynamics

11.1. Market Drivers

11.2. Market Challenges

12. Market Trends & Developments

13. Supply Chain Analysis

14. Policy & Regulatory Landscape

15. United States Economic Profile

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Eurofins

16.1.2. SGS S.A.

16.1.3. TUV SUD

16.1.4. Bureau Veritas

16.1.5. Intertek

16.1.6. ALS Limited

16.1.7. Microbac Laboratories

16.1.8. Merieux Nutrisciences Corp

16.1.9. EMSL Analytical, Inc.

16.1.10. Hydrologic Associates USA, Inc.

13. Strategic Recommendations

14. About Us & Disclaimer

Page 5: United States Environmental Testing Market to Surpass USD 3209.60 Million During the Forecast Period

PRODUCT OVERVIEW

5

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6© TechSci Research

Scope of ReportProduct of Interest (POI): Environmental Testing

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

UNITED STATES ENVIRONMENTAL TESTING MARKET

BY SAMPLE

BY CONTAMINANT

• Microbial Contaminant

• Organic Compounds

• Heavy Metals

• Residues

• Solids

• Soil

• Water

• Air

• Wastewater/Effluent

Environmental testing refers to methods undertaken to measure and observe environmental conditions involving air, water, and

soil quality. It is basically a process in which a series of tests are conducted on major resources that drive the life on earth in

order to find the suitability of these resources for their regulated exploitation. Increasingly stringent regulations and active

participation of governments and regulatory bodies to tackle environmental issues are acting as primary drivers for the US

environmental testing market. Environmental testing is done to control environmental pollution and safeguard human health.

Market SegmentationBY TECHNOLOGY

• Conventional Method

• Rapid Method

BY REGION

• North East

• Mid West

• West

• South West

• South East

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RESEARCH METHODOLOGY

7

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8© TechSci Research

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to determine top players

in US environmental testing market, overall

market size and segmental market share.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

questionnaire.

List of industry players, distributors, and

industry specialists was developed.

TechSci Research conducted interviews with industry experts

and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research

was validated through rigorous triangulation.

The data was scrutinized using MS-Excel and

statistical tools such as Time Series Analysis, etc. to obtain qualitative and

quantitative insights about US environmental testing

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ Product Differentiation

✓ TechSci Internal Database

✓ LinkedIn

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with environmental testing

players. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva, etc.,

including our internal database. Our team of analysts has then prudently evaluated all the collected information and

presented the same in chronological order to depict a meaningful and clear picture of US environmental testing market. While

compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, to

present the most accurate and precise information of the concerned industry.

Sampling Technique:

While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion

Leaders (KOLs) in various environmental testing companies operating in US. KOLs based out of prominent environmental

testing companies were interviewed to assess US environmental testing market.

Sample Size:

Type of Respondents No. of Respondents

Mid to Senior Management, Managers of environmental testing companies 70

Industry Experts 30

Total 100

Research Methodology

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Market Size Calculation Technique:

Primary Research

For the preparation of US environmental testing market report, bottom-up model has been used, which has been later cross

validated by using top-down approach. TechSci Research interviewed senior managers of the prominent environmental

testing companies using Delphi technique for calculating US environmental testing market size. Respondents were also asked

about the current and future growth rates, market share by sample, by technology, contaminant, and by region. All the

information gathered was carefully analyzed, and data points which exhibited high deviations from the majority estimates

were eliminated as outliers and the remaining refined data points were put together to arrive at the data.

Primary Research – Few of the Companies Interviewed

S. No. Names of Companies Interviewed

1. Eurofins

2. SGS

3. TUV SUD

4. Bureau Veritas

5. Intertek Group

6. ALS Limited

Research Methodology

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Secondary Research:

We have put through an exhaustive search of credible databases in addition to our internal database. Further analysis of

credible publications, white papers, company annual reports, investor presentations, news articles, etc., was also done to

cross validate the end findings derived from primary research.

Forecasting Technique:

The team has developed the forecast on the basis of econometric and judgemental analysis in addition to statistical

techniques such as averaging and geometric mean. During primary research interview, questions regarding historical trend of

environmental testing in the US were put forward. Respondents were asked about the current and future growth rates, and

market share of environmental testing in the US. In order to forecast US environmental testing market, following forecast

techniques were used:

• Time Series Analysis• Econometric and Judgmental Analysis• Moving Average

S. No. Few of the Secondary Sources/Associations

1. Company Websites

2. Industry Magazines

3. Company Annual Reports

4. World Bank

5. Industry Reports

Research Methodology

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Industry Brief

According to TechSci Research report, “United States Environmental Testing Market By Sample (Soil; Water; Air;

Wastewater/Effluent), By Technology (Conventional; Rapid Method), By Contaminant (Microbial Contamination; Organic Compounds;

Heavy Metals; Residues; Solids), By Region, Competition, Forecast & Opportunities, 2025” United States environmental testing

market was valued USD 2411.75 Million in 2019 and is forecast to grow at CAGR of 7.06% in next five years to reach USD 3209.60

Million by 2025.Growing industrial and manufacturing activities in the US are expected to boost the environmental testing market in

the country. Environmental testing is generally done by manufacturing organizations to assess the impact of disposals or waste

produced from their manufacturing plants. Increasing industrial activities will lead to the rise in environmental pollution and

wastewater/effluent, which is expected to increase the demand for environmental testing in the US during the forecast period.

Growing awareness regarding minimizing environmental impact by reducing air, water and soil pollution among individuals, private

institutions and industries is among the major factors anticipated to increase demand for environmental testing in the US through

2025.

The United States environmental testing market is segmented based on sample, technology, contaminant, company and regional

distribution. Rapid Method constitute the fastest growing technology category in the United States owing to their numerous

advantages over Conventional Method. Rapidly increasing harmful contaminants in the soil, air, water has increased the need for

rapid and cost-efficient testing systems for analyzing and monitoring.

Eurofins Scientific Inc., SGS S.A., TUV SUD AG, Bureau Veritas SA, Intertek Group plc, ALS Limited, Microbac Laboratories, Inc.,

Merieux Nutrisciences Corp, EMSL Analytical, Inc., Hydrologic Associates USA, Inc., and others are some of the leading players

operating in United States Environmental Testing market.

“A wide range of existing testing methods and the introduction of advanced technologies to conduct testing of environmental samples

have resulted in an effective change in environmental testing. Liquid chromatography, high-performance liquid chromatography, and

spectrometry are the advanced technologies that are used for environmental testing, which will enhance the United States

environmental testing market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research

based global management consulting firm.

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13© TechSci Research

Sample Data - Snapshot

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Value (USD Million)

United States Environmental Testing Market Size, By Value (USD Million), 2015-2025F

CAGR 2015-2019By Value: xx%

CAGR 2020-2025FBy Value: xx%

United States Wastewater/Effluent Testing Market Share, By Technology, By Value, 2015-2025F

60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%

40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Rapid Method Conventional Method

United States Water Testing Market Share, By Contaminant, By Value, 2015-2025F

5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Microbial Contamination Solids Residues Organic Compounds Heavy Metals

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14© TechSci Research

Report Ordering

Report Name: UNITED STATES ENVIRONMENTAL TESTING MARKET

FORECAST AND OPPORTUNITIES

2015 – 2025

To View Sample OR Purchase Report

License Type Price

Single User License $3500

Multi-User License $4500

Custom Research License $7500

Page 15: United States Environmental Testing Market to Surpass USD 3209.60 Million During the Forecast Period

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number

of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary

forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,

regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the

opportunities available in the market.

Related Reports

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errorsor omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relativemarket size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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New York, United StatesTel: +1- 646- 360- 1656

Email: [email protected] www.techsciresearch.com

Disclaimer

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