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Environmental Testing Market Share

Report ID: GMI3161
Published Date: Oct 2024
Report Format: PDF

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Environmental Testing Market Share

Environmental Testing Company Market Share, 2023

SGS SA, Eurofins Scientific, and Element Materials Technology collectively held a substantial market share of over 9% in the environmental testing industry in 2023. SGS is strategically expanding its global presence in environmental testing through acquisitions and investments in advanced testing technologies. The company is enhancing its air, water, and soil testing services, emphasizing sustainability and compliance with environmental regulations. Additionally, SGS is prioritizing digital transformation to optimize its testing processes, improving data accuracy and reducing turnaround times.

Eurofins is leveraging its extensive laboratory network to offer comprehensive environmental testing services, including water, air, and soil analysis. The company is investing in automation and innovative technologies to increase efficiency. Eurofins is also expanding into emerging markets and forming strategic partnerships to strengthen its global footprint.

Element Materials Technology is focusing on specialized environmental testing services, particularly in air quality, emissions, and water testing. The company is investing in expanding its laboratory capabilities, adopting cutting-edge testing techniques, and enhancing service quality. Additionally, Element is pursuing growth through acquisitions and partnerships to strengthen its market position and provide tailored testing solutions for specific industry needs.

Environmental Testing Market Companies

Major players operating in the environmental testing industry are:

Agilent Technologies
ALS Limited
AsureQuality
Bureau Veritas
Element Materials Technology
Eurofins Scientific
Intertek Group plc
Mérieux NutriSciences
SGS SA
TÜV SÜD

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of environmental testing reached USD 10.7 billion in 2023 and is set to grow at a 7.8% CAGR from 2024 to 2032, driven by stricter regulations for environmental protection and public health.

The water segment accounted for over 35% of the market share in 2023, emphasizing the critical importance of water quality for public health, agriculture, and industrial operations.

The chromatography segment held around 43% of the market share in 2023, due to its versatility and precision in detecting a wide range of contaminants across various sample types.

The North America market recorded over 36% share in 2023 and is projected to cross USD 7.5 billion by 2032, led by stringent regulations from the Environmental Protection Agency (EPA) and state-level agencies.