Indian Environmental Testing Market Forecast to Reach $391.3 Million by 2026
The market for Indian Environmental Testing is forecast to reach $391.3 million by 2026, growing at a CAGR of 9.9% from 2021 to 2026. Environmental test equipment is majorly deployed in the removal of contaminants such as residues, solids, organic compounds, and so on from air, water, soil testing and others. With the increasing pollution in the country, the dire need of employing environmental testing instruments to implement the government regulations is set to impact on the growth of the market during the forecast period 2021-2026. The rising need for customized testing services and the demand from regulatory bodies for regular testing of samples and inspection of the waste in the environment has led to the rising growth of the environmental testing market. Also, the companies are demanding the need for specific testing methods for providing time-efficient result and productivity. Furthermore, analytical laboratories have identified the increasing need for customized testing services due to the client requirements. These key drivers are enhancing the growth of the Indian Environmental Testing Market.
India Environmental Testing Market Segment Analysis –By Technology
Rapid technology is analysed to hold highest share in 2020 at 65% share and is set to grow at highest rate during the forecast period 2021-2026. The increasing number of potentially harmful pollutants in the environment is set to be the major factor contributing to the growth of the rapid technology in detection of the contaminants. The growing implementations of the stringent government regulations to control the pollution is boosting the market growth rate. At UNTCAD’s twenty second session in May 2019, the commission on science and technology for development selected the impact of rapid technological change on sustainable development as one of its priority themes for the 2018–2020 period.
India Environmental Testing Market Segment Analysis –By Sample type
Water sampling is set to dominate the market in 2020 at 28.1%. This is majorly attributed to the water pollution caused by residues from agricultural fields, discharge of untreated or partially treated sewage and industrial effluents, and disposal of fly ash or solid waste into a water bodies such as rivers, lakes and so on. The rivers such as Yamuna, Ganga and so on are majorly polluted in India, and this is creating a dire need of monitoring the rivers with environmental testing equipment thereby escalating the market growth rate for the environmental test equipment. In November 2019, Yamuna has been covered with toxic foam due to the total pollutants in the river, thus resulting in the government implementing increased water testing regulations. This is majorly set to further elevate the market growth rate during the forecast period 2021-2026.
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India Environmental Testing Market Segment Analysis – By Geography
As stated by the World Economic Forum in March 2020, six of the world’s ten most polluted cities are in India thereby creating a dire need for environmental test equipment deployment. Northern cities such as Delhi, Ghaziabad, Noida and so on are the major ones suffering from pollution, hence the Northern region is holding the highest market share in 2020. In order to tackle the pollution, the government is also making increased efforts thereby contributing to the growth of the market. The government of India has launched its National Clean Air Programme which aims to reduce air pollution levels by up to 30% by 2024. Therefore the deployment of the environmental test equipment in monitoring the pollution levels is set to be boosted in the market during the forecast period. Adding to this, the spraying of disinfectants all over the country to avoid the spread of COVID-19 has led to the deployment of environment test equipment to ensure the quality of air and water. This is set to elevate the market growth rate of the Northern region at 10.8% CAGR through 2026.
India Environmental Testing Market Drivers
Increasing regulations for the environmental protection
In 2009, the government launched National Water mission, which majorly highlights the objective to conserve water through minimising wastage, pollution reduction and ensuring equitable distribution of water across the country. Therefore the growing pollution in most of the states in India is creating a dire need for the implementation of the government regulations is set to boost the market during the forecast period 2020-2025.
Requirement of treatment of water in India
As a large populace in India still does not have access to safe water, the planning commission has budgeted USD 26.5 billion in the period 2012-2017 plan for providing safe water to all urban and rural Indians. These involve the deployment of testing equipment in the water treatment plants. Major waste water treating companies such as Suez has stated that it is able to treat 7.5 Billion litres of safe drinking water produced in SUEZ-run treatment plants every day. These factors are set to elevate the market growth rate.
India Environmental Testing Market Challenges
High initial investments for sensitive and analytical testing
The initial investments involved in the deployment of the environmental testing equipment is set to hinder the adoption of the market growth rate. The high investments are majorly attributed to the usage of high sensitivity sensors employed in the analytical instruments. The environmental measurement analysers deployed in oil and gas industries majorly for the waste water treatment are usually of high cost thereby posing a challenge for the market.
India Environmental Testing Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the India environmental testing market. India environmental testing driver market is expected to be dominated by major companies such as Eurofins, Interket, Bureau Veritas, Merieux, Microbac Laboratories, Alex Stewart among others.
Acquisitions/Technology Launches/Partnerships
In May 2021, with the number of cases of COVID-19 surging across the county in the second wave of the pandemic, the Government of Karnataka is introducing a city-wide sewage surveillance system in Bangalore that will help officials track the virus at an early stage, even among asymptomatic individuals.
In January 2020, Intertek has launched ground-breaking total sustainability assurance in india to support its clients’ end-to-end sustainability commitment. Intertek’s operational sustainability solutions address the important operational areas of every company, covering environment, products, processes, facilities, assets and systems.
Key Takeaways
Water sampling is analysed to grow at highest rate during the forecast period owing to the high water pollution in the country.
North Indian region is dominating the market as of 2020, mainly attributed to the increasing pollution in the region, especially in New Delhi.
Implementation of the stringent government regulations is set to drive the market during the forecast period owing to the mandatory deployment of environmental test equipment.
Related Reports
A. Environmental Testing Market
https://www.industryarc.com/Report/7455/environmental-testing-market-analysis.html
B. U.S. Environmental Testing Market
https://www.industryarc.com/Report/18714/us-environmental-testing-market.html
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