Environmental Test Chamber Global Business Report 2024

Environmental test chamber market

DUBLIN, May 17, 2024 (Globe Newswire) — “Environmental Testing Laboratories – Global Strategic Business Report” added. ResearchAndMarkets.com Recruitment.

The global market for environmental test chambers, estimated at USD 793.9 million in 2023, is projected to reach a revised size of USD 1 billion by 2030, growing by 3.1 billion over the analysis period 2023-2030. Growing at a CAGR of %.

Temperature and humidity testing chambers, one of the segments analyzed in the report, is projected to register a CAGR of 3.2% and reach USD 419.9 million by the end of the analysis period. The growth of the customized test chamber segment is estimated at 3.5% CAGR over the next eight years.

The US market is estimated at $185.7 million, while China is projected to grow at a CAGR of 3.9%

The US environmental laboratory market is estimated to reach USD 185.7 million in 2023. China, the world’s second largest economy, is projected to reach a market size of USD 238.2 million by 2030, growing at a CAGR of 3.9% over the analysis period 2023-2030.

Other notable geographic markets include Japan and Canada, which are expected to grow by 2.2% and 2.5%, respectively, from 2023 to 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 2.5%.

Key market trends and drivers

• Stability testing remains an essential element for the pharmaceutical industry

• Focus on stability testing due to significant increase in pharmaceutical sales

• Increasing industry-wide regulations regarding product safety and reliability portend market growth

• Environmental test chambers continue to attract attention in the battery testing field

• The growing importance of battery testing

• Battery-powered consumer electronics stimulate demand for battery test chambers

• Increasing number of electronic components in high-end industries may increase demand for customized chambers

• Aerospace and Defense: Key End-Use Markets for Environmental Test Chambers

• Demand increases with new satellite launches and increased space activity

• Environmental test chambers: an important aspect of the automotive industry

• Basic variables in automotive environmental testing

• Auto industry revival boosts profits

• Demand for electric vehicles (EV) and hybrid vehicles increases and gains momentum

• Expanding the addressable market for self-driving cars

• Timeline for commercialization and technology dissemination of self-driving cars

• Demand for solar module testing increases as solar power becomes integral to the global energy mix

• Strong demand for solar power provides environment suitable for growth of environmental test labs

• Persistent opportunities in electronics industry boost market outlook

• Telecommunications exams: high growth market

• IoT/5G creating a new wave of growth

• Network latency breakdown (in milliseconds) by network type

• Medical device safety testing drives growth opportunities

• Evaluation of product packaging durability and resilience through environmental testing

• Textile applications: a growing market

• Demand for environmental test chambers in the oil and gas industry

story continues

Company scope:

• binder

• EMCOR Group Co., Ltd.

• Angelantoni Life Sciences

• Related environmental systems

• ACMAS Technologies Co., Ltd.

• Bionics Scientific Technologies Private Limited

• Cincinnati Subzero Products LLC

• Jivitre instrument

• ESPEC Co., Ltd.

• Atlas material testing technology

• Haida International Equipment Co., Ltd.

• Enbisys Technologies

• DGBELL

• CTS Climate Temperature System

• Fri della marca

Key attributes:

For more information about this report, please visit https://www.researchandmarkets.com/r/mrmu2y.

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