Report ID: SQSG20I2001
Report ID:
SQSG20I2001 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
70 |
Figures:
75
The Global Environmental Test Chambers Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the Asia-Pacific region is projected to hold the most substantial share of the market. The regional Environmental Test Chambers Market is likely to be driven by the higher demand for these chambers across the major economies in the region, such as China and India. The factors that upsurge the demand across these economies are the rapid industrialization, and urbanization in these economies.
The rise in the end-user industries in the region is at a fast pace, due to which there arises a significant market demand. On the other hand, there has been increased consumer awareness regarding the importance of quality products. Environmental test chambers play a vital role in testing the effects of specified environmental conditions on industrial products, biological items, electronic devices/components, and materials. Favorable government initiatives and regulations in Asian countries also positively influence the growth of the Environmental Test Chambers Market. For instance, in January 2019, the Chinese government extended its fixed-asset investment in the civil aviation sector to approximately USD 12.4 billion in 2019. Whereas, in May 2019, the Food Safety and Standards Authority of India (FSSAI) has invested USD 72.3 million in fortifying the food testing infrastructure in India, upgrading 59 existing food testing laboratories, and setting up around 62 new mobile testing labs. Thus, the demand for these chambers in most APAC countries is likely to increase in the near future.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONEnvironmental Test Chambers Market size was valued at USD 938.2 million in 2019 and is poised to grow from USD 957.9 million in 2023 to USD 1154.92 million by 2031, growing at a CAGR of 2.1% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG20I2001