Over the past five years, tailwinds generated by growing downstream demand have resulted in revenue growth for industry operators. IBISWorld expects overall industry revenue to grow over the five years to 2016. In light of the recent water quality crisis in Flint, MI, demand for water testing, particularly for lead, has increased in municipal governments and regulatory bodies throughout the country. However, federal government support for clean water initiatives remain tepid. Over the next five years, the industry will continue to grow due to a healthy construction market and rising industrial production. Infrastructure spending is expected to rise, boosting demand for testing services.
This industry tests water and air for asbestos and other substances, such as bacteria, pH levels, mold,
nitrates, mercury, pesticides,
volatile organic compounds and inorganic chemicals
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.