Water & Air Quality Testing Services
Revenue for the Water and Air Quality Testing Services industry is dependent on new construction, government regulation and government funding as well as consumer and business spending. Over the past five years, growing downstream demand has resulted in revenue growth for industry operators. Growing construction activity benefits this industry because residential, industrial and commercial buildings are required by law to test the water and air quality on their premises. For example, certain structures require testing for asbestos, mold and other materials that are dangerous to human health. Increased demand from water and sewer line systems during the period has also boosted industry revenue as a greater number of systems have required air and water quality testing services for government-regulated safety standards. Over the next five years, the industry will continue to grow due to a healthy construction market and sustained demand for industry services. Infrastructure spending is expected to rise, boosting demand for testing services.
The Water and Air Quality Testing Services industry tests water and air for pH levels and the presence of asbestos and other substances, such as bacteria, 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.
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