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Water & Air Quality Testing Services in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 01, 2024
Length 75 Pages
SKU # IBSS19493734

Description

Water & Air Quality Testing Services in the US - Industry Market Research Report


Water & Air Quality Testing Services in the US

Companies in the Water and Air Quality Testing Services industry test water and air quality, including pH tests and tests to detect the presence of substances like asbestos, bacteria, heavy metals and pesticides. Industry revenue depends on new construction, government regulation and government funding, and consumer and business spending. Over the past five years, growing downstream demand has generated revenue growth for industry companies. Moreover, most companies have long-term client contracts and experience steady demand due to quality regulation. In 2020, however, business activity crashed amid COVID-19, resulting in a contraction in downstream demand from industrial and consumer goods sectors that caused a sizable revenue contraction. IBISWorld expects revenue to expand over the five years to 2023 at a CAGR of 0.1% to $2.3 billion, while stagnating in 2023 alone.

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.

Table of Contents

75 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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