Environmental Test Chambers Market
Dublin, May 17, 2024 (GLOBE NEWSWIRE) — The “Environmental Test Chambers – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Environmental Test Chambers estimated at US$793.9 Million in the year 2023, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030.
Temperature & Humidity Test Chambers, one of the segments analyzed in the report, is projected to record 3.2% CAGR and reach US$419.9 Million by the end of the analysis period. Growth in the Customized Test Chambers segment is estimated at 3.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $185.7 Million, While China is Forecast to Grow at 3.9% CAGR
The Environmental Test Chambers market in the U.S. is estimated at US$185.7 Million in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$238.2 Million by the year 2030 trailing a CAGR of 3.9% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Key Market Trends & Drivers
Stability Testing Remains Indispensable Aspect of Pharmaceutical Industry
Strong Rise in Pharmaceutical Sales to Drive Focus on Stability Testing
Rise in Number of Regulations Across Industries for Safety and Reliability of Products Augurs Well for Market Growth
Environmental Test Chambers Continue Gaining Prominence in Battery Testing Domain
Rising Significance of Battery Testing
Battery Powered Consumer Electronics to Spur Demand for Battery Test Chambers
Growing Number of Electronic Components in High-End Industries Likely to Drive Demand for Customized Chamber
Aerospace and Defense: A Major End-Use Market for Environmental Test Chambers
New Satellite Launches and Rising Space Activities Flare Up Demand
Environmental Testing Chambers: An Important Facet of Automotive Industry
Basic Variables in Automotive Climate Testing
Revival in Automotive Industry to Drive Gains
Rise in Demand for Electric Vehicles (EVs) and Hybrid Vehicles to Drive Momentum
Autonomous Vehicles to Widen the Addressable Market
Autonomous Vehicles Commercialization & Technology Penetration Timeline
Demand for Testing Solar Modules Increases as Solar Power Becomes Indispensable to Global Energy Mix
Strong Demand for Solar Power Provides a Fertile Environment for the Growth of Environmental Test Chambers
Sustained Opportunities in Electronics Industry Boost Market Prospects
Telecommunications Testing: A High Growth Market
IoT/5G to Instigate New Wave of Growth
Breakdown of Network Latency (In Milliseconds) by Network Type
Safety Testing of Medical Devices Spur Growth Opportunities
Assessing Durability & Resilience of Product Packaging with Environmental Testing
Textile Applications: An Expanding Market
Demand for Environmental Test Chambers in Oil and Gas industry
Company Coverage:
Binder
EMCOR Group, Inc.
Angelantoni Life Science
Associated Environmental Systems
ACMAS Technologies Pvt., Ltd.
Bionics Scientific Technologies Pvt., Ltd.
Cincinnati Sub-Zero Products, LLC
Gibitre Instruments
ESPEC Corporation
Atlas Material Testing Technology
Haida International Equipment Co.
Envisys Technologies
DGBELL
CTS Clima Temperatur Systeme
F.lli Della Marca
Key Attributes:
Report Attribute | Details |
No. of Pages | 387 |
Forecast Period | 2023 – 2030 |
Estimated Market Value (USD) in 2023 | $793.9 Million |
Forecasted Market Value (USD) by 2030 | $1000 Million |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/mrmu2y
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