Global Environmental Test Chambers Strategic Business Report 2023: Strong Rise in Pharmaceutical Sales to Drive Focus on Stability Testing


Dublin, April 11, 2023 (GLOBE NEWSWIRE) -- The "Environmental Test Chambers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Environmental Test Chambers estimated at US$775 Million in the year 2022, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030.

Temperature & Humidity, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach US$419.9 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Customized segment is readjusted to a revised 3.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $181.8 Million, While China is Forecast to Grow at 4.4% CAGR

The Environmental Test Chambers market in the U.S. is estimated at US$181.8 Million in the year 2022. 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 4.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Select Competitors (Total 76 Featured) -

  • Angelantoni Test Technologies S.R.L
  • Binder GmbH
  • Climatic Testing Systems, Inc.
  • Climats
  • CM Envirosystems Private Limited
  • Controlled Environments Limited
  • Eckel Noise Control Technologies
  • EMCOR Group Inc.
  • Envsin Instrument Equipment Co., Ltd.
  • ESPEC Corporation
  • Hanse Environmental Inc.
  • Hastest Solutions Inc.
  • Konrad Technologies GmbH
  • Memmert GmbH + Co. KG
  • Presto Group
  • Russells Technical Products
  • Scientific Climate Systems
  • Terra Universal. Inc.
  • Thermal Product Solutions
  • Thermotron Industries
  • Weiss Technik UK Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages387
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$775 Million
Forecasted Market Value (USD) by 2030$1000 Million
Compound Annual Growth Rate3.2%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 Country 2020 2021 2022
  • Environmental Test Chamber Businesses Resume Activity Following COVID-19-Induced Downswing
  • Environmental Test Chambers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Environmental Test Chambers : A Prelude
  • Working Principle
  • Major Use Cases of Environmental Test Chambers
  • Types of Environmental Test Chambers
  • Applications of Environmental Testing Chambers
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Stability Testing Remains Indispensable Aspect of Pharmaceutical Industry
  • Strong Rise in Pharmaceutical Sales to Drive Focus on Stability Testing
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2022 & 2025
  • 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: Global Market for Consumer Electronics (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2018, 2022 and 2025
  • Growing Number of Electronic Components in High-End Industries Likely to Drive Demand for Customized Chamber
  • Aersopace and Defense: A Major End-Use Market for Environmental Test Chambers
  • Staged Recovery in Aviation Sector to Drive Resurgence in Demand
  • Global Airlines Performance by Region: 2020 Vs 2019
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • New Satellite Launches and Rising Space Activities Flare Up Demand
  • Number of Satellites in Orbit as of January 2021
  • Number of Satellite Launches 2001-2019
  • Environmental Testing Chambers: An Important Facet of Automotive Industry
  • Basic Variables in Automotive Climate Testing
  • Revival in Automotive Industry to Drive Gains
  • World Automobile Production in Million Units: 2008-2022
  • Rise in Demand for Electric Vehicles (EVs) and Hybrid Vehicles to Drive Momen
  • Global EV Sales for the Years 2020 and 2025
  • Autonomous Vehicles to Widen the Addressable Market
  • Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • 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: Global Demand for Solar Photovoltaic Power (In Gigawatts) for Years 2020, 2022, 2024 & 2026
  • Sustained Opportunities in Electronics Industry Boost Market Prospects
  • Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Telecommunications Testing: A High Growth Market
  • IoT/5G to Instigate New Wave of Growth
  • Number of 5G Connections Worldwide (in Million): 2020-2025
  • Breakdown of Network Latency (In Milliseconds) by Network Type
  • Safety Testing of Medical Devices Spur Growth Opportunities
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Assessing Durability & Resilience of Product Packaging with Environmental Testing
  • Textile Applications: An Expanding Market
  • Demand for Environmental Test Chambers in Oil and Gas industry

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gkimtp

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Global Market for Environmental Test Chambers

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