PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/12/11 - New analysis from Frost & Sullivan, North American Analytical Instrumentation and Services Markets in Environmental Testing, finds that the market earned revenues of $346.6 million in 2006 and estimates this to reach $493.3 million in 2013.
The need to comply with stringent environmental rules and regulations drives companies to invest in analytical instrumentation and services for environmental testing. Government and municipal authorities increasingly recognize the effect of environmental degradation on the economy and have begun to strictly enforce laws.
New analysis from Frost & Sullivan (testandmeasurement.frost.com), North American Analytical Instrumentation and Services Markets in Environmental Testing, finds that the market earned revenues of $346.6 million in 2006 and estimates this to reach $493.3 million in 2013.
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Unlike laboratories that experience seasonal changes in the number of samples tested, environmental laboratories regularly test samples every month. This regularity guarantees perennial demand for environmental test equipment.
To satisfy citizens’ concerns about the quality of air and water, the U.S. Government passed several environmental regulations. For instance, the Clean Air Act of 1990 lists the guidelines and framework for ensuring clean air.
European regulations such as the Waste of Electrical and Electronic Equipment (WEEE) and Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS) will also have a direct impact on the North American market.
American regulations such as the Clean Water Act of 1977 have encouraged analytical instrumentation companies to launch a wide range of devices for monitoring and evaluating air and water samples.
“The demand for environmental analytical instrumentation arises mainly from government, contract laboratories, and other research organizations,” says Frost & Sullivan Research Analyst Vijay Mathew. “Apart from testing drinking water and monitoring air quality, these instruments are used for analyzing and testing wastewater from a wide range of industries including chemical, pharmaceutical, biomedical, and petrochemicals.”
However, the increasing cost of conducting environmental research decreases end users’ profit margins. Therefore, market vendors look to provide solutions that will help end users lower their costs. Vendors understand that laboratories need to improve throughput and reliability to become productive as well as efficient.
“Market participants can help achieve this by providing instrumentation that can speed up the laboratory process, thereby improving throughput,” notes Mathew. “As this market witnesses the evolution of technology towards more automation, vendors will need to design easy-to-use equipment with suitable solutions for data processing and handling.”
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