Market Segmentation of the Soil Testing Equipment Market: By Product Type, End-User, and Region by 2028
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Market Size – USD 3.82 Billion in 2020, Market Growth – at a CAGR of 10.4%, Market Trends – Technological advancements in soil testing equipment
VANCOUVER, BRITISH COLUMBIA, CANADA, June 29, 2023/EINPresswire.com/ -- The global soil testing equipment market size is expected to reach USD 8.36 Billion in 2028 and register a steady CAGR over the forecast period, according to the the latest analysis by Emergen Research. Steady market revenue growth can be attributed to the the growing utilization of soil testing equipment in the construction sector. Increasing construction activities in developing countries,, the responsibility to ensure safe construction,, and the the need for reliable geotechnical soil investigation are contributing to increasing demand for and use of soil testing equipment in the construction sector globally. Structural engineers opt for mandatory soil testing to determine weight bearing capacity and structure stabilization on soil.
The soil testing equipment market refers to the industry involved in the manufacturing, distribution, and sale of equipment and instruments used for testing and analyzing soil samples. These tools are utilized by various professionals, including agronomists, geologists, environmental scientists, and researchers, to assess the physical, chemical, and biological properties of soil.
Soil testing plays a crucial role in agriculture, construction, land development, and environmental studies. By examining soil samples, experts can determine its fertility, nutrient content, pH levels, moisture retention capacity, compaction, and other relevant characteristics. This information helps farmers optimize crop yields, land planners design suitable foundations, and environmentalists assess soil health and pollution levels.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Soil Testing Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Agilent Technologies, Thermo Fisher Scientific, Merck Group, PerkinElmer, Controls S.p.A., LaMotte Company, Inc., Geotechnical Testing Equipment UK Ltd., Sun Labtek Equipment (I) Pvt. Ltd., Martin Lishman Ltd., and S.W. Cole
Research Report on the Soil Testing Equipment Market Addresses the Following Key Questions:
Who are the dominant players of the Soil Testing Equipment market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Soil Testing Equipment market?
What are the key growth drivers and restraining factors of the Soil Testing Equipment market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Soil Testing Equipment market and its key segments?
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Some Key Highlights from the Report
In June 2020, Agilent Technologies announced the launch of two new mass spectrometry (MS) products namely the Agilent 6470B Triple Quadrupole LC/MC (6470 LC/TQ) system and the Agilent Rapid Fire 400 system. Both the systems deliver faster detection of target compounds providing customers increased sample throughput and reduced time to generate results.
Residual segment accounted for largest revenue share in 2020. Growing awareness among consumers regarding negative effects of chemical residues such as fertilizers and pesticides in fruits and vegetables is driving need for soil testing.
Laboratory segment revenue is expected to expand at a rapid CAGR during the forecast period. Geotechnical laboratories for research and development are increasingly utilizing more advanced equipment to improve soil testing accuracy.
Construction segment accounted for a significantly large revenue share in the soil testing equipment market in 2020. Rising need to prevent building collapse caused due to lack of geotechnical soil investigation is expected to increase demand for soil testing equipment in the construction sector.
North America accounted for largest revenue share contribution to the global soil testing equipment market in 2020. Increasing investment by major players in the region for launch of more technologically advanced soil testing equipment is projected to drive market growth.
Market Segmentations of the Soil Testing Equipment Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Soil Testing Equipment market on the basis of product, application, and region:
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2018–2028)
Chemical
Physical
Residual
Site Outlook (Revenue, USD Billion; 2018–2028)
On-site
Laboratory
End-use Outlook (Revenue, USD Billion; 2018–2028)
Construction
Agriculture
Others
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Regional Landscape section of the Soil Testing Equipment report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Soil Testing Equipment Market report:
The latest report comprehensively studies the global Soil Testing Equipment market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Soil Testing Equipment Market report is an exhaustive database that will help readers formulate lucrative strategies. The Soil Testing Equipment Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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