APAC to hold largest size of environmental test chambers market during forecast period

The environmental test chambers market is estimated to grow from USD 842 million in 2019 to USD 938 million by 2024 at a CAGR of 2.18%. The major drivers for this market include the increase in number of regulations in industries such as aerospace and defense, and automotive; growing requirement of monitoring the effects of various stress factors; and supportive government initiatives.

APAC is expected to account for the largest share of the market by 2019. Many economically advanced countries have their manufacturing units in the developing economies of APAC, especially China and India. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle class. Moreover, consumer awareness about the importance of quality products is growing in this region. Environmental test chambers play a major role in testing the effects of specified environmental conditions on biological items, industrial products, electronic devices/components, and materials. Thus, the demand for these chambers in most APAC countries is likely to increase in the coming years.

• Download PDF Brochure:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228

The companies profiled in this report are ESPEC (Japan), Thermotron Industries (US), Weiss Technik UK (Germany), Binder GmbH (Germany), Cincinnati Sub-Zero Products, Inc. (US), Angelantoni Test Technologies S.r.l. (Italy), Memmert GmbH + Co. Kg (Germany), Climats (France), Russells Technical Products (US), Thermal Product Solutions (South Korea), Climatic Testing Systems, Inc. (US), Hastest Solutions Inc. (US), Hanse Environmental Inc. (US), CM Envirosystems Pvt. Ltd. (India), Envsin Instrument Equipment Co. Ltd. (China), Scientific Climate Systems (US), Presto Group (India), Bahnson Environmental Specialties LLC (US), Eckel Noise Control Technologies (US), and Konrad Technologies GmbH (Germany).

The temperature and humidity chambers are expected to hold the largest share of the environmental test chambers market by 2024. The environmental test chambers manufacturers majorly produce temperature and humidity chambers as a standard product or catalog product used for steady-state stability testing, basic temperature cycling, and accelerated stress testing of products or components associated with industries. A temperature and humidity chamber is essential for evaluating potential success or failure of a product in the field.

The environmental test chamber market for the automotive industry is expected to grow at the fastest CAGR by 2024. Growing production of automobiles across countries is likely to raise the demand for testing capabilities for a variety of components including seat belts, electronics, airbags, engines, lithium-ion batteries, and so on. Testing of automotive components and automobile is carried out in testing laboratories and manufacturing centers to help manufacturers improve the marketability of their products and reduce costs in the preproduction phase. Thus, the automotive industry is likely to witness increasing demand for environmental test chambers during the forecast period.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.