Environmental Test Chambers Market - Global Forecast to 2024
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.
Temperature and humidity chambers to hold largest share of environmental test chambers market by 2024The 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.
Automotive industry to register fastest CAGR in environmental test chamber market during forecast periodThe 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.
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APAC to account for largest size of overall market during forecast periodAPAC is the major contributor to the total size of the environmental test chambers market. 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.
Key market playersCompanies 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).
ESPEC (Japan) is one of the leading players in the environmental test chambers market. ESPEC is engaged in the manufacturing and sales of environmental test chambers, energy devices, semiconductors, and flat panel display (FPD) equipment. The company has a strong presence in most of the industries it operates such as automotive and aerospace, and defense. The company provides high-quality chambers to customers with the commitment of "anytime and anywhere" availability. ESPEC supports innovation in the industry by providing support to small and midsized enterprises (SMEs), as well as large corporations to execute projects in the field of automotive, aerospace, and electronics. The company is strategically adopting and implementing its solutions to gain worldwide acceptance and maintain its reputation
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