Frost: Gov't Regulations Boost Demand for Environmental Testing Instrumentation
January 14, 2008 // Published as a news service by IHS
| |
| IHS Sells Standards & Regulations |
Environment/Health/Safety solutions from IHS include current & historical codes, regs & standards from gov't, int'l & industry sources.
Complete this form for a free quote. |
|
To meet the demands of 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), companies are investing in analytical instrumentation and services for environmental testing.
Recent analysis from Frost & Sullivan of the North American analytical instrumentation and services markets in environmental testing found earned revenues of $346.6 million in 2006, with estimates to reach $493.3 million in 2013.
Unlike laboratories that experience seasonal changes in the number of samples tested, environmental laboratories test samples every month. Analysts said this regularity guarantees perennial demand for environmental test equipment.
'The demand for environmental analytical instrumentation arises mainly from government, contract laboratories and other research organizations," said 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."
Yet the increasing cost of conducting environmental research decreases end-users' profit margins, analysts said. As a result, 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," said Mathew. "As this market witnesses the evolution of technology toward more automation, vendors will need to design easy-to-use equipment with suitable solutions for data processing and handling."
Source: Frost & Sullivan.