The "Saudi Arabia Environmental Testing Market | Trends, Size, Forecast, Analysis, Growth, Share, Revenue, Value, Industry & Companies: Market Forecast By Sample, By Technology, By Target Tested And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia environmental testing market has experienced steady growth, primarily driven by the environmental regulations, construction industry's expansion, generating over $ 23.92 billion construction contractor awards in 2023.
This growth is expected to continue, supported by ongoing construction momentum and country focus focused on enhancing its wastewater management capabilities, and the growth of oil & gas sector which is further going to increase the emission of greenhouse gases which will eventually increase the need of environmental testing. Initiatives like the Environmental Impact Assessment and Saudi Green Initiative significantly influences environmental testing demand through various interconnected factors, including regulatory compliance, sustainability goals, sector-specific requirements.
Saudi Arabia's Environmental Testing Market size is projected to grow at a CAGR of 4.6% during 2024-2030F. The anticipated significant growth in the environment market is closely tied to the thriving construction, wastewater management and oil & gas sector. Rising construction projects, including Neom, Diriyah Gate Project, and the Red Sea Project, are reshaping the landscape are set for development set, are driving increased demand for environmental testing.
Moreover, the growth of the oil and gas sector in Saudi Arabia is significantly influencing the global energy landscape, driven by a rising population and increased energy demand in emerging Asian economies.
With 268 million barrels of oil reserves and 9.5 trillion cubic feet of gas reserves, Saudi Arabia's low production costs position it as a dominant player in the industry. From 2022 to 2030, the country's production capacity is expected to grow at 1.8 times the global rate, underscoring its pivotal role in global energy supply. The government's commitment to wastewater management development, and it is working towards the ambitious goal of 100% network coverage by 2030, driving the demand for environmental testing in Saudi Arabia.
Market Segmentation By Sample
By Sample, water segment should be the focus segment for new entrants in the market, as it is expected to exhibit the fastest growth on account of its wide use in several industries such as oil & gas sector and construction as well as government initiatives to promote the wastewater management sector.
Market Segmentation By Target Tested
By target tested, organic compound segment segment should be the focus segment for new entrants in the market, as it is expected to exhibit the fastest growth owing to industrial expansion, stricter regulations, sustainability initiatives, public awareness, and advancements in testing technologies.
Market Segmentation By Technology
By Technology, rapid testing segment should be the focus segment for new entrants in the market, as it is expected to exhibit the fastest growth due to increased demand, efficiency, real-time monitoring needs, technological advancements, and alignment with sustainability goals.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Sample
- Wastewater/Effluent
- Soil
- Water
- Air
By Technology
- Conventional
- Rapid
By Target Tested
- Microbial Contamination
- Organic Compounds
- Heavy Metals
- Residues Solid
Companies Profiled
- SGS Societe Generale de Surveillance SA
- Environment Testing & Laboratories Company
- Advanced Construction Technology Services
- Monitoring Point Environmental Services
- ACES
- ALS Global Ltd.
- Geo Chem Middle East
- AGQ Labs
- Eurofins Scientific
- Intertek Testing
- Gulf Business Network
- Element Material Technology
Key Highlights of the Report:
- Saudi Arabia Environmental Testing Market Overview
- Saudi Arabia Environmental Testing Market Outlook
- Saudi Arabia Environmental Testing Market Forecast
- Historical Data and Forecast of Saudi Arabia Environmental Testing Market Revenues for the Period 2020-2030F
- Historical Data and Forecast of Saudi Arabia Environmental Testing Market Revenues, By Sample, for the Period 2020-2030F
- Historical Data and Forecast of Saudi Arabia Environmental Testing Market Revenues, By Technology, for the Period 2020-2030F
- Historical Data and Forecast of Saudi Arabia Environmental Testing Market Revenues, By Target Tested, for the Period 2020-2030F
- Region-wise Porter's Five Force Analysis
- Saudi Arabia Environmental Testing Market Drivers and Restraints
- Saudi Arabia Environmental Testing Market Trends and Evolution
- Market Opportunity Assessment, By Sample
- Market Opportunity Assessment, By Technology
- Market Opportunity Assessment, By Target Tested
- Modern Offices - Consumer Survey
- Saudi Arabia Environmental Testing Market Revenue Share, By Companies
- Saudi Arabia Environmental Testing Market Volume Share, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/l0f3rw
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