Conventional Segment by Technologies held the highest revenue share of Saudi Arabia Environmental Testing Market -6Wresearch
In 2023, the conventional segment held the majority of the revenue share in the Saudi Arabia environmental testing market due to its reliability and accuracy in analyzing various environmental samples. Many industries have invested in established testing equipment, making it cost-effective to continue using these methods. Additionally, regulatory bodies often mandate conventional techniques, ensuring consistent demand. The familiarity and ease of implementation associated with conventional technologies further reinforce their dominance in the market, as companies prioritize compliance and trusted results over the adoption of newer, unproven methods.
According to 6Wresearch, Saudi Arabia Environmental Testing Market Revenue is projected to grow at a CAGR of 7.6% during 2024E-2030. Saudi Arabia environmental testing market has witnessed growth attributed to various factors, including the increasing need of environmental regulations and environmental challenges being faced. Environment regulations like environmental impact assessment and Saudi Green Initiative are also spurring the demand for environmental testing in the country. Additionally, the emergence of major construction projects such as NEOM & Rua Almadinah, backed by a $35 billion & $37 billion investment, would drive the demand for comprehensive soil testing. The scale and scope of these projects necessitate rigorous environmental assessments to ensure that they align with sustainability goals and minimize ecological impacts.
Furthermore, infrastructure development projects and the ongoing construction boom in the country, coupled with the environmental regulations such as National Water Strategy 2030 & Saudi Green Initiative & Vision, would play a crucial role in driving the growth of the Saudi Arabia Environmental Testing Market in the upcoming years. Additionally, ongoing reforms aimed at aligning with international best practices are expected to enhance the effectiveness of Environmental Impact Assessments (EIAs) in the country, particularly under the Vision 2030 initiative.
According to Shubham Deep, Senior Research Analyst, 6Wresearch, the organic compound segment held the majority of the revenue share in the Saudi Arabia environmental testing market due to the rise in industrial activities and urbanization has increased the level of organic pollutants in air, water & soil, driving demand for testing services. Stringent environmental regulations focused on monitoring these compounds further amplify this need. Additionally, heightened public awareness of the health & environment impact of organic pollutants compels industries to prioritize compliance, leading to significant revenue growth in organic compound testing.
Saudi Arabia Environmental Testing Market (2024-2030) report provides an in-depth analysis with 16 figures and 12 tables, covered in 69 pages. The report thoroughly covers market by sample, technology, and target tested. Saudi Arabia Environmental Testing Market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Environmental Testing Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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