Fresh air: Strict government regulations and rising construction activity have benefited the industry

Revenue for the Water and Air Quality Testing Services industry is dependent on new construction, government regulation and government funding as well as consumer and business spending. Over the past five years, growing downstream demand has resulted in revenue growth for industry operators. Growing construction activity benefits this industry as residential, industrial and commercial buildings are required by law to test the water and air quality in their premises. For example, certain structures require testing for asbestos, mold and other materials that are dangerous to human health...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
1.1%
Forecast Growth 18-23
Profit
Employment
38,348
Businesses
3,539
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has grown as construction and industrial production have improved
  • Stricter regulation has forced more companies to test for hazardous materials
  • Widening demand from construction will be a significant contributor to industry growth
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Water and Air Quality Testing Services industry are high due to relatively high setup costs and fierce competition for limited contracts. Players in this industry incur high setup costs because they require specific and costly testing equipment, and new entrants will require this equipment to operate in the industry before funding and contracts have been secured. New entrants also contend with barriers due to high industry regulation that requires them to meet a variety of standards with regard to the Clean Air Act and Clean Water Act.Incumbent players are able to service clients throughout a variety of industries and, over several years, they have developed ongoing relationships with clients. The...purchase to read more.

    Additional Insights for the Water & Air Quality Testing Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Water & Air Quality Testing Services Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Value of utilities construction and Demand from water supply and irrigation systems in the Water & Air Quality Testing Services industry impact industry performance..

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    What's in this report

    What is the Water & Air Quality Testing Services Industry?

    This industry tests water and air for asbestos and other substances, such as bacteria, pH levels, mold, nitrates, mercury, pesticides, volatile organic compounds and inorganic chemicals.

    Industry Products
  • Asbestos testing
  • Air quality testing
  • Water quality testing
  • Industry Activities
  • Asbestos testing
  • Water quality testing
  • Indoor and outdoor air quality testing
  • Mold, bacteria and odor testing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of utilities construction
  • Demand from water supply and irrigation systems
  • Local and state government investment
  • Corporate profit

  • Current Performance
  • Construction resurgence
  • Industrial production
  • Regulation stimulates growth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction and industrial production
  • Growing regulation
  • Industry expansion
  • Table: Water & Air Quality Testing Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Water & Air Quality Testing Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Water Supply & Irrigation Systems
  • Construction
  • Manufacturing
  • Environmental Consulting

  • Key Selling Industries
  • Glass Product Manufacturing
  • Inorganic Chemical Manufacturing
  • Laboratory Supply Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • Water quality testing
  • Air quality testing
  • Asbestos testing
  • Chart: Water & Air Quality Testing Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other companies
  • Governmental organizations
  • Engineering companies
  • Construction companies
  • Household consumers and individuals
  • Architecture companies
  • Non-profit organizations
  • Chart: Major Market Segmentation for the Water & Air Quality Testing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Water & Air Quality Testing Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Water & Air Quality Testing Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Water & Air Quality Testing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Water & Air Quality Testing Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Demand from construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Asbestos
  • A group of naturally occurring minerals used in certain products (i.e. building materials) to resist heat and corrosion.
  • Mold
  • A growth of fungi in the form of multicellular filaments.
  • Ph
  • The measure of the acidity or basicity of an aqueous solution.
  • What Our Customers Say

    Why buy this report?

    The Water & Air Quality Testing Services industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Water & Air Quality Testing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Water & Air Quality Testing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Water & Air Quality Testing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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