Environmental Science Services in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) November 27, 2014 -- Operators in the Environmental Science Services industry in Australia provide a range of testing services to various businesses. Testing services include geotechnical modelling for stress analysis (provided to the Mining division), meteorological services and weather station operation for the Bureau of Meteorology and material testing for the Manufacturing division. These services are required by a range of industries including the Mining division and a range of other industries that make significant investment into research and development. The Environmental Science Services industry is expected grow steadily over the five years through 2014-15. According to IBISWorld industry analyst Claudia Burgio-Ficca, “revenue growth has been supported by continued activity across the Mining division.” Record investment into mining has fuelled demand for industry services, notably geotechnical modelling and metallurgical laboratory analysis of ore samples. The industry also benefited from an increase in demand from water supply, sewerage and drainage services and the agriculture sector. Over the five years through 2014-15, industry revenue is estimated to grow at a compound annual rate of 2.0%. Revenue is forecast to rise by 1.3% in 2014-15 to reach $4.9 billion.
Over the past five years, revenue growth has been hindered by static demand from scientific research services. “Cuts to government funding, slower growth across the global economy and weaker levels of private research have reduced demand for testing and analysis services,” says Burgio-Ficca. Weaker demand from the Manufacturing division also hampered revenue during this period. Despite this, revenue growth has been aided by a shift towards greater outsourcing of testing and services, which have previously been carried out in-house. The industry displays a low level of market share concentration. Major players include ALS Limited, SGS Australia Holdings Pty Limited and Bureau Veritas Australia Pty Ltd.
Growth is projected to stem from increased demand for a range of scientific research services including biotechnology and agriculture testing and services. A tightening of pollution control regulations due to growing environmental awareness is expected to generate revenue opportunities for Environmental Science Services industry operators. Demand for testing and analysis services are also likely to be aided by continued advances in technology, which are projected to improve testing methods and lead to growth in the range of testing services offered by operators.
For more information, visit IBISWorld’s Environmental Science Services industry in Australia report page.
Operators in the industry primarily provide scientific testing services for the agricultural, mining, manufacturing and construction divisions or collect, analyse and forecast meteorological information. Other industry segments include pollution monitoring services, forensic sciences and general laboratory operations that may undertake testing for product safety and quality.
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Executive Summary
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Current Performance
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Industry Life Cycle
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About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
Gavin Smith, IBISWorld, http://www.ibisworld.com, +61 396553838, [email protected]
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