Water and Air Quality Testing Services in the US Industry Market Research Report from IBISWorld Has Been Updated

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Over the next five years, as the number of housing starts, the value of residential construction and the industrial production index continue to rise, demand for this industry will grow. For these reasons, industry research firm IBISWorld has updated a report on the Water and Air Quality Testing Services industry in its growing industry report collection.

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Industry revenue has grown as construction and industrial production have improved.

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, tailwinds generated by growing downstream demand have resulted in revenue growth for industry operators. IBISWorld expects industry revenue to grow at an annualized rate of 2.0% to $1.7 billion over the five years to 2015, including a 3.5% increase in 2015.

Over the five years to 2015, demand from construction is estimated to grow at an annualized rate of 4.5%. “Demand for construction benefits this industry as residential and commercial buildings are required by law to test the water and air quality in their premises,” according to IBISWorld Industry Analyst Zeeshan Haider. Buildings require testing for asbestos, mold and other materials that are dangerous to human health. Rapid growth of the industrial production index in the past five years has also boosted industry revenue as a greater number of manufacturing facilities required air and water quality testing services for government-regulated safety standards. In addition to improving construction markets, increased government regulation has benefited operators; workplace health and safety concerns and growing environmental regulation have boosted revenue as more businesses and individuals charter industry services to detect hazardous materials.

Increasing demand for industry services over the past five years has bolstered industry participation. IBISWorld expects the number of companies in this industry to increase at an annualized rate of 1.2% to 2,818 enterprises. “Likewise, labor has expanded as more employees are needed to operate complex machinery, handle potentially dangerous chemicals and collect samples for testing,” says Haider. Thus, industry operators spend more than 40.0% of revenue on wages.

Over the next five years, as the number of housing starts increasing, the value of residential construction and the industrial production index continue to rise, demand for this industry will grow. Furthermore, increasing infrastructure investment will boost demand for industry services, as industry operators are likely to play an important part in feasibility studies and post-completion environmental analysis.

For more information, visit IBISWorld’s Water and Air Quality Testing Services in the US industry report page.

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IBISWorld industry Report Key Topics

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 Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized 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 US 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 Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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