Households are a new, growing market for environmental monitoring services.
San Francisco, CA (PRWEB) June 12, 2013
The environmental protection sector in China has developed rapidly during the past five years, due to continuous capital investment and increasing public and government concerns on environmental pollution. Over the past five years, revenue for the Environmental Monitoring industry in China is estimated to have increased 17.8% annually, says IBISWorld.
Environmental monitoring and testing are regarded as important complementary services to other businesses, such as environmental engineering, evaluation and consulting. Many large-scale enterprises within this industry are invested by large industrial corporations with the purpose of dealing with their own pollution problems. For example, Guohua Ebara Environmental Engineering, a major player in the industry, mainly focuses on environmental monitoring of power generation industries, while Beijing Feiyan Petrochemical Environmental Protection, the fourth-largest firm in this industry, is mainly engaged in environmental monitoring within petrochemical industries. In recent years, however, market demand has expanded to household services, such as monitoring of indoor air, noise and light pollution. In addition, the testing scope has expanded from water, air and noise to indoor air, ecology, soil, waste solids, acid rain and radiation, says IBISWorld.
The Environmental Monitoring Services industry in China has a low level of concentration with the top four companies accounting for about 20.0% of industry revenue in 2013, down from 25.0% in 2007 due to increasing industry competition. This industry is still in the growth stage of its life cycle with a short development history and limited commercialization. Most environmental monitoring activities are still conducted by the government agencies. Additionally, enterprises usually operate within certain product and market segments and limited geographic areas.
The Chinese government is bringing more commercial reform to this industry to deal with the capital shortage problem and to improve efficiency, says IBISWorld. This industry will gradually be opened to foreign investors as the whole environmental protection sector in China is subject to an increasing level of globalization. More foreign capital and advanced technology and equipment will be introduced, which will benefit the development of this industry.
For more information, visit IBISWorld’s Environmental Monitoring in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Environmental Monitoring industry in China is engaged in monitoring and testing activities for various kinds of environmental elements, ecological system items, and liquid, gas, solid, radiation and other pollutants. The activities of environmental monitoring stations are not included in this report.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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.