$2.4bn
$XX.Xbn
12,942
1,864
$X.Xbn
Companies in the Water and Air Quality Testing Services industry test water and air quality, including pH tests and tests to detect the presence of substances like asbestos, bacteria, heavy metals and pesticides. Industry revenue depends on new construction, government regulation and government funding, and consumer and business spending. Over the past five years, growing downstream demand has generated revenue growth for industry companies. Moreover, most companies have long-term client contracts and experience steady demand due to quality regulation. In 2020, however, business activity crashed amid COVID-19, resulting in a contraction in downstream demand from industrial and consumer goods sectors that caused a sizable revenue contraction. IBISWorld expects revenue to expand over the five years to 2023 at a CAGR of 0.1% to $2.3 billion, while stagnating in 2023 alone.Growing construction activity benefits this industry because residential, industrial and commercial buildings are required by law to test the water and air quality on their premises. For example, certain structures require testing for asbestos, mold and other materials that are dangerous to human health. During the period, increased demand from water and sewer line systems has also boosted industry revenue as more systems have required air and water quality testing services for government-regulated safety standards. Meanwhile, in light of the water quality crisis in Flint, MI, demand for water testing, particularly for lead, has increased from municipal governments and regulatory bodies throughout the country.Through 2028, the industry will continue growing in line with healthy construction markets and sustained demand for testing services. Infrastructure spending will rise, further boosting demand for testing services. If municipal governments continue prioritizing water and air quality, more cities will invest in water systems testing and infrastructure upgrades. Testing companies will be essential in feasibility studies and post-completion environmental analysis. Over the past five years, industry revenue is expected to rise at a CAGR of 2.2% to $2.6 billion. Likewise, profit margins have recovered to pre-pandemic levels amidst favorable downstream demand conditions.
Industry revenue has declined at a CAGR of 1.0 % over the past five years, to reach an estimated $2.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Culligan International Co | 1,325.8 | 114.2 | 8.6 |
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Industry revenue is measured across several distinct product and services lines, including Asbestos testing, Air quality testing and Water quality testing. Asbestos testing is the largest segment of the Water & Air Quality Testing Services in the US.
Water quality testing represents the industry's largest service segment
The Water and Air Quality Testing Services industry tests water and air for pH levels and the presence of asbestos and other substances, such as bacteria, mold, nitrates, mercury, pesticides, volatile organic compounds and inorganic chemicals.
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NAICS 54138 - Water & Air Quality Testing Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Quality, health, safety and environmental issues are important to clients in this industry. Therefore, water and air quality testing can be used at various steps in the indus...
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Establishments are primarily concentrated in the Southeast, West and Great Lakes regions. The spread of establishments in this industry is closely tied to the location of lar...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Obtaining an accreditation can help laboratory testing operators retain clients and gain new business. Customers favor laboratories that have accreditation because they rely ...
Learn about the performance of the top companies in the industry.
Culligan is the only company that accounts for more than 5.0% of industry revenue. The company specializes in water treatment and also provides water testing services.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Water and Air Quality Testing Services industry is not subject to government funding or tax breaks. However, the industry has benefited from the board support provided by...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cleaning costs for the industry are high due to handling toxic and chemical substances, which require specialized disposal methods. Other costs also include license renewals ...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Water & Air Quality Testing Services in the US industry in United States is $2.4bn in 2024.
There are 1,864 businesses in the Water & Air Quality Testing Services in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Water & Air Quality Testing Services in the US industry in United States has been declining at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Water & Air Quality Testing Services in the US industry in United States is expected to grow.
The biggest company operating in the Water & Air Quality Testing Services market in United States is Culligan International Co
Asbestos testing and Water quality testing are part of the Water & Air Quality Testing Services in the US industry.
The company holding the most market share in United States is Culligan International Co.
The level of competition is moderate and increasing in the Water & Air Quality Testing Services in the US industry in United States.