Environmental Test Chambers Sector: Growth Drivers and Challenges
Growth Drivers
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Technological advancement: With the integration of AI and IoT into environmental test chambers, the tests carried out have become more accurate and swifter with the least human interference. Real-time monitoring and analysis of test data are possible with the advancement in these technologies and propel the market. In April 2022, the AR Series by ESPEC CORP portrayed an environmental stress chamber that showed 21% lower power consumption and achieved GWP standards, which intends to be the advancement that contributes to the growth.
- Rising product quality standards: As global standards related to product safety continue to rise, especially for industries including, automotive and electronics, the demand for accurate and reliable test equipment is also growing. The need to fulfill such standards hastens the application of technologically innovative environmental test chambers. For example, Binder released new cell and module test chambers in 2020 that are capable of fulfilling such safety standards as Eucar/Hazard Level 4, safely testing high-risk products.
- Government support for the testing of clean energy: Governments worldwide are promoting investments in environmental chambers to test energy-efficient technologies, especially HVAC systems. For example, in 2019, PNNL received funds from Washington State to install environmental chambers related to clean energy research. This emphasizes government involvement in market growth by infusing money into infrastructure development.
Challenges
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Regulatory compliance complexity: The increasingly complex and varied regulations across different countries are a significant challenge for manufacturers of environmental test chambers. Constantly evolving standards require companies to stay agile and adapt to ensure their products remain compliant. This adds operational strain and can slow down product development, especially for businesses targeting global markets. Issues related to compliance also pose a challenge to market growth due to the increase in costs and complications in test procedures that come with continuous updating, necessary to meet regulatory requirements.
- Supply chain disruptions: The environmental test chambers market has witnessed considerable disruption in supply, mostly resulting from recent global events such as the COVID-19 pandemic and ongoing geopolitical tensions. These events have delayed the delivery of important components, lengthened lead times for production, and further increased costs consequent upon these delays.
Environmental Test Chambers Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
3.1% |
|
Base Year Market Size (2024) |
USD 1.11 billion |
|
Forecast Year Market Size (2037) |
USD 1.65 billion |
|
Regional Scope |
|