What are the major strategies adopted by the key players to sustain in the environmental test chambers market?

Environmental Test Chambers Market by Type (Temperature and Humidity Chambers, Customized Chambers, Thermal Shock Chambers), Industry (Aerospace and Defense, Automotive, Telecommunications and Electronics), and Geography – Global Forecast to 2024

An environmental chamber, also known as a climatic or climate chamber, is an enclosure used to test the effects of specified environmental conditions on biological items, industrial products, materials, and electronic devices/components.

The environmental test chambers market is estimated to grow from USD 842 million in 2019 to USD 938 million by 2024 at a CAGR of 2.18%. The major drivers for this market include the increase in number of regulations in industries such as aerospace and defense, and automotive; increasing requirement of monitoring the effect of various stress factors; and supportive government initiatives.

• Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228

However, shorter product lifecycle and fast-changing testing requirements are the major restraints for the growth of the environmental test chambers market. Also, the market players face challenges in terms of the high development cost associated with environmental test chambers.

The environmental test chambers market is highly competitive with a large number of market players. Product launches and developments have been the most prominent strategies followed by the key industry players in recent years. Moreover, acquisitions, partnerships and collaborations, and agreements are other major growth strategies followed by the companies in the environmental test chambers. Key market players following these strategies are ESPEC (Japan), Thermotron Industries (US), Weiss Technik UK (Germany), Binder GmbH (Germany), Cincinnati Sub-Zero Products, Inc. (US), and Angelantoni Test Technologies S.r.l. (Italy), among others.

ESPEC is among the major player in environmental test chambers market. ESPEC manufactures and sells environmental test chambers, energy devices, semiconductors, and flat panel display (FPD) equipment. The company has a strong presence in the in most of the industries it operates, such as automotive and aerospace and defense. It provides high-quality chambers to customers with the commitment of “anytime and anywhere” availability.

ESPEC supports innovation in the industry by providing support to small and midsized enterprises (SMEs), as well as large corporations to execute projects in the field of automotive, aerospace, and electronics. The company is strategically adopting and deploying its solutions, and implementing business strategies to gain worldwide acceptance and maintain its reputation. For instance, in January 2018, ESPEC CORP. (Japan) completed the acquisition of QUALMARK CORPORATION (US), which provides manufacturing, sales, and after-sales services for HALT and HASS environmental test chambers.

Thermotron is one of the world’s leading environmental test chamber providers. It offers a comprehensive product portfolio including environmental test equipment, screening and simulation equipment, vibration test systems, and functional test systems and integration. The company adopted product launch and acquisition as major strategies to expand its business footprint.

For instance, in January 2018, Venturedyne, Ltd. (US), a holding company for Thermotron Industries (US), acquired Lakewood Fab Tech (US) to increase Thermotron’s production capacity. This acquisition not only strengthened the company’s business operations in the US but also consolidated its position in North America.

Share this post:

Related Posts

Comments are closed.