Electrical & Electronics Testing, Inspection, & Certification Market to reach USD 157.63 Billion, with an 5.17% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Dec 21, 2022
Market research future insight:
Compliance testing, auditing, inspection, quality assurance, and certification services are all included in the electrical and electronic testing, inspection, and certification (TIC) services. Businesses operating in a variety of industrial sectors use these services to increase the productivity and effectiveness of manufacturing processes to make sure that manufacturers adhere to internationally recognised standards, laws, and policies enacted by the government to enhance the quality of goods. Any firm, product, or service may benefit from testing, inspection, and certification services. Testing, inspection, and certification (TIC) services are given to businesses operating in various industrial sectors in order to improve productivity, efficiency, and the manufacturing process so that it complies with rules and guidelines established by the government to raise the standard of the product. Any company, service, or item may benefit from testing, inspection, and certification services.
The market is being pushed by an increase in the need for electrical equipment validation, testing of home appliances, globalization, and trademark protection.
Electrical & Electronics Testing, Inspection & Certification Market Report Scope:
Parameter | Details |
Revenue Forecast in 2030: | USD 157.63 Billion |
Growth Rate: | CAGR of 5.17% from 2020 to 2030 |
Forecast Period: | 2020 -2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional analysis:
In terms of market share, North America dominates the market for electrical and electronic testing, inspection, and certification. The markets in this area have also been divided into those in the US, Canada, and Mexico. In terms of electrical and electronic testing, inspection, and certification in 2018, the US was the market leader, followed by Canada and Mexico. Strict testing and inspection laws for electrical and electronic equipment have increased demand for testing, inspection, and certification services in the nation, which has significantly increased the size of the TIC industry as a whole.
In terms of electrical and electronic testing, inspection, and certification in 2018, Europe was the second-largest market. Europe has been divided into the United Kingdom, Germany, France, and the rest of Europe. With significant participants in the semiconductor, power electronics, and information and communication technology industries, Germany is one of the top nations for innovation and technology (ICT).
Browse Full Report Details: https://www.marketresearchfuture.com/reports/electrical-electronics-testing-inspection-certification-market-8519
Market segmentation:
The market for testing, certification and inspection of electrical and electronic products has been divided by service type, product, and offerings.
The electrical and electronics testing, inspection, and certification market have been divided into testing, inspection, and certification service based on the service type.
The market has been divided into smart wiring systems, HVAC systems, electrical components, e-toys, home appliances, security & access control, and smart lighting systems based on product.
The electromagnetic compatibility, electrical safety, connection, digital services, energy efficiency testing, and cybersecurity services segments of the electrical and electronics testing, inspection, and certification market have been identified based on offers.
Check Discount: https://www.marketresearchfuture.com/check-discount/8519
Key players:
Bureau Veritas SA, Dekra Certification Gmbh, Intertek Group PLC, ALS Limited, ASTM International, The British Standards Institution (BSI) Group, Sai Global Limited, Tuv Sud, Applus+, UL LLC, NSF International, National Technical Systems Inc, TÜV Rheinland, TUV NORD AG, CSA Group, Element Materials Technology, Eurofins Scientific, and TÜV Rheinland are some of the organisations that provide certification services.
Browse More Related Reports:
- Quantum Computing Market
- Digital Twin Market
- Online Travel Market
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English