openPR Logo
Press release

Electrical & Electronics Testing, Inspection, & Certification Market worth USD 157.63 Billion, growing at a 5.17% CAGR by 2030

10-31-2022 02:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Futture

Electrical & Electronics Testing, Inspection, & Certification

Market Overview

Market Research Future (MRFR) forecasts the Global Electrical & Electronics Testing, Examination, & Licensing Market will reach USD 157.63 billion by 2030, growing at a 5.17 % CAGR (forecast period). Compliance testing, accounting, inspection, quality control, and certificate are all part of the Electrical & Electronic Testing, Inspection, and Certification (TIC) services.

These solutions are used by organizations across several industrial sectors to increase the efficiency and productivity of production processes, ensuring that manufacturers satisfy internationally recognized standards, rules, and policies imposed through the government to enhance product quality.

Any product, service, or organization can benefit from testing, inspection, and certification. Rising demand for home appliance testing, an expanding requirement for electronic equipment validation, increased globalization, and an increasing need for trademark protection are driving the market.

Click Here to Get Sample Premium Report: https://www.marketresearchfuture.com/sample_request/8519

Many enterprises throughout the world have boosted their manufacturing of medical equipment like as ventilators, personal protective equipment (PPE) kits, and N-95 masks, providing TIC market participants with numerous chances to test and verify such medical devices. Many companies, like Eurofins or TÜV SÜD, recently started testing ventilation systems and masks.

As a result, increased demand for diagnostic services from the healthcare sector is now propelling the TIC market forward. If coronavirus instances continue to rise, the need for these solutions will rise in the coming months.

Market Segmentation

The Global Electrical & Electronics Testing, Inspection, & Certification Market has already been divided into three sections: Service Type, Product, and Offerings.

The electrical & electronics testing, inspection, & certification market has been divided into testing, inspection, and certification services. The market has been divided into four product categories, smart wiring systems, smart lighting systems, HVAC systems, e-toys, household appliances, electrical components, and security & access control.

The electromagnetic compatibility, connectivity, electrical safety, energy efficiency testing, digital services, and cybersecurity services segments of the electrical & electronics testing, inspection, & certification market.

Segmentation Table

By Service Type

Testing
Inspection
Certification service
By Product

Smart lighting system
Smart wiring system

HVAC system
Electrical component
E-toys
Household appliances
Security & access control
By Offerings

Electromagnetic compatibility
Electrical safety
Connectivity
Digital services
Energy efficiency testing
Cybersecurity services

Browse Full Report Details: https://www.marketresearchfuture.com/reports/electrical-electronics-testing-inspection-certification-market-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

Check Discount: https://www.marketresearchfuture.com/check-discount/8519

Regional Classification

In terms of market share, North America leads the market for electrical and electronic testing, inspection, and certification. Strict inspection and testing rules in the country for electrical and electronic products have driven a growth in demand for testing, inspection, and certification services, resulting in a significant expansion in the entire TIC market.

In 2018, Europe was the 2nd market for electrical and electronic testing, inspection, and certification. The market is fragmented, with multiple global, regional, and regional players constantly developing to strengthen their market position. The dynamic political situation has a significant impact on the TIC sector. The rate of transformation and the impact of government policies remain unpredictable in most nations.

Industry News

In August 2019, SGS Mexico announced its certification to execute full-scope testing in accordance with the European Union's RoHS Directive, that aims to minimize the environmental footprint of electrical equipment.
Anritsu joined forces with the global conformity assessment and certification firm, Bureau Veritas' Customer Products Service division, Automotive, Electrical & Electronics, Wireless Business Line in July 2019.
Bureau Veritas will use the Anritsu New Radio (NR) RF Conformity Test System to perform 5G NR GCF and PTCRB conformance testing under the terms of the agreement.

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

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our 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 to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electrical & Electronics Testing, Inspection, & Certification Market worth USD 157.63 Billion, growing at a 5.17% CAGR by 2030 here

News-ID: 2785267 • Views:

More Releases from Market Research Futture

Cyber Security Market is Anticipated to Grow USD 390.2 Billion at a CAGR of 14.50% by 2030
Cyber Security Market is Anticipated to Grow USD 390.2 Billion at a CAGR of 14.5 …
Market overview According to the studies, the cyber security market will grow up to 390.2 billion USD by the end of the year 2025. The market will grow at a CAGR rate of 14.50% in the upcoming years. The global cyber security market was valued at around 155.23 billion USD in 2019. The market will grow up to 251.23 billion USD by the end of the year 2027. Even another report
Construction Repaint Market Research Report- Opportunities & Challenges With Totally Different Segments, Forecast- 2030
Construction Repaint Market Research Report- Opportunities & Challenges With Tot …
Market Overview Global Construction Repaint Industry is slated to surpass market size of USD 90 billion by the end of forecast period with CAGR of approximately 6%. Market Dynamics Construction repaint refers to paints that are used for maintenance, repairs, and restoration in residential, industrial, and institutional settings. Furthermore, increasing demand for housing development and high disposable income are some of the factors driving the construction repaint market. Furthermore, rising housing demand and
Solar Hybrid Inverter Market 2022 Analysis, Research, Review, Applications & Forecast to 2030
Solar Hybrid Inverter Market 2022 Analysis, Research, Review, Applications & For …
Overview: The global report on the solar hybrid inverter market includes a study that predicts valuation and CAGR. According to that, the market valuation could cross USD 13.46 Billion by 2027, with a CAGR of 8.90% during the forecast period of 2020 to 2027. Market Research Future (MRFR) predicts that the market would benefit from factors like the rising concerns for eco-friendly measures, investments in research and development projects, favorable government
Blockchain in Energy Market 2022 Technology, Segmentation, Parameters & Prospects to 2030
Blockchain in Energy Market 2022 Technology, Segmentation, Parameters & Prospect …
Market Insights Market Research Future said a surge in the digitization of systems in prime regions has helped global blockchain in energy market is pushing net profit from USD 180.3 Mn in 2017 to more than USD 17,110.1 Mn by 2028 with the higher growth rate. The entire study has been conducted amidst Coronavirus that has shut down the world economy. Like other industries, the global blockchain in the energy market

All 5 Releases


More Releases for Electrical

Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and
Electrical Services Market Is Dazzling Worldwide | Texas Electrical Services, CI …
HTF MI introduce new research on Global Electrical Services covering micro level of analysis by competitors and key business segments (2021E-2026F). The Global Electrical Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing. Some of the MajorKey players profiled in the
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China. Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492
Electrical Services Market SWOT Analysis by Key Players: Alliance Electrical Ser …
In its recently published report, QY Research has provided unique insights about global Electrical Services market for the given period. One of the main objectives of this report is to categorize the various dynamics of the market and to offer latest updates such as mergers and acquisitions, various technological developments, new entrants in the market, which make an impact on different segments of the global Electrical Services market. The scope
Electrical Services: Market 2018 Segmented by Manufacturers (Alliance Electrical …
An exclusive Electrical Services market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Electrical Services Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report