Press release
Lighting Testing, Inspection and Certification (TIC) Market Size Poised To Exceed US$ Mn By 2031 | Intertek, TUV SUD, UL LLC
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The conflict has an impact on the information and communications technology (ICT) market. ICT has been impacted specifically by the economic sanctions and other measures imposed on Russia by the US, the EU, and other nations. Asia Pacific is home to a diverse collection of nations. As net importers of energy and commodities, nations like Singapore, South Korea, India, Thailand, and Taiwan are suffering the most from rising import inflation owing to the local currency's depreciation. While Australia and Indonesia, which export goods like coal, oil, and gas, have profited from the current circumstance.
Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.
By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy ha s decreased by 0.2%.
According to this latest study, the 2021 growth of Lighting Testing, Inspection and Certification (TIC) will have significant change from previous year. By the most conservative estimates of global Lighting Testing, Inspection and Certification (TIC) market size (most likely outcome) will be a year-over-year revenue growth rate of % in 2021, from US$ million in 2020. Over the next five years the Lighting Testing, Inspection and Certification (TIC) market will register a % CAGR in terms of revenue, the global market size will reach US$ million by 2026.
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This report presents a comprehensive overview, market shares, and growth opportunities of Lighting Testing, Inspection and Certification (TIC) market by product type, application, key players and key regions and countries.
Segmentation by type:
In-House
Outsourced
Segmentation by application:
Lamps
Luminaires
Controls
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market.
Intertek
TUV SUD
UL LLC
TUV Rheinland
Dekra Certification
SGS Group
T??V Nord
Eurofins Scientific
BSI Group
SAI Global
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key questions answered in the global High Performance Composites market report are:
How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the High Performance Composites market over the forecast period?
What are the factors driving and restraining the market for High Performance Composites?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?
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