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Electrical & Electronics Testing, Inspection & Certification (TIC) Market Size, Trends & Forecasts 2031 | Valuates Reports
Electrical & Electronics Testing, Inspection & Certification (TIC) Market SizeThe global market for Electrical & Electronics Testing, Inspection & Certification (TIC) was valued at US$ 5345 million in the year 2024 and is projected to reach a revised size of US$ 6674 million by 2031, growing at a CAGR of 3.3% during the forecast period.
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Global key players of Electrical & Electronics Testing, Inspection & Certification (TIC) include Bureau Veritas, DEKRA and Intertek, etc. The top three players hold a share over 20%. Europe is the largest market, has a share about 38%. In terms of product type, Testing is the largest segment, occupied for a share of about 50%, and in terms of application, Electrical Safety has a share about 42 percent.
By Type
• Testing
• Inspection
• Certification
By Application
• Electrical Safety
• Energy Efficiency Testing
• Digital Services
Key Companies
NTS, DEKRA, Nemko, CMA Testing, Applus+, Intertek, SIRIM QAS International, Bureau Veritas, SGS, UL Solutions, TÜV SÜD, TÜV Rheinland, Element, CSA Group, Eurofins, CTI
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