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Electrical & Electronics Testing, Inspection & Certification Market to Reach USD 133.11 billion by 2025 with Majestic CAGR 5.8%

Press release   •   Jan 14, 2020 04:44 EST

The global electrical & electronics testing, inspection, and certification market is expected to reach approximately USD 133.11 billion by 2025, growing at a CAGR of 5.8% from 2019 to 2025.

The new research from Ameco Research on Global ​Electrical & Electronics Testing, Inspection & Certification Market Report for 2025 intends to offer a target audience with a fresh outlook on the market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure the quality of research.

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Global Electrical & Electronics Testing, Inspection & Certification Market Research Report: By Service Type (Testing, Inspection and Certification), Product (Smart Lighting System, Smart Wiring System, HVAC System, Electrical Component, E-Toys, Household Appliances and Security & Access Control), Offerings (Electromagnetic Compatibility, Electrical Safety, Connectivity, Digital Services, Energy Efficiency Testing and Cybersecurity Services), by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2025

Market Analysis:

The global electrical & electronics testing, inspection, and certification market has been witnessing a steady growth over the last few years. The factors responsible for the growth of the electrical & electronics testing, inspection, and certification market include increasing demand for household appliance testing, growing need for electrical equipment validation, and increasing globalization and growing brand protection. Testing, inspection, certification (TIC) involves providing services to the companies operating across various industrial verticals for improving the productivity, efficiency, manufacturing process to meet the globally recognized standards, regulations, and policies set by government to improve the quality of a product. The testing, inspection, and certification services can be applied to any product, service, or company. However, change in technologies and regulations is the challenges faced by the electrical & electronics testing, inspection, and certification market on a global scale.
The global electrical & electronics testing, inspection, and certification market is expected to reach approximately USD 133.11 billion by 2025, growing at a CAGR of 5.8% from 2019 to 2025.


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Market Segmentation:

The market has been divided into various segments based on service type, product, offering and region. By service type, the market is segmented into testing, inspection, and certification. Testing segment is expected to hold a major share of the market. Various testing such as automotive testing, electrical component testing, chemicals testing, packaging testing, food testing, material testing, and textile and apparel testing, among others support organizations to surpass the quality, performance, regulatory compliance, safety, benchmarking, evaluation, validation, analysis and other requirements for products, components, raw materials, plants and facilities. The certification segment is expected to grow at the highest rate during the forecast period due to increasing need for various certifications among organizations to enter various global markets and comply with the environment and social regulatory policies of these regions. By product, the market is broadly classified into electrical component, household appliances, security & access control, smart wiring system, HVAC systems, smart lighting system, e-toys, and others. The electrical component segment is expected to lead the market whereas, the smart lighting system segment is expected to show major growth owing to the increasing adoption of LEDs and other lighting systems.
The offering segment in the electrical & electronics testing, inspection, and certification market comprises of Electromagnetic Compatibility, Electrical Safety, Energy Efficiency Testing, Digital Services, Connectivity, Cybersecurity Services, and others. The electromagnetic interference/electromagnetic compatibility (EMI/EMC) test provides evaluation and certification testing of electromagnetic interference and electromagnetic compatibility measurements of the crew, flight, and ground support equipment including communication, instrumentation, biomedical, guidance and navigation, computation, and robotics due to which it is expected to hold a major market share. Whereas, cybersecurity services is expected to grow at a significant rate during the forecast period.


Regional Analysis

Regional and Country Analysis of Electrical & electronics testing, inspection, and certification Market Estimation and Forecast
Geographically, North America is dominating the electrical & electronics testing, inspection, and certification market due to the various quality standard certification followed across North America which include USTC, CEC, and NOM among others. The US is a prominent market due to the high focus on maintaining quality standards of the manufactured product is expected to influence the market. Asia-Pacific is the fastest growing region, projecting a CAGR of 7.08% where major contribution is witnessed from countries such as China and Japan, due to the need of various product marking/certifications applicable in the region include CCC China, China RoHS, BSMI mark, Taiwan, Korean RoHS, eK mark (Korea), MIC mark (Korea), Hong Kong Electrical Products (Safety) Regulation, C-Tick and Electrical Product Safety Australia/New Zealand, VCCI mark, and Japan PSE mark.

Major Players

The major players of electrical & electronics testing, inspection, and certification market include SGS SA (Switzerland), Bureau Veritas (France), DEKRA Certification GmbH (Germany), Intertek Group PLC (UK), ALS Limited (Australia), ASTM international (US), The British Standards Institution Group (London), SAI Global Limited (Australia), TÜV SÜD (Germany), Applus+ (Spain), UL LLC (US), NSF International (US), National Technical Systems, Inc. (US), TÜV Rheinland AG (Germany), TÜV NORD AG (Germany), CSA Group (Canada), Element Materials Technology (UK), and Eurofins Scientific (Switzerland).

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Electrical & Electronics Testing, Inspection & Certification Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Electrical & Electronics Testing, Inspection & Certification Market Research Report- Forecast till 2025

1. EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.2.1 BREAKDOWN OF PRIMARY RESPONDENTS

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 TOP-DOWN & BOTTOM-UP APPROACH

3.6 FORECASTING TECHNIQUES

3.7 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION

5.2 DRIVERS

5.2.1 INCREASING DEMAND IN HOUSEHOLD APPLIANCE TESTING

5.2.2 GROWING NEED FOR ELECTRICAL EQUIPMENT VALIDATION

5.2.3 INCREASING GLOBALISATION AND GROWING BRAND PROTECTION

5.2.4 DRIVERS IMPACT ANALYSIS

5.3 RESTRAINT

5.3.1 LACK OF GLOBAL CERTIFICATION STANDARDS

5.3.2 LACK OF SKILLED PERSONNEL

5.3.3 RESTRAINT IMPACT ANALYSIS

5.4 OPPORTUNITY

5.4.1 GROWING SMART HOME PROJECTS

5.5 CHALLENGE

5.5.1 CHANGE IN TECHNOLOGIES AND REGULATIONS

6 MARKET FACTOR ANALYSIS

6.1 VALUE CHAIN ANALYSIS

6.1.1 GOVERNMENT

6.1.2 TIC SERVICE PROVIDERS

6.1.3 END USERS

6.2 PORTER’S FIVE FORCES

6.2.1 THREAT OF NEW ENTRANTS

6.2.2 BARGAINING POWER OF SUPPLIERS

6.2.3 THREAT OF SUBSTITUTES

6.2.4 BARGAINING POWER OF BUYERS

6.2.5 COMPETITIVE RIVALRY

7 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE

7.1 OVERVIEW

7.2 TESTING

7.3 INSPECTION

7.4 CERTIFICATION

8 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT

8.1 OVERVIEW

8.2 SMART LIGHTING SYSTEM

8.3 SMART WIRING SYSTEM

8.4 HVAC SYSTEMS

8.5 ELECTRICAL COMPONENT

8.6 E-TOYS

8.7 HOUSEHOLD APPLIANCES

8.8 SECURITY & ACCESS CONTROL

9 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERING

9.1 OVERVIEW

9.2 ELECTROMAGNETIC COMPATIBILITY

9.3 ELECTRICAL SAFETY

9.4 CONNECTIVITY

9.5 DIGITAL SERVICES

9.6 ENERGY EFFICIENCY TESTING

9.7 CYBERSECURITY SERVICES

10 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY REGION

10.1 OVERVIEW

10.2 MARKET ESTIMATES AND FORECAST, BY REGION, 2018 VS 2025

10.3 NORTH AMERICA

10.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2016–2025

10.3.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2016–2025

10.3.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2016–2025

10.3.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2016–2025

10.3.5 US

10.3.6 CANADA

10.3.7 MEXICO

10.4 EUROPE

10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2016–2025

10.4.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2016–2025

10.4.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2016–2025

10.4.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2016–2025

10.4.5 UK

10.4.6 GERMANY

10.4.7 FRANCE

10.4.8 ITALY

10.4.9 REST OF EUROPE

10.5 ASIA-PACIFIC

10.5.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2016–2025 88

10.5.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2016–2025 89

10.5.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2016–2025 90

10.5.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2016–2025 92

10.5.5 CHINA

10.5.6 JAPAN

10.5.7 SOUTH KOREA

10.5.8 INDIA

10.5.9 REST OF ASIA-PACIFIC

10.6 REST OF THE WORLD

10.6.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2016–2025

10.6.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2016–2025

10.6.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2016–2025

10.6.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2016–2025

10.6.5 MIDDLE EAST AND AFRICA

10.6.6 CENTRAL AND SOUTH AMERICA

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW

11.2 MARKET SHARE ANALYSIS, 2018

11.3 COMPETITIVE BENCHMARKING

11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES

11.4.1 MERGERS AND ACQUISITION

11.4.2 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT

11.4.3 PARTNERSHIP/COLLABORATIONS

11.4.4 ACCREDITATIONS AND CERTIFICATIONS

12 COMPANY PROFILES

12.1 SGS SA

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 IEW

12.1.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.1.5 KEY DEVELOPMENTS

12.1.6 SWOT ANALYSIS

12.1.7 KEY STRATEGIES

12.2 BUREAU VERITAS SA

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 DEKRA CERTIFICATION GMBH

12.3.1 COMPANY OVERVIEW

12.3.2 FINANCIAL OVERVIEW

12.3.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.3.4 KEY DEVELOPMENTS

12.3.5 SWOT ANALYSIS

12.3.6 KEY STRATEGIES

12.4 INTERTEK GROUP PLC

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 ALS LIMITED

12.5.1 COMPANY OVERVIEW

12.5.2 FINANCIAL OVERVIEW

12.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.5.4 KEY DEVELOPMENTS

12.5.5 SWOT ANALYSIS

12.5.6 KEY STRATEGIES

12.6 ASTM INTERNATIONAL

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.6.4 SWOT ANALYSIS

12.6.5 KEY STRATEGIES

12.7 THE BRITISH STANDARDS INSTITUTION (BSI) GROUP

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.7.4 KEY DEVELOPMENTS

12.7.5 SWOT ANALYSIS

12.7.6 KEY STRATEGIES

12.8 SAI GLOBAL LIMITED

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.8.4 KEY DEVELOPMENTS

12.8.5 SWOT ANALYSIS

12.8.6 KEY STRATEGIES

12.9 TÜV SÜD

12.9.1 COMPANY OVERVIEW

12.9.2 FINANCIAL OVERVIEW

12.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.9.4 KEY DEVELOPMENTS

12.9.5 SWOT ANALYSIS

12.9.6 KEY STRATEGIES

12.10 APPLUS+

12.10.1 COMPANY OVERVIEW

12.10.2 FINANCIAL OVERVIEW

12.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.10.4 SWOT ANALYSIS

12.10.5 KEY STRATEGIES

12.11 UL LLC

12.11.1 COMPANY OVERVIEW

12.11.2 FINANCIAL OVERVIEW

12.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.11.4 KEY DEVELOPMENTS

12.11.5 KEY STRATEGIES

12.12 NSF INTERNATIONAL

12.12.1 COMPANY OVERVIEW

12.12.2 FINANCIAL OVERVIEW

12.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.12.4 KEY DEVELOPMENTS

12.12.5 KEY STRATEGIES

12.13 NATIONAL TECHNICAL SYSTEMS, INC. (NTS)

12.13.1 COMPANY OVERVIEW

12.13.2 FINANCIAL OVERVIEW

12.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.13.4 KEY DEVELOPMENTS

12.14 ELEMENT MATERIALS TECHNOLOGY

12.14.1 COMPANY OVERVIEW

12.14.2 FINANCIAL OVERVIEW

12.14.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.14.4 KEY DEVELOPMENTS

12.15 EUROFINS SCIENTIFIC

12.15.1 COMPANY OVERVIEW

12.15.2 FINANCIAL OVERVIEW

12.15.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.15.4 KEY DEVELOPMENTS

12.15.5 SWOT ANALYSIS

12.15.6 KEY STRATEGIES"

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