PUNE, India, Sept. 4, 2020 /PRNewswire/ --
- Global testing, inspection, and certification services market was valued at US$ 231.48 Bn in 2018 and is anticipated to grow at a CAGR of 5.2% over the forecast period (2019 – 2027).
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- Mergers and acquisitions activities have significantly impacted the revenue generation in the industry. October 2019 marked the acquisition of KEMA International by CESI, which enabled it to acquire a prominent position in the market as an independent testing service provider of technological components for the energy sector.
- Integration of technologically advanced capabilities throughout the process is emerging as an essential factor across the market participants. Substantial investment by companies including Bureau Veritas SA, SGS SA and TÜV SÜD has been observed in this direction, which is anticipated to boost the market growth over the forecast period.
- The stringent regulatory environment has led to higher demand for testing, inspection, and certification services in North America, which also held the highest market share in 2018.
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- Some of the players operating in the global testing, inspection, and certification services market are ALS Limited, AmSpec, LLC, Apave International, Applus+, AsureQuality., bioMérieux SA, BSI Group, Bureau Veritas SA, Core Laboratories, CSA Group, Dekra Certification GmbH, DNV GL, DQS CFS GmbH, Element Materials Technology, Eurofins Scientific SE, Intertek Group plc, Kiwa, Lloyd's Register Group Services Limited, MISTRAS Group, Inc., NTS, RINA S.p.A., SAI Global Limited, SGS SA, SOCOTEC Group, TÜV NORD GROUP, TÜV Rheinland, TÜV SÜD and UL LLC amongst others.
The detailed research study provides qualitative and quantitative analysis of testing, inspection, and certification services Market. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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