-report

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

  • Esherpa Code:
  • ES-211922
  • Published On:
  • 1-Dec-19
  • Pages:
  • 181
  • Publisher Id:
  • 7083

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Key Questions Answered

Market Size

Size of the market ?
Market size in the coming five years ?

Geolocation

Biggest contributor to this market ?
Countries to watch.

Key Vendors

Vendors in the market
Growth stratagies they've adpated?

Opportunities

Factors contributing growth of the market ?
Prominent opportunities in the market?

CAGR

Growth forcast foe the next 5 years ?
Fastest-growing segments ?

Challenges

Challenges in the present scenario ?
Factors Impacting market growth

                                                  
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. 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).
                                                
TABLE OF CONTENTS: 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"
                                                  
LIST OF FIGURES: FIGURE 1 MARKET SYNOPSIS 20 FIGURE 2 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET: MARKET STRUCTURE 22 FIGURE 3 Research Process 23 FIGURE 4 NORTH AMERICA MARKET SHARE BY COUNTRY (2018 VS 2025) 31 FIGURE 5 EUROPE MARKET SHARE BY COUNTRY (2018 VS 2025) 31 FIGURE 6 ASIA-PACIFIC MARKET SHARE BY COUNTRY (2018 VS 2025) 32 FIGURE 7 REST OF THE WORLD MARKET SHARE BY COUNTRY (2018 VS 2025) 32 FIGURE 8 MARKET DYNAMICS ANALYSIS OF GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET 33 FIGURE 9 DRIVERS IMPACT ANALYSIS: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET 35 FIGURE 10 RESTRAINT IMPACT ANALYSIS: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET 36 FIGURE 11 SUPPLY / VALUE CHAIN: GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET 38 FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET 40 FIGURE 13 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2018 (% SHARE) 42 FIGURE 14 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2018 (% SHARE) 44 FIGURE 15 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERING, 2018 (% SHARE) 48 FIGURE 16 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY REGION, 2018 VS 2025 (USD MILLION) 51 FIGURE 17 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY COUNTRY, 2018 VS 2025 (USD MILLION) 53 FIGURE 18 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2018 VS 2025 (USD MILLION) 57 FIGURE 19 EUROPE: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2018 VS 2025 (USD MILLION) 69 FIGURE 20 EUROPE: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2018 VS 2025 (USD MILLION) 70 FIGURE 21 EUROPE: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2018 VS 2025 (USD MILLION) 72 FIGURE 22 ASIA-PACIFIC: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY COUNTRY, 2018 VS 2025 (USD MILLION) 89 FIGURE 23 ASIA-PACIFIC: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2018 VS 2025 (USD MILLION) 90 FIGURE 24 ASIA-PACIFIC: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2018 VS 2025 (USD MILLION) 91 FIGURE 25 ASIA-PACIFIC: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2018 VS 2025 (USD MILLION) 93 FIGURE 26 REST OF THE WORLD: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY COUNTRY, 2018 VS 2025 (USD MILLION) 110 FIGURE 27 REST OF THE WORLD: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2018 VS 2025 (USD MILLION) 111 FIGURE 28 REST OF THE WORLD: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2018 VS 2025 (USD MILLION) 112 FIGURE 29 REST OF THE WORLD: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2018 VS 2025 (USD MILLION) 114 FIGURE 30 BENCHMARKING OF MAJOR COMPETITORS 124 FIGURE 31 SGS SA: FINANCIAL OVERVIEW SNAPSHOT 130 FIGURE 32 SGS SA: SWOT ANALYSIS 132 FIGURE 33 BUREAU VERITAS SA: FINANCIAL OVERVIEW SNAPSHOT 134 FIGURE 34 BUREAU VERITAS SA: SWOT ANALYSIS 136 FIGURE 35 DEKRA CERTIFICATION GMBH: FINANCIAL OVERVIEW SNAPSHOT 138 FIGURE 36 DEKRA CERTIFICATION GMBH: SWOT ANALYSIS 140 FIGURE 37 INTERTEK GROUP PLC.: FINANCIAL OVERVIEW SNAPSHOT 142 FIGURE 38 INTERTEK GROUP PLC.: SWOT ANALYSIS 143 FIGURE 39 ALS LIMITED: FINANCIAL OVERVIEW SNAPSHOT 145 FIGURE 40 ALS LIMITED: SWOT ANALYSIS 147 FIGURE 41 ASTM INTERNATIONAL: FINANCIAL OVERVIEW SNAPSHOT 149 FIGURE 42 ASTM INTERNATIONAL: SWOT ANALYSIS 150 FIGURE 43 BSI GROUP: FINANCIAL OVERVIEW SNAPSHOT 152 FIGURE 44 BSI GROUP: SWOT ANALYSIS 154 FIGURE 45 SAI GLOBAL LIMITED.: SWOT ANALYSIS 156 FIGURE 46 TÜV SÜD: FINANCIAL OVERVIEW SNAPSHOT 158 FIGURE 47 TÜV SÜD: SWOT ANALYSIS 159 FIGURE 48 APPLUS+: FINANCIAL OVERVIEW SNAPSHOT 160 FIGURE 49 APPLUS+: SWOT ANALYSIS 162 FIGURE 50 TÜV RHEINLAND AG: FINANCIAL OVERVIEW SNAPSHOT 169 FIGURE 51 TÜV RHEINLAND: SWOT ANALYSIS 171 FIGURE 52 TÜV NORD AG: FINANCIAL OVERVIEW SNAPSHOT 173 FIGURE 53 TÜV NORD AG: SWOT ANALYSIS 175 FIGURE 54 EUROFINS SCIENTIFIC: FINANCIAL OVERVIEW SNAPSHOT 179 FIGURE 55 EUROFINS SCIENTIFIC: SWOT ANALYSIS 181

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