Insights on the Testing and Commissioning Global Market to 2027 – by Service Type, Commissioning Type, Sourcing Type, End-use Sector and Region

DUBLIN, April 08, 2022– (BUSINESS WIRE) – The “Testing and Commissioning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global testing and commissioning market reached a value of US $ 219.1 Billion in 2021. Looking forward, the publisher expects the market to reach US $ 295.5 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027.

Companies Mentioned

  • SGS SA

  • Bureau Veritas SA

  • Intertek Group plc

  • DEKRA SE

  • TUV SUD AG

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Testing and commissioning, or testing, inspection & certification (TIC), refer to a set of procedures, which are conducted to ensure that the services, infrastructure and products meet with the mandated regulations and standards in terms of quality and safety.

These processes include on-site or laboratory testing, documentary checks, data consistency verification, management process audits, and inspections across the entire supply chain. Testing and commission can be carried out on behalf of either private or public authorities, or the purchaser or end user, independently of stakeholders, or at the request of the manufacturer. These procedures are required throughout the supply chain and are valid across all industries. In recent years, the globalization of trade has led to the emergence of complex supply chains impacting the product quality, which has created an increased requirement for improved testing and commissioning processes.

Over the past few years, integrated sensors, predictive maintenance and digital inspection have replaced physical or manual procedures. This has enabled market players to offer premium testing and commissioning services to end users with the adoption of digital processing improvements and Big Data to gather information from different sources. Besides, the implementation of new and revised regulations has led to a significant shift from a voluntary-based risk management approach to mandatory testing services.

Moreover, the industry has been witnessing growth in developing economies, like China, on account of a rise in the number of acquisitions and mergers, coupled with deals including new tax, cultural and legislative regimes. For instance, in 2019, the France-based testing, inspection and certification services provider, Bureau Veritas acquired the China-based food testing and certification firm, Shenzhen Total-Test Technology.

Key Questions Answered in This Report

1. What was the size of the global testing and commissioning market in 2021?

2. What are the key factors driving the global testing and commissioning market?

3. What has been the impact of COVID-19 on the global testing and commissioning market?

4. What is the breakup of the global testing and commissioning market based on the service type?

5. What is the breakup of the global testing and commissioning market based on the commissioning type?

6. What is the breakup of the global testing and commissioning market based on the sourcing type?

7. What is the breakup of the global testing and commissioning market based on the end use sector?

8. What are the key regions in the global testing and commissioning market?

9. Who are the key players / companies in the global testing and commissioning market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Testing and Commissioning Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Service Type

5.5 Market Breakup by Commissioning Type

5.6 Market Breakup by Sourcing Type

5.7 Market Breakup by End Use Sector

5.8 Market Breakup by Region

5.9 Market Forecast

5.10 SWOT Analysis

5.11 Value Chain Analysis

5.12 Porters Five Forces Analysis

5.13 Price Analysis

6 Market Breakup by Service Type

7 Market Breakup by Commissioning Type

8 Market Breakup by Sourcing Type

9 Market Breakup by End Use Sector

10 Market Breakup by Region

11 Competitive Landscape

11.1 Market Structure

11.2 Key Players

11.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/h7f83f

View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005301/en/

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