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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Testing and Commissioning Market Analysis
Since the globalization of trade has led to the emergence of complex supply chains impacting the product quality, the requirement for improved testing, and commissioning processes is increasing. Owing to the aforementioned factors, the global testing and commissioning market is expected to propel over the coming years.
Due to stringent regulations, several major companies are outsourcing inspection and testing, reducing the high costs of in-house testing. The industry has the potential to grow at a rapid pace in the developing regions due to increasing exports compliant with western standards and the imposition of new rules and standards in the infrastructure. The introduction of new and revised regulations has driven a significant shift from a voluntary-based risk management approach to mandatory testing services. Moreover, retro-commissioning has also aided the testing and commissioning market as it assists in identifying problems in existing buildings and reducing waste energy, thereby saving energy costs for the owners. The increased adoption of testing and commissioning procedures across various end-use industries is estimated to foster the industry growth in the coming years.
Testing and Commissioning Market Report Snapshots
Testing and Commissioning Market Size
Testing and Commissioning Market Analysis
Testing and Commissioning Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global testing and commissioning market reached a value of USD 224.61 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.80% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 341.44 billion by 2032.
The major drivers of the market include rising disposable incomes, globalisation of trade growing construction sector, and the rising adoption of testing and commissioning services across the end-use industries, especially in developing nations.
Outsourcing of testing and commissioning and increasing focus on maintenance and monitoring of production environments and supply chains are the key trends of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Testing, certification, and commissioning are the various service types in the market.
The leading commissioning types in the market are initial commissioning, retro commissioning, and monitor-based commissioning.
Inhouse and outsourcing are the leading sourcing types in the market.
The various end uses of testing and commissioning in the market are construction, industrial, consumer products, life sciences, oil and gas, food and agriculture, marine and offshore, transport and aerospace, energy and power, and chemicals, among others.
The leading players in the global testing and commissioning market are Intertek Group plc, SGS SA, Dekra SE, and TÜV SÜD, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124