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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Testing and Commissioning Market Size
The global testing and commissioning market attained a value of USD 224.61 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.80% to reach USD 341.44 billion by 2032.
Based on service type, testing is the most popular service type on account of the rising concerns about the overall quality of the product. On the basis of commissioning type, the initial commissioning accounted for the majority of the market share, representing the largest segment. Presently, the inhouse segment is the most preferred sourcing type. However, outsourcing is also gaining traction among end-users.
The construction sector represented the leading end-use segment in 2020. The services are employed in this sector to ensure that all systems and components of a construction project meet the operational requirements of the concerned authorities.
Regionally, Europe represents the largest market, accounting for the majority of the market share. The regional market is driven by the increasing focus on the maintenance and monitoring of the conductive production environment and supply chain to safeguard the quality and safety of the products manufactured in the region.
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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