The North America testing and commissioning market size reached US$ 65.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 82.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
Testing and commissioning involve a set of processes, performed to establish if a product follows universal regulatory standards or not. The certified regulations are associated to the quality, performance, and technical safety of the product. Testing and commissioning are carried out in the best interest of the customer as they provide them assistance for a safe purchase. This process is necessary at every step of the supply chain, and in most cases utilizes analytical instruments and equipment (IES) that are useful in measuring as well as detecting electrical signals, biological interaction and physical properties. Some of the major testing and commissioning equipment include product simulation systems, analytical laboratory instruments, diagnostic equipment, and sensors and data acquisition instruments.
2. What is the expected growth rate of the North America testing and commissioning market during 2023-2028?
3. What has been the impact of COVID-19 on the North America testing and commissioning market?
4. What are the key factors driving the North America testing and commissioning market?
5. What is the breakup of the North America testing and commissioning market based on the service type?
6. What is the breakup of the North America testing and commissioning market based on the sourcing type?
7. What is the breakup of the North America testing and commissioning market based on the commissioning type?
8. What is the breakup of the North America testing and commissioning market based on the end use industry?
9. What are the key regions in the North America testing and commissioning market?
10. Who are the key players/companies in the North America testing and commissioning market?
Testing and commissioning involve a set of processes, performed to establish if a product follows universal regulatory standards or not. The certified regulations are associated to the quality, performance, and technical safety of the product. Testing and commissioning are carried out in the best interest of the customer as they provide them assistance for a safe purchase. This process is necessary at every step of the supply chain, and in most cases utilizes analytical instruments and equipment (IES) that are useful in measuring as well as detecting electrical signals, biological interaction and physical properties. Some of the major testing and commissioning equipment include product simulation systems, analytical laboratory instruments, diagnostic equipment, and sensors and data acquisition instruments.
North America Testing and Commissioning Market Drivers:
In recent years, there has been an increase in the demand for testing and commissioning as a result of rising outsourcing of testing, inspection and certification services.- The regulatory standards, which concern the health, environment, quality and safety of a product, have become stringent in the last few years, as a result of which manufacturers have become more aware about product safety and have started seeking third party approvals.
- As a result of rapid globalisation, there has been a significant rise in trade activities in North America which has, in turn, catalyzed the requirement for enhanced testing, inspection, and certification services.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the North America testing and commissioning market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on service type, commissioning type, sourcing type and end use industry.Breakup by Service Type:
- Testing
- Certification
- Commissioning
Breakup by Sourcing Type:
- In-House
- Outsourced
Breakup by Commissioning Type:
- Initial Commissioning
- Retro Commissioning
- Monitor-Based Commissioning
Breakup by End Use Industry:
- Oil and Gas
- Consumer and Retail
- Food and Agriculture
- Construction and Chemicals
- Others
Regional Insights:
- United States
- Canada
Competitive Landscape:
The North America testing and commissioning market consists of numerous small and large manufacturers. Some of the leading players operating in the market are:- SGS
- Intertek
- Eurofins
- Bureau Veritas
- DNV GL
- Applus
- ALS Global
- TUV Rheinland
- TUV SUD
- BSI Group
Key Questions Answered in This Report
1. What was the size of the North America testing and commissioning market in 2022?2. What is the expected growth rate of the North America testing and commissioning market during 2023-2028?
3. What has been the impact of COVID-19 on the North America testing and commissioning market?
4. What are the key factors driving the North America testing and commissioning market?
5. What is the breakup of the North America testing and commissioning market based on the service type?
6. What is the breakup of the North America testing and commissioning market based on the sourcing type?
7. What is the breakup of the North America testing and commissioning market based on the commissioning type?
8. What is the breakup of the North America testing and commissioning market based on the end use industry?
9. What are the key regions in the North America testing and commissioning market?
10. Who are the key players/companies in the North America testing and commissioning market?
Frequently Asked Questions about the North American Testing and Commissioning Market
What is the estimated value of the North American Testing and Commissioning Market?
What is the growth rate of the North American Testing and Commissioning Market?
What is the forecasted size of the North American Testing and Commissioning Market?
Who are the key companies in the North American Testing and Commissioning Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 65.8 Billion |
| Forecasted Market Value ( USD | $ 82.8 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 North America Testing and Commissioning Market
6 Market Breakup by Service Type
7 Market Breakup by Commissioning Type
8 Market Breakup Sourcing Type
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- SGS
- Intertek
- Eurofins
- Bureau Veritas
- DNV GL
- Applus
- ALS Global
- TUV Rheinland
- TUV SUD
- BSI Group
Methodology
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