North America $72.7 Bn Testing and Commissioning Market to 2024
DUBLIN, April 29, 2019 /PRNewswire/ --
The "North America Testing and Commissioning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The North America testing and commissioning market was worth US$ 53.2 Billion in 2018
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.
Looking forward, the North America testing and commissioning market is expected to reach a value of US$ 72.7 Billion by 2024, exhibiting a CAGR of around 5.2% during 2019-2024.
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.
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:
- How has the North America testing and commissioning market performed so far and how will it perform in the coming years?
- What are the key regions in the North America testing and commissioning market?
- Which are the popular service types in the North America testing and commissioning market?
- What are the key sourcing types in the North America testing and commissioning market?
- What are the key commissioning types in the North America testing and commissioning market?
- What are the major end-use sectors in the North America testing and commissioning market?
- What is the structure of the global testing and commissioning market and who are the key players?
- What is the degree of competition in the North America testing and commissioning market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 North America Testing and Commissioning Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Service Type
5.4 Market Breakup by Commissioning Type
5.5 Market Breakup by Sourcing Type
5.6 Market Breakup by End Use
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
6 Market Breakup by Service Type
6.1 Testing
6.2 Certification
6.3 Commissioning
7 Market Breakup by Commissioning Type
7.1 Initial Commissioning
7.2 Retro Commissioning
7.3 Monitor Based Commissioning
8 Market Breakup Sourcing Type
8.1 Inhouse
8.2 Outsource
9 Market Breakup by End Use
9.1 Oil and Gas
9.2 Consumer and Retail
9.3 Food and Agriculture
9.4 Construction
9.5 Chemicals
9.6 Manufacturing
9.7 Automotive
9.8 Others
10 Market Breakup by Region
10.1 USA
10.2 Canada
10.3 Others
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Key Players Profile
11.3.1 SGS
11.3.2 Intertek
11.3.3 Eurofins
11.3.4 Bureau Veritas
11.3.5 DNV GL
11.3.6 Applus
11.3.7 ALS Global
11.3.8 TUV Rheinland
11.3.9 TUV SUD
11.3.10 BSI Group
For more information about this report visit
https://www.researchandmarkets.com/r/nkfgrg
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