The Global Market for Cable Testing & Certification (2018-2023): A $14.7 Billion Opportunity, Driven by the Growth of Global Electronics & IT Industries

DUBLIN, Nov 19, 2018 /PRNewswire/ --

The "Cable Testing and Certification Market by Voltage (Low Voltage, Medium Voltage and High Voltage), Test (Routine Test, Sample Test and Type Test), End-User (Cable Manufacturers and Utility Providers), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The cable testing and certification market is estimated at USD 11.3 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 5.4% between 2018 and 2023.

The cable testing and certification market is driven by various factors, such as increasing use of cables due to the rise in electricity generation in the OECD and non-OECD countries, growth in the global electronics and IT industries, and growth in industrialization and globalization.

The cable manufacturers end use segment to witness the highest CAGR in the global cable testing and certification market during the forecast period

The two key end users of cable testing and certification are cable manufacturers and utility providers. Cable manufacturers are the dominant end users of cable testing and certification, globally. They invest in the testing of cables to check their product quality and ensure consistency in the quality of the cables produced. Therefore, the demand for cables from the end-use industries such as electrical & electronics, transportation, and energy generation & distribution is expected to drive the cable manufacturers segment growth

Routine tests to witness the highest CAGR in the global cable testing and certification market during the forecast period

A routine test is a group of tests performed on each batch of finished cables to determine the integrity of the cables. The tests included under this segment are conductor resistance test, high voltage test (hi-pot test), insulation resistance test, copper wire screen resistance test, partial discharge test, dimensional tests, and cable markings and measurement. These tests may differ based on the cable types and are specified in the relevant cable standards. Due to the low cost of routine test, it is expected to grow at a high rate.

The high-voltage cables segment to witness the highest CAGR in the global cable testing and certification market during the forecast period

The cable testing and certification market is segmented into three voltage types, namely, low, medium, and high based on the voltage range of the cables. High-voltage cables are used in submarine, underground, and overhead conditions. Some of the major end users of high-voltage cables include transmission & distribution utilities, offshore wind farms, and other energy industries. The rising demand for high-voltage cables by different end users is expected to drive the demand for their testing and certification.

APAC to record highest growth rate during the forecast period

APAC is projected the fastest-growing market for cable testing and certification, globally. The rise in the demand for cables is associated with the increase in electricity generation and distribution due to the rapid industrialization and urbanization. The rise in demand for cables from several industries such as electrical & electronics, transportation, and energy utilities in APAC is projected to raise the demand for cable testing and certification in the region.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Cable Testing and Certification Market
4.2 APAC: Cable Testing and Certification Market, By Test and Country
4.3 Cable Testing and Certification Market, By Country
4.4 Cable Testing and Certification Market, By Test
4.5 Cable Testing and Certification Market, By End-User

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Use of Cables Due to the Rise in Electricity Generation in the OECD and Non-OECD Countries
5.2.1.2 Growth in the Global Electronics and IT Industries
5.2.1.3 Growth in Industrialization and Urbanization
5.2.2 Restraints
5.2.2.1 High Cost of Cable Testing and Certification
5.2.3 Opportunities
5.2.3.1 Growing Use of Cables in the Construction and Automotive Industries
5.2.3.2 Rise in Renewable Energy Production
5.2.4 Challenges
5.2.4.1 Harmful Effects Caused While Conducting A Few Cable Tests
5.2.4.2 High Testing and Certification Lead Time
5.3 Macroeconomic Overview
5.3.1 Introduction
5.3.2 GDP Growth Rate and Forecast of Major Economies
5.4 Overview of Applicable Standards and Certifications
5.4.1 Introduction
5.4.2 IEC (International Electrotechnical Commission) Standard
5.4.3 European (EN) Standards
5.4.4 British Standard (BS)
5.4.5 UL (Underwriters Laboratories)
5.4.6 Insulated Cable Engineers Association (ICEA)
5.4.7 Institute of Electrical and Electronics Engineers (IEEE)
5.4.8 Canadian Standards Association (CSA)
5.5 Overview of Regulations
5.5.1 Construction Products Regulation (CPR)
5.5.2 Ce Marking
5.5.3 Low Voltage Directive (LVD)
5.5.4 Restriction of Hazardous Substances (RPHS)
5.5.5 Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach)
5.5.6 Waste From Electrical and Electronic Equipment (WEEE)

6 Cable Testing and Certification Market, By Voltage Type
6.1 Introduction
6.2 Low Voltage
6.2.1 Rising Demand From APAC to Drive the Low-Voltage Cable Testing and Certification Market
6.3 Medium Voltage
6.3.1 Power Distribution Application to Drive the Medium-Voltage Cable Testing and Certification Market
6.4 High Voltage
6.4.1 High-Voltage to Be the Largest Segment of the Cable Testing and Certification Market

7 Cable Testing and Certification Market, By Test
7.1 Introduction
7.2 Routine Test
7.2.1 Routine Test to Remain the Largest Segment of the Cable Testing and Certification Market
7.3 Sample Test
7.3.1 APAC to Remain the Largest Region for the Sample Test Segment in the Cable Testing and Certification Market
7.4 Type Test
7.4.1 Rising Demand for Fire-Resistant Cables to Drive the Type Test Segment in the Cable Testing and Certification Market

8 Cable Testing and Certification Market, By End User
8.1 Introduction
8.2 Cable Manufacturers
8.2.1 Cable Manufacturers to Remain the Largest End User Segment of the Cable Testing and Certification Market
8.3 Utility Providers
8.3.1 APAC to Be the Fastest-Growing Region for Utility Providers in the Cable Testing and Certification Market

9 Cable Testing and Certification Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 China to Be the Fastest-Growing Market for Cable Testing and Certification in APAC
9.2.2 Japan
9.2.2.1 Rising Cables Demand in the Transportation Application to Drive the Cable Testing and Certification in Japan
9.2.3 India
9.2.3.1 Growing Demand for Cables in the Electricity Generation & Distribution Application to Drive the Cable Testing and Certification in India
9.2.4 South Korea
9.2.4.1 High Voltage Type to Remain the Largest Segment of the Cable Testing and Certification Market in South Korea
9.2.5 Australia
9.2.5.1 Routine Test to Remain the Largest Segment of the Cable Testing and Certification Market in Australia
9.2.6 Rest of APAC
9.2.6.1 Rising Demand for Cables in the Electrical & Electronics Application to Drive the Cable Testing and Certification Market in Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany to Be the Largest Market for Cable Testing and Certification in Europe
9.3.2 France
9.3.2.1 High Voltage Type to Remain the Largest Segment of the Cable Testing and Certification Market in France
9.3.3 UK
9.3.3.1 Rising Demand for Cables in the Electrical & Electronics Application to Drive the Cable Testing and Certification Market in the UK
9.3.4 Russia
9.3.4.1 Growing Cables Demand in Electricity Generation & Distribution Application to Drive the Cable Testing and Certification in Russia
9.3.5 Italy
9.3.5.1 Routine Test to Remain The Largest Segment of The Cable Testing and Certification Market in Italy
9.3.6 Spain
9.3.6.1 Rising Cables Demand in The Electricity Generation & Distribution Application to Drive The Cable Testing and Certification in Spain
9.3.7 Rest of Europe
9.3.7.1 High Voltage Type to Remain The Largest Segment of The Cable Testing and Certification Market in Rest of Europe
9.4 North America
9.4.1 Us
9.4.1.1 US to Be The Fastest-Growing Market for Cable Testing and Certification in North America
9.4.2 Canada
9.4.2.1 Growing Cables Demand in The Electricity Generation & Distribution Application to Drive The Cable Testing and Certification in Canada
9.4.3 Mexico
9.4.3.1 Routine Test to Remain The Largest Segment of The Cable Testing and Certification Market in Mexico
9.5 South America
9.5.1 Brazil
9.5.1.1 Brazil to Be The Largest Market for Cable Testing and Certification in South America
9.5.2 Argentina
9.5.2.1 Growing Demand for Cables in The Electricity Generation & Distribution Application to Drive The Cable Testing and Certification in Argentina
9.5.3 Rest of South America
9.5.3.1 Routine Test to Remain The Largest Segment of The Cable Testing and Certification Market in Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.1.1 Saudi Arabia to Be The Fastest-Growing Market for Cable Testing and Certification in The Middle East & Africa
9.6.2 UAE
9.6.2.1 Growing Demand for Cables in The Electricity Generation & Distribution Application to Drive The Cable Testing and Certification in UAE
9.6.3 Rest of Middle East & Africa
9.6.3.1 Routine Test to Remain The Largest Segment of The Cable Testing and Certification Market in Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 Expansions
10.2.2 Acquisitions
10.2.3 Agreements/Collaborations/Partnerships

11 Company Profiles
11.1 Underwriters Laboratories (UL)
11.2 Dekra
11.3 British Approvals Service for Cables (Basec)
11.4 SGS
11.5 Tv Rheinland
11.6 Bureau Veritas
11.7 Intertek
11.8 DNV GL (Kema Laboratories)
11.9 Kinectrics
11.10 Cesi
11.11 Other Players
11.11.1 Bre Group
11.11.2 Eland Cables
11.11.3 Eurofins Scientific
11.11.4 Tv Sd
11.11.5 Applus
11.11.6 ALS
11.11.7 TUV Nord
11.11.8 Industrial Tests
11.11.9 North Central Electric
11.11.10 Rn Electronics
11.11.11 Central Power Research Institute (CPRI)
11.11.12 Japan Electric Cable Technology Center (Jectec)

For more information about this report visit https://www.researchandmarkets.com/research/k2lnvh/the_global_market?w=5

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