Electrical & Electronics Testing, Inspection, and Certification Market Overview
Compliance testing, auditing, inspection, quality assurance, and certification are all services provided by Electrical & Electronic Testing, Inspection & Certification (TIC). These services are used by companies in a variety of industries to increase the productivity and efficiency of manufacturing processes and ensure that manufacturers adhere to internationally accepted standards, rules, and policies imposed by the government to improve product quality. Any product, service, or corporation can benefit from testing, inspection, and certification services. The global Electrical & Electronics Testing, Inspection, and Certification market is projected to grow at a considerable rate in the estimated period.
The global Electrical & Electronics Testing, Inspection, and Certification market growth is boosted by the increasing demand for household appliance testing and an increasing need for equipment validation. Furthermore, growing smart home projects are expected to further intensify the growth of this market in the forthcoming years.
On the other side, the lack of global certification standards limits the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Service Type, Product, Offerings, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Bureau Veritas SA, Dekra Certification Gmbh, Intertek Group PLC, ALS Limited, ASTM International, The British Standards Institution (BSI) Group, Sai Global Limited, Tuv Sud, Applus+, UL LLC. |
Covid-19 Impact on Electrical & Electronics Testing, Inspection, and Certification Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Electrical & Electronics Testing, Inspection, and Certification Market Segment Overview
According to Product, the Smart lighting system is one of the largest segments in the global Electrical & Electronics Testing, Inspection, and Certification Market. Smart lighting is an advanced way to light a home. Smart LED bulbs contain software that connects to an app, smart home assistant, or another smart accessory so can automate lights or control them remotely, eliminating the need for traditional wall switches.
Smart lighting, on the other hand, gives far more control over lights. They are still connected to the home’s power, but each smart bulb and LED-integrated fixture allows to control it wirelessly with the phone, tablet, or smart assistants, such as Google Assistant or Amazon Alexa.
Electrical & Electronics Testing, Inspection, and Certification Market, By Service Type
· Testing
· Inspection
· Certification service
Electrical & Electronics Testing, Inspection, and Certification Market, By Product
· Smart lighting system
· Smart wiring system
· HVAC system
· Electrical component
· E-toys
· Household appliances
· Security & access control
Electrical & Electronics Testing, Inspection, and Certification Market, By Offerings
· Electromagnetic compatibility
· Electrical safety
· Connectivity
· Digital services
· Energy efficiency testing
· Cybersecurity services
Electrical & Electronics Testing, Inspection, and Certification Regional Overview
In terms of region, North America held the largest share of the Electrical & Electronics Testing, Inspection, and Certification Market. The US is the main country for the market. Strict testing and inspection regulations for electrical and electronic products have contributed to a surge in demand for testing, inspection, and certification services, resulting in a significant expansion in the entire TIC market. Moreover, Europe is another key region for the market. Germany is one of the leading countries in the field of innovation and technology, with the involvement of key players in the field of semiconductors, power electronics, and information and communication technology (ICT). Additionally, the market in the Asia Pacific is expected to rise significantly during the forecast period.
Electrical & Electronics Testing, Inspection, and Certification Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Electrical & Electronics Testing, Inspection, and Certification Market, Key Players
· Bureau Veritas SA
· Dekra Certification Gmbh
· Intertek Group PLC
· ALS Limited
· ASTM International
· The British Standards Institution (BSI) Group
· Sai Global Limited
· Tuv Sud
· Applus+
· UL LLC
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the 2-In-1 Laptop market?
The global Electrical & Electronics Testing, Inspection, and Certification market growth is boosted by the increasing demand for household appliance testing and an increasing need for equipment validation.
Q2. What are the restraining factors for the 2-In-1 Laptop market?
the lack of global certification standards limits the growth of the market
Q3. Which segment is projected to hold the largest share in the 2-In-1 Laptop Market?
Smart lighting system segment is projected to hold the largest share in the 2-In-1 Laptop Market.
Q4. Which region holds the largest share in the 2-In-1 Laptop market?
North America held the largest share in the global 2-In-1 Laptop market.
Q5. Which are the prominent players in the 2-In-1 Laptop Market?
Bureau Veritas SA, Dekra Certification Gmbh, Intertek Group PLC, ALS Limited, ASTM International, The British Standards Institution (BSI) Group, Sai Global Limited, Tuv Sud, Applus+, UL LLC. are some key players in the 2-In-1 Laptop Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Electrical & Electronics Testing, Inspection, and Certification Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service Type
- 5.2.1. Testing
- 5.2.2. Inspection
- 5.2.3. Certification service
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Smart lighting system
- 5.3.2. Smart wiring system
- 5.3.3. HVAC system
- 5.3.4. Electrical component
- 5.3.5. E-toys
- 5.3.6. Household appliances
- 5.3.7. Security & access control
- 5.4. Market Analysis, Insights and Forecast – By Offerings
- 5.4.1. Electromagnetic compatibility
- 5.4.2. Electrical safety
- 5.4.3. Connectivity
- 5.4.4. Digital services
- 5.4.5. Energy efficiency testing
- 5.4.6. Cybersecurity services
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Electrical & Electronics Testing, Inspection, and Certification Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service Type
- 6.2.1. Testing
- 6.2.2. Inspection
- 6.2.3. Certification service
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Smart lighting system
- 6.3.2. Smart wiring system
- 6.3.3. HVAC system
- 6.3.4. Electrical component
- 6.3.5. E-toys
- 6.3.6. Household appliances
- 6.3.7. Security & access control
- 6.4. Market Analysis, Insights and Forecast – By Offerings
- 6.4.1. Electromagnetic compatibility
- 6.4.2. Electrical safety
- 6.4.3. Connectivity
- 6.4.4. Digital services
- 6.4.5. Energy efficiency testing
- 6.4.6. Cybersecurity services
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Electrical & Electronics Testing, Inspection, and Certification Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service Type
- 7.2.1. Testing
- 7.2.2. Inspection
- 7.2.3. Certification service
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Smart lighting system
- 7.3.2. Smart wiring system
- 7.3.3. HVAC system
- 7.3.4. Electrical component
- 7.3.5. E-toys
- 7.3.6. Household appliances
- 7.3.7. Security & access control
- 7.4. Market Analysis, Insights and Forecast – By Offerings
- 7.4.1. Electromagnetic compatibility
- 7.4.2. Electrical safety
- 7.4.3. Connectivity
- 7.4.4. Digital services
- 7.4.5. Energy efficiency testing
- 7.4.6. Cybersecurity services
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Electrical & Electronics Testing, Inspection, and Certification Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service Type
- 8.2.1. Testing
- 8.2.2. Inspection
- 8.2.3. Certification service
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Smart lighting system
- 8.3.2. Smart wiring system
- 8.3.3. HVAC system
- 8.3.4. Electrical component
- 8.3.5. E-toys
- 8.3.6. Household appliances
- 8.3.7. Security & access control
- 8.4. Market Analysis, Insights and Forecast – By Offerings
- 8.4.1. Electromagnetic compatibility
- 8.4.2. Electrical safety
- 8.4.3. Connectivity
- 8.4.4. Digital services
- 8.4.5. Energy efficiency testing
- 8.4.6. Cybersecurity services
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Electrical & Electronics Testing, Inspection, and Certification Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service Type
- 9.2.1. Testing
- 9.2.2. Inspection
- 9.2.3. Certification service
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Smart lighting system
- 9.3.2. Smart wiring system
- 9.3.3. HVAC system
- 9.3.4. Electrical component
- 9.3.5. E-toys
- 9.3.6. Household appliances
- 9.3.7. Security & access control
- 9.4. Market Analysis, Insights and Forecast – By Offerings
- 9.4.1. Electromagnetic compatibility
- 9.4.2. Electrical safety
- 9.4.3. Connectivity
- 9.4.4. Digital services
- 9.4.5. Energy efficiency testing
- 9.4.6. Cybersecurity services
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bureau Veritas SA
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Dekra Certification Gmbh
- 10.6. Intertek Group PLC
- 10.7. ALS Limited
- 10.8. ASTM International
- 10.9. The British Standards Institution (BSI) Group
- 10.10. Sai Global Limited
- 10.11. Tuv Sud
- 10.12. Applus+
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
