North America Testing and Commissioning Market Forecast to 2027
According to IMARC Group’s latest report, titled “North America Testing and Commissioning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the North America testing and commissioning market growth.
The North America testing and commissioning market size reached US$ 63.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 81.7 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027. Testing and commissioning refer to a set of systematic tests used to check the quality and technical safety as well as to validate the performance of a product. This process verifies that the product follows universal regulatory standards by performing a set of systematic tests. Testing and commissioning ensure product safety for the consumers by meeting the health, quality and safety requirements. This process employs analytical instruments and equipment (IES) for the detection of and measuring electrical signals and the biological and physical properties of any product. This helps manufacturers to improve the safety and compliance of a company and its products by inspecting, verifying, testing and offering certification services.
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North America Testing and Commissioning Market Trends:
The growing concerns for quality products and intense competition in the market have encouraged the manufacturers to opt for testing and commissioning services. These processes not only enable the production of superior grade products while reducing system failures but also aid in following certain regulatory norms pertaining to the health, environment, quality and safety of a product across industries like construction, chemicals, and oil and gas. Moreover, owing to the rise in the number of machine installations in industrial plants along with an increase in outsourcing of testing, inspection and certification services, the demand for these services is accelerating. Apart from this, a substantial rise in trade activities across the North American region has been witnessed leading to the requirement of enhanced testing, inspection, and certification services.
North America Testing and Commissioning Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the North America testing and commissioning market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
SGS
Intertek
Eurofins
Bureau Veritas
DNV GL
Applus
ALS Global
TUV Rheinland
TUV SUD
BSI Group
Key Market Segmentation:
The report has segmented the North America testing and commissioning market on the basis of service type, sourcing type, commissioning type, end-use industry and region.
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
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Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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