Testing and Commissioning Market Share, Size, Trends, Regional Outlook and Key Players Till 2023

1. GlobalTesting and Commissioning Market Report, Historical Growth & Analysis of Top Key Players Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Testing and Commissioning Market Report By Service Type (Testing, Certification and Commissioning), Commissioning Type (Initial Commissioning, Retro Commissioning and Monitor-Based Commissioning), Sourcing Type, End-Use Sector, Region The global testing and commissioning market has experienced positive growth over the past few years. This can be attributed to the growing collaborations between leading manufacturers to expand their geographical presence along with increasing demand for these services in the emerging export markets. Market Overview: According to the latest report by IMARC Group, titled “Testing and Commissioning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global testing and commissioning market reached a value of US$ 178 Billion in 2017. Testing and commissioning refer to the processes designed to validate performance, quality and technical safety of a product and to discover and correct problems. They are a systematic and rigorous set of tests performed to determine if a product follows the universal regulatory standards. Testing, inspection and certification companies ensure that their clients meet the required health, safety and quality requirements.

4. Report Description and Highlights Report Description They even engage in the provision of inspection, verification, testing and certification services to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of the company and their products or services. On the other hand, testing and commissioning are required to assist in the delivery of a construction project which provides an efficient, safe and healthy facility; optimizes energy use; and reduces operating costs. Market Trends: Due to strict regulations, several large companies are outsourcing inspection and testing to reduce the high costs of in-house testing. Further, the testing and commissioning market has the potential to grow at a rapid pace in the developing regions due to increasing exports compliant with western standards, and imposition of new rules and standards in the infrastructure, and oil and gas sectors. Moreover, retro-commissioning has provided a positive impact on the testing and commissioning market as it helps in identifying problems in existing buildings and reducing waste energy, thereby saving energy costs for the owners. The leading players are also engaging in merger and acquisition activities to broaden and reinforce their service matrix and expand their geographical footprint. Owing to these factors, the market is projected to reach a value of US$ 241 Billion by 2023, expanding at a CAGR of more than 5% during 2018-2023. Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1017&flag=B

5. Market Forecast Sample Figure: Global: Testing and Commissioning Market Forecast: Sales Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • Testing and Commissioning Market Segmentation: • Market Segmentation by Service Type • Testing • Certification • Commissioning • Based on service types, testing represents the largest segment, accounting for the majority of the global share. Testing is followed by commissioning and certification. • Market Segmentation by Commissioning Type • Initial Commissioning • Retro Commissioning • Monitor-Based Commissioning • The market has been categorized on the basis of commissioning types into initial commissioning, retro commissioning and monitor-based commissioning. Amongst these, initial commissioning dominates the market, holding the largest share.

7. Market Segmentation Report Description • For more information, click here: https://www.imarcgroup.com/testing-commissioning-market • Market Segmentation by Sourcing Type • Inhouse  • Outsourced  • On the basis of sourcing types, the global testing and commissioning market has been segregated into in-house and outsourced segments. Currently, in-house sourcing is the most popular segment. • Market Segmentation by End-Use Sector • Construction • Industrial • Consumer Products • Life Sciences • Oil and Gas • Food and Agriculture • Marine and Offshore • Transport and Aerospace

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Energy and Power • Chemicals • Others • Based on end-users, the market has been segregated into construction, industrial, consumer products, life sciences, oil and gas, food and agriculture, marine and offshore, transport and aerospace, energy and power, and chemicals industries. Amongst these, the construction industry is the largest end-use sector. • Market Segmentation by Region • Europe • Asia Pacific • North America • Middle East and Africa • Latin America • Region-wise, Europe enjoys the leading position in the global testing and commissioning market, followed by North America and Asia Pacific. The other major markets include Latin America, and Middle East and Africa.

10. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • SGS • Bureau Veritas • Intertek • Dekra • TUV SUD • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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