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The global fire protection system testing, inspection, and certification (TIC) market size was valued at USD 533 million in 2023 and is projected to reach USD 633 million by 2028; growing at a CAGR of 3.5% during the forecast period from 2023 to 2029.
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Fire Protection System Testing, Inspection, and Certification (TIC) Market by Service Type, System Type, Application and Key Players 2028
Scope of The Report Research report categorizes the Fire Protection System Testing, Inspection, and Certific ation (TIC) Market based on Service Type, System Type, Application and Region. Global Fire Protection System Testing, Inspection, and Certification (TIC) Market Dynamics Driver: Growing urbanization will drive the growth of the construction industry Restraint: Lack of global testing, inspection, and certification standards and relaxation of certific ation norms offered to SMEs by some government authorities Opportunity: Adoption of foam-based fire detection systems owing to less negative impact on t he environment Challenge: Low adoption rate of innovative technologies in fire protection system TIC services And More…
Key Segments The global fire protection system testing, inspection, and certification (TIC) market size was valued at USD 533 million in 2023 and is projected to reach USD 633 million by 2028; growing at a CAGR of 3.5% during the forecast period from 2023 to 2029. 1 Growing urbanization driving the growth of the construction industry, growing human life and property loss owing to fire breakouts, strict government regulations pertaining to fire protection are among the key factors driving the growth of fire protection system TIC market. 2 Browse 182 market data Tables and 66 Figures spread through 279 Pages and in-depth TOC on "Fire Protection System Testing, Inspection, and Certification (TIC) Market” 3 By service type, the certification service records the highest growth rate d uring the forecast period. 4 The sprinkler system is likely to record the highest growth rate between 2 023 and 2028. 5 North America is likely to account for the largest market share in the global fire protection system testing, inspection, and certification (TIC) industry during the forecast period.
Fire Protection System Testing, Inspection, and Certification (TIC) Market Growth Rate 2028 2023 CAGR of 3.5% Market Size of $ 533 million Market Size of $ 633 million
Key Market Players Key Players SGS SA (Switzerland), Bureau Veritas (France), DEKRA (Germany), TÜV SÜD (Germany), TÜV Rheinland (Germany), DNV GL (Norway), Intertek Group plc (UK), TÜV NORD Group (Germany), UL LLC (US) • • • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/fire-pr otection-system-testing-inspection-certification-tic-market-122108334.html
Top Region.. North America • Europe • APAC • RoW • View Report Here - https://www.marketsandmarkets.com/Market-Reports/fire-protection-system-testing-inspection -certification-tic-market-122108334.html
Frequently Asked Questions (FAQ) in Our Report 1. Which are the major companies in the fire protection system testing, inspection, and certification (TIC) market? What are their major strategies to strengthen their market presence? 2. What are the new opportunities for emerging players in the fire protection system testing, insp ection, and certification (TIC) market? 3. Which Application is likely to drive the fire protection system testing, inspection, and certificatio n (TIC) market growth in the next five years? 4. Which region will likely offer lucrative growth for the fire protection system testing, inspection, a nd certification (TIC) market by 2030? 5. Which factors are expected to boost fire protection system TIC market in the next 5-6 years?
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