Axisresearch
- Others
- IMARC GROUP
- 93 pages
- Published: 04-08-2019
The North America testing and commissioning market was worth US$ 53.2 Billion in 2018. Testing and commissioning involve a set of processes, performed to establish if a product follows universal regulatory standards or not. The certified regulations are associated to the quality, performance, and technical safety of the product. Testing and commissioning are carried out in the best interest of the customer as they provide them assistance for a safe purchase. This process is necessary at every step of the supply chain, and in most cases utilizes analytical instruments and equipment (IES) that are useful in measuring as well as detecting electrical signals, biological interaction and physical properties. Some of the major testing and commissioning equipment include product simulation systems, analytical laboratory instruments, diagnostic equipment, and sensors and data acquisition instruments. Looking forward, the North America testing and commissioning market is expected to reach a value of US$ 72.7 Billion by 2024, exhibiting a CAGR of around 5.2% during 2019-2024.
North America Testing and Commissioning Market Drivers:
In recent years, there has been an increase in the demand for testing and commissioning as a result of rising outsourcing of testing, inspection and certification services.
The regulatory standards, which concern the health, environment, quality and safety of a product, have become stringent in the last few years, as a result of which manufacturers have become more aware about product safety and have started seeking third party approvals.
As a result of rapid globalisation, there has been a significant rise in trade activities in North America which has, in turn, catalyzed the requirement for enhanced testing, inspection, and certification services.
Report Coverage:
Breakup by Service Type:
Testing
Certification
Commissioning
Testing services currently represent the largest segment owing to rising concerns regarding the overall quality of the product.
Sourcing Type Insights:
In-House
Outsourced
In-house sourcing is currently the most popular type of sourcing.
Commissioning Type Insights:
Initial Commissioning
Retro Commissioning
Monitor-Based Commissioning
Initial commissioning represents the most popular commissioning type as it is the basic step which is required for satisfying a product specification.
End-Use Insights:
Oil and Gas
Consumer and Retail
Food and Agriculture
Construction and Chemicals
Oil and Gas industry dominates the end-use segment, holding the majority of the market share.
Regional Insights:
United States
Canada
The United States currently represents the biggest market for testing and commissioning in North America, followed by Canada. This can be accredited to the presence of strict guidelines and regulations in numerous end-use industries including infrastructure and construction, oil and gas, and Chemical industries.
Competitive Landscape:
The North America testing and commissioning market consists of numerous small and large manufacturers. Some of the leading players operating in the market are:
SGS
Intertek
Eurofins
Bureau Veritas
DNV GL
Applus
ALS Global
TUV Rheinland
TUV SUD
BSI Group
This report provides a deep insight into the North America testing and commissioning market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America testing and commissioning market in any manner.
Key Questions Answered in This Report:
- How has the North America testing and commissioning market performed so far and how will it perform in the coming years?
- What are the key regions in the North America testing and commissioning market?
- Which are the popular service types in the North America testing and commissioning market?
- What are the key sourcing types in the North America testing and commissioning market?
- What are the key commissioning types in the North America testing and commissioning market?
- What are the major end-use sectors in the North America testing and commissioning market?
- What is the structure of the global testing and commissioning market and who are the key players?
- What is the degree of competition in the North America testing and commissioning market?
| 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 North America Testing and Commissioning Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Service Type 5.4 Market Breakup by Commissioning Type 5.5 Market Breakup by Sourcing Type 5.6 Market Breakup by End Use 5.7 Market Breakup by Region 5.8 Market Forecast 5.9 SWOT Analysis 5.9.1 Overview 5.9.2 Strengths 5.9.3 Weaknesses 5.9.4 Opportunities 5.9.5 Threats 5.10 Value Chain Analysis 5.11 Porters Five Forces Analysis 5.11.1 Overview 5.11.2 Bargaining Power of Buyers 5.11.3 Bargaining Power of Suppliers 5.11.4 Degree of Rivalry 5.11.5 Threat of New Entrants 5.11.6 Threat of Substitutes 6 Market Breakup by Service Type 6.1 Testing 6.2 Certification 6.3 Commissioning 7 Market Breakup by Commissioning Type 7.1 Initial Commissioning 7.2 Retro Commissioning 7.3 Monitor Based Commissioning 8 Market Breakup Sourcing Type 8.1 Inhouse 8.2 Outsource 9 Market Breakup by End Use 9.1 Oil and Gas 9.2 Consumer and Retail 9.3 Food and Agriculture 9.4 Construction 9.5 Chemicals 9.6 Manufacturing 9.7 Automotive 9.8 Others 10 Market Breakup by Region 10.1 USA 10.2 Canada 10.3 Others 11 Competitive Landscape 11.1 Market Structure 11.2 Key Players 11.3 Key Players Profile 11.3.1 SGS 11.3.2 Intertek 11.3.3 Eurofins 11.3.4 Bureau Veritas 11.3.5 DNV GL 11.3.6 Applus 11.3.7 ALS Global 11.3.8 TUV Rheinland 11.3.9 TUV SUD 11.3.10 BSI Group |
Market Breakup by Service Type
- Testing
- Certification
- Commissioning
Market Breakup by Commissioning Type
- Initial Commissioning
- Retro Commissioning
- Monitor Based Commissioning
Market Breakup Sourcing Type
- Inhouse
- Outsource
Market Breakup by End Use
- Oil and Gas
- Consumer and Retail
- Food and Agriculture
- Construction
- Chemicals
- Manufacturing
- Automotive
- Others
Market Breakup by Region
- USA
- Canada
- Others