Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The testing, inspection and certification (TIC) market for electrical goods is greatly affected by some key factors in the industry. These important parts help decide how it works or may change over time. One of the main reasons for this market is always changing technology. As new ways to use tech appear, it's very important to test and check products for safety. This makes sure they work well and follow all the rules in their field. Fast changes in parts that use electricity and electronics, like semiconductors and circuits found inside things. We need to check these all the time so they work best. Big rules from all over the world also have a big effect on the market for Testing, Inspection and Certification in Electrical & Electronics.
Governments and world groups make tough rules to guarantee the safety and quality of electric and electronic goods. Following these rules is not just a law need, but also very important for earning the trust of customers. As rules change, TIC service providers have to update their testing and approval methods. This helps them grow while also making the market last longer. People knowing and caring about the safety of products they buy makes a big difference in market activity. In a time where information is easy to get, people who buy things know more and are picky about what they spend their money on. They are looking for products that have been thoroughly checked and approved. This makes people trust in the product's safety and how well it works. So, makers more often use TIC services to stand out from others in selling products. They want people's choices and make their brand better known by doing this right way.
The Electrical & Electronics TIC market is also influenced by the growing emphasis on sustainability and environmental consciousness. As the industry grapples with electronic waste and its environmental impact, there is a rising trend towards eco-friendly and energy-efficient products. TIC services play a crucial role in verifying compliance with environmental standards and certifications, such as RoHS (Restriction of Hazardous Substances) and energy efficiency labels. Manufacturers that demonstrate a commitment to sustainability through TIC compliance gain a competitive advantage in a market where environmental considerations are increasingly important to consumers and regulatory bodies alike.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 102.5 Billion |
| Market Size Value In 2023 | USD 107.79 Billion |
| Growth Rate | 5.17% (2023-2032) |
Electrical Electronics Testing Inspection Certification Market Highlights:
Electrical & Electronics Testing, Inspection & Certification Market Overview
The Electrical & Electronics Testing, Inspection & Certification Market Size was valued at USD 107.8 Billion in 2023. The Electrical & Electronics Testing, Inspection & Certification market industry is projected to grow from USD 113.4 Billion in 2024 to USD 170.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period (2024 - 2032). An increase in smart home initiatives and the requirement for equipment validation are significant market drivers augmenting the growth of the market.
Figure 1:Â Electrical & Electronics Testing, Inspection & Certification Market Size, 2024-2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electrical & Electronics Testing, Inspection & Certification Market Trends
High demand for household appliance testing drives the market growth.
The market CAGR for Electrical & Electronics Testing, Inspection, and Certification (TIC) is growing due to the rising need for testing of home appliances. The demand for dependable and certified electrical and electronic devices has increased as consumers' concerns over product safety, quality, and compliance with regulations have increased. To protect consumers, household equipment, including refrigerators, washing machines, air conditioners, and ovens, must adhere to strict safety requirements and laws. Testing and certification are crucial to ensure that these appliances comply with safety regulations, have adequate insulation, operate as intended, and pose no dangers to users. Manufacturers and importers are increasingly required to adhere to safety requirements to access global markets.
Consumers demand high-quality, dependable appliances with lengthy lifespans and excellent performance. Electrical and electronic testing evaluates these items' functionality, robustness, and dependability. Manufacturers can detect potential flaws or areas for improvement by putting products through thorough testing, ensuring that only high-quality products are released into the market. Increased consumer confidence and trust in the items result from certification based on quality criteria.
Energy efficiency has become a crucial consideration for household appliances due to the increased focus on energy conservation and sustainability. Appliances are subjected to energy efficiency testing to see whether they fulfill predetermined efficiency criteria. Appliances with certification for energy efficiency help consumers cut their power costs while preserving the environment. As a result, there is now more demand for services that test and certify energy efficiency.
Specific testing and certification services are now required due to the electrification of transportation, particularly the explosive expansion of electric vehicles. Battery performance, compatibility with charging infrastructure, safety evaluations, and electromagnetic compatibility (EMC) testing are among the EV-related testing services offered by TIC providers. The rising popularity of EVs and the requirement to guarantee their dependability, safety, and compliance with applicable standards are the main factors driving this trend.
The TIC sector embraces automation and digital transformation to increase efficiency and produce quicker, more precise outcomes. Robotics, artificial intelligence (AI), and machine learning are examples of automation technologies used in testing and inspection procedures, data processing, and report generation. These developments allow TIC providers to improve service delivery while streamlining procedures and lowering human error rates.
Product cybersecurity has become a major worry due to the proliferation of internet-connected gadgets and the emergence of the Internet of Things (IoT). Penetration testing, vulnerability analyses, and code reviews are just a few of the specialized services that TIC providers are currently providing to evaluate the security of electrical and electronic equipment. This trend is driven by the need to safeguard user data's integrity and privacy while defending against online hazards.
Electrical & Electronics Testing, Inspection & Certification Market Segment Insights
Electrical & Electronics Testing, Inspection & Certification Service Type Insights
The global Electrical & Electronics Testing, Inspection & Certification market segmentation, based on service type, includes Testing, Inspection, and Certification service. The testing segment is anticipated to lead the Electrical & Electronics Testing, Inspection & Certification market throughout the forecast period. Electrical and electronics testing services include the assessment and analysis of several electrical and electronic parts, systems, and tools to guarantee their dependability, safety, and adherence to rules and regulations. These services are essential in fields where electrical and electronic devices are widely used, such as manufacturing, automotive, aircraft, telecommunications, and consumer electronics.
For electrical and electronic devices to be safe for users, operators, and the environment, safety testing is essential. This involves assessing factors including electrical insulation, grounding, temperature restrictions, mechanical stability, and safety from electrical shocks or fire. Testing for safety may entail carrying out insulation resistance tests, leakage current tests, dielectric strength tests, and confirming compliance with safety standards and laws like IEC 61010 or UL 60950.
Figure 2: Electrical & Electronics Testing, Inspection & Certification Market, by Service Type, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Electrical & Electronics Testing, Inspection & Certification Product Insights
The global Electrical & Electronics Testing, Inspection & Certification market segmentation, based on product, includes Smart Lighting System, Smart Wiring System, HVAC System, Electrical Component, E-Toys, Household Appliances, and Security & Access Control. The smart lighting system category is expected to hold the major share of the Electrical & Electronics Testing, Inspection & Certification market over the forecast period. Smart lighting solutions' performance, safety, and compliance are assessed as part of the testing, inspection, and certification services for smart lighting systems. These services are crucial for making sure that smart lighting systems adhere to industry norms, legal specifications, and consumer expectations. Assessing the smart lighting system's performance and functioning is known as functional testing. This entails confirming the control features, such as sensor integration, scheduling, color modification, and dimming. Testing confirms that the system performs as expected, reacts appropriately to user inputs or automated triggers, and produces the necessary lighting effects.
Manufacturers, merchants, and end users may assure the effectiveness, quality, and safety of smart lighting systems with testing, inspection, and certification services. Manufacturers can increase consumer confidence and facilitate market access by acquiring certification, demonstrating their conformity with standards and rules.
Electrical & Electronics Testing, Inspection & Certification Offerings Insights
The global Electrical & Electronics Testing, Inspection & Certification market segmentation, based on the offerings, includes Electromagnetic compatibility, Electrical safety, Connectivity, Digital services, Energy efficiency testing, and Cybersecurity services. The electrical safety category is expected to hold the major share of the Electrical & Electronics Testing, Inspection & Certification market over the forecast period. Electrical appliances and equipment must undergo testing to determine their level of safety. To find potential electrical risks and guarantee adherence to safety regulations, qualified specialists use specialized equipment to conduct electrical safety testing. Electrical systems, installations, and equipment are carefully inspected during electrical inspections to find any problems or instances of non-compliance with safety regulations. Electrical engineers or licensed electrical inspectors often carry out inspections.
The cybersecurity services segment is expected to be the fastest-growing segment of the Electrical & Electronics Testing, Inspection & Certification market over the forecast period. Testing, inspection, and certification of cybersecurity services are essential to evaluate the efficiency of security measures, pinpoint weaknesses, and guarantee adherence to norms and legislation. By engaging in these activities, organizations can better safeguard their digital assets, reduce cyber threats, and preserve the privacy, accuracy, and accessibility of their data and information systems.
Electrical & Electronics Testing, Inspection & Certification Regional Insights
By region, the analysis offers market insights into North America, Asia Pacific, Europe, and the Rest of the World. The North American Electrical & Electronics Testing, Inspection & Certification market is anticipated to lead the market throughout the forecast period. Electrical and electronic products are subject to established safety and quality rules in North America. To guarantee product safety, performance, and compliance, regulatory authorities like the National Electrical Code (NEC), the U.S. Consumer Product Safety Commission (CPSC), and several industry-specific standards organizations impose strict requirements. The demand for TIC services to validate and certify the safety and quality of manufacturers' products is driven by the necessity for them to comply with these standards.
Further, the key countries considered in the market report are The US, Canada, German, France, the UK, Spain, Italy, China, Japan, India, South Korea, Brazil, and Australia.
Figure 3: ELECTRICAL & ELECTRONICS TESTING, INSPECTION & CERTIFICATION MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Electrical & Electronics Testing, Inspection & Certification market accounts for the second-highest market share. Manufacturers looking to expand globally often use Europe as a significant market. Market access between member states of the European Union is made easier by agreements on mutual recognition of standards and harmonization. By offering testing, inspection, and certification services that are in line with worldwide standards and specifications, TIC services assist producers in navigating the difficulties of global market access. The TIC market is expanding due to the European market's appeal as a starting point for international expansion. Further, the German Electrical & Electronics Testing, Inspection & Certification market held the largest market share, and the UK Electrical & Electronics Testing, Inspection & Certification market was the fastest-growing market in the European region.
The Asia Pacific Electrical & Electronics Testing, Inspection & Certification Market is expected to grow at the fastest CAGR from 2023 to 2032. Countries like China, India, Japan, and South Korea are leading the way in the region's rapid industrialization and economic expansion. The need for electrical and electronic products is driven by this rise in several industries, such as manufacturing, automotive, consumer electronics, and telecommunications. As a result, TIC services are increasingly necessary to guarantee the quality, safety, and compliance of products. Moreover, China’s Electrical & Electronics Testing, Inspection & Certification market held the largest market share, and the Indian Electrical & Electronics Testing, Inspection & Certification market was the fastest-growing market in the Asia Pacific region.
Electrical & Electronics Testing, Inspection & Certification Key Market Players & Competitive Insights
The key players in the market are investing heavily in research and development to broaden their product portfolios, driving the growth of the electrical and electronics testing, inspection, and certification market. Significant market developments can take a variety of shapes, such as contracts, mergers and acquisitions, increased investments, and partnerships with other companies. Significant industrial companies are also developing several programs to increase their global footprint. If the Electrical & Electronics Testing, Inspection & Certification Company is to grow and succeed in a difficult and competitive market, it must offer services at fair prices.
One of the key strategies companies use to please customers and grow the electrical and electronics testing, inspection, and certification market sector globally is local manufacturing to reduce operational costs. Electrical and electronics testing, inspection, and certification have recently brought considerable benefits to the Energy & Utilities industry. Major corporations in the Electrical & Electronics Testing, Inspection & Certification market, including SGS SA, Bureau Veritas SA, Dekra Certification Gmbh, Intertek Group PLC, and others, are trying to surge market demand by spending on research and development processes.
SGS is a global corporation with its headquarters in Geneva that offers services for inspection, verification, testing, and certification. Around the world, 2,650 offices and laboratories are run by 97,000 employees. SGS's core services include the inspection and verification of traded goods' weight, quantity, and quality; testing product performance and quality against a range of health, safety, and regulatory standards; and ensuring that goods, systems, or services adhere to the standards established by regulatory bodies, standardization organizations, or SGS's clients. SGS established a partnership with Microsoft in January 2022. In order to provide cutting-edge solutions for the customers of the testing, inspection, and certification (TIC) industry, the collaboration will incorporate Microsoft's cross-industry knowledge, advanced data solutions, productivity platforms, worldwide network, and leading industry competence.
Technical services are offered independently by TUV Rheinland AG (TUV Rheinland). The business provides testing and assessment, training and qualification, inspection and supervision, consultancy and project management, certification, and auditing services. Its services offering includes testing, monitoring, development, promotion, and certification of goods, machinery, instruction, procedures, and management systems. The company provides services to a number of industries, including automotive, chemical, construction and real estate, consumer goods and retail, education, energy and utilities, finance and insurance, food, import-export, industrial manufacturing, infrastructure, leisure, and tourism. It works in a number of nations in Europe, Asia, Africa, and the Americas. Germany's Cologne serves as the company's main office. Inspection Verification Bureau Ltd. (IVB) was successfully bought by TÃœV Rheinland in November 2022. The global power, oil, gas, and renewable energy industries can make use of IVB's independent, specialized inspection and verification services. The acquisition strengthens TÃœV Rheinland's position as an industry-leading full-service provider of supplementary services.
Key Companies in the Electrical & Electronics Testing, Inspection & Certification market include
-
-
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
-
NSF International
-
National Technical Systems Inc.
-
TÃœV Rheinland
-
TUV NORD AG
-
CSA Group
-
Element Materials Technology
-
Eurofins Scientific
Electrical & Electronics Testing, Inspection & Certification Industry Developments
November 2022: Inspection Verification Bureau Ltd. (IVB) was successfully bought by TÃœV Rheinland. The global power, oil, gas, and renewable energy industries can make use of IVB's independent, specialized inspection and verification services. The acquisition strengthens TÃœV Rheinland's position as an industry-leading full-service provider of supplementary services.
January 2022: SGS established a partnership with Microsoft. In order to provide cutting-edge solutions for the customers of the testing, inspection, and certification (TIC) industry, the collaboration will incorporate Microsoft's cross-industry knowledge, advanced data solutions, productivity platforms, worldwide network, and leading industry competence.
Electrical & Electronics Testing, Inspection & Certification Market Segmentation
Electrical & Electronics Testing, Inspection & Certification Service Type Outlook
-
Testing
-
Inspection
-
Certification service
Electrical & Electronics Testing, Inspection & Certification Product Outlook
-
Smart Lighting System
-
Smart Wiring System
-
HVAC System
-
Electrical Component
-
E-Toys
-
Household Appliances
-
Security & Access Control
Electrical & Electronics Testing, Inspection & Certification Offerings Outlook
-
Electromagnetic compatibility
-
Electrical safety
-
Connectivity
-
Digital services
-
Energy efficiency testing
-
Cybersecurity services
Electrical & Electronics Testing, Inspection & Certification Regional Outlook
-
North America
-
US
-
Canada
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
