1 Executive Summary
2 Market Introduction
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
3 Research Methodology
3.1 RESEARCH PROCESS 23
3.2 PRIMARY RESEARCH 24
3.2.1 BREAKDOWN OF PRIMARY RESPONDENTS 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 26
3.5 TOP-DOWN & BOTTOM-UP APPROACH 27
3.6 FORECASTING TECHNIQUES 29
3.7 LIST OF ASSUMPTIONS 30
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 33
5.2 DRIVERS 34
5.2.1 INCREASING DEMAND IN HOUSEHOLD APPLIANCE TESTING 34
5.2.2 GROWING NEED FOR ELECTRICAL EQUIPMENT VALIDATION 34
5.2.3 INCREASING GLOBALISATION AND GROWING BRAND PROTECTION 34
5.2.4 DRIVERS IMPACT ANALYSIS 35
5.3 RESTRAINT 35
5.3.1 LACK OF GLOBAL CERTIFICATION STANDARDS 35
5.3.2 LACK OF SKILLED PERSONNEL 36
5.3.3 RESTRAINT IMPACT ANALYSIS 36
5.4 OPPORTUNITY 37
5.4.1 GROWING SMART HOME PROJECTS 37
5.5 CHALLENGE 37
5.5.1 CHANGE IN TECHNOLOGIES AND REGULATIONS 37
6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 38
6.1.1 GOVERNMENT 39
6.1.2 TIC SERVICE PROVIDERS 39
6.1.3 END USERS 39
6.2 PORTER’S FIVE FORCES 40
6.2.1 THREAT OF NEW ENTRANTS 40
6.2.2 BARGAINING POWER OF SUPPLIERS 41
6.2.3 THREAT OF SUBSTITUTES 41
6.2.4 BARGAINING POWER OF BUYERS 41
6.2.5 COMPETITIVE RIVALRY 41
7 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE
7.1 OVERVIEW 42
7.2 TESTING 43
7.3 INSPECTION 43
7.4 CERTIFICATION 43
8 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT
8.1 OVERVIEW 44
8.2 SMART LIGHTING SYSTEM 46
8.3 SMART WIRING SYSTEM 46
8.4 HVAC SYSTEMS 46
8.5 ELECTRICAL COMPONENT 46
8.6 E-TOYS 47
8.7 HOUSEHOLD APPLIANCES 47
8.8 SECURITY & ACCESS CONTROL 47
9 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERING
9.1 OVERVIEW 48
9.2 ELECTROMAGNETIC COMPATIBILITY 50
9.3 ELECTRICAL SAFETY 50
9.4 CONNECTIVITY 50
9.5 DIGITAL SERVICES 50
9.6 ENERGY EFFICIENCY TESTING 50
9.7 CYBERSECURITY SERVICES 50
10 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY REGION
10.1 OVERVIEW 51
10.2 MARKET ESTIMATES AND FORECAST, BY REGION, 2020 VS 2027 51
10.3 NORTH AMERICA 53
10.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020–2027 53
10.3.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2020–2027 54
10.3.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2020–2027 55
10.3.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2020–2027 57
10.3.5 US 58
10.3.6 CANADA 61
10.3.7 MEXICO 64
10.4 EUROPE 68
10.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020–2027 68
10.4.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2020–2027 69
10.4.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2020–2027 70
10.4.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2020–2027 72
10.4.5 UK 73
10.4.6 GERMANY 76
10.4.7 FRANCE 79
10.4.8 ITALY 82
10.4.9 REST OF EUROPE 85
10.5 ASIA-PACIFIC 89
10.5.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020–2027 89
10.5.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2020–2027 90
10.5.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2020–2027 91
10.5.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2020–2027 93
10.5.5 CHINA 94
10.5.6 JAPAN 97
10.5.7 SOUTH KOREA 100
10.5.8 INDIA 103
10.5.9 REST OF ASIA-PACIFIC 106
10.6 REST OF THE WORLD 110
10.6.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY, 2020–2027 110
10.6.2 MARKET ESTIMATES AND FORECAST, BY SERVICE TYPE, 2020–2027 111
10.6.3 MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2020–2027 112
10.6.4 MARKET ESTIMATES AND FORECAST, BY OFFERINGS, 2020–2027 114
10.6.5 MIDDLE EAST AND AFRICA 115
10.6.6 CENTRAL AND SOUTH AMERICA 118
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE OVERVIEW 122
11.2 MARKET SHARE ANALYSIS, 2020 123
11.3 COMPETITIVE BENCHMARKING 124
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 125
11.4.1 MERGERS AND ACQUISITION 125
11.4.2 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT 126
11.4.3 PARTNERSHIP/COLLABORATIONS 127
11.4.4 ACCREDITATIONS AND CERTIFICATIONS 128
12 COMPANY PROFILES
12.1 SGS SA 129
12.1.1 COMPANY OVERVIEW 129
12.1.2 FINANCIAL OVERV 130
12.1.3 IEW 130
12.1.4 PRODUCTS/SERVICES/SOLUTIONS OFFERED 131
12.1.5 KEY DEVELOPMENTS 131
12.1.6 SWOT ANALYSIS 132
12.1.7 KEY STRATEGIES 132
12.2 BUREAU VERITAS SA 133
12.2.1 COMPANY OVERVIEW 133
12.2.2 FINANCIAL OVERVIEW 134
12.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 135
12.2.4 KEY DEVELOPMENTS 135
12.2.5 SWOT ANALYSIS 136
12.2.6 KEY STRATEGIES 136
12.3 DEKRA CERTIFICATION GMBH 137
12.3.1 COMPANY OVERVIEW 137
12.3.2 FINANCIAL OVERVIEW 138
12.3.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 139
12.3.4 KEY DEVELOPMENTS 139
12.3.5 SWOT ANALYSIS 140
12.3.6 KEY STRATEGIES 140
12.4 INTERTEK GROUP PLC 141
12.4.1 COMPANY OVERVIEW 141
12.4.2 FINANCIAL OVERVIEW 142
12.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 142
12.4.4 KEY DEVELOPMENTS 143
12.4.5 SWOT ANALYSIS 143
12.4.6 KEY STRATEGIES 143
12.5 ALS LIMITED 144
12.5.1 COMPANY OVERVIEW 144
12.5.2 FINANCIAL OVERVIEW 145
12.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 146
12.5.4 KEY DEVELOPMENTS 146
12.5.5 SWOT ANALYSIS 147
12.5.6 KEY STRATEGIES 147
12.6 ASTM INTERNATIONAL 148
12.6.1 COMPANY OVERVIEW 148
12.6.2 FINANCIAL OVERVIEW 149
12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 149
12.6.4 SWOT ANALYSIS 150
12.6.5 KEY STRATEGIES 150
12.7 THE BRITISH STANDARDS INSTITUTION (BSI) GROUP 151
12.7.1 COMPANY OVERVIEW 151
12.7.2 FINANCIAL OVERVIEW 152
12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 153
12.7.4 KEY DEVELOPMENTS 153
12.7.5 SWOT ANALYSIS 154
12.7.6 KEY STRATEGIES 154
12.8 SAI GLOBAL LIMITED 155
12.8.1 COMPANY OVERVIEW 155
12.8.2 FINANCIAL OVERVIEW 155
12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 155
12.8.4 KEY DEVELOPMENTS 156
12.8.5 SWOT ANALYSIS 156
12.8.6 KEY STRATEGIES 156
12.9 TÜV SÜD 157
12.9.1 COMPANY OVERVIEW 157
12.9.2 FINANCIAL OVERVIEW 158
12.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 158
12.9.4 KEY DEVELOPMENTS 159
12.9.5 SWOT ANALYSIS 159
12.9.6 KEY STRATEGIES 159
12.10 APPLUS+ 160
12.10.1 COMPANY OVERVIEW 160
12.10.2 FINANCIAL OVERVIEW 160
12.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 161
12.10.4 SWOT ANALYSIS 162
12.10.5 KEY STRATEGIES 162
12.11 UL LLC 163
12.11.1 COMPANY OVERVIEW 163
12.11.2 FINANCIAL OVERVIEW 163
12.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 163
12.11.4 KEY DEVELOPMENTS 164
12.11.5 KEY STRATEGIES 164
12.12 NSF INTERNATIONAL 165
12.12.1 COMPANY OVERVIEW 165
12.12.2 FINANCIAL OVERVIEW 165
12.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 165
12.12.4 KEY DEVELOPMENTS 165
12.12.5 KEY STRATEGIES 166
12.13 NATIONAL TECHNICAL SYSTEMS, INC. (NTS) 167
12.13.1 COMPANY OVERVIEW 167
12.13.2 FINANCIAL OVERVIEW 167
12.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 167
12.13.4 KEY DEVELOPMENTS 167
12.14 TÜV RHEINLAND AG 168
12.14.1 COMPANY OVERVIEW 168
12.14.2 FINANCIAL OVERVIEW 169
12.14.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 170
12.14.4 KEY DEVELOPMENTS 170
12.14.5 SWOT ANALYSIS 171
12.14.6 KEY STRATEGIES 171
12.15 TÜV NORD AG 172
12.15.1 COMPANY OVERVIEW 172
12.15.2 FINANCIAL OVERVIEW 173
12.15.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 174
12.15.4 KEY DEVELOPMENTS 174
12.15.5 SWOT ANALYSIS 175
12.15.6 KEY STRATEGIES 175
12.16 CSA GROUP 176
12.16.1 COMPANY OVERVIEW 176
12.16.2 PRODUCTS/SERVICES/SOLUTIONS OFFERED 176
12.16.3 KEY DEVELOPMENTS 176
12.17 ELEMENT MATERIALS TECHNOLOGY 177
12.17.1 COMPANY OVERVIEW 177
12.17.2 FINANCIAL OVERVIEW 177
12.17.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 177
12.17.4 KEY DEVELOPMENTS 177
12.18 EUROFINS SCIENTIFIC 178
12.18.1 COMPANY OVERVIEW 178
12.18.2 FINANCIAL OVERVIEW 179
12.18.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED 179
12.18.4 KEY DEVELOPMENTS 180
12.18.5 SWOT ANALYSIS 181
12.18.6 KEY STRATEGIES 181
13 List Of Tables
TABLE 1 LIST OF ASSUMPTIONS 30
TABLE 2 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 42
TABLE 3 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 43
TABLE 4 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 45
TABLE 5 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 45
TABLE 6 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERING, 2020–2027 (USD MILLION) 49
TABLE 7 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 49
TABLE 8 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY REGION, 2020–2027 (USD MILLION) 52
TABLE 9 GLOBAL ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY REGION, 2020–2027 (USD MILLION) 52
TABLE 10 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 53
TABLE 11 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 54
TABLE 12 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020 VS 2027 (USD MILLION) 54
TABLE 13 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 54
TABLE 14 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 55
TABLE 15 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2020 VS 2027 (USD MILLION) 55
TABLE 16 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 56
TABLE 17 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 56
TABLE 18 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 57
TABLE 19 NORTH AMERICA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 58
TABLE 20 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 58
TABLE 21 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 59
TABLE 22 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 59
TABLE 23 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 60
TABLE 24 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 60
TABLE 25 US: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 61
TABLE 26 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 61
TABLE 27 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 62
TABLE 28 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 62
TABLE 29 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 63
TABLE 30 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 63
TABLE 31 CANADA: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFERINGS, 2020–2027 (USD MILLION) 64
TABLE 32 MEXICO: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 64
TABLE 33 MEXICO: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY SERVICE TYPE, 2020–2027 (USD MILLION) 65
TABLE 34 MEXICO: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 65
TABLE 35 MEXICO: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION) 66
TABLE 36 MEXICO: ELECTRICAL & ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET, BY OFFER
