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HomeBusinessTesting and Commissioning Market Share, Size, Growth, Opportunity and Forecast 2022-2027

Testing and Commissioning Market Share, Size, Growth, Opportunity and Forecast 2022-2027

According to IMARC Group’s latest report, titled Testing and Commissioning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global testing and commissioning market reached a value of US$ 219.1 Billion in 2021. Testing and commissioning represent a range of quality-oriented techniques implemented to assess the performance of various services, facility systems, and infrastructures. It involves planning, coordinating, laboratory evaluation, documentary checks, verification, and risk management as standard procedures. Testing and commissioning aids in maximizing the energy efficiency of systems, meeting the mandated standards concerning quality and safety, and extending product life at reduced operation and maintenance costs. Consequently, it is extensively carried out by private and public authorities throughout the supply chain operations.

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Rapid globalization and the emergence of complex supply chain operations have facilitated the widespread adoption of testing and commissioning processes across various industrial verticals, which is primarily driving the market growth. Additionally, the implementation of stringent standards and regulations by governments has prompted manufacturers to employ testing and commissioning procedures to ensure product quality and safety. This, in turn, is propelling the market growth. Apart from this, the execution of voluntary-based risk management and the introduction of digital inspection solutions over manual processes and their large-scale integration with sensors, big data, and predictive maintenance systems are contributing to the market growth. Looking forward, IMARC Group expects the global testing and commissioning market to reach US$ 295.5 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • SGS SA
  • Bureau Veritas SA
  • Intertek Group plc

Key Highlights of the Market Segmentation:

Breakup by Service Type:

  • Testing
  • Certification
  • Commissioning

Breakup by Commissioning Type:

  • Initial Commissioning
  • Retro Commissioning
  • Monitor-Based Commissioning

Breakup by Sourcing Type:

  • Inhouse
  • Outsourced

Breakup by End Use Sector:

  • Construction
  • Industrial
  • Consumer Products
  • Life Sciences
  • Oil and Gas
  • Food and Agriculture
  • Marine and Offshore
  • Transport and Aerospace
  • Energy and Power
  • Chemicals
  • Others

Breakup by Region:

  • Europe
  • Asia Pacific
  • North America
  • Middle East and Africa
  • Latin America

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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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