DUBLIN--(BUSINESS WIRE)--The "North America Testing and Commissioning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The North America testing and commissioning market reached a value of US$ 63.1 billion in 2021. Looking forward, the market is projected to reach US$ 81.7 billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

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.

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 globalization, 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.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the North America testing and commissioning market, along with forecasts at the regional and country level from 2022-2027. The report has categorized the market based on service type, commissioning type, sourcing type and End-use industry.

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?
• What has been the impact of COVID-19 on he 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 industry in the North America testing and commissioning market?
• What are the various stages in the value chain of the North America testing and commissioning market?
• What is the structure of the North America testing and commissioning market and who are the key players?
• What is the degree of competition in the North America testing and commissioning market?

Competitive Landscape

• SGS
• Intertek
• Eurofins
• Bureau Veritas
• DNV GL
• Applus
• ALS Global
• TUV Rheinland
• TUV SUD
• BSI Group

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.

Breakup by Sourcing Type:

• In-House
• Outsourced

In-house sourcing is currently the most popular type of sourcing.

Breakup by Commissioning Type:

• 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.

Breakup by End-use Industry:

• Oil and Gas
• Consumer and Retail
• Food and Agriculture
• Construction and Chemicals
• Others

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.

For more information about this report visit https://www.researchandmarkets.com/r/v202zt.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900