South East United States Testing and Commissioning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

South East United States Testing and Commissioning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • February 2022 •
  • 158 pages •
  • Report ID: 6229989 •
  • Format: PDF
The South East United States testing and commissioning market reached a value of US$ 10.22 Million in 2021. Looking forward, the analyst expects the market to reach a value of US$ 14.33 Million by 2027 exhibiting a CAGR of 5.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Testing and commissioning refer to a set of procedures, primarily conducted to ensure that the services, infrastructures, and products adhere to the mandated regulations and standards. The certified norms are associated with the quality, performance and technical safety of the product, and assist the consumer in making a safe purchase. Some of the common testing and commissioning equipment include product simulation systems, analytical laboratory instruments, diagnostic equipment, sensors and data acquisition instruments, etc. Testing and commissioning can be carried out independently of stakeholders, or at the request of the manufacturer, or on behalf of either private or public authorities, or the purchaser or end-user.

South East United States Testing and Commissioning Market Trends:
A significant rise in international trade activities, along with the increasing need for efficient inspection and certification services, is primarily driving the market for testing and commissioning in the Southeast United States. Moreover, the growing concerns towards product quality and intense market competition are also compelling several organizations to adopt testing and commissioning services. Apart from this, the launch of numerous stringent regulations by the government bodies related to health, environment, and product safety, particularly across sectors such as oil and gas, construction, chemicals, etc., is further augmenting the market growth. Owing to the introduction of the Food Safety Modernization Act, various food processing units are focusing on food safety audits and quality assessment activities, which is acting as a significant growth-inducing factor. In the healthcare sector, the shifting preferences from a voluntary-based risk management approach towards mandatory testing services are also bolstering the regional market. Moreover, the growing inclination towards outsourcing of testing, inspection, and certification services is positively influencing the overall market growth. Additionally, the rising adoption of numerous advanced technologies, such as digital processing, predictive maintenance, Big Data, etc., to offer premium testing and commissioning services to the end-users will continue to drive the market in the Southeast United States over the coming years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the South East United States testing and commissioning market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on service type and commissioning type.

Breakup by Service Type:
Testing
Commissioning
Certification

Breakup by Commissioning Type:
Initial
Retro
Continuous

Breakup by Region:
Florida
North Carolina
Georgia
Tennessee
South Carolina
Alabama
Mississippi
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ALS Limited, Applus RTD USA, Inc, BSI Group, Bureau Veritas, DNV GL, Eurofins US, Intertek USA Inc., SGS North America Inc., TUV Rheinland, and TUV SUD.

Key Questions Answered in This Report:
How has the South East United States testing and commissioning market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the South East United States testing and commissioning market?
What are the key regional markets?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the commissioning type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the South East United States testing and commissioning market and who are the key players?
What is the degree of competition in the industry?