Asia-Pacific Testing, Inspection & Certification Market to 2027 Report Highlights Diversity, Novelty and Impact of Emerging Solutions.

The progression of technological advancement, along with the popularity of the internet of things (IoT) has a profound positive impact over the maintenance and inspection through the introduction of predictive maintenance. Furthermore, the rise in emphasis towards reducing equipment and machinery downtime has added to the demand for frequent maintenance, testing, and inspection of critical assets and systems. As a result, the market players in line with the end-user requirements have adopted as well as modified their market-related offerings for enabling superior customer experience for their large clients. Subsequently, the availability of technologically superior equipment and devices for testing or inspection application has facilitated in enabling accurate and seamless inspection of significant assets and systems compared to conventional approaches.

The existing large number of market players, along with high market competition, has resulted in a surge in the volume of mergers and acquisition across the TIC industry. The leading market players operating in the market have focused heavily on the merger and acquisition strategy for boosting the growth of their group revenue. Furthermore, the selected leading players in the market accounted for the majority share in the mergers & acquisition in the past decade for propelling the revenue growth of the players. Also, the strategies are projected to continue to remain popular across the leading market players during the coming years.

Currently, China is dominating the Asia-Pacific testing, inspection & certification market, which in turn boost the demand for testing, inspection & certification market in Asia-Pacific. The country is also attracting huge FDIs owing to government initiatives such as “Made in China” to propel the manufacturing sector of the company. Compiling to this, several multinationals operating in different sectors are targeting the Chinese market and opening their manufacturing facilities in the country. Attributed to the presence of a robust manufacturing industry in the country, the demand for the TIC market is anticipated to witness robust. Further, there are over 300 certified foreign-invested TIC companies operating in the country. Most of these companies are located in the more developed eastern regions, as per China's Certification and Accreditation Administration. Further, the administration also stated that in 2015-2017, the number of TIC companies increased at an average annual rate of 26%.

 

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Leading Asia-Pacific Testing, Inspection & Certification Market Players:

  • ALS Limited
  • Applus Services, SA
  • Bureau Veritas
  • DEKRA Automobil GmbH
  • DNV GL
  • Eurofins Group
  • Intertek Group plc
  • SGS SA
  • TÜV Rheinland AG
  • TÜV SÜD AG.

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Key Elements that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the 3D Concrete Printing Market.
  • Key market trends cracking up the growth of the 3D Concrete Printing Market.
  • Challenges to market growth.
  • Key vendors of 3D Concrete Printing Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global 3D Concrete Printing Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

 

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

 

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Posted by on Monday October 14 2019, 4:30 PM EST. All trademarks acknowledged. Filed under Manufacturing, Manufacturing & Construction. Comments and Trackbacks closed. Follow responses: RSS 2.0

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