Global Cable Testing and Certification Market – Industry Trends and Forecast to 2026 | with Top Key Players Kinectrics, SGS SA, Bureau Veritas, DNV GL AS, UL LLC, British Approvals Service for Cables, CESI S.p.A., Intertek Group plc, TÜV Rheinland, DEKRA
Global Cable Testing and Certification Market report is a synopsis on the study of the Chemical and Materials industry which explains what the market definition, classifications, applications, engagements, and global industry trends are. The report is a directly focuses on all the key players and brands as their moves can always make a difference when it comes to sales, import, export and revenue at a global level because of their recent developments, products launches, research, joint ventures, merges and acquisitions.
Global cable testing and certification was valued at an estimated USD 11.25 billion in 2018, this market value is projected to grow with a CAGR of 5.54% in the forecast period of 2019-2026 resulting in projected value of USD 17.31 billion by 2026. This rise in market value can be attributed to growing adoption of cables and wires that has been a result of rapid urbanization & industrialization.
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Few of the major competitors currently working in the cable testing and certification market are
• Kinectrics,
• SGS SA,
• Bureau Veritas,
• DNV GL AS,
• UL LLC,
• British Approvals Service for Cables,
• CESI S.p.A.,
• Intertek Group plc,
• TÜV Rheinland,
• DEKRA,
• TÜV SÜD,
• TÜV NORD GROUP,
• Building Research Establishment Ltd,
• ALS Limited,
• Japan Electric Cable Technology Center,
• Applus+,
• Eurofins Scientific,
• North Central Electric Cooperative,
• Eland Cables Limited,
• Industrial Tests Inc.,
• CPRI India,
• RN Electronics Ltd
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Global cable testing and certification market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cable testing and certification market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Global Cable Testing and Certification Market By Test (Sample Test, Routine Test, Type Test), Voltage Type (High Voltage, Medium Voltage, Low Voltage), End-User (Cable Manufacturers, Utility Providers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Cable testing and certification is the process of checking the operations and identifying the faults, if any in the cables and wires. It is done according to set standards as specified by the government of particular countries or according to the international standardizations. This process is conducted through an apparatus and specified vendors of this service. This helps in assuring the consumer of these cables and wires that the manufacturing of these particular products was done according to the utmost standards.
Key Questions Answered in Global Cable Testing and Certification Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Cable Testing and Certification Market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Global Cable Testing and Certification Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Cable Testing and Certification Market?
• Who are Opportunities, Risk and Driving Force of Global Cable Testing and Certification Market?
• Who are the opportunities and threats faced by the vendors in Global Cable Testing and Certification Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Cable Testing and Certification Market opportunities, market risk and market overview of the Market?
Market Drivers:
Increasing levels of urbanization and industrialization resulting in high adoption of cables & wires used in electricity generation and transferring
Rise in growth of the electronics and IT industry; this factor is expected to act as a driver for the market growth
Market Restraints:
High costing of the entire process of cable testing and certification; this factor is expected to act as a restraint to the market growth
Key Developments in the Market:
• In September 2018, TÜV Rheinland and Shenzhen No.3 Vocational School of Technology announced that they had agreed to cooperate and build Sino-German Industry 4.0 Demonstration and Training Center. This center is expected to demonstrate and teach the latest innovations and technology in smart manufacturing, this center is also expected to introduce the company’s “TÜV PersCert” certification system.
• In June 2018, UL LLC announced that they had signed a Memorandum of Understanding (MOU) with Thai Industrial Standards Institute. This MOU comprises of the exchange of information related to standards between the two associating organizations, along with issues related to safety.
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