Global Fire Testing Market Size study, By Service (Testing, Inspection, Certification, Others), By Sourcing (In-house, Outsourced), By Application (Consumer Goods & Electronics, Construction & Infrastructure, Energy & Power, Industrial & Manufacturing, Oi

Global Fire Testing Market Size study, By Service (Testing, Inspection, Certification, Others), By Sourcing (In-house, Outsourced), By Application (Consumer Goods & Electronics, Construction & Infrastructure, Energy & Power, Industrial & Manufacturing, Oil & Gas and Petroleum, Others), and Regional Forecasts 2022-2028

Global Fire Testing Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. A fire testing is a procedure that is performed to determine the minimum performance conditions of fire protection products that are set out in a building code or other applicable regulations. This testing is used to check the area covered, flame spread rate, fire resistance, heat release rate, temperature, etc. for offering successful protection certification for installation at the site. Accordingly, this testing method plays a significant role in population and building safety. The increasing demand for safety systems in industries, the flourishing growth of the construction sector, coupled with the growing automation in buildings are the major driving factors fostering the market demand across the globe. For instance, according to Statista, in the United States, the new construction activities in 2020 stood at around USD 1.5 trillion. Also, construction spending has been grown and projected to reach USD 1.8 trillion by 2025. Thereby, the increasing expenditure across the construction segment is fueling the demand for fire testing systems, which, in turn, augments the market growth in the impending years. However, the lack of awareness of fire safety in several developing countries impedes the growth of the market over the forecast period of 2022-2028. Also, the growing adoption of the smart city concept and the rising imposition of the government norms for fire safety is anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Fire Testing Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising number of government safety regulations and increasing smart city initiatives. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as infrastructural development, as well as rapid urbanization and industrialization, would create lucrative growth prospects for the Fire Testing Market across the Asia-Pacific region.

Major market players included in this report are:
Intertek Group plc
TUV SUD
SGS Group
Bureau Veritas SA
UL LLC
Dekra SE
Applus+
United Technologies
Element Materials Technology
International Fire Consultants Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service:
Testing
Inspection
Certification
Others
By Sourcing:
In-house
Outsourced
By Application:
Consumer Goods & Electronics
Construction & Infrastructure
Energy & Power
Industrial & Manufacturing
Oil & Gas and Petroleum
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Fire Testing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Intertek Group plc
TUV SUD
SGS Group
Bureau Veritas SA
UL LLC
Dekra SE
Applus+
United Technologies
Element Materials Technology
International Fire Consultants Group

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.