Latest news with #Inspection
Zawya
4 days ago
- Business
- Zawya
Bureau Veritas Strengthens Regional Presence in Southern Africa
In Johannesburg, the company's new office in Sandton, was officially inaugurated. The event was attended by local employees and the regional leadership from South Africa, Zambia, and Namibia. This relocation places Bureau Veritas ( at the centre of Southern Africa's financial and commercial hub. Following the inauguration, the Bureau Veritas team conducted visits to oil&gas and energy clients in neighbouring Maputo, Mozambique, bringing together key stakeholders and partners, reinforcing Bureau Veritas as the preferred partner in Testing, Inspection and Certification (TIC) sector in the region. It comes as Bureau Veritas Mozambique recently celebrated its 15th anniversary, with celebrations taking place in their new offices in Maputo. Khurram Majeed EVP Middle East, Caspian and Africa said 'As part of Bureau Veritas' LEAP | 28 Strategy, Southern Africa has been identified as a key region for the company's growth on the African continent. I was pleased to visit the teams here and see the strength and commitment across the region. Their passion and expertise show that we are driving real impact for our clients." Speaking on the regional head office move, Area Chief Executive for Southern Africa Gavin Hefer added,"Moving into the heart of Sandton puts us at the centre of the region's commercial and innovation ecosystem. We are closer to our clients, partners, and key stakeholders – and better positioned to serve them. We are excited about our prospects in Southern Africa and there is a lot of energy within our teams to continue driving value to our clients.' Bureau Veritas' in Southern Africa Bureau Veritas has been operating in Southern Africa since for over two decades leveraging its global expertise to support industry-specific needs across the region. With presence in South Africa, Zambia, Mozambique, Zimbabwe and Namibia, Bureau Veritas delivers testing, inspection and certification services to ensure safety, compliance and quality across the region to both the public and private sectors. Distributed by APO Group on behalf of Bureau Veritas. MEDIA CONTACTS: Mellony RAMALHO +27 (0)011 217 6300 Prince CEKESHE +27 (71 786 8388) Follow us on: LinkedIn X/Twitter About Bureau Veritas: Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for its customers' excellence and sustainability, the company innovates to help them navigate change. Created in 1828, Bureau Veritas' 83,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI For more information, visit The head office for Bureau Veritas Southern Africa is based in Sandton, Johannesburg – South Africa For more information, visit.
Gulf Insider
16-05-2025
- Business
- Gulf Insider
44 Truckloads Of Waste From Illegal Manama Street Vendors
Manama's streets saw 44 truckloads of unlicensed vendor materials cleared in the first quarter of the year, council members heard during yesterday's Capital Trustees Board session. A detailed briefing laid out recent sweeps carried out in tandem with other aim was to rein in unlicensed selling and bring order to public spaces often blocked or cluttered by hawkers. Khalifa Al Kaabi, Acting Director of Inspection, said clear rules are in place. Safety rules Only Bahraini citizens can apply for a street vending spot. They must be jobless, at least 21 years old, and follow safety rules when trading in the approved spots. Yousif Al Bannai, Acting Head of Cleaning, said the issue of foreign hawkers remains stubborn, especially in busy parts of the capital. Eleven sweeps were carried out between January and March, targeting hotspots like Shaikh Hamad Avenue, Sa'sa'a Avenue, and Zubara Avenue. These efforts cleared dozens of lorry-loads of gear and rubbish. An inspector brought over from Muharraq Municipality said several men had been caught selling fish on Sitra Island without a licence. Fines of up to BD100 were handed out. Lamya Al Fadhala, Acting Director General of the Capital Municipality, said any meat or vegetables taken from unlicensed vendors is thrown out. Some of it has expired, and the rest is simply unsafe to eat. She urged Bahraini sellers to sort out their paperwork, follow health and safety rules, and stick to the town's trading guidelines. Also read: Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Daily Tribune
15-05-2025
- Daily Tribune
44 truckloads of waste from illegal Manama street vendors cleared
Manama's streets saw 44 truckloads of unlicensed vendor materials cleared in the first quarter of the year, council members heard during yesterday's Capital Trustees Board session. A detailed briefing laid out recent sweeps carried out in tandem with other bodies. The aim was to rein in unlicensed selling and bring order to public spaces often blocked or cluttered by hawkers. Khalifa Al Kaabi, Acting Director of Inspection, said clear rules are in place. Safety rules Only Bahraini citizens can apply for a street vending spot. They must be jobless, at least 21 years old, and follow safety rules when trading in the approved spots. Yousif Al Bannai, Acting Head of Cleaning, said the issue of foreign hawkers remains stubborn, especially in busy parts of the capital. Eleven sweeps were carried out between January and March, targeting hotspots like Shaikh Hamad Avenue, Sa'sa'a Avenue, and Zubara Avenue. These efforts cleared dozens of lorry-loads of gear and rubbish. An inspector brought over from Muharraq Municipality said several men had been caught selling fish on Sitra Island without a licence. Fines of up to BD100 were handed out. Lamya Al Fadhala, Acting Director General of the Capital Municipality, said any meat or vegetables taken from unlicensed vendors is thrown out. Some of it has expired, and the rest is simply unsafe to eat. She urged Bahraini sellers to sort out their paperwork, follow health and safety rules, and stick to the town's trading guidelines.
Yahoo
06-05-2025
- Business
- Yahoo
Share Worth USD 352.24 Billion by 2034 at a 3.4% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value)
These services include product testing, supply chain inspection, and system certification. Expansion in renewables, EVs, and digital technologies is driving demand for expertise-driven TIC services. In countries like India and China, government policies in support of infrastructure and safety are boosting TIC activity. With sustainability increasingly becoming a global issue, TIC firms are also helping to assess environmental impacts and conduct green certification processes. The industry is worth over USD 200 billion in 2022 and is expanding due by the development of globalization, increasing regulation, and increasing consumer demands (Market Research Future, 2023). Large players such as SGS, Bureau Veritas, TÜV NORD GROUP, TÜV SÜD, DEKRA SE, and DNV GL offer services to industries such as automotive, food, energy, and consumer goods. We gain an understanding of the worldwide TIC market and its growing role in ensuring quality and compliance. The testing, inspection, and certification (TIC) industry globally plays a crucial role in making products, systems, and services of quality, safe, and regulatory compliance. Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification (TIC) Market @ 'According to the latest research study, the demand of the global Testing Inspection and Certification TIC Market size & share was valued at approximately USD 255.19 Billion in 2024 and is expected to reach USD 262.97 Billion in 2025 and is expected to reach a value of around USD 352.24 Billion by 2034, at a compound annual growth rate (CAGR) of about 3.4% during the forecast period 2025 to 2034.' Austin, TX, USA, May 06, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled ' Testing, Inspection and Certification (TIC) Market Size, Share, Growth Analysis Report By Type (Inspection, Certification, Testing), By Domain (Medical & Life Science, Chemical, Consumer Goods, Food & Beverages), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2025–2034 ' in its research database. [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Testing Inspection and Certification TIC Market size & share revenue was valued at approximately USD 255.19 Billion in 2024 and is expected to reach USD 262.97 Billion in 2025 and is expected to reach around USD 352.24 Billion by 2034, at a CAGR of 3.4% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are SGS, Bureau Veritas, TÜV NORD GROUP, TÜV SÜD, DEKRA SE, DNV GL, Lloyd Register Group, MISTRAS Group, Element Materials Technology, Apave International, and others. Story Continues Testing, Inspection and Certification (TIC) Market Growth Factors and Dynamics Growing Need for Digital Transformation: The Intersection of cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) is transforming the TIC market. These technologies provide improved accuracy, efficiency, and speed of test and inspection processes. AI and ML-driven algorithms can process vast amounts of data and recognize patterns and anomalies, enabling predictive maintenance and fault detection in advance. For example, in October 2024, Bureau Veritas, a world leader in Testing, Inspection and Certification services, acquired Aligned Incentives, a Massachusetts-based company providing AI-driven sustainability planning solutions. The acquisition helps Bureau Veritas enhance its abilities in analyzing Scope 3 emissions and life cycle assessment (LCA) to support its LEAP 28 strategy for expanding sustainability services. Aligned Incentives' GenAI-driven AITrack solution provides detailed insights into corporate portfolios, enabling companies to efficiently measure and control carbon footprints. We make the strategic decision to meet the growing demands for concise ESG disclosures and accelerate our customers' transition to a lower-carbon economy. Global Regulatory Compliance Growth: As industries expand overseas, compliance with various regulatory standards is becoming mandatory. The TIC market has a significant role in facilitating the capability of companies to deal with intricate regulatory environments to ensure that products are compatible with international levels of safety and quality. Compliance is required in a bid to guarantee market access and prevent legal entrapment. For example, in June 2024, Trina Storage collaborated with TÜV SÜD to develop an end-to-end test and certification program that ensures that its energy storage products are compliant with the new EU Battery Regulation (EU2023/1542). The collaboration encompasses seven priority areas, ranging from safety and carbon footprint to recyclability. The collaboration will also include training personnel, setting regulatory rules, and making preparations for conformity assessments. The move is aimed at enhancing sustainability, regulatory compliance, and market leadership in energy storage technology. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Sustainability Programs: As the government and consumer consciousness compel the environment, companies are adopting sustainability. The TIC market demonstrates this commitment through environmental audits, the identification of carbon footprints, and sustainability reporting. For example, on February 26, 2025, the European Commission launched the Clean Industrial Deal to speed up the shift toward the green economy and make Europe a world leader in sustainable industrial change. The initiatives include both environmental and chemical ones, such as speeding up clean manufacturing and energy, boosting clean EU product demand, and promoting circularity through implementing the Critical Raw Materials Act and a Circular Economy Act. Additionally, the initiatives include trade policy measures such as tariff hikes, the adoption of Trade Defence Instruments, the strengthening of the Carbon Border Adjustment Mechanism (CBAM), and the establishment of Clean Trade and Investment Partnerships. They also encompass competition policy in areas like state aid rules, antitrust regulations, and merger control to promote innovation and prevent monopolies in markets. Report Scope Feature of the Report Details Market Size in 2025 USD 262.97 Billion Projected Market Size in 2034 USD 352.24 Billion Market Size in 2024 USD 255.19 Billion CAGR Growth Rate 3.4% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Source, Service Type, Application, Industrial Vertical and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Testing Inspection and Certification (TIC) report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: The 2024 updated report includes an introduction, an overview, and an in-depth industry analysis. The package includes the COVID-19 Pandemic Outbreak Impact Analysis. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Testing Inspection and Certification (TIC) report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Testing, Inspection and Certification (TIC) Market SWOT Analysis Strengths: The TIC business is driven by strong global demand for regulatory compliance, safety assurance, and quality control across different industries such as automotive, healthcare, aerospace, and food. Players like SGS, Bureau Veritas, TÜV SÜD, and DEKRA have extensive experience spanning decades and global accreditation, ensuring consistent service quality. These players play a crucial role in facilitating international trade by ensuring products and systems meet regulatory requirements. Their well-established relationships, technical skills, and brand reputation render them go-to partners for businesses operating in highly regulated environments. Weaknesses: Despite its advantages, the TIC market faces a range of internal issues. Excessive operating expenses in terms of the requirement for advanced testing equipment, skilled staff, and constant compliance updates can be prohibitive, especially for smaller operators. The market is also extremely fragmented with different standards and regulatory needs across regions, which can cause inefficiencies and inconsistencies. Most TIC firms are also highly dependent on certain industries for revenues, and therefore, they are susceptible to sector-specific slowdowns or disruptions. Opportunities: The market is rich with growth prospects, especially in developing economies where globalization and industrialization are growing at a rapid pace. Growing concern for product safety and environmental compliance is fueling the demand for TIC services in markets such as Southeast Asia, Africa, and Latin America. Advances in technology—AI, IoT, and automation—allow for smarter and quicker inspection processes, creating opportunities for innovative services. Moreover, emerging industries such as renewable energy, cybersecurity, and digital health offer new spaces where TIC services can play a key role. Threats: Strict competition, particularly from local providers of lower-cost options, is increasingly challenging the TIC sector. Such pressure on prices can result in smaller margins and substandard service delivery. Additionally, coping with sophisticated and changing regulatory environments can cause delays in certification processes and higher risks of operation. The existence of non-accredited or unauthorized providers also compromises the integrity of certified services, risking customer trust and industry standards. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ Key questions answered in this report: What is the size of the Testing Inspection and Certification TIC market and what is its expected growth rate? What are the primary driving factors that push the Testing Inspection and Certification TIC market forward? What are the Testing Inspection and Certification TIC Industry's top companies? What are the different categories that the Testing Inspection and Certification TIC Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Testing Inspection and Certification TIC market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Testing Inspection and Certification (TIC) Research Report | Fast Delivery Available - [220+ Pages] @ Testing, Inspection and Certification (TIC) Market Regional Analysis We can divide the Testing, Inspection and Certification TIC Market based on different regions such as North America, Europe, Asia-Pacific, and LAMEA. A summary of each of these regions follows: Strict regulatory standards in industries such as healthcare, automotive, aerospace, and food & beverage drive North America's TIC industry. Growing regulatory complexity demands strict Testing, Inspection and Certification procedures to guarantee compliance and safety. Technology growth and a growing focus on sustainability also enhance the need for TIC services in the region. For instance, in April 2024, UL Solutions, a global leader in safety science and testing, launched its initial public offering, aiming to raise $812 million by selling 28 million secondary shares priced between $26 and $29 each. The offering, conducted entirely by its sole stockholder, UL Standards & Engagement, did not provide proceeds to UL Solutions itself. The shares began trading on the New York Stock Exchange under the ticker 'ULS,' with the IPO ultimately upsized to 33.8 million shares priced at $28, raising approximately $1.1 billion. UL Solutions provides testing, inspection, certification, software, and advisory services worldwide, supporting product safety, security, and sustainability across more than 100 countries. Europe: Europe's TIC market is dominated by stringent regulatory standards for industries like consumer goods, automobiles, and health. The concentration on product safety, environmental compatibility, and quality is what dictates the demand for extensive TIC services in this region. Incorporation of digital technologies like AI is also shaping the TIC environment in Europe. For instance, in May 2023, Applus+ is integrating artificial intelligence (AI) to enhance its inspection processes, improve efficiency, and offer advanced services across various sectors, including non-destructive testing, automotive testing, and statutory vehicle inspection. AI is used to automate the analysis of data and images, such as assessing pipeline wall thicknesses and providing technical support to inspectors, as well as in automotive applications like characterizing vehicle comfort, detecting brake noise, and validating crash-test signals. In vehicle inspections, AI powers features like number plate recognition, chatbot-assisted booking, and automated damage recognition for leased cars, leading to faster, more accurate, and less subjective assessments. Asia-Pacific: The Asia-Pacific TIC market is experiencing tremendous growth due to rapid industrialization, increased manufacturing activities, and changing regulatory environments. Technological innovations, including the addition of robotics, AI, and remote inspection technologies, are transforming conventional TIC processes in the region. China, Japan, and India are leading the market here, with a strong focus on product quality and safety regulations. For instance, in November 2021, Eurofins Softlines & Leather–Toys & Hardlines (Eurofins S&L-T&H) acquired Modern Testing Services (MTS), a full-service safety and quality services provider for the consumer product industry, as part of its worldwide strategic expansion plan. This acquisition will enhance Eurofins S&L-T&H's goal of becoming a top leader in the Testing, Inspection and Certification TIC industry and provide customers from both companies with an expanded global services network in over 35 locations across more than 20 countries, along with robust technical expertise from over 2,000 employees. MTS has a strong reputation and customer base, particularly in North America, making it a valuable addition to Eurofins' global footprint. LAMEA: The market for TIC in the LAMEA region is expanding with growing industrial operations, infrastructure construction, and adoption of regulatory norms to maintain safety and quality. Middle Eastern nations are making investments in industries such as oil and gas, construction, and renewable energy, where TIC services are required. The expansion in Africa is based on mining operations and the requirement of quality assurance for exports. For instance, in March 2025, Rajarshi Gupta, Managing Director of ONGC Videsh Limited, announced the company's strategic expansion into energy projects across the Middle East, Africa, and Latin America, strengthening its global footprint in oil and gas exploration. In line with this strategy, ONGC, through its subsidiary ONGC Green, acquired PTC Energy for ₹9.25 billion (approx. $106 million), adding 288 MW of operational wind capacity. This acquisition supports ONGC's goal of achieving 10 GW of renewable energy capacity by 2030 and highlights the rising need for Testing, Inspection and Certification TIC services in the LAMEA region, especially in the energy transition sector where regulatory compliance and quality assurance are becoming critical. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ (We customized your report to meet your specific research requirements.). Inquire with our sales team about customizing your report.) 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Email Directly Here with Detail Information: support@ Browse the full 'Testing, Inspection and Certification (TIC) Market Size, Share, Growth Analysis Report By Type (Inspection, Certification, Testing), By Domain (Medical & Life Science, Chemical, Consumer Goods, Food & Beverages), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Testing, Inspection, and Certification (TIC) Market: SGS Bureau Veritas TÜV NORD GROUP TÜV SÜD DEKRA SE DNV GL Lloyd Register Group MISTRAS Group Element Materials Technology Apave International Others Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification (TIC) Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. 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Browse More Related Reports: US Testing, Inspection, and Certification (TIC) Market: US Testing, Inspection, and Certification (TIC) Market Size, Trends and Insights By Service Type (Testing, Inspection, Certification), By Sourcing Type (In House, Outsource), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 North America Testing, Inspection, and Certification (TIC) Market: North America Testing, Inspection, and Certification (TIC) Market Size, Trends and Insights By Service Type (Testing, Inspection, Certification), By Sourcing Type (In House, Outsource), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Europe Testing Inspection and Certification (TIC) Market: Europe Testing, Inspection, and Certification (TIC) Market Size, Trends and Insights By Service Type (Testing, Inspection, Certification), By Sourcing Type (In House, Outsource), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 North America Testing, Inspection, and Certification (TIC) Market: North America Testing, Inspection, and Certification (TIC) Market Size, Trends and Insights By Service Type (Testing, Inspection, Certification), By Sourcing Type (In-house, Outsourced), By Application (Automotive, Aerospace, Consumer Goods, Healthcare and Pharmaceuticals, Energy and Utilities, Construction, Oil and Gas, Environmental), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Email Encryption Market: Email Encryption Market Size, Trends and Insights By Component (Solutions, Services), By Deployment (On-Premises, Cloud), By Organization Size (Large Enterprises, Small And Medium Enterprises (SMEs)), By End User (BFSI, Telecommunication, Healthcare And Pharmaceutical, Government and Defense, IT, Energy), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Chromebook Market: Chromebook Market Size, Trends and Insights By Product Type (Traditional Laptops, 2-in-1 Devices, Tablets), By Screen Size (Less than 11", 11"–13", More than 13"), By End User (Less than 11", 11"–13", More than 13"), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Fiber Optic Cable Market: Fiber Optic Cable Market Size, Trends and Insights By Mode (Single mode, Multi mode), By Type (Glass optical fiber, Plastic optical fiber), By Application (Telecom, Automobile, Medical Equipment, Power Utilities, Aerospace & Defense, Industrial Automation & Control, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Software Supply Chain Security Market: Software Supply Chain Security Market Size, Trends and Insights By Component (Hardware, Software, Services), By Security Type (Data Protection, Data Visibility and Governance, Other Security Types), By Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), By Vertical (Healthcare and Pharmaceuticals, Retail and E-commerce, Automotive, Transportation and Logistics, Manufacturing, Other Verticals), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 The Testing, Inspection and Certification TIC Market is segmented as follows: By Source In-house Services Outsourced Services By Service Type Inspection Certification Testing By Application Quality and Safety Production Evaluation Industrial Inspection System Certification Others By Industrial Vertical Medical & Life Science Chemical Consumer Goods Food & Beverages Pharmaceutical Oil & Gas Others Click Here to Get a Free Sample Report of the Global Testing Inspection and Certification (TIC) Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Testing Inspection and Certification TIC Market Research/Analysis Report Contains Answers to the following Questions. What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This Testing Inspection and Certification TIC Market? What are the company profiles, product information, and contact details for these key players? What Was the Global Market Status of the Testing Inspection and Certification TIC Market? What was the capacity, production value, cost, and profit of the testing, inspection, and certification TIC market? What Is the Current Market Status of the Testing Inspection and Certification TIC Industry? What's the market's competition in this industry, both company-wise and country-wise? What's Market Analysis of Testing Inspection and Certification TIC Market by Considering Applications and Types? What Are Projections of the Global Testing Inspection and Certification TIC Industry Considering Capacity, Production and Production Value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Testing Inspection and Certification TIC Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Testing Inspection and Certification TIC Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Testing Inspection and Certification TIC Market? What Are Challenges and Opportunities? What should be the entry strategies, countermeasures to economic impacts, and marketing channels for the Testing, Inspection, and Certification (TIC) industry? Click Here to Access a Free Sample Report of the Global Testing Inspection and Certification TIC Market @ Reasons to Purchase Testing Inspection and Certification TIC Market Report Testing Inspection and Certification TIC Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Testing Inspection and Certification TIC Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Testing Inspection and Certification TIC Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. We provide extensive company profiles that include company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Testing Inspection and Certification TIC Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Testing Inspection and Certification TIC market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Testing Inspection and Certification TIC Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Testing Inspection and Certification TIC market analysis. The competitive environment of current and potential participants in the Testing Inspection and Certification TIC market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. We have provided actual market sizes and forecasts for each segment mentioned above. Who should buy this report? Participants and stakeholders worldwide in the testing, inspection, and certification (TIC) market should find this report useful. The research will be useful to all market participants in the Testing Inspection and Certification TIC industry. Managers in the Testing Inspection and Certification TIC sector are interested in publishing up-to-date and projected data about the worldwide Testing Inspection and Certification TIC market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Testing Inspection and Certification TIC products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Testing Inspection and Certification (TIC) Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains. CMI offers a comprehensive solution from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. 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Yahoo
02-05-2025
- Automotive
- Yahoo
Hydrogen Automotive TIC Market worth $35.8 million by 2030
DELRAY BEACH, Fla., May 2, 2025 /PRNewswire/ -- The global Hydrogen Automotive TIC Market is anticipated to grow from estimated USD 18.3 million in 2024 to USD 35.8 million by 2030, at a CAGR of 11.8% during the forecast period. The market is driven by the increasing commercialization of hydrogen technologies, growing focus on lifecycle risk assessment, and the emergence of hydrogen as a key energy carrier for future energy systems. The shift toward decentralized energy solutions and integrating hydrogen with renewable energy sources is prompting the need for robust certification and compliance services. Additionally, expanding international collaborations, growing investor interest, and developing hydrogen-powered industrial clusters boost demand for reliable testing, inspection, and certification to ensure the safety, efficiency, and long-term viability of hydrogen applications. Browse in-depth TOC on "Hydrogen Automotive TIC Market" 90 - Tables50 - Figures 171 – Pages Download PDF Brochure: Testing, by service The testing segment is expected to witness the highest CAGR in the Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market due to the increasing need to validate the performance, safety, and reliability of hydrogen components and systems. With the growing deployment of hydrogen in mobility, energy, and industrial applications, rigorous testing is essential for high-pressure storage, fuel cells, pipelines, and refueling infrastructure. Advancements in hydrogen technology, evolving regulatory frameworks, and heightened safety concerns are further driving demand for specialized testing services. Additionally, manufacturers seek third-party validation to ensure global compliance and market acceptance of hydrogen solutions. Light commercial vehicles, by vehicle type Light commercial vehicles (LCVs) are expected to grow at the highest CAGR in the Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market due to their rising adoption in last-mile delivery, urban logistics, and fleet operations seeking zero-emission alternatives. Hydrogen-powered LCVs offer fast refueling and extended range, making them ideal for high-utilization transport needs. Government incentives, stricter emission norms, and corporate sustainability goals accelerate the shift toward hydrogen LCVs. This surge drives demand for TIC services to ensure vehicle safety, component durability, and regulatory compliance, supporting the segment's rapid growth in the coming years. Regional Analysis Europe is projected to be the fastest-growing region in the hydrogen automotive TIC market, driven by strong regulatory support, ambitious decarbonization goals, and substantial investments in hydrogen mobility. The European Union's Green Deal and Hydrogen Strategy have accelerated the development of fuel cell vehicles and refueling infrastructure. Countries like Germany, France, and the Netherlands lead large-scale pilot programs and public-private collaborations. Additionally, the presence of major automotive OEMs and stringent safety standards is boosting the need for TIC services to ensure reliability, compliance, and efficiency across the hydrogen vehicle ecosystem. Key Players Some of the major players in the Hydrogen Automotive Testing, Inspection, and Certification (TIC) Market are TÜV SÜD (Germany), UL LLC (US), Applus+ (Spain), TÜV Rheinland (Germany), Kiwa (Netherlands), Intertek Group plc (UK), DEKRA IN (Germany), Société Générale de Surveillance (SGS) SA (Switzerland), Southwest Research Institute (SwRI) (US), and Apave (France). The major strategies these players adopt include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions. Request Sample Pages: TÜV SÜD TÜV SÜD is the trusted partner of choice for safety, security, and sustainability solutions. TÜV SÜD focuses on managing technological risks and enabling progress, emphasizing sustainability and digitalization. Its services range from testing and certification to technical advisory, serving various industries to ensure safety and regulatory compliance. TÜV SÜD has a presence in Europe (comprises the home market of Germany as well as Western Europe and Central & Eastern Europe), Americas (covers both American continents, from Canada to the southern tip of South America), and Asia (combines all the countries of the Asia Pacific and South Asian area as well as the Middle East & Africa). UL LLC UL LLC is a global safety science leader that provides independent TIC services and related software and advisory ("S&A") offerings to customers worldwide. The company serves its customers through two complementary businesses: TIC and S&A. Its TIC business comprises two segments, Industrial and Consumer, which provide comprehensive TIC services to customers across a broad array of end markets. Its S&A business is a global provider of software, data, and advisory solutions, enabling its customers to manage complex regulatory requirements, deliver supply chain transparency, and operationalize sustainability. In addition, UL LLC has a presence in the US, China, Asia Pacific, Europe, the Middle East & Africa, and Other Americas. Applus+ Applus+ provides testing, consulting, inspection, and certification services. The company offers quality control and accreditation services, project management, supplier and facility inspection, asset certification, and integrity services for the energy and industry sectors. It offers automotive inspection, vehicle condition, emission, engineering and registration inspection, homologation and product certification, structural, materials, fire and environmental testing solutions. Also, under its automotive business, it operates Applus+ IDIADA, which offers a wide range of services focused on the design, vehicle development, and testing for the automotive segment. For more information, Inquire Now! Related Report: Hydrogen Market Get access to the latest updates on Hydrogen Automotive TIC Companies and Hydrogen Automotive TIC Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. 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