Cable Testing and Certification Market Analysis
Cable Testing and Certification Market

Cable Testing and Certification Market to Witness Huge Growth | Kinectrics, SGS SA, Bureau Veritas, DNV GL AS, UL LLC, British Approvals Service for Cables, CESI S.p.A., Intertek Group plc

Data Bridge Market Research recently introduced Global Cable Testing and Certification Market  study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2026. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study 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 and RN Electronics Ltd.

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.
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Market Definition: 

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.

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

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Segmentation: Global Cable Testing and Certification Market

By Test

  • Sample Test
  • Routine Test
  • Type Test

By Voltage Type

  • High Voltage
  • Medium Voltage
  • Low Voltage

By End-User

  • Cable Manufacturers
  • Utility Providers

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of Asia-Pacific
  • Middle East and Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Rest of Middle East and Africa

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.

Competitive Analysis: Global Cable Testing and Certification Market

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.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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About Data Bridge Market Research 11020 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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