North America Testing, Inspection, and Certification Market Size and Forecasts (2020 – 2030)

North America Testing, Inspection, and Certification Market Size and Forecasts (2020 – 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Sourcing Type (In-House Service and Outsourced Service), Service Type (Testing, Inspection, and Certification), End-User (Consumer Goods & Retail, Food & Beverage, Healthcare & Pharmaceutical, Energy & Power, Manufacturing & Construction, and Others)

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Description

The North America testing, inspection, and certification market was valued at US$ 81.81 billion in 2022 and is projected to reach US$ 132.81 billion by 2030; it is expected to grow at a CAGR of 6.2% from 2022 to 2030.

Environmental protection is gaining prominence in North America owing to several positive measures from both the government and the industrial stakeholders. In January 2023, the Inflation Reduction Act of 2022 became effective in the US. The Act offers programs, funding, and incentives, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC), to accelerate the transition to a clean energy economy. The Act extends the ITC of 30% and PTC of US$ 0.0275/kWh (2023 value) till the projects meet prevailing requirements for projects over 1 MW AC. It has created more awareness of renewable energy and promoted its adoption in the industrial sector. It has increased the scope of various TIC market players since the transition to renewable energy requires various testing, inspections, and certifications. Hence, market players are increasing their offerings and expanding their business across the region. For instance, in July 2023, TUV SUD America Inc, a leading TIC service provider, opened a new state-of-the-art environmental laboratory in Michigan, the US, through an investment of US$ 44 billion. Such instances in the region propelling the growth of the North America testing, inspection, and certification market.

Moreover, North American nations have been implementing the most stringent set of environmental provisions included in a free trade agreement (FTA) in July 2020, when the new agreement [dubbed Canada-US-Mexico Agreement (CUSMA), T-MEC, and the US–Mexico–Canada Agreement (USMCA) by the nations] was enforced alongside a companion—Environmental Cooperation Agreement (ECA). Thus, due to such environmental provisions, several types of businesses aim to become more sustainable and eco-friendlier to benefit from eco certifications. There are several certifications, such as Intertek Green Leaf Mark, EcoVadis Sustainability Rating, and 1% for the Planet, that help businesses to be certified sustainable and eco-friendly. Such certifications are beneficial programs that can aid companies in demonstrating their sustainable practices, products, and services to customers, investors, and other relevant stakeholders. Various players across North America are providing circular economy certifications, such as SGS SA and Bureau Veritas. These certifications also contribute to the Sustainable Development Goals (SDG) of the United Nations. Thus, the rise in environmental concerns is promoting the adoption of a circular economy, which drives the North America testing, inspection, and certification market share in North America.

Based on sourcing type, the North America testing, inspection, and certification market is bifurcated into in-house service and outsourced service. The in-house service segment led the North America testing, inspection, and certification market. The in-house service gives an enterprise complete control over the testing, inspection, and certification of the products. By keeping the TIC operations in-house, the enterprise can reduce any misunderstanding that may come from outsourced third-party companies. It provides enhanced work quality by closely working with the development team. It offers the benefit of communication and collaboration among the teams. By conducting in-house TIC operations, the enterprise can manage the TIC timelines, resources, and test cases that align with the enterprise goals and objectives. In-house TIC teams have in-depth knowledge and understanding of the enterprise systems, processes, and products, which helps the TIC teams carry out these operations effectively and efficiently. Such characteristics of the in-house service segment fuel the North America testing, inspection, and certification market growth for the segment.

Based on service type, the North America testing, inspection, and certification market is segmented into testing, inspection, and certification. Testing services are generally required to test the physical, chemical, or performance-linked properties of products, materials, or services to meet the standards or specifications for the quality, safety, and sustainability of the product. The qualified or skilled inspectors collect the samples via internationally accepted ISO sampling methods and then test them with the help of specific tests and methodology in accredited laboratories. Testing is generally conducted for products and services, which include chemicals, food, agriculture products, consumer products, metals and minerals, waste materials, government services, and machinery and equipment. The testing phase is essential in the TIC services as it ensures the accuracy and credibility of the test results and further ensures the safety of the product and services. Thus, propelling the growth of North America testing, inspection, and certification market.

ALS Limited, Applus Services SA, Bureau Veritas SA, DEKRA SE, DNV Group AS, Eurofins Scientific SE, Intertek Group Plc, SGS SA, TUV Rheinland AG, and TUV SUD AG are among the key North America testing, inspection, and certification market players that are profiled in this market study.

The overall North America testing, inspection, and certification market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America testing, inspection, and certification market. The process also helps obtain an overview and forecast of the North America testing, inspection, and certification market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America testing, inspection, and certification market.

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According to our latest study on “North America Testing, Inspection, and Certification Market Size and Forecast (2020–2030), Regional Share, Trends, and Growth Opportunity Analysis – by Sourcing Type, Service Type, and End-User,” the North America testing, inspection, and certification market was valued at US$ 81.81 billion in 2022 and is projected to reach US$ 132.81 billion by 2030; it is expected to grow at a CAGR of 6.2% from 2022 to 2030. The rising implementation of Industry 4.0 solutions and adoption of a circular economy drive the market. However, counterfeit products and certificates hinder the market growth.

The North America testing, inspection, and certification market comprises conformity assessment enterprises that offer services ranging from auditing and certification to testing, verification, quality assurance, and inspection. A product certificate attests that a product satisfies certain standards and safety-related requirements. The certificate outlines the fundamental criteria that were used to examine a product. Corresponding test results give clients tangible evidence of the product’s quality, which they can use to make an informed selection. The testing, inspection, and certification market players provide compliance assessment services, including testing, declaration of conformity, and validation, either for regulatory reasons or good practice, in order to protect people and the environment. The most important testing and certification services involve quality and safety controls through conformity assessments, including industrial site inspections, supply chain certifications, product testing, management system auditing and certification, pre-shipment inspections, periodic car inspections, and consignment-based conformity assessments.

Rising EV Adoption Provides Lucrative Opportunities for North America Testing, Inspection, And Certification Market

Electric vehicle (EV) sales are increasing due to concerns regarding environmental protection and government policies favoring the adoption of low-emission or zero-emission vehicles, including EVs. For instance, in 2021, the government of Colorado offered a tax credit of US$ 4,000 on the purchase of a light-duty EV. Similarly, the government of Connecticut accepts a reduced biyearly vehicle registration fee of US$ 38 for EVs. As per the International Energy Agency (IEA), EV sales in the US grew from 0.3 billion units in 2019 to 1.0 billion in 2022 and are anticipated to reach 1.6 billion units by the end of 2023. Additionally, the Inflation Reduction Act (IRA) strongly promoted a rise in investments from global electromobility companies to expand manufacturing operations in the US. From August 2022 to March 2023, major EV manufacturers and EV battery makers announced cumulative post-IRA investments of ~US$?52?billion in EV supply chains in North America. Approximately 50% of these investments were for battery manufacturing and ~20% each for EV manufacturing and battery components, respectively.

North America has a wide presence of most of the world’s largest automotive OEMs, who have established their manufacturing plants in the region. Most of these OEMs have undertaken various electrification initiatives. For instance, in July 2021, Stellantis announced its plan to invest ~US$ 35.5 billion in vehicle electrification and new software/technologies by 2025. Stellantis has also announced huge investments in EVs similar to General Motors, Volkswagen, and Ford Motor. For the purpose of boosting productivity, efficiency, and the production process to achieve the desired requirements—electric vehicle testing, inspection, and certification are required to validate offerings to automotive TIC providers. Several players across North America are collaborating for the safety and performance evaluation of EVs. Thus, the increasing EV adoption is likely to create an opportunity for the growth of the North America testing, inspection, and certification market during the forecast period.

North America Testing, Inspection, And Certification Market: Segmental Overview

The North America testing, inspection, and certification market is segmented on the basis of sourcing type, service type, and end-user. Based on sourcing type, the North America testing, inspection, and certification market is bifurcated into in-house service and outsourced service. In terms of service type, the North America testing, inspection, and certification market is segmented into testing, inspection, and certification. In terms of end-user, the North America testing, inspection, and certification market is segmented into consumer goods & retail, food & beverage, healthcare & pharmaceutical, energy & power, manufacturing & construction, and others. By country, the North America testing, inspection, and certification market is segmented into the US, Canada, and Mexico.

North America Testing, Inspection, And Certification Market Analysis: Competitive Landscape and Key Developments

ALS Limited, Applus Services SA, Bureau Veritas SA, DEKRA SE, DNV Group AS, Eurofins Scientific SE, Intertek Group Plc, SGS SA, TUV Rheinland AG, and TUV SUD AG are among the key North America testing, inspection, and certification market players profiled during this market study. In addition to these players, several other important North America testing, inspection, and certification market players were also studied and analyzed during this market research study to get a holistic view of both the North America testing, inspection, and certification market and it’s ecosystem. The leading North America testing, inspection, and certification market players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to participate in new business opportunities. A few recent key North America testing, inspection, and certification market developments are listed below:

• In July 2023, TUV SUD America Inc, a leading TIC service provider, opened a new state-of-the-art environmental laboratory in Michigan, the US, through an investment of US$ 44 billion.

• In February 2023, UL Solutions, a leading applied safety science enterprise, and the Modular Energy System Architecture (MESA) Standards Alliance, a leader in standardizing communications between utility systems and distributed energy resources (DER), partnered to provide testing and certification of the MESA-DER profile. Utilities in the US commonly utilize Distributed Network Protocol (DNP3), a set of communications protocols used between components in process automation systems, for their supervisory control and data acquisition system (SCADA). The MESA-DER profile organizes DER data in a standard structure to allow many types of distributed energy installations to be easily integrated and understood by utility SCADA systems. Electric utilities or aggregators can utilize MESA-DER to significantly lower their integration and implementation costs for large energy storage systems, microgrids, solar inverter power plants, and other grid-scale DER.

• In May 2021, Atlas Technical Consultants, Inc., a prominent Infrastructure and environmental services provider, received a US$ 3 million contract to provide on-call special inspection and materials testing in various healthcare facilities for the Los Angeles County Department of Public Works.

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TABLE OF CONTENTS

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 South & Central America Key Insights
2.2 South & Central America Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Organoids Market Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
5. South & Central America Organoids Market – Key Industry Dynamics
5.1 Key Market Drivers:
5.1.1 Increasing Demand for Tumor Modeling and Biobanking
5.1.2 Growing Adoption of Personalized Drugs
5.1.3 Rising Focus on Developing Alternatives for Animal Testing Models
5.2 Key Market Restraints:
5.2.1 Issues Related to Incorporation of Organoids into Existing Workflows
5.2.2 Dearth of Skilled Professionals
5.3 Key Market Opportunities:
5.3.1 Focus on Drug Discovery Activities
5.4 Future Trends:
5.4.1 Combining Organoid with Organ-On-A-Chip
5.5 Impact Analysis:
6. Organoids Market – South & Central America Market Analysis
6.1 South & Central America Organoids Market Revenue (US$ Mn), 2022 – 2030
7. South & Central America Organoids Market – Revenue and Forecast to 2030 – by Organ Type.
7.1 Overview
7.2 South & Central America Organoids Market Revenue Share, by Organ Type 2022 & 2030 (%)
7.3 Stomach
7.3.1 Overview
7.3.2 Stomach: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Intestine
7.4.1 Overview
7.4.2 Intestine: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Liver
7.5.1 Overview
7.5.2 Liver: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Pancreas
7.6.1 Overview
7.6.2 Pancreas: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Lung
7.7.1 Overview
7.7.2 Lung: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.8 Brain
7.8.1 Overview
7.8.2 Brain: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.9 Kidney
7.9.1 Overview
7.9.2 Kidney: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Organoids Market – Revenue and Forecast to 2030 – by Application.
8.1 Overview
8.2 South & Central America Organoids Market Revenue Share, by Application 2022 & 2030 (%)
8.3 Developmental Biology
8.3.1 Overview
8.3.2 Developmental Biology: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Disease Pathology of Infectious Disease
8.4.1 Overview
8.4.2 Disease Pathology of Infectious Disease: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Regenerative Medicine
8.5.1 Overview
8.5.2 Regenerative Medicine: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Drug Toxicity and Efficacy Testing
8.6.1 Overview
8.6.2 Drug Toxicity and Efficacy Testing: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Drug Discovery and Personalized Medicine
8.7.1 Overview
8.7.2 Drug Discovery and Personalized Medicine: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Organoids Market – Revenue and Forecast to 2030 – by Source.
9.1 Overview
9.2 South & Central America Organoids Market Revenue Share, by Source 2022 & 2030 (%)
9.3 Pluripotent Stem Cells
9.3.1 Overview
9.3.2 Pluripotent Stem Cells: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Organ-specific Adult Stem Cells
9.4.1 Overview
9.4.2 Organ-specific Adult Stem Cells: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Organoids Market – Revenue and Forecast to 2030 – by Type
10.1 Overview
10.2 South & Central America Organoids Market Revenue Share, by Type 2022 & 2030 (%)
10.3 Instruments
10.3.1 Overview
10.3.2 Instruments: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
10.4 Consumables
10.4.1 Overview
10.4.2 Consumables: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
10.5 Services
10.5.1 Overview
10.5.2 Services: South & Central America Organoids Market – Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Organoids Market – Country Analysis
11.1 South & Central America Organoids Market: Overview
11.1.1 South & Central America Organoids Market by Country
11.1.1.1 Brazil
11.1.1.1.1 Overview
11.1.1.1.2 Brazil Organoids Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.1.3 Brazil Organoids Market, by Organ Type
11.1.1.1.4 Brazil Organoids Market, by Application
11.1.1.1.5 Brazil Organoids Market, by Source
11.1.1.1.6 Brazil Organoids Market, by Type
11.1.1.2 Argentina
11.1.1.2.1 Overview
11.1.1.2.2 Argentina Organoids Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.2.3 Argentina Organoids Market, by Organ Type
11.1.1.2.4 Argentina Organoids Market, by Application
11.1.1.2.5 Argentina Organoids Market, by Source
11.1.1.2.6 Argentina Organoids Market, by Type
11.1.1.3 Rest of South & Central America
11.1.1.3.1 Overview
11.1.1.3.2 Rest of South & Central America Organoids Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.3.3 Rest of South & Central America Organoids Market, by Organ Type
11.1.1.3.4 Rest of South & Central America Organoids Market, by Application
11.1.1.3.5 Rest of South & Central America Organoids Market, by Source
11.1.1.3.6 Rest of South & Central America Organoids Market, by Type
12. Pre & Post COVID-19 Impact
12.1 Pre & Post COVID-19 Impact
13. South & Central America Organoids Market Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. South & Central America Organoids Market, Key Company Profiles
14.1 STEMCELL Technologies Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Cellesce Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Thermo Fisher Scientific Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Merck KGaA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 InSphero
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About Us
15.2 Glossary of Terms

LIST OF TABLES

Table 1. TIC Market Segmentation
Table 2. TIC Market Revenue and Forecast to 2030 (US$ Billion)
Table 3. TIC Market Revenue and Forecast to 2030 (US$ Billion) – Sourcing Type
Table 4. TIC Market Revenue and Forecast to 2030 (US$ Billion) – Service Type
Table 5. TIC Market Revenue and Forecast to 2030 (US$ Billion) – End-User
Table 6. US: TIC Market, by Sourcing Type –Revenue and Forecast to 2030 (US$ Billion)
Table 7. US: TIC Market, by Service Type –Revenue and Forecast to 2030 (US$ Billion)
Table 8. US: TIC Market, by End-User –Revenue and Forecast to 2030 (US$ Billion)
Table 9. Canada: TIC Market, by Sourcing Type –Revenue and Forecast to 2030 (US$ Billion)
Table 10. Canada: TIC Market, by Service Type –Revenue and Forecast to 2030 (US$ Billion)
Table 11. Canada: TIC Market, by End-User –Revenue and Forecast to 2030 (US$ Billion)
Table 12. Mexico: TIC Market, by Sourcing Type –Revenue and Forecast to 2030 (US$ Billion)
Table 13. Mexico: TIC Market, by Service Type –Revenue and Forecast to 2030 (US$ Billion)
Table 14. Mexico: TIC Market, by End-User –Revenue and Forecast to 2030 (US$ Billion)
Table 15. Heat Map Analysis By Key Players
Table 16. List of Abbreviation

LIST OF FIGURES

Figure 1. PEST Analysis
Figure 2. Ecosystem: TIC Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. TIC Market Revenue (US$ Billion), 2022 – 2030
Figure 5. TIC Market Share (%) –Sourcing Type, 2022 and 2030
Figure 6. In-House Service Market Revenue and Forecast To 2030 (US$ Billion)
Figure 7. Outsourced Service Market Revenue and Forecast To 2030 (US$ Billion)
Figure 8. TIC Market Share (%) – Service Type, 2022 and 2030
Figure 9. Testing Market Revenue and Forecast to 2030 (US$ Billion)
Figure 10. Inspection Market Revenue and Forecast to 2030 (US$ Billion)
Figure 11. Certification Market Revenue and Forecast to 2030 (US$ Billion)
Figure 12. TIC Market Share (%) – End-User, 2022 and 2030
Figure 13. Consumer Goods & Retail Market Revenue and Forecast to 2030 (US$ Billion)
Figure 14. Food & Beverage Market Revenue and Forecast to 2030 (US$ Billion)
Figure 15. Healthcare & Pharmaceutical Market Revenue and Forecast to 2030 (US$ Billion)
Figure 16. Energy & Power Market Revenue and Forecast to 2030 (US$ Billion)
Figure 17. Manufacturing & Construction Market Revenue and Forecast to 2030 (US$ Billion)
Figure 18. Others Market Revenue and Forecast to 2030 (US$ Billion)
Figure 19. North America: TIC Market Revenue Share, by Key Country (2022 and 2030)
Figure 20. US: TIC Market – Revenue, and Forecast to 2030 (US$ Billion)
Figure 21. Canada: TIC Market – Revenue, and Forecast to 2030 (US$ Billion)
Figure 22. Mexico: TIC Market – Revenue, and Forecast to 2030 (US$ Billion)
Figure 23. Company Positioning & Concentration

The List of Companies – North America Testing, Inspection, and Certification (TIC) Market
– ALS Limited
– Applus Services SA
– Bureau Veritas SA
– DEKRA SE
– DNV Group AS
– Eurofins Scientific SE
– Intertek Group Plc
– SGS SA
– TUV Rheinland AG
– TUV SUD AG

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