As per Zion Market Research, global demand for Cable Testing and Certification market was valued at approximately USD 11.9 Billion in 2019, and is expected to generate revenue of around USD 17.2 Billion by end of 2026, growing at a CAGR of around 5.4 % between 2020 and 2026.
As per Zion Market Research, global demand for Cable Testing and Certification market was valued at approximately USD 11.9 Billion in 2019, and is expected to generate revenue of around USD 17.2 Billion by end of 2026, growing at a CAGR of around 5.4 % between 2020 and 2026.
Global Cable Testing and Certification Market: Overview
Factors such as poor performance in new network systems, improper system deployment, and bad products have stimulated the need for cable testing and certification. Improved quality assurance processes and elimination of possible error criteria have led cable testing and certification demands by cable manufacturers. Cable testing and certification means validating the cable efficiency of the network as mandated by industry standards. Cable testing and certifications are used to ensure that the new cable connections provide transmission speeds according to consumer specifications. These certifications can fix problems including crossing wires, cable strain, cable damage or kinks, cable breakdown and failure, improper termination of cables and proper connector installation.
Global Cable Testing and Certification Market: Growth Factors
The cable testing and certification market growth is anticipated to gain traction in the upcoming years subject to factors such as increasing use of cables as a result of the rise in power generation in the OECD and non-OECD countries, growth in the global electronics and IT sectors, and rise in industrialization and globalization. The rise in demand for cable testing & certification across electrical & electronics, railway, automotive, marine, roadways, aerospace, and energy generation & distribution sectors will steer the cable testing and certification market over the projected years. Massive demand for high-volt cables by myriad end-users including transmission & distribution utilities, offshore wind farms, and energy sector will significantly influence the growth of the cable testing and certification market during the forecast timeline.
Global Cable Testing and Certification Market: Segmentation
The global cable testing and certification market has been categorized into end user, test type, and voltage type. Based on the end-user, the market is divided into utility providers, and cable manufacturers. On the basis of test type, the cable testing and certification market is classified into a type test, routine test, and sample test. Based on the voltage type, the cable testing and certification market is segmented into low, medium, and high voltage.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Cable Testing and Certification Market: Regional Analysis
Based on regions, the global cable testing and certification market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is projected to be the swiftly growing market for cable testing and certification globally. The rise in the demand for cables is associated with the increase in electricity generation and distribution due to the rapid industrialization and urbanization in the region. The rise in demand for cables from several industries such as electrical & an electronics, transportation, and energy utility in Asia Pacific is projected to raise the demand for cable testing and certification in the region. This will drive the cable testing and certification market trends in the region.
Growing power crises and blackouts in various countries of North America and Europe are anticipated to drive cable testing and certification market demand in the next few years. Huge presence of renowned manufacturers will boost cable testing and certification market earnings in these regions.
The Middle East & Africa and Latin America markets have huge growth potential and will contribute notably towards the global cable testing and certification market share in the near future.
Global Cable Testing and Certification Market: Competitive Players
The key players of the global cable testing and certification market include DEKRA, Underwriters Laboratories, British Approvals Service for Cables, SGS , BRE Global, TÜV Rheinland, Bureau Veritas, Intertek, TÜV NORD GROUP, North Central Electric, RN Electronics, TÜV SÜD , Eland Cables, and Industrial Tests.
Cable Testing and Certification Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Cable Testing and Certification Market
FIG. 6 Global Cable Testing and Certification Market Attractiveness, By End User
FIG. 7 Global Cable Testing and Certification Market Attractiveness, By Test Type
FIG. 8 Global Cable Testing and Certification Market Attractiveness, By Voltage Type
FIG. 9 Global Cable Testing and Certification Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Cable Testing and Certification Market Revenue Share, by End User, 2019 & 2026
FIG. 12 Global Cable Testing and Certification Market for Cable Manufacturers, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Cable Testing and Certification Market for Utility Providers, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Cable Testing and Certification Market Revenue Share, by Test Type, 2019 & 2026
FIG. 15 Global Cable Testing and Certification Market for Routine, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Cable Testing and Certification Market for Sample, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Cable Testing and Certification Market for Type, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Cable Testing and Certification Market Revenue Share, by Voltage Type, 2019 & 2026
FIG. 19 Global Cable Testing and Certification Market for Low, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Cable Testing and Certification Market for Medium, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Cable Testing and Certification Market for High, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Cable Testing and Certification Market Revenue Share, by Region, 2019 & 2026
FIG. 23 North America Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 24 Europe Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Asia Pacific Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Latin America Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 The Middle-East and Africa Cable Testing and Certification Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 DEKRA Business Segment Revenue Share, 2018 (%)
FIG. 29 DEKRA Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1
Global Cable Testing and Certification Market: Snapshot
TABLE 2
Drivers of the Cable Testing and Certification Market: Impact Analysis
TABLE 3
Restraints for the Cable Testing and Certification Market: Impact Analysis
TABLE 4
Global Cable Testing and Certification Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5
North America Cable Testing and Certification Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6
North America Cable Testing and Certification Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 7
North America Cable Testing and Certification Market Revenue, by Test Type, 2016 – 2026 (USD Million)
TABLE 8
North America Cable Testing and Certification Market Revenue, by Voltage Type, 2016 – 2026 (USD Million)
TABLE 9
Europe Cable Testing and Certification Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10
Europe Cable Testing and Certification Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 11
Europe Cable Testing and Certification Market Revenue, by Test Type, 2016 – 2026 (USD Million)
TABLE 12
Europe Cable Testing and Certification Market Revenue, by Voltage Type, 2016 – 2026 (USD Million)
TABLE 13
Asia Pacific Cable Testing and Certification Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14
Asia Pacific Cable Testing and Certification Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 15
Asia Pacific Cable Testing and Certification Market Revenue, by Test Type, 2016 – 2026 (USD Million)
TABLE 16
Asia Pacific Cable Testing and Certification Market Revenue, by Voltage Type, 2016 – 2026 (USD Million)
TABLE 17
Latin America Cable Testing and Certification Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18
Latin America Cable Testing and Certification Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 19
Latin America Cable Testing and Certification Market Revenue, by Test Type, 2016 – 2026 (USD Million)
TABLE 20
Latin America Cable Testing and Certification Market Revenue, by Voltage Type, 2016 – 2026 (USD Million)
TABLE 21
The Middle-East and Africa Cable Testing and Certification Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22
The Middle-East and Africa Cable Testing and Certification Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 23
The Middle-East and Africa Cable Testing and Certification Market Revenue, by Test Type, 2016 – 2026 (USD Million)
TABLE 24
The Middle-East and Africa Cable Testing and Certification Market Revenue, by Voltage Type, 2016 – 2026 (USD Million)
Rise in electricity generation in the OECD and Non- OECD countries and growth in industrialization and urbanization are the factors that are likely to propel the cable testing and certification market on a global scale.
According to Zion Market Research, global demand for Cable Testing and Certification market is expected to generate revenue of around USD 17.2 Billion by end of 2026, growing at a CAGR of around 5.4% between 2020 and 2026.
The APAC cable testing and certification market is projected to hold the largest share globally in the future. It is due to growth in production and consumption of cables in countries such as India, China, South Korea, Japan, and Australia. Moreover, the growing industrialization in this region is expected to drive the market for cable testing and certification during the forecast period.
Some main participants of the global cable testing and certification market include DEKRA, Underwriters Laboratories, British Approvals Service for Cables, SGS , BRE Global, TÜV Rheinland, Bureau Veritas, Intertek, TÜV NORD GROUP, North Central Electric, RN Electronics, TÜV SÜD , Eland Cables, and Industrial Tests among others.
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