South East United States Testing and Commissioning Market to Reach US$ 18.0 Million by 2032, Stimulated by Rising Infrastructure Development Projects

August 16, 2023 | Other Reports

According to the latest report by IMARC Group, titled “South East United States Testing and Commissioning Market Report by Service Type (Testing, Commissioning, Certification), Commissioning Type (Initial, Retro, Continuous), and Region 2024-2032,” the South East United States testing and commissioning market size reached US$ 11.5 Million in 2023. Testing involves systematically evaluating individual components, subsystems, and the overall system to verify their performance, functionality, and safety. It includes functional, performance, stress, and interoperability tests, which help identify and rectify system defects and ensure optimal performance. Moreover, commissioning focuses on integrating and validating all the components of the systems and subsystems in their intended environment. It involves bringing the system to its operational state, configuring it according to the requirements, and ensuring optimal performance. It also involves conducting operational, functional, and performance tests to ensure that the system meets the defined criteria. At present, testing and commissioning are increasingly being used in South East United States to improve the functionality, reliability, and compliance of the system, identify issues, and provide confidence to stakeholders.

South East United States Testing and Commissioning Market Trends:

The rise in construction projects in commercial buildings, residential complexes, and industrial facilities represents one of the key factors propelling the market growth in South East United States. These projects require rigorous testing and commissioning processes to ensure the proper functioning and safety of various systems, such as electrical, mechanical, and HVAC. Additionally, there is an increase in the emphasis on energy efficiency and sustainability in the South East United States. With the implementation of stricter regulations and the growing awareness about environmental impact, building owners and operators are seeking testing and commissioning services to optimize the performance of their systems and reduce energy consumption. This includes conducting energy audits, verifying equipment efficiency, and implementing energy-saving measures. Moreover, rapid technological advancements in various sectors, such as healthcare, manufacturing, and transportation, are offering a favorable market outlook in the region. Looking forward, the market value is projected to reach US$ 18.0 Million by 2032, expanding at a CAGR of 4.98% during 2024-2032.

Market Summary:

Based on the service type, the market has been segmented into testing, commissioning, and certification. Testing currently represents the largest market segment.
On the basis of the commissioning type, the market has been divided into initial, retro, and continuous. At present, the initial holds the largest market share.
Region-wise, the market has been segregated into Florida, North Carolina, Georgia, Tennessee, South Carolina, Alabama, Mississippi, and others. Amongst these, Florida enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being ALS Limited, Applus RTD USA, Inc, BSI Group, Bureau Veritas, DNV GL, Eurofins US, Intertek USA Inc., SGS North America Inc., TUV Rheinland, and TUV SUD.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Service Type, Commissioning Type, Region
Region Covered	Florida, North Carolina, Georgia, Tennessee, South Carolina, Alabama, Mississippi, Others
Companies Covered	ALS Limited, Applus RTD USA, Inc, BSI Group, Bureau Veritas, DNV GL, Eurofins US, Intertek USA Inc., SGS North America Inc., TUV Rheinland, and TUV SUD.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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South East United States Testing and Commissioning Market to Reach US$ 18.0 Million by 2032, Stimulated by Rising Infrastructure Development Projects

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