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The global testing and commissioning market was valued at US$ 208.6 Billion in 2020.
The growing trend of outsourcing of testing, inspection, and certification services across diverse industry verticals, is currently driving the global testing and commissioning market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous research and development (R&D) centers, thereby reducing the demand for testing and commissioning.
Based on the service type, the global testing and commissioning market has been segmented into testing, commissioning, and certification. Among these, testing currently holds the majority of the total market share.
Based on the commissioning type, the global testing and commissioning market can be divided into initial commissioning, retro commissioning, and monitor-based commissioning, where initial commissioning currently exhibits a clear dominance in the market.
Based on the sourcing type, the global testing and commissioning market has been categorized into inhouse and outsourced. Currently, inhouse sourcing accounts for the majority of the global market share.
Based on the end use sector, the global testing and commissioning market can be segregated into construction, industrial, consumer products, life sciences, oil and gas, food and agriculture, marine and offshore, transport and aerospace, energy and power, chemicals, and others. Among these, the construction sector currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global testing and commissioning market include SGS SA, Bureau Veritas SA, Intertek Group plc, DEKRA SE, and TUV SUD AG.
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