Global Cable Testing and Certification Market Size, Share, Trends and Forecast 2022-2028 | Zion Market Research
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. The rising employment of cables in different applications, such as transportation (rail, automotive & aerospace, and marine), electrical & electronics, and energy distribution & generation, is predicted to boost the cable testing and certification market.
The major players in the global market for cable testing and certification are Underwriters Laboratories, DEKRA, SGS, British Approvals Service for Cables, TÜV Rheinland, BRE Global, Intertek, Bureau Veritas, North Central Electric, TÜV NORD GROUP, TÜV SÜD, RN Electronics, Industrial Tests, Eland Cables, KEMA Laboratories, Eurofins Scientific, CESI, Applus+, Tecnalia Corporation, Kinectrics, Central Power Research Institute, and The Institute for International Product Safety.
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Routine Tests To Observe The Max CAGR During The Forecast Period In The Global Market For Cable Testing And Certification
A routine test is a set of tests conducted on every batch of concluded cables to decide the cables’ integrity. The tests comprised below this category are conductor resistance test, insulation resistance test, high voltage test, partial discharge test, copper wire screen resistance test, cable measurement & markings, and dimensional tests. These trials might differ on the basis of the cable kinds and are specified in the pertinent cable standards. Owing to the low price of routine test, it is projected to develop at a high speed.
High-Voltage Cables Category To Observe The Max CAGR During The Forecast Period In The Global Market For Cable Testing And Certification
The cable testing and certification market is divided into three voltage kinds such as medium, low, and high on the basis of range of voltage in the cables. High-voltage cables are employed in underground, submarine, and overhead cases. Some of the primary end consumers of these cables comprise distribution & transmission utilities, energy industries, and offshore wind farms. The increasing requirement for high-voltage cables by various end consumers is predicted to power the requirement for their certification and testing.
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Asia Pacific To Have The Biggest Market Share During The Forecast Period In The Cable Testing And Certification Market
Asia Pacific is the biggest market for cable testing and certification all over the world. The increase in requirement for cables is related with the rise in electricity distribution and generation owing to the rapid urbanization and industrialization. The increase in requirement for cables from various sectors such as transportation, electrical & electronics, and energy utilities in Asia Pacific is expected to increase the requirement for cable certification and testing in the area.
Browse the full “Cable Testing and Certification Market – by End User (Cable Manufacturers, and Utility providers), Test Type (Routine, Sample, and Type), Voltage Type (Low, Medium, and High): Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cable-testing-certification-market
The global cable testing and certification market is segmented as follows:
By end user:
- Cable manufacturers
- Utility providers
By test type:
By voltage type:
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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Major Highlights of the Cable Testing and Certification Market report study:
- A detailed look at the global Cable Testing and Certification Market Industry
- The report analyzes the global Cable Testing and Certification Market and provides its stakeholders with significant actionable insights
- The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates
- The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process
- The study includes data on market intelligence, changing market dynamics, current and expected market trends, etc.
- The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global Cable Testing and Certification Market
- Market Ecosystem and adoption across market regions
- Major trends shaping the global Cable Testing and Certification Market
- Historical and forecast size of the Cable Testing and Certification Market in terms of Revenue (USD Million)
- Recent industry development and consumer preference trends
- Competitive Landscape and player positioning analysis for the global Cable Testing and Certification Market
- Key products and solution offerings by major players and business strategies adopted
- Recommendations for new market entrants and current players operating in the market space
- Analysis of niche and potential segments (type, application, and regions/countries) anticipated observing promising growth
- Key challenges faced by operating players in the market space
- Analysis of major risks associated with the market operations
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Published Thu, 24 Nov 2022 04:12:09 -0600