Press Releases

The Asia Pacific TIC Market for Oil & Gas Industry reached USD 0.09 billion in 2023 and shall reach USD 0.15 billion in 2030. The market is anticipated to experience a annual growth rate (CAGR) of 5.4% from 2025 to 2030.

The rising adoption of digital technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data are revolutionizing the oil and gas sector as these technologies improve predictive maintenance, data analysis, and real-time monitoring of operations. Automation in oil & gas operations is also propelling the need for TIC services to ensure these systems are functioning safely and efficiently. However, The testing, inspection, and certification market in Asia is hindered due to lower budget allocation to TIC services, as oil & gas companies reduce spending during downturns. Aslo shortage of skilled labor is another challenge for the market growth.

Browse market data Tables and Figures spread through 91 Pages and in-depth TOC on Asia Pacific TIC Market for Oil & Gas Industry By Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Refineries, Tank Farms, Pipelines (Onshore And Offshore), Compressor Stations, Chemical and Petrochemical Plants, Offshore Structures and Platforms, Production and Processing on Platforms, Gas Liquefaction Plants, Loading Facilities, and Others), and Geography (Asia Pacific) - Forecast from 2025 to 2030.

Asia Pacific TIC Market for Oil & Gas Industry Segmentation and Key Players

By sourcing type, inhouse dominate the asia pacific TIC market for oil & gas industry.  

The in-house segment dominates the market during the forecast period as companies can have complete control over the entire process in terms of technology, testing and measurement equipment and skilled personnel by deploying in-house testing and inspection.

"China dominates the asia pacific TIC market for oil & gas industry." 

China has a massive demand for TIC services, as it is the largest oil and gas producer and consumer in Asia.

Some of the key players in this market are Bureau Veritas, SGS, Intertek, TUV Rheinland

Recent Developments By the Key Players

TUV Rheinland (a global leader in testing and certification) has introduced its latest innovation the Eye Comfort Certification for laptops. This industry-first 5-star rating system evaluates laptop screens for eye comfort, providing consumers with a reliable guide to healthy, high-performing devices. 

Intertek, a leading Total Quality Assurance (TQA) provider to industries worldwide, has launched iCare in India, where the company plays a pivotal role in supporting the textile industry.

The Asia Pacific TIC Market for Oil & Gas Industry report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Asia Pacific TIC Market for Oil & Gas Industry coverage (By Value)

• Sourcing Type Insight and Forecast 2025 - 2030
  • In-house
  • Out-sourced
• Service Insight and Forecast 2025 - 2030
  • Testing
  • Inspection
  • Certification
• Industry Vertical Insight and Forecast 2025 - 2030
  • Refineries
  • Tank Farms
  • Pipelines (Onshore And Offshore)
  • Compressor Stations
  • Chemical and Petrochemical Plants
  • Offshore Structures and Platforms
  • Production and Processing on Platforms
  • Gas Liquefaction Plants
  • Loading Facilities
  • Others

Geographical Segmentation

Asia Pacific TIC Market for Oil & Gas Industry by Region

• China