Industry Overview
The Asia Pacific TIC (Testing, Inspection, and Certification) market for the oil and gas industry is an important factor that support safety, compliance, and operational efficiency. The Asia Oil & Gas Industry's Testing, Inspection, And Certification Market 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) of5.4% from 2025 to 2030.
In TIC, testing refers to a business practice that ensures produced goods, single parts, and multi-component systems are appropriate for the intended use. The most important component of quality control, which is essential to any manufacturing company's survival, is testing and inspection.
The TIC market is expected to increase over the 2025–2030 projection period as a result of globalization's penetration of sophisticated technologies and the establishment of product standardization requirements across a variety of industries, including the building and construction, oil and gas, electronics, and automotive sectors. Furthermore, the TIC market in the oil and gas industry has grown due to a number of factors, including the expanding middle class, rapid urbanization, population migration from rural to urban areas worldwide, mandatory safety regulations, an increase in the illegal trade of counterfeit and pirated goods, advancements in networking and communication technology, and the trend of outsourcing testing, inspection, and certification services.
Asia Pacific TIC Market for Oil & Gas Industry Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2025
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2024
|
U.S.D. 0.09 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 0.15 Billion
|
|
Growth Rate
|
5.4%
|
|
Segments Covered in the Report
|
By Sourcing Type, By Service Type and By Industry Vertical
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
Asia Pacific
|
Asia Pacific TIC Market for Oil & Gas Industry Dynamics
Asia Pacific TIC Market for Oil & Gas Industry Trends and Growth Drivers:
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. Due to environmental regulations and stringent safety standards across Asia, the demand for TIC services is growing. Countries like China, India, Indonesia, and Malaysia are enforcing tougher regulations on safety practices, emission controls, and environmental impacts. Companies require regular testing, inspections, and certifications to comply with local regulations and international industry standards such as ISO 14001, ISO 9001, and OHSAS 18001. TIC services play a vital role in ensuring the critical infrastructure such as refineries, pipelines, and platforms. Furthermore, the global shift toward cleaner and greener practices, TIC services ensure compliance with environmental sustainability standards and monitor the environmental impact of energy extraction activities.
Asia Pacific TIC Market for Oil & Gas Industry Restraints:
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. Skilled labor shortages to perform testing, inspections, and certifications is another challenge for the market growth.
Asia Pacific TIC Market for Oil & Gas Industry Opportunities
The TIC market for the oil & gas industry in Asia is expected to experience a steady growth due to increased investments in oil & gas infrastructure. More oil and gas companies are adopting advanced technologies as there is a higher need for TIC services to ensure the smooth integration and operation of these technologies. Also governments in Asia are focusing on improving industry safety and environmental standards, that further propels the demand for TIC services.
Asia Pacific TIC Market for the Oil and Gas Industry Segmentation:
VynZ Research provides an analysis of the key trends in each segment of the Asia Pacific TIC Market for the Oil and Gas Industry Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on sourcing type, service type, industry vertical.
Insight by Sourcing
On the basis of sourcing type, the Asia TIC market for the oil & gas industry is bifurcated into in-house and outsourced. The in-house segment dominates the market during the forecast period. 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.
Insight by Service
- Testing
- Inspection
- Certification
Based on service type, the Asia TIC market for the oil & gas industry is segmented into testing, inspection, and certification. Among these segments, the testing segment dominates the market due to the diverse product standards, increasing need for improved safety, stringent regulations, growing industrialization, and a need to protect the brand. Moreover, testing and certification services are required for oil & gas equipment in electrically operated equipment, LP-gas, service station
Insight 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
- Others
Based on industry vertical, the Asia TIC market for the oil & gas industry is divided into 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. Offshore and onshore production and storage facilities should be safe and have a strong presence throughout the life cycle of an asset. There should be a continuous inspection for pipelines and should be safe for the people and environment.
Asia Pacific TIC Market for Oil & Gas Industry Geographic Overview
The growing middle-class population in Asia has led to the growth in private consumption and mounting demand for safety and product quality, that has resulted in providing opportunities in the oil & gas industry. China has a massive demand for TIC services, as it is the largest oil and gas producer and consumer in Asia.
Recent Developments by Key Players
TUV Rheinland which is an international independent third-party testing, inspection, and certification organization, collaborated with Nippon Paint that involves extensive collaboration in green and sustainable development.
Intertek (UK-headquartered) has been re-appointed by the Dutch-German transmission system operator (TSO), TenneT, to provide long-term client representation services in support of North Sea offshore wind grid connections.
Asia Pacific TIC Market for Oil & Gas Industry Competitive Insight
The industry players in the TIC market have started building strategies like mergers and acquisitions product innovation, and geographical expansion to hold a major share in the market.
- Bureau Veritas
- SGS
- Intertek
- TUV Rheinland
The Asia Pacific TIC Market for Oil & Gas Industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
