Industry Overview
The Europe TIC Market For Water Industry was USD 0.21 billion in 2023 and has reached a value of USD 0.67 billion in 2030, with an anticipated compound annual growth rate CAGR of 7.2% from 2025 to 2030.
Globalization has led to product standardization norms and has penetrated developed technologies across various industries such as the water industry in Europe. Testing is an industry activity that assures manufactured products, individual components and multi-component systems that are suitable for the programmed purpose. The most critical factor for the survival of any manufacturing companies are inspection and testing which are the operating parts of quality control. Quality control directly supports other factors such as on-time delivery, cost, productivity and market share. Upsurge in the illicit trade of counterfeit and pirated products, mandatory safety regulations, advancement in networking and communication technology, the inclination of outsourcing testing, inspection and certification services is boosting the growth of the Europe TIC market in water industry. The increasing sensitivity of government of Europe to provide a cleaner environment, favorable initiatives, rules, and regulations in water shall lead to the growth of testing, inspection,
and certification market during the forecast period 2025-2030. Water is one of the precious resources that require quality and preservation. TIC in the water industry is required to find out the risk of corrosion according to national and international standards, sanitation of tap water, evaluation of water heating installations, treating wastewater, evaluate drinking water installations and treatments according to VDI-guidelines. TIC companies in Europe cater to different industrial sectors along with water and provide various standards and legislation. Business organizations in the Europe TIC market for Water Industry are intensifying IT infrastructures and developing business continuity plans, implying that the testing, inspection, and certification market to enhance and protect brand reputation, enables trade and verify products’ safety.
Market Segmentation
Insight by Sourcing Type
Based on sourcing type, the Europe TIC market for the water industry is bifurcated into in-house and outsourced. Among the two segments, the in-house segment dominates the market and is anticipated to hold the largest share during the forecast period 2023-2030 as in-house testing and inspection will offer companies to have complete control over the entire process in terms of technology, skilled personnel, and testing and measurement equipment. In-house testing is must evaluate many facets of the operations such as source, transportation, supplies, ingredients, equipment, maintenance, product, and distribution that is important for a bottled water business
Insight by Service Type
On the basis of service type, the Europe TIC market for the water industry is segmented into testing, inspection, and certification. Among these segments, the testing segment holds the largest share in the testing, inspection, and certification market during the forecast period as water testing shall assess the water quality and determine various properties such as dissolved gas content, turbidity, radioactivity and water conductivity.
Insight by Industry Vertical
Based on industry vertical, the Europe TIC market for the water industry is divided into municipal water, desalination, sanitation, industrial water, rainwater catchment and others. Because of aging infrastructure and massive demand, there is a need for water maintenance and asset management to improve performance, cost and reliability.
Europe TIC Market For Water Industry Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. 0.21 Billion
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Revenue Forecast in 2030
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U.S.D. 0.67 Billion
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Growth Rate
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7.2%
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Segments Covered in the Report
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By Sourcing Type, By Service Type, By Industry Vertical
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Report Scope
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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
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Regions Covered in the Report
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Germany, France, The United Kingdom, Russia and Italy
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Industry Dynamics
Industry Trends
The Europe TIC market for the water industry is characterized by various industry trends such as growing investment in AR and VR, technological innovations such as automation, digitalization, and data analytics that are transforming the way of operations and evolving consumer preferences. These innovations improve efficiency, accuracy, and safety in Testing, Inspection and Certification.
Growth Drivers
The Europe Testing, Inspection, and Certification (TIC) Market for water industry is anticipated to be driven by industry standards, growing government regulations and certification requirements. The water testing market is primarily focused on leveraging artificial intelligence, machine learning, neural networks, and video analytics to assess various optical characteristics of water such as motion, odor, color and contaminants. This trend contributes to the expansion of the TIC market.
Challenges
The major restraints faced by the Europe Testing, Inspection and Certification market are trade wars and growth fluctuations, high cost of TIC and huge investment for automation and installation of industrial safety systems. Also, lack of skilled personnel and testing facilities may hinder the growth of the Europe TIC market for Water Industry.
Opportunities
The rising need for eco-friendly formulations like the green alternative formulations will provide opportunities for the growth of the Europe TIC market for water industry.
Geographic Overview
Geographically, the Europe Testing, Inspection and Certification Market is distributed across Germany, France, UK, Russia, and Italy. Germany dominates the market as the German Water Partnership unites more than 300 German companies. They seek solutions to challenges facing the water industry, in developing countries in Europe.
Competitive Insight
Key players are adopting technological changes to improve their product portfolio and generate new revenues. The industry players are focusing on new services and delivery models to access the growing demand for remote service execution, automation and improved digitization.
Intertek is a leading Total Quality Assurance provider to industries worldwide. Company delivers service to bring safety, quality and sustainability to life. It provides 24/7 mission-critical quality assurance solutions to their clients.
Lloyd's Register Group Limited is a technical services organization dedicated to research and education in science and engineering.
Some of the key players operating in the TIC market in the water industry are Intertek Group plc, Bureau Veritas, Eurofins USA, TUV Rheinland, Lloyd Register Group Limited, UL LLC, SGS SA, ALS Limited, Applus+, and DNV GL.
The Europe TIC Market for Water Industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.
Segments Covered in the Report
- Sourcing Type
- Service Type
- Testing
- Inspection
- Certification
- Industry Vertical
- Municipal Water
- Desalination
- Sanitation
- Industrial Water
- Rainwater Catchment
- Others
Region Covered in the Report
- Germany
- France
- United-Kingdom
- Russia
- Italy
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Source: VynZ Research
Source: VynZ Research
