Status : Published | Published On : Jan, 2024 | Report Code : VRSME9059 | Industry : Semiconductor & Electronics | Available Format : | Page : 160 |
The Global Water Industry's Testing, Inspection, And Certification Market reached a value of USD 1.2 billion in 2023, with a projected compound annual growth rate (CAGR) of 7% from 2025 to 2030.
Testing in TIC means an industry activity that assures manufactured products, individual components, and multi-component systems are suitable for the predetermined purpose. Inspection and testing are the operating parts of quality control, which is the most critical factor for the survival of any manufacturing company. Quality control directly supports other factors such as cost, productivity, on-time delivery, and market share. The testing, inspection, and certification market report is composed of conformity assessment agencies, which provide services from audit and inspection to testing, verification, quality assurance, and certification.
Globalization has led to product standardization norms and has penetrated developed technologies across various industries such as the water industry, electronics, and automotive industries, etc., resulting in the growth of the TIC market during the forecast period 2023-2030. Moreover, the growing middle-class population, rapid urbanization, population migration from rural to urban areas globally, mandatory safety regulations, upsurge in the illicit trade of counterfeit and pirated products, advancement in networking and communication technology, the inclination of outsourcing testing, inspection, and certification services has propelled the growth of the TIC market in water industry. Nevertheless, TIC provides various advantages related to its credibility and image, compliance with legal and regulatory requirements, less turnover of employees, high level of cost control improvement, and fast improvement of different processes. The increasing sensitivity of governments globally to provide a cleaner environment, favorable initiatives, rules, and regulations in sectors such as healthcare, water, automotive, etc. and fast adoption of digital technologies to thoroughly transform TIC services are expected to the growth of testing, inspection, and certification market during the forecast period 2025-2030. Water is one of the precious resources that require preservation and quality. TIC in the water industry is required to find out the risk of corrosion according to national and international standards, treating wastewater, evaluate drinking water installations and treatments, sanitation of tap water, evaluation of water heating installations according to VDI-guidelines.
TIC companies are catering to different industrial sectors such as agriculture, automotive, raw materials, IT and electronics, water industry, building & construction, environmental protection, food testing, and oil and gas, maritime, medicine, education, tourism, logistics, consumer products, etc. and provide various standards and legislation
The COVID-19 pandemic resulted in a short-term decline in demand and revenue in the first quarter of 2020. Moreover, TIC is playing a crucial role by offering assurance that the products and services offered to the customers will provide safety and health standards.
Business organizations in the TIC market are intensifying IT infrastructures and developing business continuity plans, implying that the testing, inspection, and certification market are holding the substantial potential to bounce back from the COVID-19 outbreak. This is due to the fact that TIC services will enhance and protect brand reputation, verify products’ safety, and enables trade.
Based on sourcing type, the 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. Deploying 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 important for a bottled water business and must evaluate many facets of the operations such as source, transportation, supplies, ingredients, equipment, maintenance, product, and distribution. Thus, enabling organizations to handle TIC activities like on-site availability, ability to employ talent, and establish custom practices as per the needs and desires of the organizations.
Based on service type, the 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 in 2020 owing to the diverse product standards, stringent regulations, increasing need for improved safety, growing industrialization, and a need to protect the brand. Water testing will assess the water quality and determine various properties such as turbidity, dissolved gas content, radioactivity, and water conductivity. Moreover, the certification market is anticipated to have a high CAGR during the forecast period owing to the consumer awareness about the certified products, companies growing need to improve the product value, the surge in demand for quality and safe products, and mandatory regulatory requirements.
Based on industry vertical, the TIC market for the water industry is divided into municipal water, industrial water, desalination, sanitation, rainwater catchment, and others. There is a need to support projects at various stages of feasibility, design & permitting, procurement, construction, and operation. Because of aging infrastructure and massive demand, there is a need for water maintenance and asset management to improve cost, performance, and reliability. This will result in monitoring the condition, risk assessment, and performance optimization.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2025 |
Forecast Period |
2025 - 2030 |
Market Size in 2024 |
U.S.D. 1.2 Billion |
Revenue Forecast in 2030 |
U.S.D. x.x Billion |
Growth Rate |
7% |
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 |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
The TIC market for the water industry is characterized by various industry trends such as growing investment in AR and VR, mounting adoption of connected devices and cloud-based technology, increasing mergers and acquisitions by the industry players, and sustained consolidation of suppliers leading to globalization.
The demand for Testing, Inspection, and Certification (TIC) services in the water industry is expected to be driven by growing government regulations, industry standards, certification requirements, and significant penalties for non-compliance. 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 odor, color, motion, and contaminants. This trend contributes to the expansion of the TIC market. Additionally, manufacturing companies' increasing emphasis on delivering high-quality products leads to enhanced customer retention, thereby increasing the demand for interoperability testing of connected devices and IoT. Factors like globalization, the rise of global trade, and the emergence of digital technologies further contribute to the growth of the TIC market in the water industry.
The testing, inspection, and certification market face certain challenges like trade wars and growth fluctuations, huge investment for automation and installation of industrial safety systems, high cost of TIC owing to diverse standards and regulations globally. Moreover, a lack of testing facilities and skilled personnel may hamper the growth of the TIC market.
Testing, inspection, and certification is a massive market that provides lucrative opportunities in technologies such as AI, robotics, drones, big data analytics, next-generation automation, and cloud and cybersecurity. Moreover, the rising need for eco-friendly formulations such as the use of green alternative formulations, etc. will provide opportunities for the growth of the TIC market in the water industry.
Geographically, APAC is anticipated to have a high CAGR during the forecast period owing to the rising investment in R&D, rapid urbanization & industrialization, huge manufacturing capabilities and exports, rising per capita income among the middle-class population, improved lifestyles, and increasing consumer awareness about the importance of quality certification, testing, and inspection. Moreover, the developed countries have their manufacturing units in the region, especially in China and India. These manufacturing units manufacture products according to internationally accepted standards. Nevertheless, the growing middle-class population has led to the growth in private consumption and mounting demand for safety and product quality, resulting in providing opportunities in the water industry.
Key players are adopting technological changes to improve their product portfolio and generate new revenues, optimize the operational cost, and enhance service efficiencies via process upgrades. The industry players are taking the COVID-19 crisis as an opportunity to restructure and revisit their existing strategies, focus on new services and delivery models to access the growing demand for automation, remote service execution, and improved digitization.
There is a need to mitigate the loss owing to the COVID-19 crisis which has prompted companies to provide products and services in relation to wastewater testing and analysis. ALS has started providing wastewater testing and analysis solution to various companies.
Lloyd's Register Group Limited is a technical and professional services organisation and a maritime classification society which is wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering.
ALS has provided comprehensive testing solutions to clients in a wide range of industries all over the world. The company's state-of-the-art technology and innovative methodologies coupled with the strength of our international teams – ensure that we deliver the highest quality services using local expertise and personalized solutions.
Some of the key players operating in the TIC market in the water industry are Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins USA, TUV Rheinland, Lloyd Register Group Limited, ALS Limited, Applus+, and DNV GL.
Lloyd’s Register and Guangzhou Shipyard International (GSI) have collaborated for the design of the world’s largest very large ammonia carrier (VLAC) at the Posidonia event in Athens, Greece. The vessel, with a carrying capacity of 100,000 cu m, will feature an independent IMO type B tank for the safe storage of ammonia which is expected to optimise its operational efficiency.
ALS Limited has acquired Northeast USA based York Analytical Laboratories and Western Europe based Wessling Holding GmbH & Co. KG supporting ALS’ strategic growth agenda in its Life Sciences portfolio specifically, the Environmental business.
The 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
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Sourcing Type
1.2.2. By Service Type
1.2.3. By Industry Vertical
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Sourcing Type
5.1.1. In-House
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Outsourced
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.2. By Service Type
5.2.1. Testing
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Inspection
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Certification
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.3. By Industry Vertical
5.3.1. Municipal Water
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Industrial Water
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Desalination
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Sanitation
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Rainwater Catchment
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Others
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Sourcing Type
6.2. By Service Type
6.3. By Industry Vertical
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Sourcing Type
7.2. By Service Type
7.3. By Industry Vertical
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Sourcing Type
8.2. By Service Type
8.3. By Industry Vertical
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Singapore Market Estimate and Forecast
8.4.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Sourcing Type
9.2. By Service Type
9.3. By Industry Vertical
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Intertek Group plc
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Bureau Veritas
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. UL LLC
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. SGS SA
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Eurofins USA
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. TUV Rheinland
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Lloyd Register Group Limited
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. ALS Limited
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Applus+
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. DNV GL
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 5 Global TIC Market for Water Industry Size, By Sourcing Type,2025 - 2030 (USD Billion)
Table 6 Global TIC Market for Water Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 7 Global TIC Market for Water Industry Size, By Service Type,2025 - 2030 (USD Billion)
Table 8 Global TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 9 Global TIC Market for Water Industry Size, By Industry Vertical,2025 - 2030 (USD Billion)
Table 10 Global TIC Market for Water Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 11 Global TIC Market for Water Industry Size, by Region,2025 - 2030 (USD Billion)
Table 12 North America TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 13 North America TIC Market for Water Industry Size, By Sourcing Type,2025 - 2030 (USD Billion)
Table 14 North America TIC Market for Water Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 15 North America TIC Market for Water Industry Size, By Service Type,2025 - 2030 (USD Billion)
Table 16 North America TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 17 North America TIC Market for Water Industry Size, By Industry Vertical,2025 - 2030 (USD Billion)
Table 18 North America TIC Market for Water Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 19 North America TIC Market for Water Industry Size, by Region,2025 - 2030 (USD Billion)
Table 20 Europe TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 21 Europe TIC Market for Water Industry Size, By Sourcing Type,2025 - 2030 (USD Billion)
Table 22 Europe TIC Market for Water Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 23 Europe TIC Market for Water Industry Size, By Service Type,2025 - 2030 (USD Billion)
Table 24 Europe TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 25 Europe TIC Market for Water Industry Size, By Industry Vertical,2025 - 2030 (USD Billion)
Table 26 Europe TIC Market for Water Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 27 Europe TIC Market for Water Industry Size, by Region,2025 - 2030 (USD Billion)
Table 28 Asia-Pacific TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific TIC Market for Water Industry Size, By Sourcing Type,2025 - 2030 (USD Billion)
Table 30 Asia-Pacific TIC Market for Water Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific TIC Market for Water Industry Size, By Service Type,2025 - 2030 (USD Billion)
Table 32 Asia-Pacific TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific TIC Market for Water Industry Size, By Industry Vertical,2025 - 2030 (USD Billion)
Table 34 Asia-Pacific TIC Market for Water Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific TIC Market for Water Industry Size, by Region,2025 - 2030 (USD Billion)
Table 36 RoW TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2023 (USD Billion)
Table 37 RoW TIC Market for Water Industry Size, By Sourcing Type,2025 - 2030 (USD Billion)
Table 38 RoW TIC Market for Water Industry Size, By Service Type, 2018 - 2023 (USD Billion)
Table 39 RoW TIC Market for Water Industry Size, By Service Type,2025 - 2030 (USD Billion)
Table 40 RoW TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2023 (USD Billion)
Table 41 RoW TIC Market for Water Industry Size, By Industry Vertical,2025 - 2030 (USD Billion)
Table 42 RoW TIC Market for Water Industry Size, by Region, 2018 - 2023 (USD Billion)
Table 43 RoW TIC Market for Water Industry Size, by Region,2025 - 2030 (USD Billion)
Table 44 Snapshot – Intertek Group plc
Table 45 Snapshot – Bureau Veritas
Table 46 Snapshot – UL LLC
Table 47 Snapshot – SGS SA
Table 48 Snapshot – Eurofins USA
Table 49 Snapshot – TUV Rheinland
Table 50 Snapshot – Lloyd Register Group Limited
Table 51 Snapshot – ALS Limited
Table 52 Snapshot – Applus+
Table 53 Snapshot – DNV GL
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global TIC Market for Water Industry - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global TIC Market for Water Industry Highlight
Figure 12 Global TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 13 Global TIC Market for Water Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 14 Global TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 15 Global TIC Market for Water Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America TIC Market for Water Industry Highlight
Figure 17 North America TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 18 North America TIC Market for Water Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 19 North America TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 20 North America TIC Market for Water Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 21 Europe TIC Market for Water Industry Highlight
Figure 22 Europe TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 23 Europe TIC Market for Water Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 24 Europe TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 25 Europe TIC Market for Water Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific TIC Market for Water Industry Highlight
Figure 27 Asia-Pacific TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific TIC Market for Water Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific TIC Market for Water Industry Size, by Region, 2018 - 2030 (USD Billion)
Figure 31 RoW TIC Market for Water Industry Highlight
Figure 32 RoW TIC Market for Water Industry Size, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 33 RoW TIC Market for Water Industry Size, By Service Type, 2018 - 2030 (USD Billion)
Figure 34 RoW TIC Market for Water Industry Size, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 35 RoW TIC Market for Water Industry Size, by Region, 2018 - 2030 (USD Billion)
Global TIC Market for Water Industry- Market Coverage
Sourcing Type Insight and Forecast 2025-2030
Service Type Insight and Forecast 2025-2030
Industry Vertical Insight and Forecast 2025-2030
Geographical Segmentation
TIC Market for Water Industry by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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