The Germany Testing, Inspection, and Certification Market is expected to register a CAGR of 9.11% over the forecast period. The advent of stringent environmental norms and increasing health safety measures play a significant role in ensuring the infrastructure, services, and products are met with the standards and regulations in Germany. With the trend of testing and inspection across industries at regular intervals, such as oil and gas becoming a mandate, the testing, inspection, and certification (TIC) services are expected to grow in demand, irrespective of the industrial seasonality. Germany is significantly the largest economy in Europe and contributed almost a quarter of the EU’s GDP (24.7%) in 2019. The country has a robust foothold of players, such as the Dekra Certification and TUV SUD Group, contributing to the market’s growth positively.
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– In May 2019, TUV SUD PSB signed a Memorandum of Understanding (MoU) with the International Society of Automation to conduct certification assessments through ISASecure certification specifications. The company is now eligible to certify automation and control system products and organizations independently. This will ensure robust defense against cybersecurity attacks and provide assurances of product conformity for end-users of automation technology. Moreover, in Germany, the federal states are responsible for official food control and inspection tests. Businesses involved in the production, processing and selling of foodstuffs are required to document the quality of the raw materials used by carrying out in-house checks. The rising requirement for food safety and increasing international trade is expected to offer potential opportunities over the forecast period.
Key Market Trends
Manufacturing and Industrial Goods are expected to Witness Significant Growth
– Suppliers related services, product, and production-related services, and projects related services are considered to offer scope for this segment. This is one of the emerging segments, which offers enormous potential and opportunity for the market studied, mainly due to advancement and automation in the sector. The type of services provided by the companies in the region include materials testing, product certification, metallurgy and process design, in-plant and operational support, quality control, and management systems certification. The advancement in the manufacturing sector in Germany with Industry 4.0 and concepts, like the Industrial Internet of Things (IIoT), the TIC service providers have a massive opportunity to expand their business over the forecast period.
– In November 2019, TCO Development, provider of the internationally recognized certification for sustainable IT, TCO Certified, formed new cooperation with the Office for Procurement of the German Ministry of the Interior (BeschA). TCO Certified becomes an integral part of the established code of conduct, agreed to by the electronics industry group BITKOM and the BeschA, another step toward more sustainable procurement of IT products. Munich Re Group, a reinsurance company, based out of Germany, provides inspection services that help customers reduce risks and optimize the efficiency of plant and equipment. It provides inspection services for different classes’ plant and equipment to assist in compliance with health and safety legislation: boiler/pressure, lifting, electrical/mechanical, dust and fume extraction, power press, fixed electrical wiring.
Germany Testing, Inspection, and Certification Market Size Growth Analysis By Share, News, Demand, Opportunity 2022-2031
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