Globalization has led to product standardization norms across various industries such as food and beverage, electronics, automotive industries along with the energy & power industry that results into the growth of the TIC market during the forecast period 2025-2030.

The emerging economies' energy and power generation sectors seeking TIC services assist in the demand further. Population migration from rural to urban areas, rising opportunities in renewable energy projects, and the inclination of outsourcing testing, inspection, and certification services is boosting the growth of the TIC market in the energy & power industry.

The demand for Testing, Inspection, and Certification (TIC) services in the energy and power industry is anticipated to grow owing to the growing government regulations, industry standards, and certification requirements. In addition, specialized equipment for renewable energy projects, like wind and solar energy, necessitates optimal performance, that leads to the deployment of TIC to ensure the effective functioning of essential machine components

Global TIC Market For Energy & Power Industry was at USD 8.7 Billion in 2030, and it is anticipated to grow at a CAGR of 4.3% during the forecast period (2025-2030)

The research report offers a thorough overview of the global market for TIC Market For Energy & Power Industry and insightful analysis on segmentation, dynamics, competition, and regional growth. The report's predictions are supported by recognized research methodologies and presumptions and look at specific strategies, then vendor profiles for the market.

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Growth Drivers of the Global TIC Market For Energy & Power Industry:
Stringent regulations & rising safety concerns: Stricter government regulations and growing focus on safety drive demand for TIC services to ensure compliance and prevent accidents.
Renewables boom: Expansion of renewable energy sources like solar & wind requires specialized equipment and efficient operation, boosting TIC demand.
Digitalization & tech adoption: Advancements in AR/VR, remote inspections, and cloud-based tech improve efficiency and accessibility of TIC services.
Growing infrastructure investments: Rising investments in grids, power plants, and transmission lines lead to increased need for TIC services during construction and maintenance.
Focus on cost control & efficiency: TIC helps optimize operations, reduce downtime, and ensure equipment reliability, contributing to cost savings.
Mergers & acquisitions: Consolidation within the TIC industry creates larger players with wider expertise and reach, potentially benefiting the market.
The latest global TIC Market For Energy & Power Industry report answers the following question
Which geographical areas will continue to be the most lucrative for companies in the global TIC Market For Energy & Power Industry?
Which circumstances during the assessment period will cause a shift in the demand for the TIC Market For Energy & Power Industry?
How will the market be impacted by evolving trends?
Which businesses are dominating the TIC Market For Energy & Power Industry sector?
What successful tactics do market participants use to strengthen their positions in this environment?
'Competitive Insight' section of this report provides a comprehensive study for readers to get a thorough overview of the market's competitive landscape, challenges and opportunities for entrants to survive and for leading market players to participate in the growth plan.

Top players in the market are:
Intertek Group plc
Bureau Veritas
UL LLC
SGS SA
Eurofins USA
TUV Rheinland
Lloyd Register Group Limited
DEKRA SE
Applus+
DNV GL

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Latest Updates and Developments:-
SGS expands its TIC services for offshore wind farms in Europe.
TÜV SÜD partners with a startup to offer AI-powered drone inspections for power lines.
Bureau Veritas acquires a company specializing in TIC services for solar energy projects.
Market segment analysis
The Segments of the Report are classified as Sourcing Type, Service Type, Industry Vertical, Geography and factors dominating the market and impacting the market growth plan during the forecast period.

The global market is segmented into the following sub-segments: -
Sourcing Type Insight and Forecast 2025-2030
In-House
Outsourced

Service Type Insight and Forecast 2025-2030
Testing
Inspection
Certification

Industry Vertical Insight and Forecast 2025-2030
Agriculture
Biofuels
Coal & Solid Fuels
Hydrogen
Minerals
Nuclear
Oil & Gas
Power Equipment
Power Generation
Power Transmission & Distribution
Solar
Wind, Wave & Tidal
Others

Geographical Segmentation
TIC Market For Energy & Power Industry by Region
North America
By Sourcing Type
By Service Type
By Industry Vertical
By Country – U.S., Canada, and Mexico

Europe
By Sourcing Type
By Service Type
By Industry Vertical
By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)
By Sourcing Type
By Service Type
By Industry Vertical
By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)
By Sourcing Type
By Service Type
By Industry Vertical
By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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Market Forecast Overview:
This report predicts future market growth based on:
Deep Dive: Historical data, industry trends, economics, expert opinions, and key variables like technology, regulations, and competition are analyzed.
Regional Insights: Population, economy, infrastructure, policies, and culture are studied to identify regional growth opportunities.
Competitor Watch: Strategies, products, pricing, distribution, and marketing of competitors are evaluated to understand the competitive landscape.
Market Pulse: Demand, supply, challenges, and opportunities are assessed to understand market dynamics and their impact.
Past as Prologue: Historical trends and past challenges are analyzed to inform future forecasts and strategic decisions.
The Adoption Journey: The report maps out the framework for adoption, development, distribution, and regulation of the studied technology.

Reasons to Buy This Report:
The report offers a detailed overview of the market by defining, describing, and classifying it, providing valuable insights for stakeholders.
It includes SWOT analysis and business plans of each vendor, enabling decision-makers to assess their strengths, weaknesses, opportunities, and threats.
In-depth analyses of current market trends, trend forecasts, and growth factors empower stakeholders to make informed decisions and capitalize on market opportunities.
Thorough reviews of the vendor landscape, competitive analysis, and important market strategies offer actionable insights for gaining a competitive edge in the market.

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