Americas Testing, Inspection & Certification Industry Overview
The Americas testing, inspection, and certification market is fragmented and consists of several players such as TUV SUD, TUV Rheinland, Bureau Veritas SA, Intertek Group PLC, and Societe Generale De Surveillance SA (SGS SA). It is expected that existing TIC companies will continue to make mergers and acquisitions part of their core business strategy over the forecast period, given the anticipated growth of the TIC market and an increase in globalization.
In December 2023, Bureau Veritas and Avance Labs entered into a memorandum of understanding (MoU) to tackle hydrogen certification, specifically the I-REC (HX) Hydrogen Code. This MoU will acknowledge the shared interest and advantages of establishing collaboration in the realm of attribute verification and certification. Bureau Veritas will serve as the exclusive Assurance Service Provider during the pilot phase of the I-REC (International Renewable Energy Certificate) (HX) Hydrogen Code.
In October 2023, SGS unveiled the inauguration of a cutting-edge toy testing facility in Bengaluru, located in the state of Karnataka in South India. This state-of-the-art laboratory received accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL) and is now fully operational. It aims to offer a comprehensive range of testing services, both domestic and international, to cater to the burgeoning toy manufacturing industry in southern India.
Americas Testing, Inspection & Certification Market Leaders
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Societe Generale De Surveillance SA (SGS SA)
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Intertek Group PLC
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Bureau Veritas SA
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TUV Rheinland
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TUV SUD
- *Disclaimer: Major Players sorted in no particular order
