Fire Testing - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Fire Testing market is accounted for $6.39 billion in 2019 and is expected to reach $11.74 billion by 2027 growing at a CAGR of 7.9% during the forecast period. Some of the key factors propelling the market growth are growing adoption of safety systems in industries and mounting automation in buildings. However, international rules for fire testing services are the restraining factor for the growth of the market.
A fire testing is essential for determining whether fire protection goods meet minimum performance criteria as set out in a building code or additional applicable legislation. It measures how simply materials ignite, how quickly they burn, and how they respond when burned. Fire testing laboratories use different testing methods, on the basis of international flammability testing standards and the type of material being tested.
By application, construction & infrastructure segment is expected to grow at the significant market share during the forecast period due to mounting require for fire testing services in fire protection and manage equipment and fire detection and notification equipment that are put to use across dissimilar industrial and commercial infrastructure across the world. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to quick industrialization and urbanization in countries such as China, India, and Japan. Also, this region is one of the main exporters of goods, products, and services. The population in APAC is also massive, and the number going on rising at a steady rate.
Some of the key players in Fire Testing Market include Applus+ , BRE Group, Bureau Veritas SA, DEKRA SE, DNV GL, Element Materials Technology, F.E. Moran Fire Protection, Fireflow Services, Inc, Geyer Fire, Impact Fire Services, International Fire Consultants Group, Intertek, J. Meadows Fire & Sprinkler , Mistras Group, Inc, Premier Technical Service Group PLC (PTSG) , QIMA , Rina, SGS Group, STC Group and United Technologies.
• Aerospace & Defense
• Agriculture & Food
• Construction & Infrastructure
• Consumer Goods & Electronics
• Energy & Power
• Industrial & Manufacturing
• Information Technology & Telecom
• Marine & Railways
• Medical & Life Sciences
• Oil & Gas and Petroleum
• Public Sector
• Sports & Entertainment
• Supply Chain & Logistics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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