Global Fire Testing Market Revenue Projected to Reach USD 9.4 Billion by 2026

06-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Fire Testing Market By service (Inspection, Certification, Testing, and Others), By Sourcing (Outsourced and In-house), By Application (Energy & Power, Chemicals, Oil & Gas and Petroleum, Consumer Goods & Electronics, Aerospace & Defense, Agriculture & Food, Construction & Infrastructure, Automotive, Industrial & Manufacturing, Marine & Railways, Medical & Life Sciences, Mining, Supply Chain & Logistics, Public Sector, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global fire testing market in 2019 surpassed USD 6 Billion. The market is expected to grow at a CAGR of around 6.4% and is anticipated to hit USD 9.4 Billion by 2026.

Fire testing is a crucial process in approving the fire protection products for commercial launch. The process is used to assess the performance levels of the fire protection products and to determine if the products meet the regulatory standards. The fire testing market is gradually penetrating into a wide variety of sectors, including construction & infrastructure, mining, oil & gas and petroleum, aerospace & defense, automotive, chemicals, etc. Fire tests evaluate the protection levels for both passive as well as active fire protection products and each type of item has its specific methodologies & scales. Moreover, the fire tests are different for the entire systems and the components installed within the system.

Browse the full “Fire Testing Market By service (Inspection, Certification, Testing, and Others), By Sourcing (Outsourced and In-house), By Application (Energy & Power, Chemicals, Oil & Gas and Petroleum, Consumer Goods & Electronics, Aerospace & Defense, Agriculture & Food, Construction & Infrastructure, Automotive, Industrial & Manufacturing, Marine & Railways, Medical & Life Sciences, Mining, Supply Chain & Logistics, Public Sector, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-fire-testing-market-by-service-inspection-certification-669

In case of drastic fire breakout in a residential or commercial building, a consumer good, or in a public or personal vehicle, the most critical variable that has a direct impact on the public safety is the fire resistance ability of the fire protection material used in construction. Therefore, the industry players have to test the stability, fire-, heat-, and pressure-resistance of the material before manufacturing or integrating those materials in the products, which will eventually propel the global fire testing market.

Construction & infrastructure segment will witness the leading position in the global fire testing market during 2020–2026

The governments have mandated the installation of fire protection systems for the recent and upcoming construction projects, which is one of the major factors escalating the demand for the fire testing market. The fire protection systems include fire detection, alarming, and controlling equipment that is majorly installed in extensive commercial & industrial infrastructures worldwide.

The Asia Pacific held the major revenue generated by the global fire testing market in the past five years

The Asia Pacific fire testing market is growing at a remarkable pace owing to the rapid urbanization & industrialization in developing countries such as India, Japan, and China. Moreover, the region holds the leading position in terms of exporting products, goods, and services.

Report Scope

Some of the key players driving the global fire testing market are United Technologies, Bureau Veritas SA, International Fire Consultants Group, TUV SUD, QIMA, Element Materials Technology, SGS Group, DEKRA SE, Intertek, UL LLC, and Applus+, among others.

This report segments the global fire testing market as follows:

Global Fire testing Market: Service Segmentation Analysis

• Inspection
• Certification
• Testing
• Others

Global Fire testing Market: Sourcing Segmentation Analysis

• Outsourced
• In-house

Global Fire testing Market: Application Segmentation Analysis

• Energy & Power
• Chemicals
• Oil & Gas and Petroleum
• Consumer Goods & Electronics
• Aerospace & Defense
• Agriculture & Food
• Construction & Infrastructure
• Automotive
• Industrial & Manufacturing
• Marine & Railways
• Medical & Life Sciences
• Mining
• Supply Chain & Logistics
• Public Sector
• Others (IT & Telecom and Sports & Entertainment)

Global Fire testing Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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