Fire Protection System Testing, Inspection, and Certification (TIC) Market Share

Updated on : October 23, 2024

Fire Protection System Testing, Inspection, and Certification (TIC) Market Size & Growth

Global fire protection system testing, inspection, and certification (TIC) market size was valued at USD  533 million in 2023 and is projected to reach USD 633 million by 2028; growing at a CAGR of 3.5% during the forecast period from 2023 to 2029.

Growing urbanization driving the growth of the construction industry, growing human life and property loss owing to fire breakouts, strict government regulations pertaining to fire protection are among the key factors driving the growth of fire protection system TIC market.

Fire Protection System Testing, Inspection, and Certification (TIC) Market Size Forecast to 2028

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Fire Protection System Testing, Inspection, and Certification (TIC) Market Trends and Dynamics:

Driver: Growing urbanization will drive the growth of the construction industry

The construction industry is becoming larger and complex. According to the Global Construction Perspective, the global construction market is expected to grow to USD 8 trillion by 2030. This growth will be driven by the US, China, and India. Growth in construction industry in the US is attributed to the high demand for housing and commercial places. The construction industry in APAC and Europe is expected to grow significantly over the next few years, driven by the increasing infrastructure spending in both regions despite the challenges in the financial market. Rising urbanization in emerging markets such as China, India, Indonesia, and Nigeria is anticipated to accelerate infrastructure spending for vital infrastructure sectors, including transportation, water & wastewater treatment, and power. This, in turn, will urge infrastructure financing toward consumer sectors, including manufacturing and transportation, which facilitate producing and distributing raw materials for consumer goods. Growth in new and retrofit infrastructure has heavily boosted the construction industry in developing countries. With new development plans and projects, the use of construction equipment is also growing. In the construction industry, there have been tremendous advancements in facility management in developing nations over the past several years, especially in the area of building automation. Installation of fire protection systems in buildings has become common, as these systems are useful in detecting, containing, and extinguishing fires at an early stage. Advanced technologies have been developed for communicating during fires, which enables quick deployment of response teams to the affected site.

Further, the construction industry is now focusing on connected construction technology, it is defined as an ecosystem of connected job sites, workers and machines that promotes operational effectiveness and safety of related assets, property, and workplace workers. In this connected construction technology, the sensors and tags link with job sites, machines, and workers, helps to provide the real-time visibility and analytical capabilities to the manager. Hence, as the technological development are rising in this industry and owing to the growth, the demand for fire protection systems will also increase.

Restraint: Lack of global testing, inspection, and certification standards and relaxation of certification norms offered to SMEs by some government authorities

Testing, inspection, and certification standards for end-use applications and end-user industries differ from country to country. Thus, the lack of global standards affects market growth. Different countries are known for the export and import of different items. For instance, the textile industry in India has higher exports and imports than other countries; therefore, India is witnessing a surging demand for testing, inspection, and certification services for textile applications in the country. The testing, inspection, and certification (TIC) market growth is driven by companies who strictly want to adhere to defined standards, and the growth is hampered when the country has relaxed norms pertaining to import and export. Small to medium-sized testing, inspection, and certification companies face challenges in terms of receiving accreditation due to the requirement for huge capital. Additionally, each country has different certification standards. For instance, the US and China have more certification standards for electronics, while Europe has a high number of certification standards for the automotive sector. Also, the Middle East and Europe have a high number of certification standards for oil & gas industries. Many times, this creates conflict between local and international standards, thereby hindering the market growth.

Opportunity: Adoption of foam-based fire detection systems owing to less negative impact on the environment

The foam-based fire protection system is an aggregate of air-filled bubbles, which is formed from aqueous solutions, and has the lower density than the other flammable liquids. This foam-based system is mainly used to design a coherent floating blanket on flammable and combustible liquids to prevent the fires by excluding air and cooling the fuel. Further, this system also helps to prevent the re-ignition by suppressing the formation of flammable vapours, and it sticks to the surfaces, providing protection from adjacent fires. Foam based fir detection system can be used as fire control, prevention, or extinguishing agent for processing industrial areas like refineries, oil & gas, and commercial area.

The benefits of foam-based fire detection systems include they are quite efficient and effective when used correctly. They have very minimum negative impact on environmental. Moreover, the foaming agent in this system can be readily biodegradable in natural environments and sewage treatment facilities. Foam based fire suppression systems can cover larger areas, filling a huge warehouse for example, in mere seconds. These systems are considered as an ideal if we need an extinguishing agent to dump and expand to cover a huge area fast. In addition, foam-based suppression systems are considered as more cost effective from both an installation and maintenance point of view. Hence, their demand is growing so rapidly in the testing, inspection, and certification (TIC) market.

Challenge: Low adoption rate of innovative technologies in fire protection system TIC services

The sluggish adoption of innovative technologies in fire protection system Testing, Inspection, and Certification (TIC) services can be attributed to cost concerns, as these advanced solutions can require significant upfront investments. Additionally, the industry's conservative nature and stringent safety regulations and standards create a reluctance to change well-established practices. Limited awareness and understanding of the benefits of emerging technologies also hinder adoption. To address this, stakeholders should be educated about the advantages, including improved efficiency, accuracy, and safety, that these innovations can bring to fire protection systems, ultimately encouraging their wider integration into TIC services.

Fire protection system testing, inspection, and certification (TIC) Market Ecosystem

Prominent companies in this market include well-established, financially stable providers of fire protection system testing, inspection, and certification (TIC) services. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include SGS SA (Switzerland), Bureau Veritas (France), DEKRA (Germany), TÜV SÜD (Germany), TÜV Rheinland (Germany), DNV GL (Norway), Intertek Group plc (UK), TÜV NORD Group (Germany), UL LLC (US), Eurofins Scientific (Luxembourg), Kiwa (Netherlands), and APi National Service Group (APi NSG) (US).

Fire Protection System Testing, Inspection, and Certification (TIC) Market Segmentation

By services, the testing segment is expected to have the largest market share from 2023 to 2028

During the forecast period, testing services within the Fire Protection System Testing, Inspection, and Certification (TIC) market are anticipated to secure the largest testing, inspection, and certification (TIC) market share. This prominence is driven by several factors, including the increasing emphasis on proactive fire safety measures, stringent regulatory requirements, and growing awareness among industries and facility owners about the critical need to ensure their fire protection systems' proper functioning and reliability. Testing services play a pivotal role in assessing the performance of fire safety equipment, identifying potential issues, and verifying compliance with safety codes and standards. As a result, businesses and organizations are likely to prioritize regular testing to maintain the integrity of their fire protection systems, thus driving the demand for testing services and contributing to their dominant market share within the Fire Protection System TIC sector.

By Application, the oil & gas and petroleum segment is likely to grow at the highest CAGR between 2023 and 2028.

In Fire Protection System Testing, Inspection, and Certification (TIC) environment, the oil & gas and petroleum industry is poised to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period. This ascent is driven by the industry's strict regulatory environment, characterized by the imperative need to adhere to rigorous safety standards and regulations to avert potentially catastrophic fire-related incidents. Given the inherently high-risk nature of oil refineries, drilling platforms, petrochemical plants, and storage facilities, comprehensive fire protection systems are indispensable for safeguarding lives, assets, and the environment. As these facilities house invaluable assets and operate in environments prone to fire hazards, a commitment to regular TIC services becomes paramount to ensure compliance and fortify asset protection and foster a culture of safety investment within the industry.

Fire Protection System Testing, Inspection, and Certification (TIC) Industry Regional Analysis

Asia Pacific region is likely to experience the highest growth in the overall fire protection system testing, inspection, and certification (TIC) market during the forecast period

Fire Protection System Testing, Inspection, and Certification (TIC) Market by Region

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During the forecast period, the Asia Pacific region is expected to experience the highest testing, inspection, and certification (TIC) market growth rate in the Fire Protection System Testing, Inspection, and Certification (TIC) industry. This growth can be attributed to several factors, including rapid urbanization, increased construction activities, and heightened awareness of fire safety regulations in countries across the region. As more buildings and infrastructure projects are developed, there is a growing demand for comprehensive fire protection services to ensure compliance with safety standards. Additionally, efforts to modernize and upgrade existing fire protection systems in established urban areas further contribute to the increasing demand for TIC services. The Asia Pacific's economic growth and emphasis on safety measures are expected to drive the expansion of the TIC market in the region, making it a key growth area within the global fire protection industry.

Top Fire Protection System Testing, Inspection, and Certification (TIC) Companies - Key Market Players

• SGS SA (Switzerland), 
• Bureau Veritas (France), 
• DEKRA (Germany), 
• TÜV SÜD (Germany),
• TÜV Rheinland (Germany), 
• DNV GL   (Norway), 
• Intertek Group plc (UK), 
• TÜV NORD Group (Germany),
• UL LLC (US) are some of the key players in the fire protection system testing, inspection, and certification (TIC) companies.

Fire Protection System Testing, Inspection, and Certification (TIC) Market Report Scope

Fire Protection System Testing, Inspection, and Certification (TIC) Market Highlights

This research report categorizes the fire protection system testing, inspection, and certification (TIC) market share based on service type, system type, application, and region.

Recent Developments in Fire Protection System Testing, Inspection, and Certification (TIC) Industry

• In June 2023, DEKRA launched its inaugural suite of Artificial Intelligence (AI) Testing and Certification services, aimed at aiding clients in safeguarding the safety and security of their AI-driven products and services. The burgeoning AI field is demonstrating significant potential, swift growth prospects, and market feasibility.
• In January 2023, TÜV Rheinland acquired ABB’s UK technical engineering consultancy, a part of ABB’s Energy Industries division. This component will be incorporated into TÜV Rheinland's UK Industrial Services & Cybersecurity division.
• In December 2022, Intertek Group plc launched the Intertek Green R&D, a cutting-edge integrated solution that guarantees a product's sustainability, quality, and safety qualities.
• In November 2022, Using state-of-the-art technologies, SGS SA’s Harfleur laboratory in France offers world-class hydrogen testing capabilities to guarantee hydrogen (H2) purity compliance. These services will help companies manage industrial risks and hydrogen quality.
• In April 2022, ioMosaic (US), a leading provider of process safety solutions (PSS), collaborated with TÜV SÜD for risk management and process safety services. Under this collaboration, the clients of these organizations will receive a larger bundle of services, digital applications, expanded laboratory capacity & training options, and enhanced training expertise.

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