The fire testing market in Asia-Pacific is expected to grow from US$ 1.64 Bn in 2018 to US$ 3.08 Bn by the year 2027. This represents a CAGR of 7.6% from the year 2019 to 2027.
Several factors that are impacting the market as a whole the macroeconomic circumstances, which affect new constructions and correspondingly the new equipment and service installations. The construction sector is witnessing a decent growth rate in recent time. The trend is foreseen to continue over the years, thereby creating a huge space for commercial and industrial constructions. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The growth in the construction of commercial buildings is anticipated to provide prosperous opportunities to the market to grow across the globe; thus, positively impacting the fire testing market
As urbanization has increased, there have been increasing demands for commercial complexes, housing, and infrastructural constructions from the consumer segment. Also, the legacy and existing cabling infrastructure used in commercial buildings, offices, malls, and other confined places have proven to be incapable of handling the current capacities. A small occurrence of fire could lead to fatal results. In the urbanization era, with the rise in the number of constructions, care needs to be taken of human lives and property as well. With an increasing number of constructions, there has been an increasing number of fire incidents being reported daily across the globe. The fire causes could be many, and such fire losses have been significantly impacting the economy of countries around the world. Thus, the need for a robust cable infrastructure at these locations that do not pose any fire-related risks. These factors would further create a strong opportunity platform for the fire test service providers operating in the market.
Currently, China is dominating the fire testing market in terms of installation, which in turn boosts the demand for the fire testing market in the region. Several multinationals operating in different sectors are targeting the Chinese market and opening their manufacturing facilities in the country. The presence of a robust manufacturing industry in the country, the demand for a fire testing market is anticipated to witness robust growth. GB standards are the Chinese national standards issued by the Standardization Administration of China (SAC), the Chinese National Committee of the IEC and ISO. The prefixed "GB" is a mandatory standard for fire testing. Whereas, recommended standards are prefixed "GB/T." GB standards are the basis for the product testing which products must undergo during the China Compulsory Certificate (CCC) certification. The various standards set for fire testing in China include Fire Test to Building material – Chinese Standard: GB 8624, GB/T 34749-2017, GB/T 9978.9-2008, GB/T 9978.8-2008, GB/T 9978.7-2008, GB/T 9978.6-2008, and others. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific fire testing market in the forecast period:
Rest of Asia-Pacific Fire Testing Market Revenue and Forecasts to 2027 (US$ Mn)
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ASIA-PACIFIC Fire testing MARKET - SEGMENTATION
Asia-Pacific Fire Testing Market - By Service
- Testing
- Inspection
- Certification
Asia-Pacific Fire Testing Market - By Sourcing Type
- In-house
- Outsourced
Asia-Pacific Fire Testing Market - By Application
- Building & Construction
- Automotive
- Industrial & Manufacturing
- Consumer Goods & Retail
- Aerospace & Defense
- Others
Asia-Pacific Fire testing Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-Pacific Fire testing Market - Companies Mentioned
- Applus Services, SA
- Bureau Veritas SA
- Dekra
- Element Materials Technology
- International Fire Consultants Group
- Intertek Group plc
- SGS SA
- TUV SUD AG
- UL LLC
- United Technologies Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service, Sourcing Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Fire Testing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Fire Testing Market – Asia-Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia-Pacific Fire Testing Market– Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Need to comply to the stringent fire compliances and regulations
5.1.2 Significant growth of construction sector
5.2 Key Market Restraints
5.2.1 Lack of skilled workforce and presence of forged products
5.3 Key Market Opportunities
5.3.1 Growing industrialization and industrialization in emerging economies
5.4 Future Trends
5.4.1 Convergence of smart buildings
5.5 Impact Analysis of Drivers and Restraints
6. Asia-Pacific Fire Testing Market –Market Analysis
6.1 Asia-Pacific Fire Testing Market Overview
6.2 Asia-Pacific Fire Testing Market Forecast and Analysis
7. Asia-Pacific Fire Testing Market Analysis – By Service
7.1 Overview
7.2 Fire Testing Market Breakdown, By Service, 2018 & 2027
7.3 Testing
7.3.1 Overview
7.3.2 Testing Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Inspection
7.4.1 Overview
7.4.2 Inspection Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Certification
7.5.1 Overview
7.5.2 Certification Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia-Pacific Fire Testing Market Analysis – By Sourcing Type
8.1 Overview
8.2 Asia-Pacific Fire Testing Market Breakdown, By Sourcing Type, 2018 & 2027
8.3 In-house
8.3.1 Overview
8.3.2 In-house Market Forecasts and Analysis
8.4 Outsourced Services
8.4.1 Overview
8.4.2 Outsourced Services Market Forecasts and Analysis
9. Asia-Pacific Fire Testing Market Analysis – By Application
9.1 Overview
9.2 Fire Testing Market Breakdown, By Application, 2018 & 2027
9.3 Building & Construction
9.3.1 Overview
9.3.2 Building & Construction Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Industrial and Manufacturing
9.5.1 Overview
9.5.2 Industrial and Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Consumer Goods & Retail
9.6.1 Overview
9.6.2 Consumer Goods & Retail Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Aerospace & Defence
9.7.1 Overview
9.7.2 Aerospace & Defence Market Revenue and Forecasts to 2027 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Asia-Pacific Fire Testing Market – Country Analysis
10.1.1 APAC Fire Testing Market Breakdown, By Key Country
10.1.1.1 Australia Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 Australia Fire Testing Market Breakdown, By Service
10.1.1.1.2 Australia Fire Testing Market Breakdown, By Sourcing Type
10.1.1.1.3 Australia Fire Testing Market Breakdown, By Application
10.1.1.2 China Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 China Fire Testing Market Breakdown, By Service
10.1.1.2.2 China Fire Testing Market Breakdown, By Sourcing Type
10.1.1.2.3 China Fire Testing Market Breakdown, By Application
10.1.1.3 India Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 India Fire Testing Market Breakdown, By Service
10.1.1.3.2 India Fire Testing Market Breakdown, By Sourcing Type
10.1.1.3.3 India Fire Testing Market Breakdown, By Application
10.1.1.4 Japan Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 Japan Fire Testing Market Breakdown, By Service
10.1.1.4.2 Japan Fire Testing Market Breakdown, By Sourcing Type
10.1.1.4.3 Japan Fire Testing Market Breakdown, By Application
10.1.1.5 South Korea Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.5.1 South Korea Fire Testing Market Breakdown, By Service
10.1.1.5.2 South Korea Fire Testing Market Breakdown, By Sourcing Type
10.1.1.5.3 South Korea Fire Testing Market Breakdown, By Application
10.1.1.6 Rest of APAC Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.6.1 Rest of APAC Fire Testing Market Breakdown, By Service
10.1.1.6.2 Rest of APAC Fire Testing Market Breakdown, By Sourcing Type
10.1.1.6.3 Rest of APAC Fire Testing Market Breakdown, By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
11.4 Merger and Acquisition
12. Fire Testing Market – Company Profiles
12.1 Applus Services, SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bureau Veritas SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DEKRA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Element Materials Technology
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 International Fire Consultants Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Intertek Group plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SGS AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 TUV SUD AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 UL LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 United Technologies Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia-Pacific Fire Testing Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. APAC Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 3. APAC Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 4. APAC Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. Australia Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 6. Australia Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 7. Australia Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 8. China Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 9. China Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 10. China Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 11. India Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 12. India Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 13. India Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 14. Japan Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 15. Japan Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 16. Japan Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 17. South Korea Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 18. South Korea Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 19. South Korea Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 20. Rest of APAC Fire Testing Market Revenue and Forecast to 2027 – By Service (US$ Mn)
Table 21. Rest of APAC Fire Testing Market Revenue and Forecast to 2027 – By Sourcing Type (US$ Mn)
Table 22. Rest of APAC Fire Testing Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 23. Glossary of Terms, Fire Testing Market
LIST OF FIGURES
Figure 1. Asia-Pacific Fire Testing Market Segmentation
Figure 2. Fire Testing Market Segmentation – By Geography
Figure 3. Fire Testing Market Overview
Figure 4. China held the largest share in Asia-Pacific Fire Testing market (2018)
Figure 5. Testing service held the largest share in Asia-Pacific fire testing market (2018)
Figure 6. Asia-Pacific Fire Testing Market, Industry Landscape
Figure 7. Asia-Pacific- PEST Analysis
Figure 8. Market Ecosystem Analysis
Figure 9. Asia-Pacific Fire Testing Market Impact Analysis of Drivers and Restraints
Figure 10. Asia-Pacific Fire Testing Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Asia-Pacific Fire Testing Market Breakdown, By Service, 2018 & 2027 (%)
Figure 12. Asia-Pacific Testing Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia-Pacific Inspection Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia-Pacific Certification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Asia-Pacific Fire Testing Market Breakdown, By Sourcing Type, 2018 & 2027 (%)
Figure 16. Asia-Pacific In-house Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Asia-Pacific Outsourced Services Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Asia-Pacific Fire Testing Market Breakdown, By Application, 2018 & 2027 (%)
Figure 19. Asia-Pacific Building & Construction Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia-Pacific Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia-Pacific Industrial and Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia-Pacific Consumer Goods & Retail Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Asia-Pacific Aerospace & Defense Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. APAC Fire Testing Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 26. Australia Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 27. China Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 28. India Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Japan Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 30. South Korea Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Rest of APAC Fire Testing Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - Asia-Pacific Fire Testing Market
- Applus Services, SA
- Bureau Veritas SA
- Dekra
- Element Materials Technology
- International Fire Consultants Group
- Intertek Group plc
- SGS SA
- TUV SUD AG
- UL LLC
- United Technologies Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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