The Europe Fire Protection System Testing, Inspection, and Certification (TIC) Market would witness market growth of 3.6% CAGR during the forecast period (2023-2030).
Fire protection system testing, inspection, and certification services find applications across a wide range of industries and sectors. Office buildings, shopping malls, hotels, and restaurants rely on TIC services to ensure the functionality of fire alarms, sprinklers, and suppression systems to protect occupants and assets. Manufacturing plants, warehouses, and factories use TIC services to maintain the integrity of fire protection systems, minimizing the risk of production disruptions and safeguarding personnel. Homeowners and property managers engage in TIC services to secure residential properties against fire hazards, providing peace of mind to residents. Hospitals and healthcare facilities depend on TIC services to ensure the operational readiness of fire safety systems, which is critical for patient and staff safety.
Moreover, airports, train stations, and public transportation hubs employ TIC services to protect travelers, staff, and infrastructure against fire incidents. Power plants, oil refineries, and utility substations require TIC services to prevent fire-related accidents that could result in environmental disasters and financial losses. Data centers' sensitive and valuable equipment necessitates rigorous fire protection measures verified through TIC services to prevent data loss and service interruptions.
Countries in the European Union (EU) have set ambitious renewable energy targets to reduce greenhouse gas emissions and combat climate change. Wind and solar power have seen remarkable growth, with offshore wind farms in the North and Baltic Seas and extensive solar installations in southern Europe. European countries are committed to transitioning to a low-carbon and decarbonized energy system. In order to make this shift, it is necessary to gradually phase out coal-fired power plants, reduce emissions, and employ more clean energy sources. An EU effort called the European Green Deal seeks to make Europe the first climate-neutral continent by the year 2050. As a result, these factors will boost the Europe’ demand in the market.
The Germany market dominated the Europe Fire Protection System Testing, Inspection, and Certification (TIC) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $44,132.2 Thousands by 2030. The UK market is exhibiting a CAGR of 2.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.3% during (2023 - 2030).
Based on Application, the market is segmented into Industrial & Manufacturing, Supply Chain & Logistics, Mining, Energy & Power, Data Centre, Medical & Healthcare, Construction & Infrastructure, Agriculture & Food, Petroleum, Oil & Gas, and Others. Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on System Type, the market is segmented into Fire Detection System, Sprinkler System, Fire Alarm Devices, Card Access Systems, Fire Suppression System, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fire Protection System Testing, Inspection, and Certification (TIC) Market will Hit $687.5 Million by 2030, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SGS S.A., Bureau Veritas S.A., TUV SUD, TÜV Rheinland AG, Intertek Group PLC, Eurofins Scientific SE, Applus+ Group, TÜV Nord Group, Kiwa NV (SHV Holdings N.V.), and UL LLC.
By Application
By Service Type
By System Type
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
