Cable Testing and Certification Market worth $14.7 billion by 2023

The report “Cable Testing and Certification Market by Voltage (Low Voltage, Medium Voltage and High Voltage), Test (Routine Test, Sample Test and Type Test), End-User (Cable Manufacturers and Utility Providers), and Region - Global Forecast to 2023” The cable testing and certification market is projected to reach USD 14.7 billion by 2023. The cable testing and certification market is estimated at USD 11.3 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 5.4% between 2018 and 2023. The increasing use of cables in various applications, such as electrical & electronics, transportation (automotive & aerospace, rail, and marine), and energy generation & distribution, is expected to drive the cable testing and certification market.

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• Market Size Estimation -

Both top-down and bottom-up approaches were used to estimate and validate the size of the global cable testing and certification market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

• The key players in the industry were identified through extensive secondary research.
• The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
• All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

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♦ Leading Key Players -

DEKRA (Germany), Underwriters Laboratories (US), British Approvals Service for Cables (UK), SGS (Switzerland), and BRE Global (UK) among the total 22 major players covered.

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