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Jan 6, 2020 7:30 PM ET

EMC Testing Market Worth $2.8 Billion by 2024




iCrowd Newswire - Jan 6, 2020

According to the new market research report “EMC Testing Market by Offering (Hardware & Software and services), End-Use Application (Consumer Appliances & Electronics, Automotive, Military & Aerospace, IT & Telecommunications, Medical, Industrial), and Geography – Global Forecast 2024”, published by MarketsandMarkets™, the EMC market is growing at a CAGR of 5.4%, from USD 2.1 billion in 2019 to USD 2.8 billion by 2024; the global market size estimation is provided from 2016 to 2024.

 

One of the primary reasons for this rise in demand is the increasing need for safety, owing to factors such as the standardization of electronic products globally, mandatory EMC testing of medical equipment, and increase in the brand proposition of the companies.

 

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EMC testing market for certification services to grow at highest CAGR in 2019

The EMC testing market for certification services is expected to grow at the highest CAGR during the forecast period. Certification services ensure product safety and performance attributes. Certification services mainly include customized audit and certification services with respect to quality, health & safety, environment, and social responsibility. These services enable clients to commit to ongoing processes aimed at improving their business performance.

 

Market for consumer appliances and electronics application to grow at highest CAGR during forecast period

The EMC testing market for consumer applications and electronics is expected to grow at the highest CAGR during the forecast period. EMC requirements for consumer appliances are a cross-reference to radio frequency requirements with embedded wireless functionality. Testing service providers offer testing services for wireless technologies such as Bluetooth, cellular, near-field communications (NFC), and Wi-Fi. Furthermore, any electronic device is an interconnection of different systems and components; therefore, the performance of the device is primarily dependent on these components.

 

Browse in-depth TOC on “EMC Testing Market

112 – Tables
55 – Figures
210 – Pages

 

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APAC to hold largest share of EMC testing market in 2019

Countries in APAC have made huge investments in renewable energy sources such as solar, wind, and nuclear, which makes APAC an important market for the EMC industry. APAC is also gearing up toward a sustainable future with renewable energy at a faster rate. Emerging policies, strategic roadmaps, expanding investments, and improving technologies are driving national governments to aim toward a fossil-free nation. Demand for energy is rising across China, India, and Indonesia due to rapid urbanization and industrialization, and considerable opportunities exist to avoid long-term lock-in with carbon-based energy technologies. Along with vast renewable energy potential, the region already possesses significant knowledge and expertise on renewables.

 

A few key players operating in the EMC testing market are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), Yokogawa Electric (Japan), Keysight Technologies (US), Rohde & Schwarz (Germany), Fortive (US), AMETEK CTS (Switzerland).

 

Please Explore Relevant Reports:

Aerospace & Life Sciences Testing, Inspection, and Certification Market by Service Type (Testing, Inspection, Certification), Sourcing Type (In-house, Outsourced), Application (Aerospace, Medical & Life Sciences), and Geography – Global Forecast to 2023

 

Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection, Textile Certification, & Toys), and Geography – Global Forecast to 2020

 

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

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Keywords:    EMC Testing Market

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