The global cable testing and certification market will reach $11.3 billion in 2018

Markets and Markets, an international market research institution, recently released a report that the global cable testing and certification market revenue is expected to reach $11.
3 billion in 2018, and by 2023, this data will increase to $14.
7 billion, with a compound annual growth rate of 5.
4%
during the period.

According to the report, the increasing demand for cables in various applications such as electronics, transportation (automotive and aerospace, rail and marine), and energy production and distribution is expected to drive the cable testing and certification market
.
"The end-user base of cable manufacturers is witnessing the highest CAGR
of the global cable testing and certification market during the forecast period.
"

The two main end-users of cable testing and certification are cable manufacturers and utility service providers
.
Cable manufacturers are the leading end-users
of cable testing and certification worldwide.
They invest in cable testing to check the quality of their products and ensure the consistency
of the quality of the cables they produce.
Therefore, cable demand for end-use industries such as E&E, transportation, energy generation, and power distribution is expected to drive the demand for cable testing and certification in this segment of cable manufacturers
.

A routine test is a set of tests performed on each batch of finished cable to determine the integrity
of the cable.
The tests under this section include conductor resistance test, high voltage test (high voltage test), insulation resistance test, copper wire shielding resistance test, partial discharge test, size test, and cable marking and measurement
.
These tests may vary depending on the cable type and are specified
in the relevant cable standard.
Due to the low cost of routine testing, it is expected to grow
at a high rate during the forecast period.

The cable testing and certification market is segmented into three voltage types based on the voltage range of the cable, namely low, medium, and high
.
High voltage cables are used in subsea, underground and overhead conditions
.
Some of the major end-users of high-voltage cables include transmission and distribution companies, offshore wind farms, and other energy industries
.
The growing demand for high-voltage cables by different end-users is expected to drive the demand for
their testing and certification.
Overall, the high-voltage cable segment is witnessing the highest CAGR
of the global cable testing and certification market during the forecast period.

Regionally, Asia Pacific is the world's largest cable testing and certification market, mainly due to rapid industrialization and urbanization, increasing demand for cables and increasing
power generation and distribution.
Increasing demand for cables in several industries including electrical and electronics, transportation, and energy utilities in Asia Pacific is expected to increase the demand
for cable testing and certification in the region.

The major players in the cable testing and certification market are DEKRA (Germany), Underwriters Laboratories (USA), UK Cable Certification Services (UK), SGS (Switzerland), BRE Global (UK), TÜV Rheinland (Germany), Bureau Veritas (France), Intertek (UK), TÜVNORDGROUP (Germany), North Central Electric (USA), RN Electronics (UK), TÜVSÜD (Germany), Eland Cables (UK), Industrial Testing (USA), Eurofins Scientific (Luxembourg), KEMA Laboratories (Norway), Applus+ (Spain), CESI (Italy), Kinectrics (Canada), Tecnalia Corporation (Spain), International Institute for Product Safety (Germany) and Central Electric Power Research Institute (India).