Global TIC Market for Water Industry – Analysis and Forecast (2025-2030)


Posted January 26, 2025 by researchindustry79

The TIC market for water industry is segmented by sourcing type, service type, industry vertical, and region.

 
The global TIC market for water industry is expected to grow at a CAGR of 7% during the forecast period of 2025-2030. This growth is being driven by a number of factors, including the increasing demand for safe and clean water, the growing need for compliance with water quality regulations, and the increasing adoption of digital technologies in the water industry.

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The TIC market for water industry is segmented by sourcing type, service type, industry vertical, and region. The sourcing type segment is further segmented into in-house and outsourced. The service type segment is further segmented into testing, inspection, and certification. The industry vertical segment is further segmented into municipal water, industrial water, desalination, sanitation, and others. The region segment is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is expected to be the leading market for TIC for water industry during the forecast period. This is due to the increasing demand for safe and clean water in the region, the stringent water quality regulations, and the growing adoption of digital technologies in the water industry.

Asia Pacific is expected to be the fastest-growing market for TIC for water industry during the forecast period. This is due to the growing population and urbanization in the region, the increasing demand for industrial water, and the rising awareness about water quality.

The key players operating in the global TIC market for water industry include Bureau Veritas, SGS, Intertek Group, ALS Limited, TUV SUD, DNV GL, Lloyd's Register, NSF International, Eurofins Scientific, and AsureQuality. These players are focusing on expanding their geographical presence, developing new products and services, and partnering with other players to strengthen their position in the market.

The global TIC market for water industry is a highly competitive market. The key players are competing on the basis of factors such as product portfolio, geographical presence, and customer base. The market is expected to witness new product launches, partnerships, and collaborations among the key players during the forecast period.

The global TIC market for water industry is a promising market with a lot of growth potential. The key players are well-positioned to capitalize on the growth opportunities in the market.

Here are some of the key benefits of using TIC services in the water industry:
Ensuring the safety and quality of water: TIC services can help to ensure that water is safe and meets all applicable standards.

Compliance with regulations: TIC services can help to ensure that water companies are in compliance with all applicable regulations.
Improved efficiency: TIC services can help to improve the efficiency of water treatment plants and other water systems.
Reduced risk: TIC services can help to reduce the risk of water-borne illnesses and other problems.
If you are a water company, you should consider using TIC services to help you ensure the safety and quality of your water. TIC services can help you to comply with regulations, improve efficiency, and reduce risk.
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Issued By VynZ Research
Country United States
Categories Business , Industry
Tags tic market for water industry , tic market for water industry report
Last Updated January 26, 2025