Rise in Consumer Appliances accounted for the Growth of EMC Testing Market
EMC testing Market for consumer appliances and electronics application to grow at highest CAGR during forecast period.
- (1888PressRelease) July 14, 2021 - The electromagnetic compatibility (EMC) test measures the ability of a device to operate as intended in its shared operating environment, without affecting the ability of other equipment to function as intended. The global EMC testing market is estimated to grow from USD 2.1 billion in 2019 to USD 2.8 billion by 2024; it is expected to grow at a CAGR of 5.4% during the forecast period.
A few of the key factors driving this market are the growing standardization of goods in countries, increasing incidents of product recalls globally, the surge in global counterfeiting, the imposition of rigorous government regulations across various sectors and increasing adoption of wireless devices and mobile data traffic explosion.
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Major players in the EMC testing market have primarily adopted strategies such as product/service launches and developments to strengthen their position in the market.
Intertek announced the American Association for Laboratory Accreditation (A2LA) of its laboratory at Boxborough, Massachusetts, to test active implantable medical devices (AIMDs) to ISO 14708-1 and EN 45502-1 standards. With this, Intertek becomes the first independent laboratory in North America accredited for electrical safety and EMC testing for both implantable and non-implantable medical devices.
SGS acquired Inter-Basic Resources, Inc. (IBR) based in the US and the UK. IBR is a leading provider of state-of-the-art testing and verification services for air and fluid filtration performance across multiple industries. The acquisition helps SGS to broaden its services within non-woven materials, particularly filtration performance.
Intertek deals with testing, inspecting, and certifying products and services offered by total quality assurance service providers across industries worldwide. Through its global network of state-of-the-art facilities and industry-leading technical expertise, Intertek provides innovative assurance and TIC services to customers. The company operates in a decentralized organizational model with common core operating principles and practices leveraging the potential of its workforce. It follows the differentiated growth strategy, which aims to take the company toward high growth and high margin in EMC testing. The company provides a systemic approach to supporting its customers’ Quality Assurance efforts in each of the areas of their operations, including R&D, components suppliers, manufacturing, distribution and retail channels, transportation, and consumer management.
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Fortive, based out of Washington, has businesses in growth strategies, strategic segments, and business directories. The company is into professional instrumentation, which caters to field solutions, product realization and sensing technologies, and industrial technologies that cater to transportation technologies, automation & specialty, and franchise distribution. Tektronix and Fluke are fully owned companies of Fortive, which controls the operations of the segments.
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