Market revenue in 2024 | USD 5,053.3 million |
Market revenue in 2030 | USD 5,976.5 million |
Growth rate | 2.7% (CAGR from 2025 to 2030) |
Largest segment | Testing |
Fastest growing segment | Certification |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Testing, Inspection, Certification |
Key market players worldwide | ALS Ltd, Applus Services SA, Bureau Veritas SA, DEKRA Certification, Element Materials Technology, Eurofins Scientific SE, Intertek Group PLC, MISTRAS Group Inc, SGS AG |
Testing was the largest segment with a revenue share of 79.34% in 2024. Horizon Databook has segmented the Russia testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
Russia's economy relies heavily on industries such as oil & gas, mining, metallurgy, and manufacturing. These sectors require stringent testing and inspection to ensure compliance with operational safety and performance standards.
Russian authorities mandate rigorous standards for health, safety, and environmental compliance in various sectors such as oil & gas, food, and pharmaceuticals. Russia's position as a major exporter of oil, gas, and other raw materials necessitates compliance with international standards for market access.
Moreover, western sanctions have led to increased focus on local production and ensuring the quality of domestically produced goods, driving demand for TIC services to certify competitiveness. The Russian government has initiated large-scale infrastructure projects, including railways, highways, and urban development programs.
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