North America Testing, Inspection, and Certification Market Trends, Size, Segment and Growth by Forecast to 2030
The North American testing, inspection, and certification (TIC) market was valued at US$ 81.81 billion in 2022 and is projected to reach US$ 132.81 billion by 2030 , growing at a CAGR of 6.2% from 2022 to 2030. 𝐃 𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 - https://www.businessmarketinsights.com/sample/TIPRE00006284 Environmental protection is gaining prominence in North America, driven by proactive measures from both governments and industrial stakeholders. In January 2023, the Inflation Reduction Act of 2022 came into effect in the US, introducing programs, funding, and incentives—such as the Investment Tax Credit (ITC) and Production Tax Credit (PTC) —to accelerate the transition to a clean energy economy. The Act extends the ITC of 30% and PTC of US$ 0.0275/kWh (2023 value) as long as projects meet prevailing requirements for installations over 1 MW AC . This legislative push has heightened awareness of renewable energy adoption within the industrial sector, ther...