UL Solutions Is Well-Positioned For Energy Transition and Automation Secular Growth Themes

UL Solutions is a global leader in the testing, inspection, and certification industry. The TIC industry is highly fragmented, with thousands of smaller players operating locally or in niche fields. Additionally, some manufacturers choose to insource TIC requirements. Over time, we expect the outsourced product TIC market to grow faster than the global TIC market as companies look to outsourcing to control costs and respond quickly to new regulations.