Market Overview:
The global electrical testing services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and the need for reliable and safe electrical infrastructure. The market is segmented by type, application, and region. By type, the market is segmented into transformer testing, circuit breaker testing, protection testing, battery testing, and others. By application, the market is divided into power generation stations, transmission & distribution stations steel plants major refineries railways etc.
Product Definition:
Electrical testing services are a vital part of any electrical installation. They help to ensure that the system is safe and functioning properly. Without regular electrical testing, it is possible for problems to go undetected, which could lead to fires or other safety hazards.
Transformer Testing:
Transformer testing is a procedure carried out to examine the condition of an electrical transformer. It includes procedures for measuring short-circuit current, primary & secondary voltage measurement, insulation resistance test and leakage test. Leakage tests are used to detect small gaps or spaces in the windings of a transformer that may cause it to fail when under pressure.
Circuit Breaker Testing:
Circuit Breaker Testing is used to determine the maximum current that can flow through a circuit without any breakage or damage. It helps in testing the insulation of electrical components and also checks for short circuits. This technique is widely used by electricians, repairmen, technicians and other skilled workers for determining faults in an electrical circuit.
The CB test measures the highest load current that can be safely passed through a component before it fails or breaks down completely.
Application Insights:
The power generation stations segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for electricity across various applications including hospitals, data centers, industrial manufacturing facilities and educational institutions is anticipated to drive the product demand over the forecast period.
Transmission & distribution stations are also expected to witness considerable growth owing to increasing investments by governments in transmission & distribution infrastructure development as part of efforts toward decarbonization. Furthermore, growing penetration of smart grids that facilitate real-time monitoring and control of energy production and consumption at a regional level is further anticipated to propel industry expansion over the coming years.
Major refineries are also major consumers of electrical testing services as these facilities require periodic inspection for protection against hazards such as fire, electric shock or leakage during transportation or storage operations.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth of this region is mainly attributed to developing economies such as China, India, and Japan. In 2016, Asia Pacific accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a CAGR close to 5% during the forecast period.
The growing demand for electrical testing services in emerging countries can be attributed to various factors such as rapid urbanization along with increasing industrial & infrastructural development activities undertaken by governments across these nations. Moreover, rising investments in renewable energy sources are also likely contribute significantly towards market growth over the next eight years or so.
Growth Factors:
- Increasing demand for electrical testing services from the automotive and aerospace industries
- Growing number of electrical testing service providers
- Rising demand for advanced electrical testing services
- Increasing adoption of automated testing solutions
- Growing popularity of online training and certification programs for electrical testers
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Testing Services Market Research Report
By Type
Transformer Testing, Circuit Breaker Testing, Protection Testing, Battery Testing
By Application
Power Generation Stations, Transmission & Distribution Stations, Steel Plants, Major Refineries, Railways
By Companies
Inel, Technomark, Voltech, Inser Hitech, Powertest, Rulka, Ultra Electric, JBS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Testing Services Market Report Segments:
The global Electrical Testing Services market is segmented on the basis of:
Types
Transformer Testing, Circuit Breaker Testing, Protection Testing, Battery Testing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation Stations, Transmission & Distribution Stations, Steel Plants, Major Refineries, Railways
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Inel
- Technomark
- Voltech
- Inser Hitech
- Powertest
- Rulka
- Ultra Electric
- JBS
Highlights of The Electrical Testing Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transformer Testing
- Circuit Breaker Testing
- Protection Testing
- Battery Testing
- By Application:
- Power Generation Stations
- Transmission & Distribution Stations
- Steel Plants
- Major Refineries
- Railways
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Testing Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical testing services are a type of service that is used to test the electrical systems in an organization. Electrical testing services can be used to test the power, communications, and lighting systems in an organization.
Some of the major companies in the electrical testing services market are Inel, Technomark, Voltech, Inser Hitech, Powertest, Rulka, Ultra Electric, JBS.
The electrical testing services market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Testing Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Testing Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Testing Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Testing Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Testing Services Market Size & Forecast, 2020-2028
4.5.1 Electrical Testing Services Market Size and Y-o-Y Growth
4.5.2 Electrical Testing Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Transformer Testing
5.2.2 Circuit Breaker Testing
5.2.3 Protection Testing
5.2.4 Battery Testing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation Stations
6.2.2 Transmission & Distribution Stations
6.2.3 Steel Plants
6.2.4 Major Refineries
6.2.5 Railways
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Testing Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Testing Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Transformer Testing
9.6.2 Circuit Breaker Testing
9.6.3 Protection Testing
9.6.4 Battery Testing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation Stations
9.10.2 Transmission & Distribution Stations
9.10.3 Steel Plants
9.10.4 Major Refineries
9.10.5 Railways
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Transformer Testing
10.6.2 Circuit Breaker Testing
10.6.3 Protection Testing
10.6.4 Battery Testing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation Stations
10.10.2 Transmission & Distribution Stations
10.10.3 Steel Plants
10.10.4 Major Refineries
10.10.5 Railways
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Transformer Testing
11.6.2 Circuit Breaker Testing
11.6.3 Protection Testing
11.6.4 Battery Testing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation Stations
11.10.2 Transmission & Distribution Stations
11.10.3 Steel Plants
11.10.4 Major Refineries
11.10.5 Railways
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Transformer Testing
12.6.2 Circuit Breaker Testing
12.6.3 Protection Testing
12.6.4 Battery Testing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation Stations
12.10.2 Transmission & Distribution Stations
12.10.3 Steel Plants
12.10.4 Major Refineries
12.10.5 Railways
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Transformer Testing
13.6.2 Circuit Breaker Testing
13.6.3 Protection Testing
13.6.4 Battery Testing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation Stations
13.10.2 Transmission & Distribution Stations
13.10.3 Steel Plants
13.10.4 Major Refineries
13.10.5 Railways
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Testing Services Market: Competitive Dashboard
14.2 Global Electrical Testing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Inel
14.3.2 Technomark
14.3.3 Voltech
14.3.4 Inser Hitech
14.3.5 Powertest
14.3.6 Rulka
14.3.7 Ultra Electric
14.3.8 JBS
