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Electrical Testing Services Market - Global Industry Analysis

Electrical Testing Services Market - by Service Type (Circuit Breaker Testing, Transformer Testing, Battery Testing, and Protection Testing), and End User (Transmission And Distribution Stations, Power Generation Stations, Major Refineries, Steel Plants, and Railways): Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026

Published Date: 29-Sep-2020 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-3518 Status : Published

According to the report published by Zion Market Research, global Electrical Testing Services market was valued at approximately USD 4,340 Million in 2019, and is expected to generate revenue of around USD 6,920 Million by end of 2026, growing at a CAGR of around 6.7% between 2020 and 2026

Description

According to the report published by Zion Market Research, global Electrical Testing Services market was valued at approximately USD 4,340 Million in 2019, and is expected to generate revenue of around USD 6,920 Million by end of 2026, growing at a CAGR of around 6.7% between 2020 and 2026.

Global Electrical Testing Services Market: Overview

Electrical testing services are electrical assessments involving a systematic scrutiny, inspection, and diagnosis of significant heavy duty electrical devices for checking working longevity and performance. Some heavy duty electrical devices include transformers, circuit breaking, rectifiers, transmission lines, electrical cables, and batteries, among others. The demand of the global electrical testing services market is attributed to the various large institutes’ dependency on these services for maintaining their electrical equipment.

Global Electrical Testing Services Market: Growth Factors

The major growth driver in the electrical testing services market include rising electrification of railway lines, improved steel production, and orderly testing of electrical equipment for controlling breakdowns. Electrical testing services also help in preventing short-circuiting, leakage of lubricants, equipment par corrosion, and faults in wiring. This is also driving the expansion of the electrical testing services market on a global scale. Various end-users, such as manufacturing industries, power generation plants, etc., are increasingly depending on testing their electrical equipment, which, in turn, is fuelling the development of the electrical testing services market.

High prices of testing devices, the need for qualified personnel, and an increase in the in-house abilities might act as restraining factors for the electrical testing services market on a global scale.

Global Electrical Testing Services Market: Segmentation

The global electrical testing services market is classified on the basis of service type and end-users. By product type, the global electrical testing services market is fragmented into circuit breaker testing, transformer testing, battery testing, and protection testing. The transformer segment is projected to hold a substantial market share in the upcoming years, owing to growing acceptance related to outsource services during Site Acceptance Testing. By end-users, the global electrical testing services market includes transmission and distribution stations, power generation stations, major refineries, steel plants, and railways. Railway network’s rising electrification is projected to contribute toward the railways segment market dominance in the future.

Global Electrical Testing Services Market: Regional Analysis

Based on regions, the global market for electrical testing services can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region is anticipated to witness significant growth in the upcoming years. This is due to the electrification efforts made by the emerging economies, such as India and China. India is likely to be the third largest manufacturer of steel in the world in terms of volume and is projected to show immense development in the near future. As steel is generally generated in Electric Arc Reactors by utilizing electricity, expansion in steel manufacturing plants for augmented utilization of electrical devices, which will certainly contribute toward the development of the global electrical testing services market in this region. The North American and European markets for electrical testing services are projected to register substantial growth in the estimated timeframe. This is due to the increasing depending of various end-user industries on testing their electrical equipment, which, in turn, is fuelling the development of the electrical testing services market.

Global Electrical Testing Services Market: Competitive Players

Some of the key players in the global electrical testing services are Technomark Engineers India, Inel Power System Engineers, InserHitech Engineers, Voltech Group, Rulka Electricals, Powertest Asia, JBS Enterprises, and Ultra Electric Company India, among others.

Electrical Testing Services Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Electrical Testing Services Market, 2016 – 2026 (USD Million)
    • 3.2.Global Electrical Testing Services Market: Snapshot
  • Chapter 4.Electrical Testing Services Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Electrical Testing Services
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Electrical Testing Services Market Attractiveness, By Service Type
    • 5.2.Global Electrical Testing Services Market Attractiveness, By End User
    • 5.3.Global Electrical Testing Services Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Electrical Testing Services Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Electrical Testing Services Market Overview: by Service Type
      • 7.1.1.Global Electrical Testing Services Market Revenue Share, by Service Type, 2019 & 2026
    • 7.2.Global Electrical Testing Services Market Analysis/Overview – By Service Type
      • 7.2.1.Circuit Breaker Testing – Overview/Analysis
      • 7.2.2.Transformer Testing – Overview/Analysis
      • 7.2.3.Battery Testing – Overview/Analysis
      • 7.2.4.Protection Testing – Overview/Analysis
    • 7.3.Circuit Breaker Testing
      • 7.3.1.Global Electrical Testing Services Market for Circuit Breaker Testing, Revenue (USD Million) 2016 - 2026
    • 7.4.Transformer Testing
      • 7.4.1.Global Electrical Testing Services Market for Transformer Testing, Revenue (USD Million) 2016 - 2026
    • 7.5.Battery Testing
      • 7.5.1.Global Electrical Testing Services Market for Battery Testing, Revenue (USD Million) 2016 - 2026
    • 7.6.Protection Testing
      • 7.6.1.Global Electrical Testing Services Market for Protection Testing, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Electrical Testing Services Market Overview: by End User
      • 8.1.1.Global Electrical Testing Services Market Revenue Share, by End User, 2019 & 2026
    • 8.2.Global Electrical Testing Services Market Analysis/Overview – By End User
      • 8.2.1.Transmission And Distribution Stations – Overview/Analysis
      • 8.2.2.Power Generation Stations – Overview/Analysis
      • 8.2.3.Major Refineries – Overview/Analysis
      • 8.2.4.Steel Plants – Overview/Analysis
      • 8.2.5.Railways – Overview/Analysis
    • 8.3.Transmission And Distribution Stations
      • 8.3.1.Global Electrical Testing Services Market for Transmission And Distribution Stations, Revenue (USD Million) 2016 - 2026
    • 8.4.Power Generation Stations
      • 8.4.1.Global Electrical Testing Services Market for Power Generation Stations, Revenue (USD Million) 2016 - 2026
    • 8.5.Major Refineries
      • 8.5.1.Global Electrical Testing Services Market for Major Refineries, Revenue (USD Million) 2016 - 2026
    • 8.6.Steel Plants
      • 8.6.1.Global Electrical Testing Services Market for Steel Plants, Revenue (USD Million) 2016 - 2026
    • 8.7.Railways
      • 8.7.1.Global Electrical Testing Services Market for Railways , Revenue (USD Million) 2016 - 2026
  • Chapter 9.Electrical Testing Services Market – Regional Analysis
    • 9.1.Global Electrical Testing Services Market: Regional Overview
      • 9.1.1.Global Electrical Testing Services Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Electrical Testing Services Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 9.2.North America
      • 9.2.1.North America Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.2.2.North America Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.2.3.North America Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026
      • 9.2.4.North America Electrical Testing Services Market Revenue, by End User, 2016 – 2026
      • 9.2.5. U.S.
      • 9.2.6.Canada
    • 9.3.Europe
      • 9.3.1.Europe Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.3.2.Europe Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.3.3.Europe Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026
      • 9.3.4.Europe Electrical Testing Services Market Revenue, by End User, 2016 – 2026
      • 9.3.5.Germany
      • 9.3.6.France
      • 9.3.7. U.K.
      • 9.3.8.Italy
      • 9.3.9.Spain
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.4.2.Asia Pacific Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.4.3.Asia Pacific Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026
      • 9.4.4.Asia Pacific Electrical Testing Services Market Revenue, by End User, 2016 – 2026
      • 9.4.5.China
      • 9.4.6.Japan
      • 9.4.7.India
      • 9.4.8.South Korea
      • 9.4.9.South-East Asia
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.5.2.Latin America Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.5.3.Latin America Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026
      • 9.5.4.Latin America Electrical Testing Services Market Revenue, by End User, 2016 – 2026
      • 9.5.5.Brazil
      • 9.5.6.Mexico
      • 9.5.7.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.6.2.The Middle-East and Africa Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.6.3.The Middle-East and Africa Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Electrical Testing Services Market Revenue, by End User, 2016 – 2026
      • 9.6.5.GCC Countries
      • 9.6.6.South Africa
      • 9.6.7.Rest of Middle-East Africa
  • Chapter 10.Company Profiles
    • 10.1.Technomark Engineers India
      • 10.1.1.Company Overview
      • 10.1.2.Financial Overview
      • 10.1.3.Product Portfolio
      • 10.1.4.Business Strategy
      • 10.1.5.Recent Developments
    • 10.2.Inel Power System Engineers
    • 10.3.InserHitech Engineers
    • 10.4.Vultech Group
    • 10.5.Rulka Electricals
    • 10.6.Powertest Asia
    • 10.7.JBS Enterprises
    • 10.8.Ultra Electric Company India

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Electrical Testing Services Market
FIG. 6 Global Electrical Testing Services Market Attractiveness, By Service Type
FIG. 7 Global Electrical Testing Services Market Attractiveness, By End User
FIG. 8 Global Electrical Testing Services Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Electrical Testing Services Market Revenue Share, by Service Type, 2019 & 2026
FIG. 11 Global Electrical Testing Services Market for Circuit Breaker Testing, Revenue (USD Million) 2016 - 2026
FIG. 12 Global Electrical Testing Services Market for Transformer Testing, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Electrical Testing Services Market for Battery Testing, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Electrical Testing Services Market for Protection Testing, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Electrical Testing Services Market Revenue Share, by End User, 2019 & 2026
FIG. 16 Global Electrical Testing Services Market for Transmission And Distribution Stations, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Electrical Testing Services Market for Power Generation Stations, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Electrical Testing Services Market for Major Refineries, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Electrical Testing Services Market for Steel Plants, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Electrical Testing Services Market for Railways , Revenue (USD Million) 2016 - 2026
FIG. 21 Global Electrical Testing Services Market Revenue Share, by Region, 2019 & 2026
FIG. 22 North America Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 23 Europe Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 24 Asia Pacific Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Latin America Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 The Middle-East and Africa Electrical Testing Services Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 Technomark Engineers India Business Segment Revenue Share, 2018 (%)
FIG. 28 Technomark Engineers India Geographical Segment Revenue Share, 2018 (%)
 


List of Tables

TABLE 1 Global Electrical Testing Services Market: Snapshot
TABLE 2 Drivers of the Electrical Testing Services Market: Impact Analysis
TABLE 3 Restraints for the Electrical Testing Services Market: Impact Analysis
TABLE 4 Global Electrical Testing Services Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026 (USD Million)
TABLE 7 North America Electrical Testing Services Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 8 Europe Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 9 Europe Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026 (USD Million)
TABLE 10 Europe Electrical Testing Services Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 11 Asia Pacific Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 12 Asia Pacific Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Electrical Testing Services Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 14 Latin America Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 15 Latin America Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026 (USD Million)
TABLE 16 Latin America Electrical Testing Services Market Revenue, by End User, 2016 – 2026 (USD Million)
TABLE 17 The Middle-East and Africa Electrical Testing Services Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 The Middle-East and Africa Electrical Testing Services Market Revenue, by Service Type, 2016 – 2026 (USD Million)
TABLE 19 The Middle-East and Africa Electrical Testing Services Market Revenue, by End User, 2016 – 2026 (USD Million)

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FrequentlyAsked Questions

Ongoing electrification in various sectors such as railway lines, manufacturing plants, power generation plants, etc. and expansion of electric lines in developing countries has driven the electric line testing. These factors have been primary growth driving factors for the global electrical testing services market.

According to the report published by Zion Market Research, global electrical testing services market was valued at approximately USD 4,340 Million in 2019, and is expected to generate revenue of around USD 6,920 Million by end of 2026, growing at a CAGR of around 6.7% between 2020 and 2026.

The Asia Pacific Electrical Testing Services market is projected to hold the largest share globally in the future. Industrialization and growing electrification of manufacturing plants and existing electric line infrastructure has been driving the growth in the market.

Some main participants of the Electrical Testing Services market are Technomark Engineers India, Inel Power System Engineers, InserHitech Engineers, Voltech Group, Rulka Electricals, Powertest Asia, JBS Enterprises, and Ultra Electric Company India, among others.

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