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Global Electrical Testing Services Market: Need for Protection Testing in Relays and Meter Boards Prominently Provide Traction to Protection Testing Services: Analysis, 2013 - 2017 and Opportunity Assessment 2018 - 2028

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from $5,000 333 Pages Future Market Insights May, 2018 FMARI15770043
Lowest Prices Guaranteed
Price from $5,000
Length 333 Pages
Publisher Future Market Insights
Published Date May, 2018
SKU FMARI15770043

Global Electrical Testing Services Market: Need for Protection Testing in Relays and Meter Boards Prominently Provide Traction to Protection Testing Services: Analysis, 2013 - 2017 and Opportunity Assessment 2018 - 2028

Transformer safety to continue witnessing high adoption rate, while protection testing to exhibit higher opportunities in the future

Electrical testing market includes the services that are used to test or inspect the operating standards of a plant. FMI’s study on electrical testing services includes only the post-commissioning services. These service types are transformer testing, circuit breaker testing, protection testing and battery testing. According to the final outcome of the market research based on these services, transformer testing covers the highest market share of over US$ 3,200 Mn by the end of 2028. Although, the protection testing service is also in strong competition with the transformer testing segment and is expected to grow at higher growth rate of over 7.3% CAGR during the forecast period. It has emerged as one highly opportunistic segment in the global electrical testing services market within the years coming ahead, while the transformer testing segment will continue to witness high adoption rate across the regions.

Personnel safety stands out to be the foremost factor that maintains the prevalence of electrical testing market

Unchecked electrical equipment has a greater probability of causing dangerous situations such as current leakage, short circuiting, faults in wiring, leakage of lubricants, and equipment par corrosion. Significant number of deaths in industries are caused by faulty electrical equipment such as transformers and rectifiers. These faulty equipment pose the hazard of causing both electrocution as well as generation & propagation of fire. Growing dependency of large institutes such as power generation plants, manufacturing industries, and oil refineries on testing of the electrical equipment will continue to boost the electrical testing services market. Some other advantages, including improved life of the equipment.

Increase in In-house Capabilities and High Cost of Testing to Hamper the Growth of Global Market

Companies are urging to shift the trend from outsourcing the testing services to in-house testing department. Despite incurring higher initial costs for clients, this trend is beneficial due to the instant availability of testing equipment and personnel. As a result, it could increase the frequency of tests without additional price charges, and thereby accelerate the growth of the market for electrical testing services across the globe.

Electrical testing equipment to monitor the functioning of transformers and circuit breakers, etc. are costly devices owing to the extreme nature of the equipment it performs tests on. These testing devices have to endure high voltages, current fluctuations, and other critical criteria without compromising testing performance and are therefore built with sturdy materials and calibrated precisely leading to an increase in its selling price. The factors are responsible for creating a hurdle in the growth of global electrical testing services market.


1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Electrical Testing Hierarchy
2.2. Market Taxonomy
2.3. Market Definition
2.4. India Electrical Testing Services Market: Testing Services Outsourced, In-House and Frequency
2.5. List of Equipment Used For Transformers Testing
2.6. List of Circuit Breaker Electrical Testing Equipment
2.7. Protective Relay Testing and Battery Testing Equipment
3. Market Viewpoint
3.1. Porter’s Analysis
3.2. Macro-Economic Factors
3.3. Forecast Factors – Relevance & Impact
3.4. Value Chain
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunity
3.5.4. Trends
3.6. Patent Analysis
4. Market Forecast
4.1. Pricing Analysis
4.2. Market Size Projections
4.2.1. Y-o-Y Projections
4.2.2. Absolute $ Opportunity Analysis
5. Global Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028, By Service Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Service Type
5.1.2. Y-o-Y Growth Analysis By Service Type
5.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Service Type, 2013–2017
5.3. Current Market Size (US$ Mn) and Volume Forecast By Service Type, 2018–2028
5.3.1. Transformer testing
5.3.2. Circuit Breaker testing
5.3.3. Protection Testing
5.3.4. Battery testing
5.4. Market Attractiveness Analysis By Service Type
6. Global Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028, By End User
6.1. Introduction
6.1.1. Market Value Share Analysis By End User
6.1.2. Y-o-Y Growth Analysis By End User
6.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By End User, 2013–2017
6.3. Current Market Size (US$ Mn) and Volume Forecast By End User, 2018–2028
6.3.1. Power Generation Stations
6.3.2. Transmission and Distribution
6.3.3. Steel Plants
6.3.4. Major Refineries
6.3.5. Railways
6.4. Market Attractiveness Analysis By End User
7. Global Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028 By Region
7.1. Introduction
7.1.1. Market Value Share Analysis By Region
7.1.2. Y-o-Y Growth Analysis By Region
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2013 – 2017
7.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2018 - 2028
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South East Asia & Pacific
7.3.6. China
7.3.7. India
7.3.8. Japan
7.3.9. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
8.1. Introduction
8.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
8.3. Market Size and Volume Forecast By Market Segments, 2018–2028
8.3.1. By Country
8.3.1.1. U.S.
8.3.1.2. Canada
8.3.2. By Service Type
8.3.3. By End User
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Service Type
8.4.3. By End User
8.5. Key Market Participants – Intensity Mapping
9. Latin America Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
9.1. Introduction
9.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
9.3. Market Size and Volume Forecast By Market Segments, 2018–2028
9.3.1. By Country
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. By Service Type
9.3.3. By End User
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Service Type
9.4.3. By End User
9.5. Key Market Participants – Intensity Mapping
10. Western Europe Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
10.1. Introduction
10.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
10.3. Market Size and Volume Forecast By Market Segments, 2018–2028
10.3.1. By Country
10.3.1.1. Germany
10.3.1.2. Italy
10.3.1.3. France
10.3.1.4. U.K.
10.3.1.5. Spain
10.3.1.6. BENELUX
10.3.1.7. Rest of Western Europe
10.3.2. By Service Type
10.3.3. By End User
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Service Type
10.4.3. By End User
10.5. Key Market Participants – Intensity Mapping
11. Eastern Europe Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
11.1. Introduction
11.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
11.3. Market Size and Volume Forecast By Market Segments, 2018–2028
11.3.1. By Country
11.3.1.1. Russia
11.3.1.2. Poland
11.3.1.3. Rest of Eastern Europe
11.3.2. By Service Type
11.3.3. By End User
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Service Type
11.4.3. By End User
11.5. Key Market Participants – Intensity Mapping
12. South East Asia & Pacific Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
12.1. Introduction
12.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
12.3. Market Size and Volume Forecast By Market Segments, 2018–2028
12.3.1. By Country
12.3.1.1. Indonesia
12.3.1.2. Philippines
12.3.1.3. Thailand
12.3.1.4. Malaysia
12.3.1.5. Oceania
12.3.1.6. Rest of SEA & Pacific
12.3.2. By Service Type
12.3.3. By End User
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Service Type
12.4.3. By End User
12.5. Key Market Participants – Intensity Mapping
13. China Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
13.1. Introduction
13.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
13.3. Market Size and Volume Forecast By Market Segments, 2018–2028
13.3.1. By Service Type
13.3.2. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Service Type
13.4.2. By End User
13.5. Key Market Participants – Intensity Mapping
14. Japan Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
14.1. Introduction
14.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
14.3. Market Size and Volume Forecast By Market Segments, 2018–2028
14.3.1. By Service Type
14.3.2. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Service Type
14.4.2. By End User
14.5. Key Market Participants – Intensity Mapping
15. India Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
15.1. Introduction
15.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
15.3. Market Size and Volume Forecast By Market Segments, 2018–2028
15.3.1. By Service Type
15.3.2. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Service Type
15.4.2. By End User
15.5. Key Market Participants – Intensity Mapping
16. Middle East and Africa (MEA) Electrical Testing Services Market Analysis 2013–2017 and Forecast 2018–2028
16.1. Introduction
16.2. Historical Market Size and Volume Analysis By Market Segments, 2013–2017
16.3. Market Size and Volume Forecast By Market Segments, 2018–2028
16.3.1. By Country
16.3.1.1. GCC Countries
16.3.1.2. Turkey
16.3.1.3. South Africa
16.3.1.4. Rest of MEA
16.3.2. By Service Type
16.3.3. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Service Type
16.4.3. By End User
16.5. Key Market Participants – Intensity Mapping
17. Market Structure Analysis
17.1. Prominent Factors Affecting the Market Competition
17.2. Key Trends Affecting The Suppliers and Service Providers
17.3. Global Electrical Testing Services Market Concentration By Tier Level
17.4. Global Electrical Testing Services: Tier Structure Analysis By Region
18. Competition Landscape
18.1. Competition Dashboard
18.2. Competition Deep Dive (15 Companies)
18.2.1. Voltech Group
18.2.1.1. Overview
18.2.1.2. Product Portfolio
18.2.1.3. Profitability by Segments
18.2.1.4. Production Footprint
18.2.1.5. Sales Footprint
18.2.1.6. Channel Footprint
18.2.1.7. Competition Benchmarking
18.2.1.8. Strategy
18.2.1.8.1. Marketing Strategy
18.2.1.8.2. Product Strategy
18.2.1.8.3. Channel Strategy
18.2.2. ABB Inc.
18.2.3. Applus Services SA
18.2.4. DNV GL SA
18.2.5. Doble Engineering Company
18.2.6. Eaton Corporation plc
18.2.7. General Electric Company
18.2.8. Quanta Services, Inc.
18.2.9. RESA Power, LLC
18.2.10. SD Myers LLC
18.2.11. Siemens AG
18.2.12. Vertiv Co.
18.2.13. TÜV SÜD Group
18.2.14. Inel Power System Engineers Pvt. Ltd.
18.2.15. Hydro Tasmania Group
19. Strategic Recommendations
20. Assumptions and Acronyms Used
21. Research Methodology

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