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Electrical Testing Services Market By Service (Transformer Testing, Circuit Breaker Testing, Protection Testing, Battery Testing), By End-User (Power Generation Stations, Transmission And Distribution, Steel Plants, Major Refineries, Railways, Others) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

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Market Inshights

Rising electrification and better safety standards are driving up demand for electrical testing services

Globally, the electrical testing services market is expected to grow at a 7.3% CAGR from 2019 to 2027, reaching a market value of approximately US$ 7.65 billion in 2027.Electrical testing services are an electrical assessment that includes inspection, systematic scrutiny, and diagnosis of important heavy-duty electrical devices. These services are critical for ensuring the functionality, performance, and longevity of the systems.These services enable the manufacturing units to run their processes by reducing downtime and work, which results in cost savings and a healthy work environment.

Various factors that are increasing the demand for these services include the increasing demand for safety in plants and manufacturing units, the reduction of downtime, and others. As there is development in the industrial sector, the number of cases due to electrocution and related fires has increased. To maintain the systems and avoid any such issues, various manufacturing plants, power generation organizations, oil refineries, and other industries drive the demand for electrical testing services. However, high initial investment and a lack of financial support in small and emerging sectors are expected to hinder market growth during the forecast period.

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Electrical Testing Services with Transmission and Distribution and its End-Use Segment Continue Dominating the Market

In 2018, the transmission and distribution segment led the overall electrical testing services market by contributing over 35% of the total revenue generated globally. With the increasing demand for reliable electricity and power among end users such as manufacturing industries, IT and telecom hubs, individuals, and others, there is a requirement for the transmission and distribution of the power from the place of generation to the end user. To maintain the functionality of the work, electric testing services are required the most.

North America Dominates the Market by Region

The global electrical testing services market is led by North America due to the presence of various heavy metal industries and the electric component manufacturing industry present in the region and is expected to grow with a CAGR of 6.7% during the forecast period. Furthermore, government investments in public transportation, including railways, are driving the market in the region.Additionally, there are various power plants that require regular electrical testing and maintenance services, which also contributes to the growth of the market.

Some of the prominent players operating in the electrical testing services market include Voltech Group, ABB Inc., Quanta Services, Inc., RESA Power, LLC, SD Myers LLC, Siemens AG, Vertiv Co., TÜV SÜD Group, Inel Power System Engineers Pvt. Ltd., Applus Services SA, DNV GL SA, Doble Engineering Company, Eaton Corporation plc, General Electric Company, and Hydro Tasmania Group.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The electrical testing services market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global electrical testing services market based on service, end-use, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of electrical testing services in 2018 and the forecast up to 2027?
  • Which is the largest regional market for transmission and distribution in end-use?
  • What are the major trends followed in the electrical testing services market across different regions?
  • Who are the key electrical testing service companies leading the market?
  • What are the key strategies adopted by the leading electrical testing service companies in the market?

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This report’s distinct data points

  • Statistics on electrical testing service penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of electrical testing services
  • Notable developments are going on in the electrical testing services market.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global ETS
2.2 Global ETS Market,By Service
2.3 Global ETS Market, By End-User
2.4 Global ETS Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global ETS Market Revenue and Growth, 2018 – 2027, (US$ Mn) (%)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Electrical Testing Services (ETS) Market Analysis, by Service
4.1 Overview
4.2 Transformer Testing
4.3 Circuit Breaker Testing
4.4 Protection Testing
4.5 Battery Testing

Chapter 5 Global Electrical Testing Services (ETS) Market Analysis, By End-User
5.1 Overview
5.2 Power Generation Stations
5.3 Transmission and Distribution
5.4 Steel Plants
5.5 Major Refineries
5.6 Railways
5.7 Others

Chapter 6 North America Electrical Testing Services (ETS) Market Analysis
6.1 Overview
6.2 North America ETS Market Analysis, By Service, 2018 – 2027
6.2.1 Comparative Analysis
6.3 North America ETS Market Analysis, By End-User, 2018 – 2027
6.3.1 Comparative Analysis
6.4 North America ETS Market Analysis, By Region, 2018 – 2027
6.4.1 U.S.
6.4.1.1 U.S. ETS Market Analysis, By Service, 2018 – 2027
6.4.1.2 U.S. ETS Market Analysis, By End-User, 2018 – 2027
6.4.2 Canada
6.4.2.1 Canada ETS Market Analysis, By Service, 2018 – 2027
6.4.2.2 Canada ETS Market Analysis, By End-User, 2018 – 2027

Chapter 7 Europe Electrical Testing Services (ETS) Market Analysis
7.1 Overview
7.2 Europe ETS Market Analysis, By Service, 2018 – 2027
7.2.1 Comparative Analysis
7.3 Europe ETS Market Analysis, By End-User, 2018 – 2027
7.3.1 Comparative Analysis
7.4 Europe ETS Market Revenue, By Region, 2018 – 2027
7.4.1 U.K.
7.4.1.1 U.K. ETS Market Analysis, By Service, 2018 – 2027
7.4.1.2 U.K. ETS Market Analysis, By End-User, 2018 – 2027
7.4.2 Germany
7.4.2.1 Germany ETS Market Analysis, By Service, 2018 – 2027
7.4.2.2 Germany ETS Market Analysis, By End-User, 2018 – 2027
7.4.3 France
7.4.3.1 France ETS Market Analysis, By Service, 2018 – 2027
7.4.3.2 France ETS Market Analysis, By End-User, 2018 – 2027
7.4.4 Rest of Europe
7.4.4.1 Rest of Europe ETS Market Analysis, By Service, 2018 – 2027
7.4.4.2 Rest of Europe ETS Market Analysis, By End-User, 2018 – 2027

Chapter 8 Asia Pacific Electrical Testing Services (ETS) Market Analysis
8.1 Overview
8.2 Asia Pacific ETS Market Analysis, By Service, 2018 – 2027
8.2.1 Comparative Analysis
8.3 Asia Pacific ETS Market Analysis, By End-User, 2018 – 2027
8.3.1 Comparative Analysis
8.4 Asia Pacific ETS Market Revenue, By Region, 2018 – 2027
8.4.1 China
8.4.1.1 China ETS Market Analysis, By Service, 2018 – 2027
8.4.1.2 China ETS Market Analysis, By End-User, 2018 – 2027
8.4.2 Japan
8.4.2.1 Japan ETS Market Analysis, By Service, 2018 – 2027
8.4.2.2 Japan ETS Market Analysis, By End-User, 2018 – 2027
8.4.3 Rest of Asia Pacific
8.4.3.1 Rest of Asia Pacific ETS Market Analysis, By Service, 2018 – 2027
8.4.3.2 Rest of Asia Pacific ETS Market Analysis, By End-User, 2018 – 2027

Chapter 9 Rest of the World (RoW) Electrical Testing Services (ETS) Market Analysis
9.1 Overview
9.2 RoW ETS Market Analysis, By Service, 2018 – 2027
9.2.1 Comparative Analysis
9.3 RoW ETS Market Analysis, By End-User, 2018 – 2027
9.3.1 Comparative Analysis
9.4 RoW ETS Market Revenue, By Region, 2018 – 2027
9.4.1 Middle East & Africa (MEA)
9.4.1.1 MEA ETS Market Analysis, By Service, 2018 – 2027
9.4.1.2 MEA ETS Market Analysis, By End-User, 2018 – 2027
9.4.2 Latin America
9.4.2.1 Latin America ETS Market Analysis, By Service, 2018 – 2027
9.4.2.2 Latin America ETS Market Analysis, By End-User, 2018 – 2027

Chapter 10 Company Profiles
10.1 Voltech Group
10.2 ABB Inc.
10.3 Applus Services SA
10.4 DNV GL SA
10.5 Doble Engineering Company
10.6 Eaton Corporation plc
10.7 General Electric Company
10.8 Quanta Services, Inc.
10.9 RESA Power, LLC
10.10 SD Myers LLC
10.11 Siemens AG
10.12 Hydro Tasmania Group
10.13 Inel Power System Engineers Pvt. Ltd.
10.14 TÜV SÜD Group
10.15 Vertiv Co.

List of Figures

FIG. 1 Global Electrical Testing Services (ETS): Market Segmentation
FIG. 2 Global ETS: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global ETS Market, By Service, 2018 (US$ Mn)
FIG. 5 Global ETS Market, By End-User, 2018 (US$ Mn)
FIG. 6 Global ETS Market, By Geography, 2018 (US$ Mn)
FIG. 7 Global ETS Market Revenue and Growth, 2018 – 2027, (US$ Mn) (%)
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key ETS Vendors, 2018
FIG. 10 Global ETS Market Revenue Contribution, By Service, 2018 & 2027(%)
FIG. 11 Global Transformer Testing, ETS Market Analysis, 2018 – 2027, (US$ Mn)
FIG. 12 Global Circuit Breaker Testing, ETS Market Analysis, 2018 – 2027, (US$ Mn)
FIG. 13 Global Protection Testing, ETS Market Analysis, 2018 – 2027, (US$ Mn)
FIG. 14 Global Battery Testing, ETS Market Analysis, 2018 – 2027, (US$ Mn)
FIG. 15 Global ETS Market Revenue Contribution, By End-User, 2018 & 2027(%)
FIG. 16 Global ETS Market Revenue from Power Generation Stations, 2018 – 2027 (US$ Mn)
FIG. 17 Global ETS Market Revenue from Transmission and Distribution, 2018 – 2027 (US$ Mn)
FIG. 18 Global ETS Market Revenue from Steel Plants, 2018 – 2027 (US$ Mn)
FIG. 19 Global ETS Market Revenue from Major Refineries, 2018 – 2027 (US$ Mn)
FIG. 20 Global ETS Market Revenue from Railways, 2018 – 2027 (US$ Mn)
FIG. 21 Global ETS Market Revenue from Others, 2018 – 2027 (US$ Mn)
FIG. 22 North America ETS Market Revenue, 2018 – 2027, (US$ Mn)
FIG. 23 Europe ETS Market Revenue, 2018 – 2027, (US$ Mn)
FIG. 24 Asia Pacific ETS Market Revenue, 2018 – 2027, (US$ Mn)
FIG. 25 RoW ETS Market Revenue, 2018 – 2027, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Electrical Testing Services (ETS)
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 5 North America ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 6 U.S. ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 7 U.S. ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 8 Canada ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 9 Canada ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 10 Europe ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 11 Europe ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 12 U.K. ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 13 U.K. ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 14 Germany ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 15 Germany ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 16 France ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 17 France ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 18 Rest of Europe ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 19 Rest of Europe ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 20 Asia Pacific ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 21 Asia Pacific ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 22 China ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 23 China ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 24 Japan ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 25 Japan ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 26 Rest of Asia Pacific ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 27 Rest of Asia Pacific ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 28 RoW ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 29 RoW ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 30 MEA ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 31 MEA ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 32 Latin America ETS Market Revenue, By Service, 2018 – 2027 (US$ Mn)
TABLE 33 Latin America ETS Market Revenue, By End-User, 2018 – 2027 (US$ Mn)
TABLE 34 Voltech Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 35 ABB Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 36 Applus Services SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 37 DNV GL SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 38 Doble Engineering Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 39 Eaton Corporation plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 40 General Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 41 Quanta Services, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 42 RESA Power, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 43 SD Myers LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 44 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 45 Hydro Tasmania Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 46 Inel Power System Engineers Pvt. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 47 TÜV SÜD Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 48 Vertiv Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Questions

What is the size of Electrical Testing Services Market?

The market for Electrical Testing Services Market is expected to reach US$ 7.65 Bn by 2027.

What is the Electrical Testing Services Market CAGR?

The Electrical Testing Services Market is expected to see significant CAGR growth over the coming years, at 7.3%.

What is the Forecast period considered for Electrical Testing Services Market?

The report is forecasted from 2019-2027.

What is the base year considered for Electrical Testing Services Market?

The base year of this report is 2018.

Who are the major players in this market?

RESA Power, LLC, SD Myers LLC, Siemens AG, Vertiv Co., TÜV SÜD Group, Inel Power System Engineers Pvt. Ltd., Applus Services SA, DNV GL SA, Doble Engineering Company, Eaton Corporation plc, General Electric Company are some of the major players in the global market.

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