Global Electrical Testing Services Market Analysis and Opportunity Assessment 2018-2028

"The Latest Research Report 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 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

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. FMIs 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.

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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.

Table of Content

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. Porters 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

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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 20132017 and Forecast 20182028, 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, 20132017
5.3. Current Market Size (US$ Mn) and Volume Forecast By Service Type, 20182028
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 20132017 and Forecast 20182028, 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, 20132017
6.3. Current Market Size (US$ Mn) and Volume Forecast By End User, 20182028
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

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