openPR Logo
Press release

The market is anticipated to ascend at a sound CAGR of 4.4% in terms of revenue over the forecast period of 2016 to 2026

08-20-2018 03:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

The market is anticipated to ascend at a sound CAGR of 4.4% in terms

A new report published by Future Market Insights titled “Electrical Testing Services Market: India Industry Analysis and Opportunity Assessment, 2016–2026” presents detailed insights on the market scenario in India, the electrical testing services market is anticipated to hit a market revenue of more than INR 1,000 crore by 2016 end.

According to Future Market Insights, factors positively affecting the growth of the market includes frequent testing of electrical equipment to restrict breakdowns, rapid electrification of the railway lines, improving transmission and distribution network and improving production of steel in the country, demand and growth of electric power requirement in villages. The other factors that are creating robust development in India electrical testing services market, are steady Increase in Steel Production, periodical electrical testing results in long life of the equipment and focus on electrical equipment and personnel safety.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-in-2435

The published report also incorporates and highlights the emerging trends shaping the market, opportunities to further improve the market and macroeconomic factors governing the growth and size of the market from a larger perspective. Improvement in transmission and distribution network of India is one of the primer driver associated with the growth of the market.

Few restraints are however hampering the growth of the India electrical testing services market. For instance high cost of testing equipment and requirement of qualified personnel, and increase in in-house capabilities are acting as deterrents for electrical testing services market in India.

Segmentation analysis

In India, the protection testing service is expected to exhibit significant growth during the forecast period

Transformer testing service of service type is expected to remain the most attractive market throughout the forecast period due to increasing adoption of outsource services during Site Acceptance Testing (SAT)

By a large margin, transmission and distribution segment on the basis of end user, holds a market share of more than 40% largely overshadowing the second highest market share holder railways.

Railways is expected to gain more than 200 BPS by the end of 2026 and is expected to incline towards high value – high growth during the forecast period due to increasing electrification of the railway network in India

Less frequency of outsourcing electrical testing services coupled with lack of government regulations for testing services in power generation stations is anticipated to affect the growth of electrical testing services market in power generation stations segment by end-user

Request to View TOC @ https://www.futuremarketinsights.com/reports/india-electrical-testing-services-market/toc

Market share analysis in India in future

The Western Region of India hold the largest market share in the India electrical testing services market albeit by a small margin from the second highest market share holder, Northern Region. The market is likely to gain traction in the forecast period owing to rising frequency in the number of times an electrical equipment testing is carried out. The breakdown of electrical equipment in particular the equipment used in large infrastructures that are in continuous working mode can severely disrupt the primary operations carried resulting in losses. The India Electrical Testing Services market is anticipated to expand at a CAGR of more than 4% in terms of value for the forecast period of 2016-2026. As a service based industry, prompt availability of the services to the end users and value added diagnosis of the electrical equipment are some of the key strategies employed by the market players to ensure healthy growth of the market.

Vendor Insights

Some of the major participants involved in providing electrical testing services to its clients are Rulka Electricals Pvt. Ltd., Voltech Group, Inel Power System Engineers Pvt. Ltd., Inser Hitech Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Powertest Asia Pvt. Ltd., JBS Enterprises Pvt. Ltd., and Ultra Electric Company India Pvt. Ltd. Transformer testing services are provided by almost all the major market participants while protection testing, circuit breaker testing and battery testing is divided among the players with very few players providing testing services for all the equipment.

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

CONTACT:
Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The market is anticipated to ascend at a sound CAGR of 4.4% in terms of revenue over the forecast period of 2016 to 2026 here

News-ID: 1189073 • Views: 95

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for India

01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables