Press release
Global Electrical Testing Services Market Valuation Projected to Surpass USD 13.4 Billion by 2031, Surging at 7.1% CAGR
The global electrical testing services market is experiencing significant growth, fueled by rising demand in key sectors. According to industry forecasts, the market is projected to surpass USD 13.4 billion by 2031, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.1% from 2021.This growth momentum follows a strong year-on-year increase of 6.3% observed in 2021. The market's solid foundation is further bolstered by its established presence within the testing, inspection, and certification sector, capturing a significant share of 15% to 18% in 2020.
Several key factors are propelling the expansion of the electrical testing services market. One significant driver is the increasing adoption of renewable energy sources like wind, solar, and hydro. These technologies require specialized electrical equipment testing to ensure optimal performance and safety.
Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-6683
The surge in demand for green energy or renewable energy sources like wind, solar, and hydro is another factor supporting the market's expansion. Electrical testing services will experience a significant increase in demand in the near future along with the rise in demand for green energy.
The market for electrical testing services is being advanced by the electrification efforts of emerging economies. Aiming to provide dependable and affordable electricity to various locations around the world, the countries' electricity infrastructure is developing at a rapid rate. This necessitates the installation of transformers and other power transmission equipment, which will directly affect the market for electrical testing services.
With greater scope for development, MEA stands out to be the fastest growing region in the global electrical testing services market. Growing industrialization and urbanization will support the growth of electrical testing services in the global market over the forecast period. Thus, emerging regions that are still going under the installation processes provide a better scope for electrical testing services market. According to the International Energy Agency (IEA), by the end of 2030, 600 million out of the total 674 million people without the access to electricity live in Sub-Saharan Africa, a majority of them in the rural areas.
Attributing to this, Africa provides immense opportunities for service providers to augment their business capabilities in the region. India stands out in terms of growth in electrification rate across the country. According to IEA, half a billion people have gained electricity since 2000. In India, the electrification rate is nearly about 82% and with ongoing government initiatives, India will achieve universal access to electricity by 2020s. This is expected to open up new horizons for the augmentation of the electrical testing market in India.
Competitive Landscape:
Companies operating in global electrical testing service market are aiming at expanding their service range for precise end use. To achieve this, they are investing increasingly in R&D activities.
Electrical testing service providers are targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and partnerships with electrical and electronic device manufacturers to expand their service and testing network.
Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services, Electric Power Systems, DNV GL, Dobel Engineering Company, Inel Power, Inser Hitech Engineers Pvt. Ltd., RESA Power LLLC, Voltech Engineers Pvt. Ltd.
Browse Report Details! https://www.futuremarketinsights.com/reports/electrical-testing-services-market
Key Segments Covered:
By End Use:
Power Generation Stations
Transmission and Distribution Stations
Steel Plants
Major Refineries
Railways
Other Industrial (Laboratory, etc.)
Data Centers
Healthcare and Hospitality
Commercial Establishments
By Service Type:
Transformer Testing
Circuit Breaker Testing
Protection Testing
Battery Testing
Rotating Equipment Vibration Testing
Motors/Generator Testing
Thermographic Testing
By Region:
North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa
Read More Reports!
Palletizing Machines Market - https://marketresearchblog.org/2024/12/global-palletizing-machines-market-share-estimated-to-drive-past-usd-4195-million-mark-by-2032-growing-steadily-at-5-2-cagr/
Palletizing Systems Market - https://marketresearchblog.org/2024/12/global-palletizing-systems-market-revenue-share-to-exceed-usd-3412-6-million-mark-by-2032-growing-steadily-at-4-8-cagr/
Plate Heat Exchanger Market - https://marketresearchblog.org/2024/12/global-plate-heat-exchanger-market-valuation-predicted-to-surpass-usd-6463-9-million-by-2033-surging-steadily-at-4-6-cagr/
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: 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 Global Electrical Testing Services Market Valuation Projected to Surpass USD 13.4 Billion by 2031, Surging at 7.1% CAGR here
News-ID: 3791396 • Views: …
More Releases from Future Market Insights, Inc.

Global Weatherization Services Market Size Estimated to Exceed USD 58.6 Billion …
The global weatherization service market is on track for significant growth, with a projected market valuation of USD 58.6 billion by 2035. This represents a substantial increase from the estimated USD 35.5 billion market value in 2025. This upward trend is fueled by a steady Compound Annual Growth Rate (CAGR) of 3.7% anticipated from 2025 to 2035.
A key driver of this impressive growth is the global push for promoting weatherization…

Global Glass Door Merchandisers Market Revenue Anticipated to Surpass USD 13,557 …
Future Market Insights (FMI) has released a comprehensive analysis projecting substantial growth in the glass door merchandisers market, with an anticipated valuation surpassing USD 13,557.9 million by 2028. The study highlights a robust Compound Annual Growth Rate (CAGR) of 7.5% from 2022 to 2028, indicating a promising trajectory for market expansion.
Discover What's Inside - Request Your Sample Report Now. https://www.futuremarketinsights.com/report-sample#5245502d47422d37343230
The analysis conducted by FMI underscores several key factors driving this…

FMI Analysis Affirms Global Extruder and Compounding Machines Market Size to Cro …
The global extruder and compounding machines market is poised for steady growth over the next decade, with a projected valuation of USD 113.96 billion by 2034. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 4.2%, building upon a market size of USD 75.53 billion in 2024.
This report provides a comprehensive analysis of the extruder and compounding machines market, including a comparison with closely related…

Global Card Printer Ribbons Market Anticipated to Surge Past USD 1264.8 Million …
The global card printer ribbons market is poised for substantial expansion, with a projected Compound Annual Growth Rate (CAGR) of 4% from 2024 to 2034. Having achieved noteworthy sales of USD 854.4 million in 2024, the market is anticipated to witness a significant surge, surpassing the significant milestone of USD 1264.8 million by the conclusion of the assessment period in 2034.
Get Ahead Of The Curve - Request Your Sample Report…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…