Electrical Testing Services Market

The Global Electrical Testing Services Market

The Global Electrical Testing Services focuses only on post-commissioning services. In the post commissioning electrical testing services market, the equipment (transformers, circuit breakers, protection relays and batteries) which are currently in operation in-use in end use industries, such as power generation sector, transmission & distribution, steel plants, major refineries and railways, have been considered. The market refers only to the electrical testing services (transformers testing, circuit breaker testing, protection relay testing and battery testing) in the global market.

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI/PMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Key Questions Answered

• How the market has performed over the past few years?

• What have been the challenges for market participants and how did they overcome them?

• How has the technology landscape evolved over the past years?

• How the competitors have performed and what have been their growth strategies?

• What is the market potential expected to look like in near future across the globe?

• How to sustain and grow market share?

• What should be the future course of action?

• Where do I currently stand?

• Which are the segments, factors, regions offering promising growth potential?

• What are the trends in the market and am I ready for them?

Market Taxonomy