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India Electrical Testing Services Market

Market Insights on India Electrical Testing Services covering sales outlook, demand forecast & up-to-date key trends

India Electrical Testing Services Market By Service Type (Transformer Testing, Circuit Breaker Testing, Protection Testing), End User (Power Generation Stations, Transmission and Distribution Stations, Steel Plants) & Region - Forecast to 2016 - 2026

Introduction

Electrical testing services is a type of examination that involves a thorough inspection, scrutiny and diagnosis of important heavy duty electrical equipment for its working performance and longevity. Electrical equipment are not limited to transformers, rectifiers, circuit breaking, electrical cables, transmission lines, batteries, etc.

Electrical testing services are essential in order to ensure the operating standards of a plant which uses electricity. These electrical testing services are either outsourced or done in-house. The frequency of these electrical testing and inspection majorly depends on nature of workplace and the risk associated with electrical equipment. 

They are comprehensively tested in order to ensure efficiency and safe working. Improvements in Transmission and Distribution network and growing electrification of railway lines are some of the main factors inducing the growth of the electrical testing services market in India.

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 chiefly influenced by the growth of the end users.

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Growing electrification of railway lines is one of the main factors for the growth of the electrical testing services market in India

India is the third largest producer of steel in the world on the basis of volume and the only country to witness a positive growth in 2015 from 2014. As steel is usually produced in Electric Arc Reactors using electricity as the power source, growth in steel production calls for increased use of electrical equipment, which also will positively contribute to the growth of electrical testing services market in India.

From the perspective of community, India is the second highest populated country in the world with an estimated population of 1.33 billion by the end of 2015. Currently, proper distribution of electricity to each household in the country is done at a rapid pace with an estimation that 85% of the villages are already been electrified, and hence widening the transmission and distribution network significantly contribute to the growth of the market in India. Likewise, increased power generation in the power generating plants to accommodate the high demand of electricity will also drive the growth of electrical testing services market.

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The railway department of India is moving towards complete conversion of electrical lines ensuring electricity as the main source of power to run the trains. At present, over 40% of the total railway lines of the country have been electrified and is likely to be completely electrified in the forthcoming years paving a way for the electrical testing services market to improve in terms of revenue generation.

The transformer testing segment dominates the India electrical testing services market

The service type segment of the market comprises of transformer testing, circuit breaker testing, protection testing and battery testing. A transformer is an electrical apparatus primarily used for transmission of electric current by electromagnetic induction. The function of the transformer is to vary the voltage between two electric potentials or terminals.

The transformer testing segment dominates the Indian market with a market share of more than 40% closely followed by circuit breaker testing, which holds a market share of more than 30% in India electrical testing services market. In contrast, protection testing in the service type segment is likely to grow the fastest in the market with a CAGR of 5.1% owing to higher preference of the end users to frequently test the protective relays.

Nikhil Kaitwade
Principal Consultant
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Key market players operating in the India electrical testing service market

Electrical Testing Service providers in India are highly fragmented with many players available to provide testing of electrical equipment. A few major dedicated testing service providers identified in the market include Inel Power System Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Voltech Group, Inser Hitech Engineers Pvt. Ltd., Powertest Asia Pvt. Ltd., Rulka Electricals Pvt. Ltd., Ultra Electric Company India Pvt. Ltd. and JBS Enterprises Pvt. Ltd., among others.

India Electrical Testing Services Market Taxonomy

To understand and assess opportunities in the India Electrical Testing Services market, we have divided the report into two sections based on market segmentations as under

By Service Type

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing

By End User

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways
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Frequently Asked Questions

The electrical testing services market was valued at US$ 6.8 Bn in 2021.

The demand for electrical testing services is expected to grow by 7.1% CAGR between 2021 and 2031.

The U.S. currently leads the global market for electrical testing services.

Transformer testing is projected to be in high demand, accounting for nearly 20% of sales in the market.

Demand in power generation stations will remain considerably high. The sector is expected to account for over 17% sales in the market.

Some of the leading companies offering testing services globally are Schneider Electric, Siemens AG, Eaton Corporation Plc, General Electric Company and ABB Inc, Haugland Group LLC, Dekra, Electric Power Systems, American Electrical Testing, RESA Power LLC, Voltech Engineers Pvt. Ltd., DNV GL, Dobel Engineering Company and Others. They cover approximately 45% - 55% of the market share.

Table of Content

1. Executive Summary 

2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

3. India Electrical Testing Services Market Analysis Scenario

    3.1. Market Size (US$ Mn) and Forecast

        3.1.1. Market Size and Y-o-Y Growth

        3.1.2. Absolute $ Opportunity

    3.2. Market Overview

        3.2.1. Region Wise Analysis

        3.2.2. Value Chain

        3.2.3. Profitability Margins and Cost Teardown

    3.3. Testing Service Analysis

        3.3.1. Testing Services Outsourced, In-house and Frequency

        3.3.2. Companies that provide these Services

4. Market Dynamics

    4.1. Macro-economic Factors

    4.2. Drivers

        4.2.1. Supply Side

        4.2.2. Demand Side

    4.3. Restraints

    4.4. Opportunity

    4.5. Forecast Factors – Relevance and Impact

5. India Electrical Testing Services Market Analysis and Forecasts, By Service Type

    5.1. Introduction

    5.2. Basis Point Share (BPS) Analysis By Service Type

    5.3. Y-o-Y Growth Projections By Service Type

    5.4. Market Attractiveness By Service Type

    5.5. Market Value Forecast By Service , 2016–2026

        5.5.1. Transformer Testing

        5.5.2. Circuit Breaker Testing

        5.5.3. Protection Testing

        5.5.4. Battery Testing

    5.6. Prominent Trends

6. India Electrical Testing Services Market Analysis and Forecasts, By End user

    6.1. Introduction

    6.2. Basis Point Share (BPS) Analysis By End user

    6.3. Y-o-Y Growth Projections By End user

    6.4. Market Attractiveness By End User

    6.5. Market Value Forecast By End user, 2016–2026

        6.5.1. Power Generation Stations

            6.5.1.1. PSUs

            6.5.1.2. Private (Organized/ Un-organized)

        6.5.2. Transmission and Distribution Stations

            6.5.2.1. PSUs

            6.5.2.2. Private (Organized/ Un-organized)

        6.5.3. Steel Plants

            6.5.3.1. PSUs

            6.5.3.2. Private (Organized/ Un-organized)

        6.5.4. Major Refineries

            6.5.4.1. PSUs

            6.5.4.2. Private (Organized/ Un-organized)

        6.5.5. Railways

    6.6. Prominent Trends

7. Competition Landscape

    7.1. Competition Dashboard

    7.2. Company Profiles 

        7.2.1. INEL Power System Engineers Pvt. Ltd.

        7.2.2. Technomark Engineers India Pvt. Ltd.

        7.2.3. Voltech Group

        7.2.4. Powertest Asia Pvt. Ltd.

        7.2.5. Rulka Electricals Pvt. Ltd.

        7.2.6. Inser Hitech Engineers Pvt. Ltd.

        7.2.7. Ultra Electric Company India Pvt. Ltd.

        7.2.8. JBS Enterprises Pvt. Ltd.

        7.2.9. Laxmi Associates

8. Strategic Recommendations

9. Assumptions and Acronyms Used

10. Research Methodology

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List of Tables

Table 01: India Electrical Testing Services Market Value (INR Cr.) by Service Type, 2015-2026

Table 02: India Electrical Testing Services Market Value (INR Cr.) by End-User, 2015–2026

Table 03: India Electrical Testing Services Market Value (INR Cr.) By End-User, 2015–2026

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Find your sweet spots for generating winning opportunities in this market.

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List of Charts

Figure 01: India Electrical Testing Services Market

Figure 02: India Electrical Testing Services Market Share (%) In-house v/s Outsource

Figure 03: India Electrical Testing Services Market Split by Service Type, 2015

Figure 04: India Electrical Testing Services Market Split by End User, 2015 

Figure 05: India Electrical Testing Services Market Size (INR Cr) and Y-o-Y Growth, 2015–2024

Figure 06: India Electrical Testing Services Market, Absolute INR Opportunity, 2015–2024

Figure 07: India Railway Electrification Growth vs. India Electrical Testing Services Market Value Y-o-Y Growth, 2015–2026

Figure 08: India Electrical Power Installed Base Growth vs. India Electrical Testing Services Market Value Y-o-Y Growth, 2015–2026

Figure 09: India Steel Production Growth vs. India Electrical Testing Services Market Value Y-o-Y Growth, 2015–2026

Figure 10: India Electrical Testing Services Market, BPS Analysis by Service Type, 2016 and 2026

Figure 11: India Electrical Testing Services Market, Y-o-Y Growth Comparison by Service Type,

Figure 12: India Electrical Testing Services Market Attractiveness Analysis by Service Type, 2016–2026

Figure 13: India Electrical Testing Services Market Value Absolute INR Opportunity, by Transformer Testing Segment, 2016–2026

Figure 14: India Electrical Testing Services Market Value Absolute INR Opportunity, by Circuit Breaker Testing Segment, 2016–2026

Figure 15: India Electrical Testing Services Market Value Absolute INR Opportunity, by Protection Testing Segment, 2016–2026

Figure 16: India Electrical Testing Services Market Value Absolute INR Opportunity, by Battery Testing Segment, 2016–2026

Figure 17: India Electrical Testing Services Market, BPS Analysis by Service Type, 2016 and 2026

Figure 18: India Electrical Testing Services Market, Y-o-Y Growth Comparison by End-User, 2015–2026

Figure 19: India Electrical Testing Services Market Attractiveness Analysis by End-User, 2016–2026

Figure 20: India Electrical Testing Services Market Value (INR Cr.) Forecast by Power Generation Stations Segment, 2015–2026

Figure 21: India Electrical Testing Services Market Value Absolute INR Opportunity, by Power Generation Stations Segment, 2016–2026

Figure 22: India Electrical Testing Services Market Value Absolute INR Opportunity, by PSUs Segment, 2016–2026

Figure 23: India Electrical Testing Services Market Value Absolute INR Opportunity, by Private Segment, 2016–2026

Figure 24: India Electrical Testing Services Market Value (INR Cr.) Forecast by Transmission and Distribution Stations Segment, 2015–2026

Figure 25: India Electrical Testing Services Market Value Absolute INR Opportunity by Transmission and Distribution Stations Segment, 2016–2026

Figure 26: India Electrical Testing Services Market Value Absolute INR Opportunity, by PSUs Segment, 2016–2026

Figure 27: India Electrical Testing Services Market Value Absolute INR Opportunity, by Private Segment, 2016–2026

Figure 28: India Electrical Testing Services Market Value (INR Cr.) Forecast by Steel Plants Segment, 2015–2026

Figure 29: India Electrical Testing Services Market Value Absolute INR Opportunity by Steel Plants Segment, 2016–2026

Figure 30: India Electrical Testing Services Market Value Absolute INR Opportunity, by PSUs Segment, 2016–2026

Figure 31: India Electrical Testing Services Market Value Absolute INR Opportunity, by Private Segment, 2016–2026

Figure 32: India Electrical Testing Services Market Value (INR Cr.) Forecast by Major Refineries Segment, 2015–2026

Figure 33: India Electrical Testing Services Market Value Absolute INR Opportunity, By Major Refineries Segment, 2016–2026

Figure 34: India Electrical Testing Services Market Value Absolute INR Opportunity by PSUs Segment, 2016–2026

Figure 35: India Electrical Testing Services Market Value Absolute INR Opportunity by Private Segment, 2016–2026

Figure 36: India Electrical Testing Services Market Value (INR Cr.) Forecast by Railways Segment, 2015–2026

Figure 37: India Electrical Testing Services Market Value Absolute INR Opportunity by Railways Segment, 2016–2026

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