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North America Electrical Testing Services Market

North America Electrical Testing Services Market By End Use (Power Generation Stations, Steel Plants, Major Refineries,Railways), Service Type (Transformer Testing, Circuit Breaker Testing, Protection Testing, Battery Testing) & Region - Forecast to 2021 - 2031

North America Electrical Testing Services Market By End Use (Power Generation Stations, Steel Plants, Major Refineries,Railways), Service Type (Transformer Testing, Circuit Breaker Testing, Protection Testing, Battery Testing) & Region - Forecast to 2021 - 2031

North America Electrical Testing Services Market - Analysis, Outlook, Growth, Trends, Forecasts

North America Electrical Testing Services Market Snapshot

[167 Pages Report] North America electrical testing services market is projected to exhibit year-on-year (YoY) growth of 4.8% to total ~US$ 1.8 Bn in 2021. As per the study by Future Market Insights (FMI), the demand for electrical testing services in North America will increase by 5.9% CAGR between 2021 and 2031.

By service type, thermographic electric testing service will represent over 6.5% CAGR in North America electrical testing services market. As of 2020, these services account between 2 and 3% of overall North America Testing and Inspection Services Market.

North America Electrical Testing Services Market Base Year Value (2020A)

US$ 1.76 Bn

North America Electrical Testing Services Market Estimated Year Value (2021E)

US$ 1.85 Bn

North America Electrical Testing Services Market Projected Year Value (2031F)

US$ 3.28 Bn

Value CAGR (2021-2031)

5.90%

Top 2 Countries Collective Share (2021E)

81.80%

2021-2031 North America Electrical Testing Services Market Outlook Compared to 2016-2020

Driven by the rapid industrialization and technological advancements in North America, the electrical testing services market will rise at 5.9% CAGR between 2021 and 2031 in the comparison above 0.9% CAGR registered during 2016-2020.

Transformer testing and other major service types are currently in high demand across diverse industries as transformer testing is essential for confirming the performance and specification of a transformer. Performing maintenance and testing periodically to maintain the working efficiency of an electrical device is of prime importance. This makes electric testing services highly sought-after in North America.

Increasing focus on personal safety is encouraging customers to invest in advanced electrical testing solutions. As electricity has the potential of fatally injuring a person, unchecked electrical equipment has a greater probability of causing hazard due to instances such as leakage, short-circuiting, faults in wiring, leakage of lubricants, and others. To counter the risk of such incidents, focus on electrical testing services will skyrocket.

What Is the Impact of the COVID-19 Crisis on the North America Electrical Testing Services Market?

The COVID-19 outbreak has resulted in a huge reduction in electricity usage. To limit the threat of coronavirus, governments around the world were compelled to reduce commercial activities.

Consumer lifestyle has altered as a result of COVID-19 outbreak, with people preferring to stay at home and work from home more in place of stepping out. As a result, home load demand has increased. On the flip side, commercial and industrial load demand has decreased significantly.

Restrictions imposed to contain the virus created new obstacles in the power sector, hampering technical and financial activities alike. Thus most utilities around the world implemented a disaster management strategy to deal with COVID-19-induced adversities.

In recent years, regulatory standards governing a product's health, environment quality, and safety have gotten stricter, prompting producers to become more concerned about product safety and seek third-party certifications. These factors are projected to have a significant impact on the electrical inspection service market in North America, also helping in its post-COVID-19 recovery in the coming years.

Country-wise Insights

What Percent of Electrical Testing Services Sales will concentrate in the U.S.?

FMI has projected the U.S. to remain one of the most lucrative markets throughout the forecast period. One of the key factors supporting growth is the presence of several end-use industries. According to FMI, the U.S. electric testing service market will account for 57.1% of sales in North America in 2021.

The power sector and steel plants in the U.S. will be leading contributors towards electrical testing service market share. According to the report, power generation stations will remain chief end users in the U.S. They will be trailed by railways and data centers.

Will Canada’s Regulation and Electric Code Give the Market a Priority?

Standards Council of Canada (SCC) has few electrical codes for the testing and service of electrical and electronic devices. The service proving companies mU.S.t follow the code issued by the SCC for avoiding fines, penalties, or bans for selling electrical products as well as servicing them. This also creates a conducive environment for the growth of the electrical testing service market.

Canada has a significantly steadier growth perspective due to evolving market in infrastructure and commercial establishments that require electrical devices. The market will register growth at 6.1% CAGR for the assessment period of 2021-2031.

What is the Mexico Electrical Testing Services Market Outlook?

Mexico will register high growth rate in the region due to the rapid industrialization and urbanization witnessed in the last few years. Also, the market will gain traction due to the disinterest of the Government of Mexico from being the only service provider in the country.

After the involvement of private and other service providers, the Mexico market will attain a market share of 19.1% in 2031 with a 6.4% CAGR.

Category-wise Insights

Which is the Preferred Electrical Testing Services Type?

The demand for transformer testing and circuit breaker testing will grow in the coming years as they are done to ensure that the winding is all connected the same way, not in an opposite way which can cause short circuit. The transformer testing and circuit breaker testing segments together will account for a market share of 38.3% in 2021.

Where are the Electrical Testing Services Mostly Used?

Power generation station and transmission & distribution station in North America will exhibit high demand for electrical testing service. Governments of various countries are undertaking efforts to improve and grow the T&D network efficiency by curbing problems associated with it such as pilferage, power thievery, bureaucracy, and replacement of old equipment.

This is paving a way to improve the market of electrical testing service in the region. The power generation and transmission & distribution station will together account for a share of 30.8% in the market.

Competitive Landscape

Companies operating in North America 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. Service providers are also targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and strategic partnerships with electrical and electronic device manufacturers to expand their service and testing network in the overall region.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

U.S.D Million for Value

Key Regions Covered

North America

Key Countries Covered

U.S., Canada, Mexico

Key Segments Covered

By End Use, By Service Type, By Country

Key Companies Profiled

  • 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

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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North America Electrical Testing Services Market by Category

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 Country:

  • The U.S.
  • Canada
  • Mexico

Key Questions Answered in the Report

What is the North America Electrical Testing Service Market Size?

The North America electrical testing service market is expected to reach US$ 1.8 Bn in 2021.
The North America electrical testing service market will grow by 5.9% CAGR between 2021 and 2031.
The U.S. currently leads the North America electrical testing services market. Sales in the U.S. will account for over 57.3% of total demand in the region through the forecast period.
Transformer testing is highly sought-after in the North America electric testing market. It has a market share of 20.9%.
In power generation stations, electrical testing services are widely employed. It is expected to remain the dominant end user through the forecast period.
Some of the leading company’s offering testing services in North America are Schneider Electric, Siemens AG, Eaton Corporation Plc, General Electric Company and ABB Inc, Haugland Group LLC, Dekra, Electric Power Systems, American Electrical Testing, and Others. They cover approximately 55% - 65% market share.

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