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North America Electrical Testing Services Market

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

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 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%

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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.

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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.

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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.

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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

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

Frequently Asked Questions

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.

Table of Content

1. Executive Summary

    1.1. Market Outlook

    1.2. Demand Side Trends

    1.3. End-Users Market Outlook

    1.4. Supply Side Trends

    1.5. Analysis and Recommendation

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

5. North America Electrical Testing Services Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    5.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Market Background

    6.1. Macro-Economic Factors

        6.1.1. North America Electricity Consumption Overview

        6.1.2. North America Urbanization Overview

        6.1.3. Parent Market Overview

        6.1.4. Datacenters, Service Provider and Network Fabrics (U.S., Canada, Mexico)

        6.1.5. List of Electrical Testing Service Provider (U.S., Canada)

    6.2. Porter's Five Force Analysis

    6.3. Forecast Factors - Relevance & Impact

        6.3.1. Historic Growth Rate of Companies

        6.3.2. Growth Rate of Commercial Installation

        6.3.3. Competitive Intensity

        6.3.4. Retail Sector Development Overview

        6.3.5. Renewable Energy Investments

        6.3.6. Urbanization and Energy Consumption

        6.3.7. Growth of Industrialization

    6.4. Value Chain Analysis

        6.4.1. List of Manufacturers

        6.4.2. List of Testing Equipment Manufacturers

        6.4.3. List of Service Provider

    6.5. Market Dynamics

        6.5.1. Drivers

        6.5.2. Restraints

        6.5.3. Opportunity Analysis

    6.6. COVID - 19 Crisis: Impact Assessment

        6.6.1. Current Statistics

        6.6.2. Short-Mid-Long Term Outlook

        6.6.3. Likely Rebound

7. North America Electrical Testing Services Market Analysis 2016-2020 and Forecast 2021-2031, By Service Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn)  Analysis By Service Type, 2016 - 2020

    7.3. Current and Future Market Size (US$ Mn)  Analysis and Forecast By Service Type, 2021 - 2031

        7.3.1. Transformer Testing

        7.3.2. Circuit Breaker Testing

        7.3.3. Protection Testing

        7.3.4. Battery Testing

        7.3.5. Rotating Equipment Vibration Testing

        7.3.6. Motors/Generator Testing

        7.3.7. Thermographic Testing

8. North America Electrical Testing Services Market Analysis 2016-2020 and Forecast 2021-2031, By End-Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn)  Analysis By End-Use, 2016 - 2020

    8.3. Current and Future Market Size (US$ Mn)  Analysis and Forecast By End-Use, 2021 - 2031

        8.3.1. Power Generation Plant

        8.3.2. Transmission and Distribution Plant

        8.3.3. Steel Plants

        8.3.4. Major Refineries

        8.3.5. Railways

        8.3.6. Other Industrial

        8.3.7. Data Centers

        8.3.8. Healthcare and Hospitality

        8.3.9. Commercial Establishment

9. North America Electrical Testing Services Market Analysis 2016-2020 and Forecast 2021-2031, By Country

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) Analysis By Country, 2016 - 2020

    9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Country, 2021 - 2031

        9.3.1. U.S.

        9.3.2. Canada

        9.3.3. Mexico

10. U.S. Electrical Testing Service Market Analysis 2010-2020 and Forecast 2021-2031

    10.1. Introduction

    10.2. Pricing Analysis

    10.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2010 - 2020

    10.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031

        10.4.1. By Service Type

        10.4.2. By End-Use

    10.5. Market Attractiveness Analysis

        10.5.1. By Service Type

        10.5.2. By End-Use

11. Canada Electrical Testing Service Market Analysis 2011-2020 and Forecast 2021-2031

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2011 - 2020

    11.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031

        11.4.1. By Service Type

        11.4.2. By End-Use

    11.5. Market Attractiveness Analysis

        11.5.1. By Service Type

        11.5.2. By End-Use

12. Mexico Electrical Testing Service Market Analysis 2012-2020 and Forecast 2021-2031

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2012 - 2020

    12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2021 - 2031

        12.4.1. By Service Type

        12.4.2. By End-Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Service Type

        12.5.2. By End-Use

13. Market Structure Analysis

    13.1. Market Analysis by Tier of Companies (North America Electrical Testing Services)

    13.2. Market Concentration

    13.3. Market Share Analysis of Top Players

    13.4. Market Presence Analysis

        13.4.1. By Regional footprint of Players

        13.4.2. Product foot print by Players

14. Competition Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Key Developments & Strategies Undertaken by Leading Players

    14.4. Company Profile

        14.4.1. Schneider Electric

            14.4.1.1. Overview

            14.4.1.2. Product Portfolio

            14.4.1.3. Sales Footprint

            14.4.1.4. Strategy Overview

        14.4.2. Siemens AG

        14.4.3. Eaton Corporation Plc

        14.4.4. General Electric Company

        14.4.5. ABB Inc.

        14.4.6. Power Products & Solutions

        14.4.7. American Electrical Testing

        14.4.8. Haugland Group LLC

        14.4.9. Dekra

        14.4.10. TCS Electrical Co.

        14.4.11. Phase One Electric

        14.4.12. Intran

        14.4.13. GEM Electrical Services

        14.4.14. Electric Power Systems

15. Assumptions and Acronyms Used

16. Research Methodology

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List of Tables

Table 01: North America Electrical Testing Services Market Value (US$ Mn) Forecast by Service Type, 2016-2031

Table 02: North America Electrical Testing Services Market Value (US$ Mn) Forecast by End User, 2016-2031

Table 03: North America Electrical Testing Services Market Value (US$ Mn) Forecast by Country, 2016-2031

Table 04: U.S. Electrical Testing Services Market Value (US$ Mn) Forecast by Service Type, 2016 – 2031

Table 05: U.S. Electrical Testing Services Market Value (US$ Mn) Forecast by End User, 2016-2031

Table 06: Canada Electrical Testing Services Market Value (US$ Mn) Forecast by Service Type, 2016 – 2031

Table 07: Canada Electrical Testing Services Market Value (US$ Mn) Forecast by End User, 2016-2031

Table 08: Mexico Electrical Testing Services Market Value (US$ Mn) Forecast by Service Type, 2016 – 2031

Table 09: Mexico Electrical Testing Services Market Value (US$ Mn) Forecast by End User, 2016-2031​

Nikhil Kaitwade
Principal Consultant
LinkedIn
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List of Charts

Figure 01:  North America  Electrical Testing Services Value (Mn US$) 2016 - 2020

Figure 02:  North America  Electrical Testing Services Value (Mn US$) and Y-o-Y  Growth Analysis 2021-2031

Figure 03: North America  Electrical Testing Services Market Incremental $ Opportunity (US$ Mn), 2021 - 2031

Figure 04:  North America Electrical Testing Services  Market, BPS Analysis by Service Type, 2021-2031

Figure 05: North America Electrical Testing Services  Market, Y-o-Y Growth Comparison by Service Type, 2020-2031

Figure 06: North America Electrical Testing Services  Market Attractiveness Analysis by Service Type, 2021-2031

Figure 07: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Transformer Testing Segment, 2016-2031

Figure 08: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Circuit Breaker Testing Segment, 2016-2031

Figure 09: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Protection Testing Segment, 2016-2031

Figure 10: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Battery Testing Segment, 2016-2031

Figure 11: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Rotating Equipment Vibration Testing Segment, 2016-2031

Figure 12: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Motors/Generator Testing Segment, 2016-2031

Figure 13: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Thermographic Testing Segment, 2016-2031

Figure 14:  North America Electrical Testing Services  Market, BPS Analysis by End User, 2021-2031

Figure 15: North America Electrical Testing Services  Market, Y-o-Y Growth Comparison by End User, 2020-2031

Figure 16: North America Electrical Testing Services  Market Attractiveness Analysis by End User, 2021-2031

Figure 17: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Power Generation Stations Segment, 2016-2031

Figure 18: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Transmission & Distribution Stations Segment, 2016-2031

Figure 19: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Steel Plants Segment, 2016-2031

Figure 20: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Major Refineries Segment, 2016-2031

Figure 21: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Railways Segment, 2016-2031

Figure 22: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Other Industrial Segment, 2016-2031

Figure 23: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Data Centers Segment, 2016-2031

Figure 24: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Healthcare and Hospitality Segment, 2016-2031

Figure 25: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Commercial Establishment Segment, 2016-2031

Figure 26:  North America Electrical Testing Services  Market, BPS Analysis by Country, 2021-2031

Figure 27: North America Electrical Testing Services  Market, Y-o-Y Growth Comparison by Country, 2020-2031

Figure 28: North America Electrical Testing Services  Market Attractiveness Analysis by Country, 2021-2031

Figure 29: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by U.S. Segment, 2016-2031

Figure 30: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Canada Segment, 2016-2031

Figure 31: North America Electrical Testing Services  Market Value Absolute $ Opportunity, by Mexico Segment, 2016-2031

Figure 32: U.S. Electrical Testing Services Market Value (2021) by Service Type

Figure 33: U.S. Electrical Testing Services Market Value (2031) by End User

Figure 34: U.S. Electrical Testing Services Market, BPS Analysis by Service Type – 2021 and 2031

Figure 35: U.S. Electrical Testing Services Market, Y-o-Y Growth Comparison by Service Type, 2020– 2031

Figure 36: U.S. Electrical Testing Services Market Attractiveness Analysis by Service Type, 2021– 2031

Figure 37: U.S. Electrical Testing Services Market, BPS Analysis by End User – 2021 and 2031

Figure 38: U.S. Electrical Testing Services Market, Y-o-Y Growth Comparison by End User, 2020 – 2031

Figure 39: U.S. Electrical Testing Services Market Attractiveness Analysis by End User, 2021 – 2031

Figure 40: Canada Electrical Testing Services Market Value (2021) by Service Type

Figure 41: Canada Electrical Testing Services Market Value (2031) by End User

Figure 42: Canada Electrical Testing Services Market, BPS Analysis by Service Type – 2021 and 2031

Figure 43: Canada Electrical Testing Services Market, Y-o-Y Growth Comparison by Service Type, 2020– 2031

Figure 44: Canada Electrical Testing Services Market Attractiveness Analysis by Service Type, 2021– 2031

Figure 45: Canada Electrical Testing Services Market, BPS Analysis by End User – 2021 and 2031

Figure 46: Canada Electrical Testing Services Market, Y-o-Y Growth Comparison by End User, 2020 – 2031

Figure 47: Canada Electrical Testing Services Market Attractiveness Analysis by End User, 2021 – 2031

Figure 48: Mexico Electrical Testing Services Market Value (2021) by Service Type

Figure 49: Mexico Electrical Testing Services Market Value (2031) by End User

Figure 50: Mexico Electrical Testing Services Market, BPS Analysis by Service Type – 2021 and 2031

Figure 51: Mexico Electrical Testing Services Market, Y-o-Y Growth Comparison by Service Type, 2020– 2031

Figure 52: Mexico Electrical Testing Services Market Attractiveness Analysis by Service Type, 2021– 2031

Figure 53: Mexico Electrical Testing Services Market, BPS Analysis by End User – 2021 and 2031

Figure 54: Mexico Electrical Testing Services Market, Y-o-Y Growth Comparison by End User, 2020 – 2031

Figure 55: Mexico Electrical Testing Services Market Attractiveness Analysis by End User, 2021 – 2031

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North America Electrical Testing Services Market