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North America Electrical Testing Services Market Snapshot (2023 to 2033)

The North America electrical testing services market is expected to attain a valuation of US$ 2.5 billion in 2023 and is projected to reach US$ 4.5 billion by 2033. Future Market Insights expects electrical testing services demand in North America at a CAGR of 6% during the forecast period.

The market is driven by various factors, including the rising frequency of power outages, leading to increased need for preventive maintenance. Additionally, the automotive and aerospace industries are placing greater demands on electrical testing services. Growing consumer demand for sustainable energy sources, such as solar and wind power, along with the expansion of the Internet of Things (IoT) and smart grid, and stringent government regulations mandating safety inspections and certifications, further contribute to market growth.

The demand for electrical testing services is expected to rise due to various factors such as increased electrification of railway lines, enhanced steel production, and the need for systematic testing of electrical equipment to prevent breakdowns. These services also play a crucial role in preventing issues like short-circuiting, lubricant leakage, equipment corrosion, and wiring faults. As a result, the global electrical testing services market is expanding. Various end-users, including manufacturing industries and power generation plants, are increasingly relying on these services, further fuelling market growth.

The electric testing services market is expected to witness increased sales, driven by the presence of heavy metal industries and the electric component manufacturing sector. Government investments in public transportation, particularly railways, are also fuelling market growth in the region. Additionally, the demand for regular electrical testing and maintenance services from power plants further contributes to the market's expansion.

Report Attribute Details
Expected Market Value (2023) US$ 2.5 billion
Anticipated Forecast Value (2033) US$ 4.5 billion
Projected Growth Rate (2023 to 2033) CAGR 6%

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2018 to 2022 North America Electrical Testing Services Demand Analysis vs. Forecast 2023 to 2033

The North America electrical testing services market was worth US$ 1.61 billion in 2018. It accumulated a market value of US$ 2 billion in 2022 while growing at a CAGR of 5.5% during the historical period. Driven by the rapid industrialization and technological advancements in North America, the electrical testing services market is expected to rise at a 6% CAGR between 2023 and 2033 in the comparison above 5.5% CAGR registered during 2018 to 2022.

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.

Comparative View of Adjacent Markets

North America electrical testing services Market:

Attributes North America electrical testing services Market
CAGR (2023 to 2033) 6%
Market Value (2033) US$ 4.5 billion
Growth Factor Increasing need of electricity for railway lines and rising need for uninterrupted power supply is anticipated to drive market growth.
Opportunity The growth of transmission and distribution network are capable of bringing new growth opportunities for industry development.

Latin America Mining Equipment Market:

Attributes Latin America Mining Equipment Market
CAGR (2023 to 2033) 3.8%
Market Value (2033) US$ 4,926.8 million
Growth Factor the rising demand for materials such as diamond, uranium, zinc, gold, lead, coal, tin, copper, and nickel is anticipated to boost the growth of the mining sector and drive the growth in the Latin American mining equipment market over the forecast period.
Opportunity Technological advancements in improving manufacturing capabilities and integration of automation technologies is expected to present new opportunities for market growth.

North America Head-up Display Market:

Attributes North America Head-up Display Market
CAGR (2023 to 2033) 21.4%
Market Value (2033) US$ 4,370 million
Growth Factor Increasing security concerns while driving is expected to fuel the market growth.
Opportunity Due to the increase in demand for head-up displays based on augmented reality, the market is expected to witness numerous opportunities for market expansion.
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Country-wise Insights

What Percent of Electrical Testing Services Sales will concentrate in the United States?

FMI has projected the United States 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 United States electric testing service market is expected to account for 59.2% of sales in North America in 2023.

The power sector and steel plants in the United States will be leading contributors towards electrical testing service market share. According to the report, power generation stations will remain chief end users in the United States. 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 m USA.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 is expected to register growth at a 6.2% CAGR for the assessment period of 2023 to 2033.

What is the Mexico Electrical Testing Services Market Outlook?

Mexico is expected to 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 is expected to attain a market share of 22% in 2033 with a 6.5% CAGR.

Category-wise Insights

Which is the Preferred Electrical Testing Services Type?

The demand for transformer testing and circuit breaker testing is expected to 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 demand from transformer testing is expected to rise with a CAGR of 6.8% during the forecast period. The transformer testing and circuit breaker testing segments together are expected to account for a market share of 40% in 2023.

Where are the Electrical Testing Services Mostly Used?

Power generation station and transmission & distribution station in North America are expected to exhibit high demand with respective CAGRs of 7.1% and 6.7% during the forecast period. 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 are together expected to account for a share of 34% in the market.

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Start-ups in North America Electrical Testing Services Market

Start-ups play a key role in identifying growth opportunities. With their ability to translate inputs into outputs and adapt to volatile market conditions, start-ups contribute significantly to growth of the industry. Some of the startups involved in manufacturing and providing services in North America electrical testing services market are:

  • Brainbox AI is a provider of AI-powered SaaS solution that optimizes energy consumption and autonomously enhances HVAC control systems in commercial buildings using cloud-based computing.
  • Effenco is a provider of electric hybrid technology solutions for heavy-duty trucks, offering electrification and electric powertrain systems. Their features include AI algorithms, capacitor integration, and electric motorization.
  • Innovative Power Management Inc. is a Silicon Valley company specializing in power management ICs and custom IC design services.

Competitive Landscape

The market for North America electrical testing services is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are 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.

Some recent developments in North America electrical testing services market are:

  • In August 2021, RESA Power, a USA-based electrical solutions provider, announced the acquisition of EPIC Energy Solutions, LLC, an electrical testing company. This acquisition enables RESA Power to enhance its testing capabilities in the Midwest region.
  • Siemens Mobility acquired Optrail in June 2023 to broaden its Train Planning System capabilities.
  • In June 2023, ABB Inc. declared the acquisition of Munich-based smart home products leader, Eve Systems GmbH, with operations in Europe and the United States.
  • In June 2023, Siemens Digital Industries Software integrated Supplyframe™ Design-to-Source Intelligence platform with Siemens Xcelerator portfolio enhancing real-time supply chain intelligence for comprehensive digital twin technology.

Report Scope

Report Attribute Details
Market Value in 2023 US$ 2.5 billion
Market Value in 2033 US$ 4.5 billion
Growth Rate CAGR of 6% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • End Use
  • Service Type
  • Country
Key Countries Profiled
  • United States of America
  • Canada
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
Customization & Pricing Available upon Request

Key Segments Profiled in the North America Electrical Testing Services Industry Survey

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:

  • United States
  • Canada

Frequently Asked Questions

How Big is the North America Electrical Testing Services Market in 2023?

The market is valued at US$ 2.5 billion in 2023.

Who are the Key Players in the North America Electrical Testing Services Market?

Prominent players include Schneider Electric, Siemens AG, and Eaton Corporation.

What is the Key Segment by Service Type?

Transformer testing is a key segment, ensuring proper performance and specification of transformers.

What Drives the Growth of the Market?

Rising power outages, automotive and aerospace demands, IoT expansion, and safety regulations fuel market growth.

Which Country is Expected to Have High Growth in the Market?

Mexico is projected to experience significant growth due to industrialization and urbanization trends.

Table of Content

1. Executive Summary

    1.1. North America Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By End Use, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Use, 2023 to 2033

        5.3.1. Power Generation Stations

        5.3.2. Transmission and Distribution Stations

        5.3.3. Steel Plants

        5.3.4. Major Refineries

        5.3.5. Railways

        5.3.6. Other Industrial (Laboratory, etc)

        5.3.7. Data Centers

        5.3.8. Healthcare and Hospitality

        5.3.9. Commercial Establishments

    5.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2023 to 2033

        6.3.1. Transformer Testing

        6.3.2. Circuit Breaker Testing

        6.3.3. Protection Testing

        6.3.4. Battery Testing

        6.3.5. Rotating Equipment Vibration Testing

        6.3.6. Motors/Generator Testing

        6.3.7. Thermographic Testing

    6.4. Y-o-Y Growth Trend Analysis By Service Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Service Type, 2023 to 2033

7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

    7.4. Market Attractiveness Analysis By Region

8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By End Use

        8.2.3. By Service Type

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By End Use

        8.3.3. By Service Type

    8.4. Key Takeaways

9. Key Countries Market Analysis

    9.1. USA

        9.1.1. Pricing Analysis

        9.1.2. Market Share Analysis, 2022

            9.1.2.1. By End Use

            9.1.2.2. By Service Type

    9.2. Canada

        9.2.1. Pricing Analysis

        9.2.2. Market Share Analysis, 2022

            9.2.2.1. By End Use

            9.2.2.2. By Service Type

    9.3. Mexico

        9.3.1. Pricing Analysis

        9.3.2. Market Share Analysis, 2022

            9.3.2.1. By End Use

            9.3.2.2. By Service Type

10. Market Structure Analysis

    10.1. Competition Dashboard

    10.2. Competition Benchmarking

    10.3. Market Share Analysis of Top Players

        10.3.1. By Regional

        10.3.2. By End Use

        10.3.3. By Service Type

11. Competition Analysis

    11.1. Competition Deep Dive

        11.1.1. Schneider Electric

            11.1.1.1. Overview

            11.1.1.2. Product Portfolio

            11.1.1.3. Profitability by Market Segments

            11.1.1.4. Sales Footprint

            11.1.1.5. Strategy Overview

                11.1.1.5.1. Marketing Strategy

        11.1.2. Siemens AG

            11.1.2.1. Overview

            11.1.2.2. Product Portfolio

            11.1.2.3. Profitability by Market Segments

            11.1.2.4. Sales Footprint

            11.1.2.5. Strategy Overview

                11.1.2.5.1. Marketing Strategy

        11.1.3. Eaton Corporation plc

            11.1.3.1. Overview

            11.1.3.2. Product Portfolio

            11.1.3.3. Profitability by Market Segments

            11.1.3.4. Sales Footprint

            11.1.3.5. Strategy Overview

                11.1.3.5.1. Marketing Strategy

        11.1.4. General Electric Company

            11.1.4.1. Overview

            11.1.4.2. Product Portfolio

            11.1.4.3. Profitability by Market Segments

            11.1.4.4. Sales Footprint

            11.1.4.5. Strategy Overview

                11.1.4.5.1. Marketing Strategy

        11.1.5. ABB Inc.

            11.1.5.1. Overview

            11.1.5.2. Product Portfolio

            11.1.5.3. Profitability by Market Segments

            11.1.5.4. Sales Footprint

            11.1.5.5. Strategy Overview

                11.1.5.5.1. Marketing Strategy

        11.1.6. Power Products & Solutions

            11.1.6.1. Overview

            11.1.6.2. Product Portfolio

            11.1.6.3. Profitability by Market Segments

            11.1.6.4. Sales Footprint

            11.1.6.5. Strategy Overview

                11.1.6.5.1. Marketing Strategy

        11.1.7. American Electrical Testing

            11.1.7.1. Overview

            11.1.7.2. Product Portfolio

            11.1.7.3. Profitability by Market Segments

            11.1.7.4. Sales Footprint

            11.1.7.5. Strategy Overview

                11.1.7.5.1. Marketing Strategy

        11.1.8. Haugland Group LLC

            11.1.8.1. Overview

            11.1.8.2. Product Portfolio

            11.1.8.3. Profitability by Market Segments

            11.1.8.4. Sales Footprint

            11.1.8.5. Strategy Overview

                11.1.8.5.1. Marketing Strategy

        11.1.9. Dekra

            11.1.9.1. Overview

            11.1.9.2. Product Portfolio

            11.1.9.3. Profitability by Market Segments

            11.1.9.4. Sales Footprint

            11.1.9.5. Strategy Overview

                11.1.9.5.1. Marketing Strategy

        11.1.10. TCS Electrical Co.

            11.1.10.1. Overview

            11.1.10.2. Product Portfolio

            11.1.10.3. Profitability by Market Segments

            11.1.10.4. Sales Footprint

            11.1.10.5. Strategy Overview

                11.1.10.5.1. Marketing Strategy

        11.1.11. Phase One Electric

            11.1.11.1. Overview

            11.1.11.2. Product Portfolio

            11.1.11.3. Profitability by Market Segments

            11.1.11.4. Sales Footprint

            11.1.11.5. Strategy Overview

                11.1.11.5.1. Marketing Strategy

        11.1.12. Intran

            11.1.12.1. Overview

            11.1.12.2. Product Portfolio

            11.1.12.3. Profitability by Market Segments

            11.1.12.4. Sales Footprint

            11.1.12.5. Strategy Overview

                11.1.12.5.1. Marketing Strategy

        11.1.13. GEM Electrical Services

            11.1.13.1. Overview

            11.1.13.2. Product Portfolio

            11.1.13.3. Profitability by Market Segments

            11.1.13.4. Sales Footprint

            11.1.13.5. Strategy Overview

                11.1.13.5.1. Marketing Strategy

        11.1.14. Electric Power Systems

            11.1.14.1. Overview

            11.1.14.2. Product Portfolio

            11.1.14.3. Profitability by Market Segments

            11.1.14.4. Sales Footprint

            11.1.14.5. Strategy Overview

                11.1.14.5.1. Marketing Strategy

12. Assumptions & Acronyms Used

13. Research Methodology

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List of Tables

Table 1: Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 3: Market Value (US$ Million) Forecast by Service Type, 2018 to 2033

Table 4: Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 5: Market Value (US$ Million) Forecast by End Use, 2018 to 2033

Table 6: Market Value (US$ Million) Forecast by Service Type, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

List of Charts

Figure 1: Market Value (US$ Million) by End Use, 2023 to 2033

Figure 2: Market Value (US$ Million) by Service Type, 2023 to 2033

Figure 3: Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 6: Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 7: Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 8: Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 9: Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 10: Market Value (US$ Million) Analysis by Service Type, 2018 to 2033

Figure 11: Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033

Figure 12: Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033

Figure 13: Market Attractiveness by End Use, 2023 to 2033

Figure 14: Market Attractiveness by Service Type, 2023 to 2033

Figure 15: Market Attractiveness by Region, 2023 to 2033

Figure 16: Market Value (US$ Million) by End Use, 2023 to 2033

Figure 17: Market Value (US$ Million) by Service Type, 2023 to 2033

Figure 18: Market Value (US$ Million) by Country, 2023 to 2033

Figure 19: Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 20: Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 21: Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 22: Market Value (US$ Million) Analysis by End Use, 2018 to 2033

Figure 23: Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033

Figure 24: Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033

Figure 25: Market Value (US$ Million) Analysis by Service Type, 2018 to 2033

Figure 26: Market Value Share (%) and BPS Analysis by Service Type, 2023 to 2033

Figure 27: Market Y-o-Y Growth (%) Projections by Service Type, 2023 to 2033

Figure 28: Market Attractiveness by End Use, 2023 to 2033

Figure 29: Market Attractiveness by Service Type, 2023 to 2033

Figure 30: Market Attractiveness by Country, 2023 to 2033

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