The India Electrical Testing Services Market is predicted to increase at a CAGR of 4.4 % by 2027

 

Electrical testing services are a type of evaluation that entails a complete inspection, scrutiny, and diagnosis of critical heavy-duty electrical equipment to ensure its proper operation and lifetime. Transformers, rectifiers, circuit breakers, electrical cables, transmission lines, batteries, and other electrical equipment are only a few examples.

Electrical testing services are required to ensure that a plant's operating standards are met when it uses electricity. Electrical testing services might be outsourced or performed in-house. Electrical testing and inspection frequency are mostly determined by the nature of the workplace and the danger connected with electrical equipment.

They are thoroughly tested to ensure that they are efficient and safe to use. Improvements in the transmission and distribution network, as well as the increasing electrification of railway lines are some of the primary reasons driving India electrical testing services market forward.

Over the projection period of 2016 to 2026, the market is expected to rise at a healthy CAGR of 4.4 percent in terms of revenue, owing primarily to the growth of end users.

India is the world's third-largest producer of steel by volume and the only country that saw positive growth in 2015 over 2014. Because steel is commonly manufactured in Electric Arc Reactors, which use electricity as a power source, expanded steel production necessitates higher usage of electrical equipment, which will help the electrical testing service flourish.

In terms of population, India is the world's second-most populous country, with a projected population of 1.33 billion by the end of 2015. Currently, proper distribution of electricity to each household in the country is being done at a rapid pace, with estimates indicating that 85 percent of villages have already been electrified, and thus expanding the transmission and distribution network contributes significantly to the market growth in India. Similarly, rising power generation in power plants to meet the growing demand for electricity will propel the electrical testing services market forward.

The transformer testing category dominates the Indian market with a market share of more than 40%, closely followed by circuit breaker testing, which has a market share of more than 30%. Protection testing in the service type sector, on the other hand, is expected to increase at the quickest rate in the market, with a CAGR of 5.1 percent, owing to end customers' higher desire.

Electrical Inspections In India, service providers are significantly fragmented, with a plethora of companies offering electrical equipment testing. In Power System Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Voltech Group, Insert Hitech Engineers Pvt. Ltd., Power test Asia Pvt. Ltd., and Rulka Electricals Pvt. Ltd. are some of the leading dedicated testing service providers in the market.