Electrical testing services play a vital role in ensuring safety, reliability, and efficiency of electrical infrastructure and equipment. These services include insulation testing, protective relay testing, infrared testing, earth resistance testing, and commissioning tests. The demand for electrical testing services has grown significantly over the years owing to the rapid infrastructure development projects across various sectors such as power generation, transmission & distribution, railways, telecommunications, and construction in India.
The India Electrical Testing Services Market is estimated to be valued at US$ 340.9 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The increased infrastructure development has been a key driver for the growth of electrical testing services market in India. The Indian government has undertaken several initiatives such as Smart City Mission, AMRUT, Housing for All by 2022, along with investments in rail, road, power sectors which require extensive electrical infrastructure. This has augmented the demand for reliable electrical testing from Power utilities, Oil & Gas industry, Metro & Rail networks, and Telecommunications sector to ensure safety, quality, and adherence to standards. Furthermore, mandatory electrical safety audits for commercial and industrial buildings have also contributed to the growth of the electrical testing services market. The market is expected to grow further during the forecast period driven by increased spending on infrastructure modernization and expansion projects across India.
Segment Analysis
The India Electrical Testing Services Market Demand is dominated by the Electrical Installation Testing Services segment. Electrical installation testing refers to the testing and inspection of electrical equipment, systems and components after their installation to validate their safety and compliance with electrical safety standards. This segment accounts for over 60% of the market owing to mandatory safety testing regulations and consumer preference for third party testing to ensure electrical safety at their premises.
Key Takeaways
The global India Electrical Testing Services Market is expected to witness high growth. The India Electrical Testing Services Market is estimated to be valued at US$ 340.9 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Regional analysis
South region accounts for a dominant share of over 30% in the India Electrical Testing Services Market. This can be attributed to rapid industrialization and infrastructure development activities in states like Tamil Nadu, Karnataka and Andhra Pradesh. The western region, led by Maharashtra and Gujarat, is another fast-growing regional market owing to significant manufacturing and IT activities.
Key players
Key players operating in the India Electrical Testing Services Market are INEL Power System Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Voltech Group, Powertest Asia Pvt. Ltd., Rulka Electricals Pvt. Ltd., Inser Hitech Engineers Pvt. Ltd, Ultra Electric Company India Pvt. Ltd., JBS Enterprises Pvt. Ltd., and Laxmi Associates. Driven by the mandatory safety compliance regulations, these players are focusing on expanding their infrastructure and service capabilities across various regions of the country.
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