Researchmoz added Most up-to-date research on "Electrical Testing Services Market: Protection Testing Segment to Grow at a Significant CAGR from 2016 to 2026: India Industry Analysis and Opportunity Assessment, 2016-2026" to its huge collection of research reports.
Electrical testing services is a type of examination that involves a thorough inspection, scrutiny and diagnosis of important heavy duty electrical equipment for its working performance and longevity. Electrical equipment are not limited to transformers, rectifiers, circuit breaking, electrical cables, transmission lines, batteries, etc.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1287859
Electrical testing services are essential in order to ensure the operating standards of a plant which uses electricity. These electrical testing services are either outsourced or done in-house. The frequency of these electrical testing and inspection majorly depends on nature of workplace and the risk associated with electrical equipment. They are comprehensively tested in order to ensure efficiency and safe working. Improvements in Transmission and Distribution network and growing electrification of railway lines are some of the main factors inducing the growth of the electrical testing services market in India.
The market is anticipated to ascend at a sound CAGR of 4.4% in terms of revenue over the forecast period of 2016 to 2026 chiefly influenced by the growth of the end users.
Growing electrification of railway lines is one of the main factors for the growth of the electrical testing services market in India
India is the third largest producer of steel in the world on the basis of volume and the only country to witness a positive growth in 2015 from 2014. As steel is usually produced in Electric Arc Reactors using electricity as the power source, growth in steel production calls for increased use of electrical equipment, which also will positively contribute to the growth of electrical testing services market in India.
From the perspective of community, India is the second highest populated country in the world with an estimated population of 1.33 billion by the end of 2015. Currently, proper distribution of electricity to each household in the country is done at a rapid pace with an estimation that 85% of the villages are already been electrified, and hence widening the transmission and distribution network significantly contribute to the growth of the market in India. Likewise, increased power generation in the power generating plants to accommodate the high demand of electricity will also drive the growth of electrical testing services market.
The railway department of India is moving towards complete conversion of electrical lines ensuring electricity as the main source of power to run the trains. At present, over 40% of the total railway lines of the country have been electrified and is likely to be completely electrified in the forthcoming years paving a way for the electrical testing services market to improve in terms of revenue generation.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/electrical-testing-services-market.html/toc
The transformer testing segment dominates the India electrical testing services market
The service type segment of the market comprises of transformer testing, circuit breaker testing, protection testing and battery testing. A transformer is an electrical apparatus primarily used for transmission of electric current by electromagnetic induction. The function of the transformer is to vary the voltage between two electric potentials or terminals. The transformer testing segment dominates the Indian market with a market share of more than 40% closely followed by circuit breaker testing, which holds a market share of more than 30% in India electrical testing services market. In contrast, protection testing in the service type segment is likely to grow the fastest in the market with a CAGR of 5.1% owing to higher preference of the end users to frequently test the protective relays.
Key market players operating in the India electrical testing service market
Electrical Testing Service providers in India are highly fragmented with many players available to provide testing of electrical equipment. A few major dedicated testing service providers identified in the market include Inel Power System Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Voltech Group, Inser Hitech Engineers Pvt. Ltd., Powertest Asia Pvt. Ltd., Rulka Electricals Pvt. Ltd., Ultra Electric Company India Pvt. Ltd. and JBS Enterprises Pvt. Ltd., among others.
Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=1287859
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on @ https://marketsizeinfo.blogspot.in/
Electrical testing services is a type of examination that involves a thorough inspection, scrutiny and diagnosis of important heavy duty electrical equipment for its working performance and longevity. Electrical equipment are not limited to transformers, rectifiers, circuit breaking, electrical cables, transmission lines, batteries, etc.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1287859
Electrical testing services are essential in order to ensure the operating standards of a plant which uses electricity. These electrical testing services are either outsourced or done in-house. The frequency of these electrical testing and inspection majorly depends on nature of workplace and the risk associated with electrical equipment. They are comprehensively tested in order to ensure efficiency and safe working. Improvements in Transmission and Distribution network and growing electrification of railway lines are some of the main factors inducing the growth of the electrical testing services market in India.
The market is anticipated to ascend at a sound CAGR of 4.4% in terms of revenue over the forecast period of 2016 to 2026 chiefly influenced by the growth of the end users.
Growing electrification of railway lines is one of the main factors for the growth of the electrical testing services market in India
India is the third largest producer of steel in the world on the basis of volume and the only country to witness a positive growth in 2015 from 2014. As steel is usually produced in Electric Arc Reactors using electricity as the power source, growth in steel production calls for increased use of electrical equipment, which also will positively contribute to the growth of electrical testing services market in India.
From the perspective of community, India is the second highest populated country in the world with an estimated population of 1.33 billion by the end of 2015. Currently, proper distribution of electricity to each household in the country is done at a rapid pace with an estimation that 85% of the villages are already been electrified, and hence widening the transmission and distribution network significantly contribute to the growth of the market in India. Likewise, increased power generation in the power generating plants to accommodate the high demand of electricity will also drive the growth of electrical testing services market.
The railway department of India is moving towards complete conversion of electrical lines ensuring electricity as the main source of power to run the trains. At present, over 40% of the total railway lines of the country have been electrified and is likely to be completely electrified in the forthcoming years paving a way for the electrical testing services market to improve in terms of revenue generation.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/electrical-testing-services-market.html/toc
The transformer testing segment dominates the India electrical testing services market
The service type segment of the market comprises of transformer testing, circuit breaker testing, protection testing and battery testing. A transformer is an electrical apparatus primarily used for transmission of electric current by electromagnetic induction. The function of the transformer is to vary the voltage between two electric potentials or terminals. The transformer testing segment dominates the Indian market with a market share of more than 40% closely followed by circuit breaker testing, which holds a market share of more than 30% in India electrical testing services market. In contrast, protection testing in the service type segment is likely to grow the fastest in the market with a CAGR of 5.1% owing to higher preference of the end users to frequently test the protective relays.
Key market players operating in the India electrical testing service market
Electrical Testing Service providers in India are highly fragmented with many players available to provide testing of electrical equipment. A few major dedicated testing service providers identified in the market include Inel Power System Engineers Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Voltech Group, Inser Hitech Engineers Pvt. Ltd., Powertest Asia Pvt. Ltd., Rulka Electricals Pvt. Ltd., Ultra Electric Company India Pvt. Ltd. and JBS Enterprises Pvt. Ltd., among others.
Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=1287859
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on @ https://marketsizeinfo.blogspot.in/
No comments:
Post a Comment