by Electrical testing services help verify that electrical products operate as intended without posing safety hazards. They test a wide range of electrical goods including appliances, batteries, cables, switchgear, and wiring systems to check for defects, measure performance standards, and ensure compliance with regulatory guidelines. This is important given the proliferation of electrical gadgets and rising concerns around product quality and public safety.
The global India Electrical Testing Services Market is estimated to be valued at US$ 200 million in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing need for ensuring product safety is driving demand for electrical testing services in India. With the country witnessing rapid urbanization and economic growth, consumption of consumer electronics and appliances has increased exponentially. However, substandard and counterfeit products which do not conform to safety regulations also find their way into the market. This exposes consumers to Potential electrical hazards. Strict implementation of quality certifications and mandatory testing standards by regulatory bodies are aiming to address this issue. Various testing techniques such as dielectric strength testing, insulation testing, earth continuity testing etc. are being utilized to check electrical integrity and issue safety certifications. The market is expected to grow further with rising investments in infrastructure projects and strengthening of regulatory norms pertaining to electrical safety in India.
SWOT Analysis
Strength: Electrical testing services help ensure electrical safety and quality control. They aid in identifying potential issues.
Weakness: The industry faces shortage of skilled workforce. Delays in project approval and clearances also affect growth.
Opportunity: Rapid urbanization and infrastructure development offer immense scope. Renewable energy sector will spur demand.
Threats: Unorganized local players providing services at low costs pose competition. Economic slowdowns impact investments.
Key Takeaways
The Global India Electrical Testing Services Market Size is expected to witness high growth. Widespread industrialization and investments in infrastructure projects will drive the Indian market. Rapid economic development accompanied by government initiatives for ‘Make in India’ and ‘Smart Cities’ augur well. The global India Electrical Testing Services Market is estimated to be valued at US$ 200 million in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Regional analysis: The western and southern regions dominate India’s electrical testing services market currently. Maharashtra, Gujarat, Tamil Nadu and Karnataka account for over 60% share due to concentration of industries. However, northern and eastern states are growing at a brisk pace on account of infrastructure push under various development schemes.
Key players: Key players operating in the India Electrical Testing Services Market are Electrokennex, ETL Solar, TUV Rheinland, Inel Power System Engineers Pvt Ltd, Technomark Engineers India, Voltech Group, Chasma Labs, Field Diagnostic Services Pvt Ltd, HVL Services. They have widespread networks and technologically advanced equipment to handle diverse testing requirements pan-India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
