Electrical testing services ensure the safety, performance, quality, and reliability of electrical systems, wiring, and components. They identify design faults, installation issues, and other technical problems in electrical infrastructure and appliances. The demand for such services is increasing in India owing to rapid industrialization, infrastructural growth, and the need for safety assurance. Electrical accidents caused by faulty wiring or equipment can risk human life and cause financial losses to organizations. Electrical testing and certification helps prevent such mishaps by detecting defects during manufacturing, commissioning, and maintenance stages.
The global India Electrical Testing Services Market is estimated to be valued at US$ 500 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 growth of the India electrical testing services market is accelerated by the rising demand from the manufacturing sector. Industrial units rely heavily on complex electrical systems for operating machinery and equipment. With expanding manufacturing activities in sectors such as automotive, chemicals, electronics, pharmaceuticals, stringent quality and safety norms are compelling companies to outsource electrical testing services. Independent third-party testing helps manufacturers comply with statutory requirements and obtain necessary certification marks. It also aids in facilitating domestic and international trade by removing technical barriers. Thus, the rapid growth of the Indian manufacturing industry augurs well for the electrical testing services providers over the coming years.
Segment Analysis
The India electrical testing services market is dominated by the manufacturing segment. Within this segment, the electronic and electrical equipment sub-segment holds the major share owing to stringent government regulations regarding safety compliance testing of various electronic goods prior to distribution and sale. The segment experiences high demand for testing services from manufacturers of consumer electronics, industrial electronics, medical devices, automobiles, and other applications to obtain necessary certification and quality assurance.
Key Takeaways
The India Electrical Testing Services Market Demand is expected to witness high growth over the forecast period of 2024 to 2031 driven by rising investments in the manufacturing sector, rapid urbanization, and growing focus on public safety and quality control. The global India Electrical Testing Services Market is estimated to be valued at US$ 500 million in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Regional analysis: The southern region holds the dominant share currently primarily due to the presence of large manufacturing hubs in states like Tamil Nadu and Karnataka. The western region, with developed automotive and engineering industries centered around major cities such as Mumbai and Pune, follows next in terms of market size. Both these regions are likely to continue leading over the forecast timeframe as well aided by supportive government policies and strengthening industrial infrastructure.
Key players: Key players operating in the India electrical testing services market include SGS India, TUV Rheinland, TUV SUD Indai, Bureau Veritas, DEKRA, and Applus+. SGS India has emerged as the clear leader owing to its widespread service network and leadership across various testing verticals including electrical safety, EMC testing, and fire safety. TUV Rheinland and TUV SUD Indai have also strengthened their presence significantly by offering niche capabilities in areas such as explosion protection certification and off-grid solar product testing.
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