INDIA ELECTRICAL TESTING SERVICES MARKET ANALYSIS

India Electrical Testing Services MarketSize and Trends

The India electrical testing services market was valued at USD 340.9 million in 2023 and is anticipated to witness a Compound Annual Growth Rate (CAGR) of 5.8%  from 2023 to 2030.  

Figure 1: India Electrical Testing Services Market Share (%), By Region, 2022

India Electrical Testing Services Market Trends:

Growing Demand for Electrical Safety:

In India, there has been a rising demand for electrical testing services as people are more aware of the importance of following standards and regulations and being safe around electricity. Electrical safety is becoming a top priority in both the residential and commercial sectors, which opens up more market opportunities for testing service providers. For instance the increasing recognition of the significance of electrical safety in both residential and commercial sectors has resulted in a surge in the demand for electrical testing services. This trend underscores the crucial role of upholding safe and compliant electrical systems, consequently generating market prospects for testing service providers to cater to the requirements of safety-conscious individuals and businesses.

Focus on Power Quality:

Voltage fluctuations, harmonic distortions, and imbalances in the power factor all have the potential to damage electrical equipment and cause operational issues. Power quality testing is becoming increasingly important to ensure a stable and dependable supply of electricity as businesses and industries become more reliant on sensitive electronic devices. The demand for electrical testing services that focus on power quality assessments has increased as a result of this trend. For instance the industrial sector's growing dependence on sensitive electronic equipment and the acknowledgment of power quality's crucial role in operational effectiveness have led to an increased need for electrical testing services that specifically focus on power quality assessments. This trend highlights the importance of maintaining a stable and reliable power supply, thus creating market prospects for testing service providers specializing in power quality analysis and offering appropriate solutions.