-- Enhanced production of steel, regular testing of electrical equipment to control breakdowns and growing electrification of railway lines are some of the major factors fueling the market. However, lack of government regulations is likely to affect the growth of market.
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Amongst service type, transformer testing service segment is anticipated to remain the most lucrative market throughout the forecast period due to rising acceptance of outsource services during Site Acceptance Testing (SAT). By end user, railways segment held the largest market share which can be attributed to increasing electrification of the railway network.
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Some of the key players in the market include Voltech Group, Ultra Electric Company India Pvt. Ltd., Technomark Engineers India Pvt. Ltd., Rulka Electricals Pvt. Ltd., Powertest Asia Pvt. Ltd., JBS Enterprises Pvt. Ltd., Inser Hitech Engineers Pvt. Ltd. and Inel Power System Engineers Pvt. Ltd.
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Service Types Covered:
• Circuit Breaker Testing
• Battery Testing
• Transformer Testing
• Protection Testing
End Users Covered:
• Railways
• Transmission and Distribution
• Steel Plants
• Major Refineries
• Power Generation Stations
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Release ID: 233551
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