Market Executive Summary

Electrical safety testing involves verifying that electrical equipment and installations meet safety standards set forth in various codes and regulations such as OSHA and NFPA. This includes testing the functionality and operation of protective systems such as ground fault circuits interrupt (GFCI), arc flash hazard mitigation measures, surge protection devices, overcurrent protection devices, and other equipment intended to prevent fires and electric shock.

The global market for Electrical Safety Testing was estimated to be worth US$ 7200 million in 2023 and is forecast to a readjusted size of US$ 11780 million by 2030 with a CAGR of 7.3% during the forecast period 2024-2030.

The growth of this market is being driven by the increasing demand for electrical safety testing services in a variety of industries, such as manufacturing, construction, and healthcare.

Electrical safety testing is the process of evaluating the safety of electrical equipment and systems. It is conducted to ensure that electrical equipment and systems meet safety standards and do not pose a risk of electrical shock or fire.

The key drivers of the electrical safety testing market include:

Increasing demand for electrical safety testing services: The increasing demand for electrical safety testing services is being driven by the increasing number of electrical accidents and the growing awareness of the importance of electrical safety.

Stringent government regulations: Stringent government regulations in a number of countries are mandating electrical safety testing for electrical equipment and systems.

Growing adoption of new technologies: The growing adoption of new technologies, such as smart grids and electric vehicles, is increasing the demand for electrical safety testing.

The key challenges faced by the electrical safety testing market include:

High cost: Electrical safety testing can be a costly process, which could limit its adoption in some markets.

Lack of skilled technicians: There is a shortage of skilled technicians who can conduct electrical safety testing. This could slow the growth of the market.

Lack of awareness: There is a lack of awareness about the importance of electrical safety testing among businesses and consumers. This could slow the growth of the market.

Overall, the global electrical safety testing market is expected to grow at a significant CAGR during the forecast period. The growth of this market is being driven by the increasing demand for electrical safety testing services, stringent government regulations, and the growing adoption of new technologies.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electrical Safety Testing, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Electrical Safety Testing by region & country, by Type, and by Application.

The Electrical Safety Testing market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Safety Testing.

Market Segmentation

Global Electrical Safety Testing Companies Covered

Intertek, TUV SUD, Eurofins, Applus+ Laboratories, DEKRA Certification, NTS Inc, UL, QAI Laboratories, FORCE Technology, Bureau Veritas, LabTest Certification, Nemko, SGS, EMC Technologies, STERIS, Megger, Ikonix USA, ServiceFM, Austest Laboratories, Independent Test Laboratories, Citation, Setsco, JM Test Systems, Vipac, Kinectrics, Elite, Spectrum Laboratories, I3CGLOBAL, TechSafe, TÜRCERT

Global Electrical Safety Testing Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Electrical Safety Testing Market, Segment by Type

Fixed Equipment Testing

Portable Equipment Testing

Global Electrical Safety Testing Market, Segment by Application

Automotive Industrial

Household Appliances

Medical Equipment

Industrial Manufacture

Others

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Electrical Safety Testing manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Revenue of Electrical Safety Testing in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Revenue of Electrical Safety Testing in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.