The Global Electrical
Testing Services Market
The Global Electrical Testing Services focuses
only on post-commissioning services. In the post commissioning electrical
testing services market, the equipment (transformers, circuit breakers,
protection relays and batteries) which are currently in operation in-use in end
use industries, such as power generation sector, transmission &
distribution, steel plants, major refineries and railways, have been
considered. The market refers only to the electrical testing services
(transformers testing, circuit breaker testing, protection relay testing and
battery testing) in the global market.
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XMR utilizes robust methodology and approach
to arrive at market size and related projections. The research methodology for
this report is based on 3 dimensional model. We conduct about 45-60 min
duration detailed interviews with product manufacturers; apart from this we
also collect market feedback from industry experts. To validate this data, we
interact with senior panel members having more than 10 years of experience in
relevant field. The panel members help in validating the findings and fill the
gaps if any. In addition, we leverage on our existing pool of
information, paid database and other valid information sources available in
public domain. Usually industry interactions extend to more than 50+ interviews
from market participants across the value chain.
XMR collects data
from secondary sources including company annual reports, association
publications, industry presentations, white papers, and company press releases
apart from these we leverage over paid database subscriptions and industry
magazines to collect market information and developments in exhaustive manner.
After being done with desk research, detailed questionnaire and discussion
guide is formulated to initiate primary research with key industry personnel;
the discussion aims at collecting key insights, growth perspectives, prevalent
market trends and quantitative insights including market size and competition
developments. Both of these research approaches help us in arriving at base
year numbers and market hypothesis.
phase, XMR validates the data using macro and micro economic factors.
For instance, growth in electricity consumption, industry value added, other
industry factors, economic performance, growth of top players and sector
performance is closely studied to arrive at precise estimates and refine
anomalies if any.
Data Analysis and
Data analysis and projections were made based
on proprietary research frameworks and statistical analysis, which was further
validated from industry participants. These frameworks include Y-o-Y growth
projections, macro-economic factor performance, market attractiveness analysis,
key financial ratios, and others.
For public companies we capture the data from
company website, annual reports, investor presentations, paid databases. While
for privately held companies, we try to gather information from the paid
databases (like Factiva) and based on the information we gather from databases
we estimate revenue for the companies. In addition, the team tries to establish
primary contact with the companies in order to validate the assumptions or to
gather quality inputs.
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Key Questions Answered
How the market has
performed over the past few years?
What have been the
challenges for market participants and how did they overcome them?
How has the technology
landscape evolved over the past years?
How the competitors
have performed and what have been their growth strategies?
What is the market
potential expected to look like in near future across the globe?
How to sustain and
grow market share?
What should be the
future course of action?
Where do I currently
Which are the
segments, factors, regions offering promising growth potential?
What are the trends in
the market and am I ready for them?