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Pulished Date February, 2020
ID: 8428
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Cable Testing and Certification Market by Voltage (High, Medium and Low), Test (Type Test, Routine Test, and Sample Test), End-User (Utility Providers and Cable Manufacturers) and Region( Latin America, North America, Asia Pacific, Europe, Middle East and Africa) - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2020–2025)

Pulished: February, 2020
ID: 8428
Pages: 170

Cable Testing and Certification Market Report Description:

Electricity has become an integral part of modern life, so much so that even a power cut of a few hours brings many modern activities to a standstill. This essential amenity is transported using conductive cables that carry electricity over extremely large distances. These cables need to be electrically insulated from outside to prevent fatal accidents and ensuring the quality standards for these cables fall on to the cable testing and certification sector.

Cable Testing and Certification Market Value and Growth

Cable Testing and Certification Market is valued at USD 11.45 billion in 2020 and is projected to grow at a Compound Annual Growth Rate (CAGR) of  5.3 % during the forecast period to a net market size of  USD 14.83 billion in 2025.

Cable Testing and Certification Market  Drivers and Restraints of Market

Because of the serious risk of fatalities due to any mistakes in the manufacture of cables, they need to be tested by third parties for production and design flaws to ensure quality control. So every batch of cables that goes into the market needs to be thoroughly tested by certifying authorities. As the population of the world increases more and more households need to be supplied with electricity and hence more cables are needed. So the mere rise in population in middle income and high-income countries drives the market for cable testing and certification. With the increase in the net available disposable income in the developing world more and more houses are being built and purchased. Other infrastructure like hospitals, schools, factories, and commercial buildings are also being added. This rise in construction activity has lead to an increase in electricity production and hence cable usage. The increasing urbanization and industrialization of Asian nations is one of the key factors driving the growth of the sector.  With China and India projected to increase their power output by 60-80% during the forecast period the market for cable testing and certification seems to be extremely promising.

With many developing countries routinely ignoring the effective enforcement of proper testing protocols, many cable manufacturers are skipping the step of cable certification. This has created a scenario where substandard cables have been sold to unsuspecting customers. Lack of strict oversight by many governments is hurting the potential of the market. Increasing labor charges are adding to the woes of the market.

Cable Testing and Certification Market Segmentation

The cable testing and certification market can be classified into High, Medium and Low based on the Voltage capacity of the cables. The high voltage cables are used to transport electricity for extremely large distances. With these cables covering thousands of kilometers, they are the most widely used class of wiring. For that reason the market for the testing and certification of high voltage cables is the largest and is projected to keep the top spot in the upcoming years.

High Voltage segment was the largest in the year 2020 and is anticipated to retain the top spot during the analysis period.

The market can be divided by the type of test into Type Test, Routine Test, and Sample Test. The segment of Routine test is the largest among all the tests. Tests like high voltage test (hi-pot test), conductor resistance test, copper wire screen resistance test, insulation resistance test, dimensional tests, and partial discharge test are included in this category.

Routine Test was the largest segment in 2020.

By the End-User the market for cable testing and certification is segregated into Utility Providers and Cable Manufacturers. Most of the testing and certification is done by the cable manufacturers them self as the onus of providing third party verification largely falls on them due to various governmental regulations. Despite some testing being carried out by Utility Providers, the volume of their activity is comparatively smaller.

Cable Manufacturers largest market for Cable Testing and Certification and are expected to keep the top spot during the period of 2020-2025.

By region, the Global Cable Testing and Certification Market can be broken down into Latin America, North America, Asia Pacific, Europe, Middle East and Africa. The Asia Pacific with its huge population and rapidly growing economies was already the largest market for cable testing and certification as of 2020. Countries like India, China, Thailand, Vietnam, Indonesia and Malaysia are projected to grow at very high rates in the forthcoming years, because of this the Asia Pacific market is also projected to grow at the highest CAGR during the forecast period.

The Asia Pacific Market was the largest market for cable testing and certification in 2020 and is anticipated to grow faster than all other regions of the world during 2020-2025.

Cable Testing and Certification Market Key Players

Some of the major players in the Global Cable Testing and Certification Market are

Central Power Research Institute (India),

Central Power Research Institute is an autonomous body operating under the purview of the Ministry of Power of the Indian government. It acts as an independent research, testing and certification center for the electrical industry. It was set up in 1960 and employs over 300 highly skilled and experienced engineers and scientists besides other support staff.

Cable Testing and Certification MarketResearch Report Key Highlights

  • This report gives a brief description of the Cable Testing and Certification market and provides a glimpse into what would be covered in the full report.
  • Growth, Drivers & Restrictions, Market Segmentation, and Key players are covered in this Report Description.
  • This report description provides a rough estimate of what the complete report contains and the final report can be customized according to the client's needs and specifications.
  • This could be potentially useful for institutions that are already in the field of testing and certification but want to increase their customer base and also to new players thinking of stepping to the sector.

Cable Testing and Certification Market Research Methodology:

The research of the Cable Testing and Certification Market takes place in two phases namely-

  • Primary ResearchThis entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps.
  • A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market.
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
  • Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

 

 

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Voltage                       

                              5.1.1 Introduction           

                              5.1.2 High          

                              5.1.3 Medium    

                              5.1.4 Low           

                              5.1.5 Y-o-Y Growth Analysis, By Voltage 

                              5.1.6 Market Attractiveness Analysis, By Voltage

                              5.1.7 Market Share Analysis, By Voltage

               5.2 Test              

                              5.2.1 Introduction           

                              5.2.2 Type Test 

                              5.2.3 Routine Test          

                              5.2.4 Sample Test           

                              5.2.5 Y-o-Y Growth Analysis, By Test       

                              5.2.6 Market Attractiveness Analysis, By Test      

                              5.2.7 Market Share Analysis, By Test       

               5.3 Application                 

                              5.3.1 Introduction           

                              5.3.2 Utility Providers    

                              5.3.3 Cable Manufacturers          

                              5.3.4 Y-o-Y Growth Analysis, By Application         

                              5.3.5 Market Attractiveness Analysis, By Application        

                              5.3.6 Market Share Analysis, By Application         

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Product

                                             6.1.3.3 By Type

                                             6.1.3.4 By Application

                                             6.1.3.5 By Indication

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Product

                                             6.1.4.3 By Type

                                             6.1.4.4 By Application

                                             6.1.4.5 By Indication

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Product

                                             6.1.5.3 By Type

                                             6.1.5.4 By Application

                                             6.1.5.5 By Indication

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Central Power Research Institute                     

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 DEKRA                         

               8.3 TÜV NORD GROUP                  

               8.4 TÜV Rheinland                         

               8.5 SGS               

               8.6 Bureau Veritas                         

               8.7 Intertek                       

               8.8 British Approvals Service for Cables                 

               8.9 BRE Global                 

               8.10 Underwriters Laboratories                

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by Voltage ,by end user , by region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Cable Testing and Certification Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cable Testing and Certification Market By Voltage, From 2020-2025 ( USD Billion )
  3. Global High Market By Region, From 2020-2025 ( USD Billion )
  4. Global Medium Market By Region, From 2020-2025 ( USD Billion )
  5. Global Low Market By Region, From 2020-2025 ( USD Billion )
  6. Global Cable Testing and Certification Market By Test, From 2020-2025 ( USD Billion )
  7. Global Type Test Market By Region, From 2020-2025 ( USD Billion )
  8. Global Routine Test Market By Region, From 2020-2025 ( USD Billion )
  9. Global Sample Test Market By Region, From 2020-2025 ( USD Billion )
  10. Global Cable Testing and Certification Market By End-User, From 2020-2025 ( USD Billion )
  11. Global Utility Providers Market By Region, From 2020-2025 ( USD Billion )
  12. Global Cable Manufacturers Market By Region, From 2020-2025 ( USD Billion )

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