This report focus on Electrical Substations Testing, Engineering and Maintenance Services market. A substation is a part of an electrical generation, transmission, and distribution system. Substations transform voltage from high to low, or the reverse, or perform any of several other important functions. Between the generating station and consumer, electric power may flow through several substations at different voltage levels. A substation may include transformers to change voltage levels between high transmission voltages and lower distribution voltages, or at the interconnection of two different transmission voltages.
The global Electrical Substations Testing, Engineering and Maintenance Services market was valued at US$ 3130 million in 2023 and is anticipated to reach US$ 4265.5 million by 2030, witnessing a CAGR of 4.5% during the forecast period 2024-2030.
According to the National Bureau of Statistics, in 2022, China's power generation was 8.8 trillion kWh, with a year-on-year increase of 3.7%. And the top three power generation methods were thermal power, hydropower and wind power. The per capita electricity consumption of residents was 947 kW. In 2022, China's installed power generation capacity were about 2.56 billion kilowatts, with a year-on-year increase of 7.8%. The utilization hours of power generation equipment in power plants of 6,000 kilowatts and above in the country were 3,687 hours, with a decrease of 125 hours over the same period of the previous year. The investment in power supply engineering construction of major power generation enterprises reached 720.8 billion yuan, with a year-on-year increase of 22.8%. The investment in power grid engineering construction reached 501.2 billion yuan, with a year-on-year increase of 2.0%. According to data released by the International Energy Agency, the global economy gradually recovered in 2022. With the influence of the rising energy prices, the global electricity demand in 2022 was 26,776 billion kWh, which increased 1.9% year-on-year. The generating capacity was 28,642 billion kWh, with the increase of 1.8% year-on-year. Among them, the United States generated 42.4 billion kWh of electricity in 2022, and Japan's total electricity consumption was 989.2 billion kWh, with the 7782 kWh per capita.
This report aims to provide a comprehensive presentation of the global market for Electrical Substations Testing, Engineering and Maintenance Services, 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 Substations Testing, Engineering and Maintenance Services.
Report Scope
The Electrical Substations Testing, Engineering and Maintenance Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Substations Testing, Engineering and Maintenance Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Substations Testing, Engineering and Maintenance Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
GE Grid Solutions
Siemens
Mitsubishi Electric
Ormazabal
Toshiba
MYR Group
MVM OVIT Zrt
Apollo Power Systems Pvt .Ltd
Tekfen Construction and Installation
Trans-Africa Projects
Schneider Electric
Hyosung
Xi’an XD High Voltage
Shandong Taikai
Pinggao Electric Co., Ltd
Chint Group
UGL Pty Limited
Litwinpower Engineering Services
Power Substation Services (PSS)
Industrial Tests, Inc
Steinmetz Corporation
Segment by Type
Electrical Substations Testing
Engineering and Maintenance Services
Segment by Application
Power Transmission and Distribution
Manufacturing and Processing
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electrical Substations Testing, Engineering and Maintenance Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Electrical Substations Testing, Engineering and Maintenance Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Electrical Substations Testing
1.2.3 Engineering and Maintenance Services
1.3 Market by Application
1.3.1 Global Electrical Substations Testing, Engineering and Maintenance Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Power Transmission and Distribution
1.3.3 Manufacturing and Processing
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Electrical Substations Testing, Engineering and Maintenance Services Market Perspective (2019-2030)
2.2 Electrical Substations Testing, Engineering and Maintenance Services Growth Trends by Region
2.2.1 Global Electrical Substations Testing, Engineering and Maintenance Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Electrical Substations Testing, Engineering and Maintenance Services Historic Market Size by Region (2019-2024)
2.2.3 Electrical Substations Testing, Engineering and Maintenance Services Forecasted Market Size by Region (2025-2030)
2.3 Electrical Substations Testing, Engineering and Maintenance Services Market Dynamics
2.3.1 Electrical Substations Testing, Engineering and Maintenance Services Industry Trends
2.3.2 Electrical Substations Testing, Engineering and Maintenance Services Market Drivers
2.3.3 Electrical Substations Testing, Engineering and Maintenance Services Market Challenges
2.3.4 Electrical Substations Testing, Engineering and Maintenance Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Electrical Substations Testing, Engineering and Maintenance Services Players by Revenue
3.1.1 Global Top Electrical Substations Testing, Engineering and Maintenance Services Players by Revenue (2019-2024)
3.1.2 Global Electrical Substations Testing, Engineering and Maintenance Services Revenue Market Share by Players (2019-2024)
3.2 Global Electrical Substations Testing, Engineering and Maintenance Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Electrical Substations Testing, Engineering and Maintenance Services Revenue
3.4 Global Electrical Substations Testing, Engineering and Maintenance Services Market Concentration Ratio
3.4.1 Global Electrical Substations Testing, Engineering and Maintenance Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Electrical Substations Testing, Engineering and Maintenance Services Revenue in 2023
3.5 Electrical Substations Testing, Engineering and Maintenance Services Key Players Head office and Area Served
3.6 Key Players Electrical Substations Testing, Engineering and Maintenance Services Product Solution and Service
3.7 Date of Enter into Electrical Substations Testing, Engineering and Maintenance Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Electrical Substations Testing, Engineering and Maintenance Services Breakdown Data by Type
4.1 Global Electrical Substations Testing, Engineering and Maintenance Services Historic Market Size by Type (2019-2024)
4.2 Global Electrical Substations Testing, Engineering and Maintenance Services Forecasted Market Size by Type (2025-2030)
5 Electrical Substations Testing, Engineering and Maintenance Services Breakdown Data by Application
5.1 Global Electrical Substations Testing, Engineering and Maintenance Services Historic Market Size by Application (2019-2024)
5.2 Global Electrical Substations Testing, Engineering and Maintenance Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Electrical Substations Testing, Engineering and Maintenance Services Market Size (2019-2030)
6.2 North America Electrical Substations Testing, Engineering and Maintenance Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2019-2024)
6.4 North America Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Electrical Substations Testing, Engineering and Maintenance Services Market Size (2019-2030)
7.2 Europe Electrical Substations Testing, Engineering and Maintenance Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2019-2024)
7.4 Europe Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Electrical Substations Testing, Engineering and Maintenance Services Market Size (2019-2030)
8.2 Asia-Pacific Electrical Substations Testing, Engineering and Maintenance Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Electrical Substations Testing, Engineering and Maintenance Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Electrical Substations Testing, Engineering and Maintenance Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Electrical Substations Testing, Engineering and Maintenance Services Market Size (2019-2030)
9.2 Latin America Electrical Substations Testing, Engineering and Maintenance Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2019-2024)
9.4 Latin America Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Electrical Substations Testing, Engineering and Maintenance Services Market Size (2019-2030)
10.2 Middle East & Africa Electrical Substations Testing, Engineering and Maintenance Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Electrical Substations Testing, Engineering and Maintenance Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.1.4 ABB Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.1.5 ABB Recent Development
11.2 GE Grid Solutions
11.2.1 GE Grid Solutions Company Detail
11.2.2 GE Grid Solutions Business Overview
11.2.3 GE Grid Solutions Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.2.4 GE Grid Solutions Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.2.5 GE Grid Solutions Recent Development
11.3 Siemens
11.3.1 Siemens Company Detail
11.3.2 Siemens Business Overview
11.3.3 Siemens Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.3.4 Siemens Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 Mitsubishi Electric
11.4.1 Mitsubishi Electric Company Detail
11.4.2 Mitsubishi Electric Business Overview
11.4.3 Mitsubishi Electric Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.4.4 Mitsubishi Electric Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.4.5 Mitsubishi Electric Recent Development
11.5 Ormazabal
11.5.1 Ormazabal Company Detail
11.5.2 Ormazabal Business Overview
11.5.3 Ormazabal Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.5.4 Ormazabal Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.5.5 Ormazabal Recent Development
11.6 Toshiba
11.6.1 Toshiba Company Detail
11.6.2 Toshiba Business Overview
11.6.3 Toshiba Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.6.4 Toshiba Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.6.5 Toshiba Recent Development
11.7 MYR Group
11.7.1 MYR Group Company Detail
11.7.2 MYR Group Business Overview
11.7.3 MYR Group Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.7.4 MYR Group Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.7.5 MYR Group Recent Development
11.8 MVM OVIT Zrt
11.8.1 MVM OVIT Zrt Company Detail
11.8.2 MVM OVIT Zrt Business Overview
11.8.3 MVM OVIT Zrt Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.8.4 MVM OVIT Zrt Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.8.5 MVM OVIT Zrt Recent Development
11.9 Apollo Power Systems Pvt .Ltd
11.9.1 Apollo Power Systems Pvt .Ltd Company Detail
11.9.2 Apollo Power Systems Pvt .Ltd Business Overview
11.9.3 Apollo Power Systems Pvt .Ltd Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.9.4 Apollo Power Systems Pvt .Ltd Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.9.5 Apollo Power Systems Pvt .Ltd Recent Development
11.10 Tekfen Construction and Installation
11.10.1 Tekfen Construction and Installation Company Detail
11.10.2 Tekfen Construction and Installation Business Overview
11.10.3 Tekfen Construction and Installation Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.10.4 Tekfen Construction and Installation Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.10.5 Tekfen Construction and Installation Recent Development
11.11 Trans-Africa Projects
11.11.1 Trans-Africa Projects Company Detail
11.11.2 Trans-Africa Projects Business Overview
11.11.3 Trans-Africa Projects Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.11.4 Trans-Africa Projects Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.11.5 Trans-Africa Projects Recent Development
11.12 Schneider Electric
11.12.1 Schneider Electric Company Detail
11.12.2 Schneider Electric Business Overview
11.12.3 Schneider Electric Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.12.4 Schneider Electric Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.12.5 Schneider Electric Recent Development
11.13 Hyosung
11.13.1 Hyosung Company Detail
11.13.2 Hyosung Business Overview
11.13.3 Hyosung Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.13.4 Hyosung Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.13.5 Hyosung Recent Development
11.14 Xi’an XD High Voltage
11.14.1 Xi’an XD High Voltage Company Detail
11.14.2 Xi’an XD High Voltage Business Overview
11.14.3 Xi’an XD High Voltage Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.14.4 Xi’an XD High Voltage Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.14.5 Xi’an XD High Voltage Recent Development
11.15 Shandong Taikai
11.15.1 Shandong Taikai Company Detail
11.15.2 Shandong Taikai Business Overview
11.15.3 Shandong Taikai Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.15.4 Shandong Taikai Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.15.5 Shandong Taikai Recent Development
11.16 Pinggao Electric Co., Ltd
11.16.1 Pinggao Electric Co., Ltd Company Detail
11.16.2 Pinggao Electric Co., Ltd Business Overview
11.16.3 Pinggao Electric Co., Ltd Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.16.4 Pinggao Electric Co., Ltd Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.16.5 Pinggao Electric Co., Ltd Recent Development
11.17 Chint Group
11.17.1 Chint Group Company Detail
11.17.2 Chint Group Business Overview
11.17.3 Chint Group Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.17.4 Chint Group Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.17.5 Chint Group Recent Development
11.18 UGL Pty Limited
11.18.1 UGL Pty Limited Company Detail
11.18.2 UGL Pty Limited Business Overview
11.18.3 UGL Pty Limited Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.18.4 UGL Pty Limited Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.18.5 UGL Pty Limited Recent Development
11.19 Litwinpower Engineering Services
11.19.1 Litwinpower Engineering Services Company Detail
11.19.2 Litwinpower Engineering Services Business Overview
11.19.3 Litwinpower Engineering Services Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.19.4 Litwinpower Engineering Services Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.19.5 Litwinpower Engineering Services Recent Development
11.20 Power Substation Services (PSS)
11.20.1 Power Substation Services (PSS) Company Detail
11.20.2 Power Substation Services (PSS) Business Overview
11.20.3 Power Substation Services (PSS) Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.20.4 Power Substation Services (PSS) Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.20.5 Power Substation Services (PSS) Recent Development
11.21 Industrial Tests, Inc
11.21.1 Industrial Tests, Inc Company Detail
11.21.2 Industrial Tests, Inc Business Overview
11.21.3 Industrial Tests, Inc Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.21.4 Industrial Tests, Inc Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.21.5 Industrial Tests, Inc Recent Development
11.22 Steinmetz Corporation
11.22.1 Steinmetz Corporation Company Detail
11.22.2 Steinmetz Corporation Business Overview
11.22.3 Steinmetz Corporation Electrical Substations Testing, Engineering and Maintenance Services Introduction
11.22.4 Steinmetz Corporation Revenue in Electrical Substations Testing, Engineering and Maintenance Services Business (2019-2024)
11.22.5 Steinmetz Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ABB
GE Grid Solutions
Siemens
Mitsubishi Electric
Ormazabal
Toshiba
MYR Group
MVM OVIT Zrt
Apollo Power Systems Pvt .Ltd
Tekfen Construction and Installation
Trans-Africa Projects
Schneider Electric
Hyosung
Xi’an XD High Voltage
Shandong Taikai
Pinggao Electric Co., Ltd
Chint Group
UGL Pty Limited
Litwinpower Engineering Services
Power Substation Services (PSS)
Industrial Tests, Inc
Steinmetz Corporation
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*If Applicable.