Global Cable Testing Market: Introduction
The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any downtime. The signs of a faulty cable include cracks in the insulation, corrosion on the copper, or moisture on the cables. Cable faults create disruption and cost money, hence, there is high demand for cable testing to ensure that the joints and cables are in good condition and to locate the faults in cables quickly.
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A wide range of test equipment and test techniques are available in the market for cable testing. However, cable testing is not an easy task. For all those involved in energy distribution, cable testing is a vital concern to predict as well as deal with cable faults. As per the international standards there are variety of offline and online cable testing and monitoring solutions to detect the cable faults. With cable testing, one can ensure the extended service life and the reliable operation of cables & cable accessories. The testing of newly laid cables is performed to reveal any faults arising from installation or transportation.
Global Cable Testing Market: Dynamics
The increasing usage of cables due to an increase in the generation of electricity is one of the key factors driving the cable testing market. Growing urbanisation and industrialisation are also significant factors that are expected to boost the cable testing market during the forecast period. Cable testing is substantially less costly as compared to changing the cabling in the future, thus, cost effectiveness is another significant factor contributing to the growth of the cable testing market over the projected period. Furthermore, the rising demand for high-voltage cables by various end users is also estimated to fuel the growth of the cable testing market. Moreover, growth in IT industries and global electronics is supporting the growth of the cable testing market during the forecast period. However, harmful effects caused while conducting few cable tests is restraining the growth of the cable testing market. High testing and certification lead time is another significant factor hindering the growth of the cable testing market.
Global Cable Testing Market: Segmentation
The global cable testing market can be segmented on the basis of voltage, test, end-user, and region.
Cable testing market, by voltage
- Low voltage
- Medium voltage
- High voltage
Cable testing market, by test
Cable testing market, by end user
- Cable Manufacturers
- Utility Providers
Global Cable Testing Market: Competition Landscape
Some of the key vendors in the cable testing market are OMICRON electronics GmbH, Megger Group Limited, Intertek Group plc, Dekra, Bureau Veritas S. A., British Approvals Service for Cables, Industrial Tests, Eurofins Scientific, Central Power Research Institute, North Central Electric, and KEMA Laboratories.
In December 2017, Underwriters Laboratories signed a Memorandum of Agreement (MOA) with Korea Testing Certification, a service provider of testing and certification in South Korea. Under this agreement, the Korea Testing Certification (KTC) will provide training to the KTC staff on the Underwriters Laboratories standards.
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Global Cable Testing Market: Regional Outlook
Geographically, the cable testing market can be segmented into North America, Western Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan, Eastern Europe, and Middle East & Africa (MEA).
Asia Pacific is expected to dominate the cable testing market owing to growth in the consumption and production of cables in countries such as India, Australia, China, Japan, and South Korea. The growing urbanisation and industrialisation in this region is expected to drive the cable testing market. The region has emerged as the largest consumer of cable testing.
This post was originally published on Market Reports