- Summary
- Table Of Content
- Methodology
Power Electronic Testing Market Size:
Power Electronic Testing Market size is estimated to reach over USD 12.73 Billion by 2032 from a value of USD 6.05 Billion in 2024 and is projected to grow by USD 6.53 Billion in 2025, growing at a CAGR of 10.82% from 2025 to 2032.
Power Electronic Testing Market Scope & Overview:
Power electronic testing involves evaluating the performance, efficiency, and reliability of power conversion systems under various operational conditions. Additionally, the testing is crucial for ensuring the safety, reliability, and efficiency of power electronic devices in diverse applications such as automotive, consumer electronics, and industries among others which in turn is drives the power electronic testing market growth. Moreover, the key advantages of adopting testing services include early fault detection, improved reliability, enhanced safety, reduced downtime, and more which in turn is boosting the power electronic testing market demand. Further, the rising focus on product development, quality control, and compliance with industry standards and regulations is driving the adoption of power electronic testing industry.
Power Electronic Testing Market Dynamics - (DRO) :
Key Drivers:
Surging Adoption of Electric vehicles is Boosting Market Growth for Power Electronic Testing
The shift towards a more sustainable mobility solution is driving the demand for electric vehicles which in turn is propelling the power electronic testing market demand. The power electronics systems in the vehicle including battery management systems, motors, and others require testing to ensure performance, safety, and reliability which in turn is boosting the power electronic testing market growth.
- For instance, according to IEA, Sales exceeded 17 million globally in 2024 with EVs’ share of above 20% paving the way for a rising electric vehicle adoption rate.
Therefore, the rising adoption of electric vehicles is driving the need for power electronic testing, in turn proliferating the growth of the market.
Key Restraints:
High Cost of Advanced Testing is Restraining the Market Growth
The advancement of power electronics incurs huge costs for testing the equipment which is a significant barrier to entry for many companies in turn hindering the power electronic testing market expansion. Additionally, the advanced testing requires dedicated laboratory space and infrastructure with climate-controlled environments and high-power electrical connections. Further, advanced testing requires specialized knowledge and expertise to operate the equipment, interpret results, and troubleshoot issues.
Therefore, the high costs of advanced testing are hindering the power electronic testing market expansion.
Future Opportunities :
AI-driven Testing is Expected to Promote Potential Opportunities for Market Growth
Power electronic testing is revolutionized with the integration of artificial intelligence (AI) for enabling automation in testing which in turn allows faster diagnostics, reduced human error, and more. Additionally, AI algorithms help to detect anomalies in real-time during testing processes which in turn is paving the way for power electronic testing market opportunities.
- For instance, in February 2025, Rohde & Schwarz collaborated with NVIDIA for the development of AI-driven wireless communication research by leveraging digital twin technology for testing 5G and 6G receivers under realistic propagation conditions.
Hence, the rising adoption of AI-driven testing is anticipated to increase the utilization in turn promoting prospects for power electronic testing market opportunities during the forecast period.
Power Electronic Testing Market Segmental Analysis :
By Offering:
Based on the offering, the market is bifurcated into equipment and service.
Trends in the Offering:
- The rising need for third-party certification and compliance is driving the demand for services segment which in turn is fueling the power electronic testing market trends.
- The increasing focus on miniaturization of power equipment is driving the power electronic testing market trends.
Equipment accounted for the largest revenue share in the year 2024.
- The equipment segment comprises of automated test equipment, oscilloscopes, signal generators, multimeters, and others which play a key role in driving the power electronic testing market share.
- Additionally, the rising demand for reliable, accurate, and high-speed testing equipment is boosting the power electronic testing market share.
- Further, the testing equipment is increasingly being adopted in automotive, energy & power, consumer electronics, and other sectors due to the rising need for customized testing equipment.
- Furthermore, the proliferation of SiC and GaN power devices which in turn requires high-frequency testing equipment fuels the market development.
- Thus, according to the power electronic testing market analysis, the proliferation of SiC and GaN power devices as well as the rising demand for reliable, accurate and high-speed testing equipment is driving the market progress.
Service segment is anticipated to register the fastest CAGR during the forecast period.
- The services segment encompasses a wide range of tests such as electromagnetic compatibility (EMC) testing, electrical safety testing, radio frequency (RF) testing, energy efficiency testing, functional testing, environmental testing, reliability testing, performance testing, and others.
- Additionally, the proliferation of a service-based model aiming to reduce capital expenditure and gain access to high-end equipment is driving the adoption of the services segment which in turn fuels the power electronic testing market size.
- Further, the increasing use of power electronics in electric vehicles (EVs), renewable energy systems, and industrial automation is boosting the adoption of the services segment which in turn fuels the power electronic testing market size.
- Therefore, according to the power electronic testing market analysis, the increasing use of power electronics in electric vehicles (EVs), renewable energy systems, and industrial automation is anticipated to boost the market during the forecast period.
By Device Type:
Based on the device type, the market is segmented into power discrete devices, power modules, and power IC.
Trends in the Device Type:
- The trend towards need for power management ICs for battery-operated devices is driving the market progress.
- The trend toward rising adoption of automated test setups in high production lines is driving the need for into power discrete devices.
Power Discrete Devices accounted for the largest revenue share of 46.24% in the year 2024.
- Power discrete devices comprise of diodes, MOSFET, and IGBTs among others which are the fundamental part of power electronics.
- Power discrete devices are majorly utilized in applications such as automotive, consumer electronics, and others.
- Further, the rising demand of solutions for high-performance and high-voltage applications is driving the adoption of power discrete devices.
- For instance, in February 2025, SemiQ Inc., launched QSiC 1200V MOSFET which shrinks the die size while improving switching speeds and efficiency. The device is designed for applications in EV charging stations, solar inverters, and others.
- Thus, as per the market analysis, the rising need of solutions for high-performance and high-voltage applications is driving the market progress.
Power Modules is anticipated to register the fastest CAGR during the forecast period.
- Power modules are essential for converting electrical power from one form to another, enabling the operation of diverse electronic devices and systems.
- Additionally, the proliferation of EVs is driving the need for electric vehicle battery management systems which in turn requires high-reliability modules.
- Further, the increasing need for electricity, particularly in transportation (EVs) and renewable energy boosts the need for power modules.
- Therefore, as per the market analysis, the proliferation of EVs is anticipated to boost the market during the forecast period.
By End User:
Based on the end user, the market is segmented into automotive, consumer electronics, aerospace & defence, power, ICT, and others.
Trends in the End User:
- The trend towards miniaturization of electronic components in the consumer electronics sector is driving the market adoption.
- The trend toward 5G infrastructure expansion is driving the adoption of the market.
Automotive accounted for the largest revenue share in the year 2024.
- Electronic equipment in the automotive sector requires rigorous and continuous testing to enhance the safety, reliability, and performance of power electronics.
- Further, the proliferation of electric vehicles and hybrid vehicles is driving the market development.
- For instance, in May 2025, Yokogawa test & measurement launched SL2000 which is a high-speed data acquisition unit designed for evaluation and test needs in the automotive, mechatronics, and power electronics fields.
- Thus, as per the market analysis, the proliferation of electric vehicles and hybrid vehicles is driving the market development.
Power is anticipated to register the fastest CAGR during the forecast period.
- The testing system is crucial for ensuring the reliability and performance of solar power plants, wind power plants, and electric vehicle charging systems.
- Additionally, the increasing focus on grid resilience is driving market adoption in the power industry.
- Further, the rapid growth of renewable energy systems and smart grid infrastructure is driving the adoption of power converters and storage systems among others which in turn is driving the market progress.
- Therefore, as per the market analysis, the rapid evolution of renewable energy systems and smart grid infrastructure is anticipated to boost the market during the forecast period.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 1.56 Billion in 2024. Moreover, it is projected to grow by USD 1.69 Billion in 2025 and reach over USD 3.38 Billion by 2032. Out of this, China accounted for the maximum revenue share of 34.64%. The market progress is mainly driven by its deployment in consumer electronics, automotive, and other industries. Furthermore, factors including increasing industrial automation as well as growing electronics and semiconductor industries are projected to drive the market progress in Asia Pacific region during the forecast period.
- For instance, According to IBEF, Tata Passenger Electric Mobility collaborated with the Rajasthan Solar Association for the promotion of electric vehicles and the use of solar energy for EV charging in Rajasthan, India.
North America is estimated to reach over USD 4.88 Billion by 2032 from a value of USD 2.29 Billion in 2024 and is projected to grow by USD 2.48 Billion in 2025. The North American region's growing EV infrastructure offers lucrative growth prospects for the market. Additionally, the rising renewable energy initiatives and rising adoption of testing equipment in aerospace & defence sector are driving the market progress.
The regional analysis depicts that stringent regulatory standards and push towards green energy are driving the market in Europe. Additionally, the key factor driving the market is the growing investments in infrastructure modernization, and the rising solar projects are propelling the market adoption in the Middle East and African region. Further, the increased focus on factory automation and smart manufacturing is paving the way for the progress of the market in the Latin America region.
Top Key Players and Market Share Insights:
The global power electronic testing market is highly competitive with major players providing solutions to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end user launches to hold a strong position in the power electronic testing industry. Key players in the power electronic testing market include-
- SGS SA (Switzerland)
- Chroma ATE Inc. (Taiwan)
- TÜV SÜD (Germany)
- Testilabs Oy (Finland)
- Teradyne Inc. (USA)
- Bureau Veritas (France)
- Rohde & Schwarz (Germany)
- ABB (Switzerland)
- National Instruments Corp. (USA)
- Advantest Corporation
Recent Industry Developments :
Product launches
- In April 2025, Yokogawa Test & Measurement Corporation launched AQ23211A and AQ23212A which is a multi-application test system designed for applications in manufacturers of semiconductor devices and optical components such as optical fibers.
Mergers & Acquisitions
- In January 2024, Tektronix acquired EA Elektro-Automatik. The acquisition aims to leverage the high-power electronic testing solutions of EA Elektro-Automatik for catering to clients focusing on the electrification of world.
Power Electronic Testing Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 12.73 Billion |
| CAGR (2025-2032) | 10.82% |
| By Offering |
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| By Device Type |
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| By End User |
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| By Region |
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| Key Players |
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| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
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