Power Electronic Testing Market Size Worth USD 13.42 Billion by 2034 | CAGR: 8.4%

The power electronic testing market size is expected to reach USD 13.42 billion by 2034, according to a new study by Polaris Market Research. The report “Power Electronic Testing Market Share, Size, Trends, Industry Analysis Report By Provision Type (Test Instruments and Equipment, Professional Testing Services), By Device Type, By End Use, By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Power electronic testing is a critical quality assurance process that ensures the stability, efficiency, and compliance of electronic systems operating under dynamic power conditions. The rising complexity of power electronic architectures, particularly in systems requiring higher switching frequencies, compact designs, and wide-bandgap semiconductor integration, boosts market demand. This trend highlights the growing importance of advanced testing methodologies that can simulate real-world electrical stress and thermal behavior to validate performance across varied application environments. Accurate testing is vital to avoid system failures and maintain operational reliability as devices become smaller yet more powerful.

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The increasing focus on automated and software-defined testing frameworks contributes to the growth opportunities. Manufacturers are adopting automated solutions that offer faster diagnostics, better repeatability, and integration with digital design tools, with shorter product development cycles and the need for high-throughput validation. This shift streamlines the testing workflow and improves the accuracy and traceability of test data, facilitating quicker decision-making in both R&D and production. Together, these trends are driving the evolution of the power electronic testing landscape toward more intelligent, efficient, and scalable solutions.

Top of FormPower Electronic Testing Market Report Highlights

• In terms of provision type, the test instruments & equipment segment accounted for a larger market revenue share in 2024, driven by growing demand for precision testing hardware to verify power electronics accuracy, safety, and regulatory compliance.
• Based on end use, the automotive and mobility solutions segment is projected to grow the fastest during the forecast period, fueled by transportation electrification trends and widespread adoption of advanced driver-assistance systems (ADAS) in vehicles.
• Asia Pacific led global revenue share in 2024, supported by robust manufacturing infrastructure and accelerated innovation in power electronics technologies.
• The North America power electronic testing market is anticipated to experience substantial growth during the forecast period, attributed to high R&D spending, strict regulatory standards, and increasing industry requirements for energy-efficient, reliable power systems.
• A few global key market players include Advantest Corporation; AMETEK Programmable Power Inc.; Bureau Veritas; Chroma ATE Inc.; DEKRA; DNV GL; Intertek Group plc; Keysight Technologies; National Instruments Corporation; Rohde & Schwarz; SGS SA; TEKTRONIX, INC.; Teradyne Inc.; TÜV Rheinland; and TÜV SÜD.

Polaris Market Research has segmented the power electronic testing market report on the basis of provision type, device type, end use, and region:

By Provision Type Outlook (Revenue, USD Billion, 2020–2034)

• Test Instruments and Equipment
• Professional Testing Services

By Device Type Outlook (Revenue, USD Billion, 2020–2034)

• Individual Power Provision Types
• Multi-Device Modules
• Power Management ICs

By End Use Outlook (Revenue, USD Billion, 2020–2034)

• Industrial Automation and Machinery
• Automotive and Mobility Solutions
• Information & Communication Technology (ICT)
• Consumer Electronics and Devices
• Renewable Power and Utility Networks
• Aerospace and Defense Applications
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America