The Global Power Electronic Testing Market size is expected to reach $11.01 billion by 2032, rising at a market growth of 8.3% CAGR during the forecast period.
The automotive & mobility solutions segment is at the forefront of the power electronic testing market, propelled by the rapid shift toward electric vehicles (EVs), hybrid electric vehicles (HEVs), and next-generation mobility platforms. Power electronic components such as inverters, DC-DC converters, onboard chargers, and battery management systems are essential to vehicle performance and safety. Testing these components ensures they operate efficiently under a wide range of temperatures, loads, and driving conditions. With increasing global mandates for vehicle electrification and sustainable transport, the need for high-precision, high-reliability testing has become critical across both OEMs and tier-1 suppliers. Thus, the automotive & mobility solutions segment witnessed 26% revenue share in the power electronic testing market in 2024.
COVID 19 Impact Analysis
During the peak of the COVID-19 pandemic, the global power electronic testing market experienced substantial setbacks. Lockdown measures and social distancing protocols led to temporary shutdowns of manufacturing facilities, especially in countries heavily dependent on industrial automation and high-end electronics production such as China, Germany, the U.S., and Japan. These restrictions delayed the production and delivery of essential testing equipment and components. The pandemic also hampered the movement of skilled technicians and engineers who were vital for equipment setup, calibration, and onsite testing, causing further project delays. Thus, the COVID-19 pandemic had a negative impact on the market.
Market Growth Factors
The surge in adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) globally is a powerful driver shaping the power electronic testing market. EVs are fundamentally reliant on a complex network of power electronic components such as inverters, converters, battery management systems, onboard chargers, and electric drive systems. These components operate under high voltages and currents, making their performance, safety, and reliability paramount to the success of the vehicle. In conclusion, the exponential growth of EV and HEV technologies has elevated the need for robust, efficient, and high-voltage-compatible testing solutions, positioning it as a primary catalyst for the expansion of the power electronic testing market.
Additionally, wide bandgap (WBG) semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN) are revolutionizing the power electronics landscape by enabling faster switching, higher efficiency, and better thermal performance compared to traditional silicon-based devices. These semiconductors are critical for applications that demand compact form factors, high power densities, and thermal robustness - traits that are increasingly common in EVs, renewable energy systems, industrial drives, and aerospace applications. Therefore, the rise of wide bandgap semiconductors is catalyzing an evolution in power electronic testing methods, driving both technological innovation and market demand.
Market Restraining Factors
However, One of the most significant restraints limiting the widespread adoption of power electronic testing solutions is the high capital expenditure (CAPEX) required for establishing a robust testing infrastructure. Advanced power electronic systems operate under high voltage and current conditions, requiring sophisticated testing environments that include high-precision instruments, safety enclosures, specialized probes, shielding, thermal chambers, and automated control systems. In conclusion, the inherently time-consuming nature of comprehensive power electronic testing - combined with iterative validation demands - acts as a significant constraint on agility, innovation, and market responsiveness.
Value Chain Analysis
The value chain of the Power Electronic Testing Market begins with Upstream Components & Materials, where foundational elements for devices are sourced. This is followed by Design-for-Testing & Test Methodology, which ensures testability is embedded during design. Automatic Test Equipment (ATE) is then deployed for high-speed and precise functional evaluations. Next, Prototype & Device-Level Testing validates early-stage units for compliance and performance. System-Level & Production Testing follows to ensure reliability at scale. Then, Testing Services & Certification are performed to meet regulatory and quality benchmarks. Finally, Data Analysis, Feedback & Continuous Improvement closes the loop, optimizing future designs and feeding back into Upstream Components & Materials.
Provision Type Outlook
Based on provision type, the power electronic testing market is characterized into test instruments & equipment and professional testing services. The professional testing services segment procured 37% revenue share in the power electronic testing market in 2024. The professional testing services segment covers outsourced testing solutions provided by specialized laboratories or third-party firms. These services include performance evaluation, regulatory compliance testing, failure diagnostics, and environmental stress analysis. Companies often turn to professional testing providers when they need independent verification, lack internal resources, or are preparing for certifications. These services help reduce product development time, lower risk, and ensure that devices meet stringent industry standards. The growing complexity of electronic systems and increasing regulatory pressures are expanding the need for expert-led, external testing support.
Device Type Outlook
On the basis of device type, the power electronic testing market is classified into individual power provision types, multi-device modules, and power management ICs. The individual power provision types segment acquired 39% revenue share in the power electronic testing market in 2024. The individual power provision types segment includes discrete components such as diodes, transistors, rectifiers, and thyristors that serve specific power control functions. These devices require dedicated testing to evaluate switching behavior, thermal performance, voltage thresholds, and current handling capacity. Testing ensures their reliability in various applications ranging from industrial drives to electric vehicles and consumer electronics. Due to their foundational role in circuit design, maintaining quality through rigorous testing is critical for ensuring overall system stability and efficiency.
End User Outlook
By end use, the power electronic testing market is divided into automotive & mobility solutions, industrial automation & machinery, information & communication technology (ICT), consumer electronics & devices, renewable power & utility networks, aerospace & defense applications, and others. The industrial automation & machinery segment garnered 22% revenue share in the power electronic testing market in 2024. The industrial automation & machinery segment plays a vital role in the testing market, as factories and production lines depend heavily on motors, drives, control systems, and converters. These components are exposed to continuous operation in harsh environments, making performance and durability testing essential.
Regional Outlook
Region-wise, the power electronic testing market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded 39% revenue share in the power electronic testing market in 2024. The Asia Pacific region leads the power electronic testing market, driven by rapid industrialization, robust electronics manufacturing, and the accelerating shift toward electric mobility and renewable energy. Countries like China, Japan, South Korea, and India are major hubs for the production of power semiconductors, automotive electronics, and consumer devices-all of which require extensive testing.
List of Key Companies Profiled
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Keysight Technologies, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Advantest Corporation
- Teradyne, Inc.
- Infineon Technologies AG
- Fluke Corporation (Fortive Corporation)
- TUV SUD
Global Power Electronic Testing Market Report Segmentation
By Provision Type
- Test Instruments & Equipment
- Professional Testing Services
By Device Type
- Individual Power Provision Types
- Multi-Device Modules
- Power Management ICs
By End Use
- Automotive & Mobility Solutions
- Industrial Automation & Machinery
- Information & Communication Technology (ICT)
- Consumer Electronics & Devices
- Renewable Power & Utility Networks
- Aerospace & Defense Applications
- Other End Use
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Power Electronic Testing Market, by Provision Type
- 1.4.2 Global Power Electronic Testing Market, by Device Type
- 1.4.3 Global Power Electronic Testing Market, by End Use
- 1.4.4 Global Power Electronic Testing Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2024
- 4.2 Porter Five Forces Analysis
Chapter 5. Value Chain Analysis of Power Electronic Testing Market
- 5.1 Upstream Components & Materials
- 5.2 Design-for-Testing & Test Methodology
- 5.3 Automatic Test Equipment (ATE)
- 5.4 Prototype & Device-Level Testing
- 5.5 System-Level & Production Testing
- 5.6 Testing Services & Certification
- 5.7 Data Analysis, Feedback & Continuous Improvement
Chapter 6. Key Costumer Criteria of Power Electronic Testing Market
Chapter 7. Global Power Electronic Testing Market by Provision Type
- 7.1 Global Test Instruments & Equipment Market by Region
- 7.2 Global Professional Testing Services Market by Region
Chapter 8. Global Power Electronic Testing Market by Device Type
- 8.1 Global Individual Power Provision Types Market by Region
- 8.2 Global Multi-Device Modules Market by Region
- 8.3 Global Power Management ICs Market by Region
Chapter 9. Global Power Electronic Testing Market by End Use
- 9.1 Global Automotive & Mobility Solutions Market by Region
- 9.2 Global Industrial Automation & Machinery Market by Region
- 9.3 Global Information & Communication Technology (ICT) Market by Region
- 9.4 Global Consumer Electronics & Devices Market by Region
- 9.5 Global Renewable Power & Utility Networks Market by Region
- 9.6 Global Aerospace & Defense Applications Market by Region
- 9.7 Global Other End Use Market by Region
Chapter 10. Global Power Electronic Testing Market by Region
- 10.1 North America Power Electronic Testing Market
- 10.1.1 North America Power Electronic Testing Market by Provision Type
- 10.1.1.1 North America Test Instruments & Equipment Market by Region
- 10.1.1.2 North America Professional Testing Services Market by Region
- 10.1.2 North America Power Electronic Testing Market by Device Type
- 10.1.2.1 North America Individual Power Provision Types Market by Country
- 10.1.2.2 North America Multi-Device Modules Market by Country
- 10.1.2.3 North America Power Management ICs Market by Country
- 10.1.3 North America Power Electronic Testing Market by End Use
- 10.1.3.1 North America Automotive & Mobility Solutions Market by Country
- 10.1.3.2 North America Industrial Automation & Machinery Market by Country
- 10.1.3.3 North America Information & Communication Technology (ICT) Market by Country
- 10.1.3.4 North America Consumer Electronics & Devices Market by Country
- 10.1.3.5 North America Renewable Power & Utility Networks Market by Country
- 10.1.3.6 North America Aerospace & Defense Applications Market by Country
- 10.1.3.7 North America Other End Use Market by Country
- 10.1.4 North America Power Electronic Testing Market by Country
- 10.1.4.1 US Power Electronic Testing Market
- 10.1.4.1.1 US Power Electronic Testing Market by Provision Type
- 10.1.4.1.2 US Power Electronic Testing Market by Device Type
- 10.1.4.1.3 US Power Electronic Testing Market by End Use
- 10.1.4.2 Canada Power Electronic Testing Market
- 10.1.4.2.1 Canada Power Electronic Testing Market by Provision Type
- 10.1.4.2.2 Canada Power Electronic Testing Market by Device Type
- 10.1.4.2.3 Canada Power Electronic Testing Market by End Use
- 10.1.4.3 Mexico Power Electronic Testing Market
- 10.1.4.3.1 Mexico Power Electronic Testing Market by Provision Type
- 10.1.4.3.2 Mexico Power Electronic Testing Market by Device Type
- 10.1.4.3.3 Mexico Power Electronic Testing Market by End Use
- 10.1.4.4 Rest of North America Power Electronic Testing Market
- 10.1.4.4.1 Rest of North America Power Electronic Testing Market by Provision Type
- 10.1.4.4.2 Rest of North America Power Electronic Testing Market by Device Type
- 10.1.4.4.3 Rest of North America Power Electronic Testing Market by End Use
- 10.2 Europe Power Electronic Testing Market
- 10.2.1 Europe Power Electronic Testing Market by Provision Type
- 10.2.1.1 Europe Test Instruments & Equipment Market by Country
- 10.2.1.2 Europe Professional Testing Services Market by Country
- 10.2.2 Europe Power Electronic Testing Market by Device Type
- 10.2.2.1 Europe Individual Power Provision Types Market by Country
- 10.2.2.2 Europe Multi-Device Modules Market by Country
- 10.2.2.3 Europe Power Management ICs Market by Country
- 10.2.3 Europe Power Electronic Testing Market by End Use
- 10.2.3.1 Europe Automotive & Mobility Solutions Market by Country
- 10.2.3.2 Europe Industrial Automation & Machinery Market by Country
- 10.2.3.3 Europe Information & Communication Technology (ICT) Market by Country
- 10.2.3.4 Europe Consumer Electronics & Devices Market by Country
- 10.2.3.5 Europe Renewable Power & Utility Networks Market by Country
- 10.2.3.6 Europe Aerospace & Defense Applications Market by Country
- 10.2.3.7 Europe Other End Use Market by Country
- 10.2.4 Europe Power Electronic Testing Market by Country
- 10.2.4.1 Germany Power Electronic Testing Market
- 10.2.4.1.1 Germany Power Electronic Testing Market by Provision Type
- 10.2.4.1.2 Germany Power Electronic Testing Market by Device Type
- 10.2.4.1.3 Germany Power Electronic Testing Market by End Use
- 10.2.4.2 UK Power Electronic Testing Market
- 10.2.4.2.1 UK Power Electronic Testing Market by Provision Type
- 10.2.4.2.2 UK Power Electronic Testing Market by Device Type
- 10.2.4.2.3 UK Power Electronic Testing Market by End Use
- 10.2.4.3 France Power Electronic Testing Market
- 10.2.4.3.1 France Power Electronic Testing Market by Provision Type
- 10.2.4.3.2 France Power Electronic Testing Market by Device Type
- 10.2.4.3.3 France Power Electronic Testing Market by End Use
- 10.2.4.4 Russia Power Electronic Testing Market
- 10.2.4.4.1 Russia Power Electronic Testing Market by Provision Type
- 10.2.4.4.2 Russia Power Electronic Testing Market by Device Type
- 10.2.4.4.3 Russia Power Electronic Testing Market by End Use
- 10.2.4.5 Spain Power Electronic Testing Market
- 10.2.4.5.1 Spain Power Electronic Testing Market by Provision Type
- 10.2.4.5.2 Spain Power Electronic Testing Market by Device Type
- 10.2.4.5.3 Spain Power Electronic Testing Market by End Use
- 10.2.4.6 Italy Power Electronic Testing Market
- 10.2.4.6.1 Italy Power Electronic Testing Market by Provision Type
- 10.2.4.6.2 Italy Power Electronic Testing Market by Device Type
- 10.2.4.6.3 Italy Power Electronic Testing Market by End Use
- 10.2.4.7 Rest of Europe Power Electronic Testing Market
- 10.2.4.7.1 Rest of Europe Power Electronic Testing Market by Provision Type
- 10.2.4.7.2 Rest of Europe Power Electronic Testing Market by Device Type
- 10.2.4.7.3 Rest of Europe Power Electronic Testing Market by End Use
- 10.3 Asia Pacific Power Electronic Testing Market
- 10.3.1 Asia Pacific Power Electronic Testing Market by Provision Type
- 10.3.1.1 Asia Pacific Test Instruments & Equipment Market by Country
- 10.3.1.2 Asia Pacific Professional Testing Services Market by Country
- 10.3.2 Asia Pacific Power Electronic Testing Market by Device Type
- 10.3.2.1 Asia Pacific Individual Power Provision Types Market by Country
- 10.3.2.2 Asia Pacific Multi-Device Modules Market by Country
- 10.3.2.3 Asia Pacific Power Management ICs Market by Country
- 10.3.3 Asia Pacific Power Electronic Testing Market by End Use
- 10.3.3.1 Asia Pacific Automotive & Mobility Solutions Market by Country
- 10.3.3.2 Asia Pacific Industrial Automation & Machinery Market by Country
- 10.3.3.3 Asia Pacific Information & Communication Technology (ICT) Market by Country
- 10.3.3.4 Asia Pacific Consumer Electronics & Devices Market by Country
- 10.3.3.5 Asia Pacific Renewable Power & Utility Networks Market by Country
- 10.3.3.6 Asia Pacific Aerospace & Defense Applications Market by Country
- 10.3.3.7 Asia Pacific Other End Use Market by Country
- 10.3.4 Asia Pacific Power Electronic Testing Market by Country
- 10.3.4.1 China Power Electronic Testing Market
- 10.3.4.1.1 China Power Electronic Testing Market by Provision Type
- 10.3.4.1.2 China Power Electronic Testing Market by Device Type
- 10.3.4.1.3 China Power Electronic Testing Market by End Use
- 10.3.4.2 Japan Power Electronic Testing Market
- 10.3.4.2.1 Japan Power Electronic Testing Market by Provision Type
- 10.3.4.2.2 Japan Power Electronic Testing Market by Device Type
- 10.3.4.2.3 Japan Power Electronic Testing Market by End Use
- 10.3.4.3 India Power Electronic Testing Market
- 10.3.4.3.1 India Power Electronic Testing Market by Provision Type
- 10.3.4.3.2 India Power Electronic Testing Market by Device Type
- 10.3.4.3.3 India Power Electronic Testing Market by End Use
- 10.3.4.4 South Korea Power Electronic Testing Market
- 10.3.4.4.1 South Korea Power Electronic Testing Market by Provision Type
- 10.3.4.4.2 South Korea Power Electronic Testing Market by Device Type
- 10.3.4.4.3 South Korea Power Electronic Testing Market by End Use
- 10.3.4.5 Singapore Power Electronic Testing Market
- 10.3.4.5.1 Singapore Power Electronic Testing Market by Provision Type
- 10.3.4.5.2 Singapore Power Electronic Testing Market by Device Type
- 10.3.4.5.3 Singapore Power Electronic Testing Market by End Use
- 10.3.4.6 Malaysia Power Electronic Testing Market
- 10.3.4.6.1 Malaysia Power Electronic Testing Market by Provision Type
- 10.3.4.6.2 Malaysia Power Electronic Testing Market by Device Type
- 10.3.4.6.3 Malaysia Power Electronic Testing Market by End Use
- 10.3.4.7 Rest of Asia Pacific Power Electronic Testing Market
- 10.3.4.7.1 Rest of Asia Pacific Power Electronic Testing Market by Provision Type
- 10.3.4.7.2 Rest of Asia Pacific Power Electronic Testing Market by Device Type
- 10.3.4.7.3 Rest of Asia Pacific Power Electronic Testing Market by End Use
- 10.4 LAMEA Power Electronic Testing Market
- 10.4.1 LAMEA Power Electronic Testing Market by Provision Type
- 10.4.1.1 LAMEA Test Instruments & Equipment Market by Country
- 10.4.1.2 LAMEA Professional Testing Services Market by Country
- 10.4.2 LAMEA Power Electronic Testing Market by Device Type
- 10.4.2.1 LAMEA Individual Power Provision Types Market by Country
- 10.4.2.2 LAMEA Multi-Device Modules Market by Country
- 10.4.2.3 LAMEA Power Management ICs Market by Country
- 10.4.3 LAMEA Power Electronic Testing Market by End Use
- 10.4.3.1 LAMEA Automotive & Mobility Solutions Market by Country
- 10.4.3.2 LAMEA Industrial Automation & Machinery Market by Country
- 10.4.3.3 LAMEA Information & Communication Technology (ICT) Market by Country
- 10.4.3.4 LAMEA Consumer Electronics & Devices Market by Country
- 10.4.3.5 LAMEA Renewable Power & Utility Networks Market by Country
- 10.4.3.6 LAMEA Aerospace & Defense Applications Market by Country
- 10.4.3.7 LAMEA Other End Use Market by Country
- 10.4.4 LAMEA Power Electronic Testing Market by Country
- 10.4.4.1 Brazil Power Electronic Testing Market
- 10.4.4.1.1 Brazil Power Electronic Testing Market by Provision Type
- 10.4.4.1.2 Brazil Power Electronic Testing Market by Device Type
- 10.4.4.1.3 Brazil Power Electronic Testing Market by End Use
- 10.4.4.2 Argentina Power Electronic Testing Market
- 10.4.4.2.1 Argentina Power Electronic Testing Market by Provision Type
- 10.4.4.2.2 Argentina Power Electronic Testing Market by Device Type
- 10.4.4.2.3 Argentina Power Electronic Testing Market by End Use
- 10.4.4.3 UAE Power Electronic Testing Market
- 10.4.4.3.1 UAE Power Electronic Testing Market by Provision Type
- 10.4.4.3.2 UAE Power Electronic Testing Market by Device Type
- 10.4.4.3.3 UAE Power Electronic Testing Market by End Use
- 10.4.4.4 Saudi Arabia Power Electronic Testing Market
- 10.4.4.4.1 Saudi Arabia Power Electronic Testing Market by Provision Type
- 10.4.4.4.2 Saudi Arabia Power Electronic Testing Market by Device Type
- 10.4.4.4.3 Saudi Arabia Power Electronic Testing Market by End Use
- 10.4.4.5 South Africa Power Electronic Testing Market
- 10.4.4.5.1 South Africa Power Electronic Testing Market by Provision Type
- 10.4.4.5.2 South Africa Power Electronic Testing Market by Device Type
- 10.4.4.5.3 South Africa Power Electronic Testing Market by End Use
- 10.4.4.6 Nigeria Power Electronic Testing Market
- 10.4.4.6.1 Nigeria Power Electronic Testing Market by Provision Type
- 10.4.4.6.2 Nigeria Power Electronic Testing Market by Device Type
- 10.4.4.6.3 Nigeria Power Electronic Testing Market by End Use
- 10.4.4.7 Rest of LAMEA Power Electronic Testing Market
- 10.4.4.7.1 Rest of LAMEA Power Electronic Testing Market by Provision Type
- 10.4.4.7.2 Rest of LAMEA Power Electronic Testing Market by Device Type
- 10.4.4.7.3 Rest of LAMEA Power Electronic Testing Market by End Use
Chapter 11. Company Profiles
- 11.1 SGS S.A.
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 SWOT Analysis
- 11.2 Bureau Veritas S.A.
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 SWOT Analysis
- 11.3 Intertek Group PLC
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Recent strategies and developments:
- 11.3.4.1 Partnerships, Collaborations, and Agreements:
- 11.3.5 SWOT Analysis
- 11.4 Keysight Technologies, Inc.
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental and Regional Analysis
- 11.4.4 Research & Development Expenses
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Product Launches and Product Expansions:
- 11.4.6 SWOT Analysis
- 11.5 Rohde & Schwarz GmbH & Co. KG
- 11.5.1 Company Overview
- 11.5.2 SWOT Analysis
- 11.6 Advantest Corporation
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental and Regional Analysis
- 11.6.4 SWOT Analysis
- 11.7 Teradyne, Inc.
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Segmental and Regional Analysis
- 11.7.4 Recent strategies and developments:
- 11.7.4.1 Partnerships, Collaborations, and Agreements:
- 11.7.5 SWOT Analysis
- 11.8 Infineon Technologies AG
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Segmental and Regional Analysis
- 11.8.4 Research & Development Expense
- 11.8.5 SWOT Analysis
- 11.9 Fluke Corporation (Fortive Corporation)
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expense
- 11.10. TUV SUD
- 11.10.1 Company Overview
- 11.10.2 Recent strategies and developments:
- 11.10.2.1 Acquisition and Mergers:
- 11.10.3 SWOT Analysis
Chapter 12. Winning Imperatives of Power Electronic Testing Market