Power Electronic Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Device Type, By Application, By Offering, By Region, By Competition, 2020-2030F
The Global Power Electronic Testing Market was valued at USD 3.3 billion in 2024 and is projected to reach USD 4.9 billion by 2030, growing at a CAGR of 6.7% during the forecast period. Market expansion is fueled by rising demand for high-performance power electronic components, particularly in the electric vehicle (EV) sector, where efficient and reliable energy conversion is critical. The growth of renewable energy sources such as solar and wind also necessitates robust testing to ensure seamless grid integration and power conversion. Additionally, the proliferation of wide-bandgap semiconductor technologies like Silicon Carbide (SiC) and Gallium Nitride (GaN) has introduced new testing complexities, driving the need for advanced validation systems. Increasing industrial automation and the rollout of 5G infrastructure further elevate the importance of power electronics testing. Globally, regulatory compliance and safety standards continue to enforce stringent testing protocols, collectively creating a dynamic and innovation-driven market landscape.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 3.3 Billion
Market Size 2030
USD 4.9 Billion
CAGR 2025-2030
6.7%
Fastest Growing Segment
Power Discrete Devices
Largest Market
North America
Key Market Drivers
Surge in Electric Vehicle (EV) Adoption Driving Demand for Power Electronic Testing
The rapid rise in global electric vehicle (EV) adoption is a major catalyst for the power electronic testing market. EVs rely heavily on complex power electronic systems such as inverters, converters, and battery management units that must meet rigorous performance and safety standards. As governments and industries accelerate EV production to reduce carbon emissions, the need for comprehensive and reliable testing grows substantially. In March 2025, Germany's dSPACE introduced the XSG Power Electronics Systems software, supporting simulations at high switching frequencies up to 500 kHz, a development that underscores the rising sophistication in power electronics. These systems must endure fluctuating loads and extreme conditions, necessitating robust testing to validate efficiency, reliability, and compliance before deployment.
Key Market Challenges
Complexity and High Cost of Testing Advanced Power Electronic Components
A significant challenge for the market is the complexity and high cost associated with testing modern power electronics, especially those utilizing wide-bandgap materials like SiC and GaN. These components offer enhanced performance but demand specialized testing environments capable of handling higher frequencies, voltages, and thermal variations. Building and operating such advanced testing infrastructure involves substantial investment in equipment, automation, and skilled labor. For smaller firms and those in developing regions, this creates financial and technical barriers to entry. Without sufficient capital or access to cutting-edge tools, these entities may struggle to adopt high-end testing solutions, thereby limiting their market competitiveness.
Key Market Trends
Increasing Adoption of Automation and AI-Driven Testing Solutions
Automation and AI integration are reshaping the power electronic testing market, offering faster, more accurate, and more efficient testing workflows. As components grow more advanced, traditional testing methods fall short in terms of precision and scalability. Automated test equipment (ATE) and AI-powered systems are now being employed to streamline testing cycles, reduce human error, and enhance throughput. These technologies allow real-time data collection, pattern recognition, and adaptive testing, helping manufacturers optimize product quality and reliability. Additionally, predictive analytics and condition-based maintenance powered by machine learning are gaining traction, minimizing unplanned failures and extending equipment lifespan, particularly in sectors like EVs and renewable energy.
Key Market Players
Keysight Technologies, Inc.
Tektronix, Inc.
Rohde & Schwarz GmbH & Co KG
National Instruments Corporation
Microtest Group
Advantest Corporation
Teradyne, Inc.
Infineon Technologies AG
Report Scope:
In this report, the Global Power Electronic Testing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Power Electronic Testing Market, By Device Type:
Power Discrete Devices
Power Modules
Others
Power Electronic Testing Market, By Application:
Consumer Electronics
Power
Industrial
Automotive
Aerospace & Defense
Others
Power Electronic Testing Market, By Offering:
Testing Equipment
Testing Service
Power Electronic Testing Market, By Region:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
South America
Brazil
Colombia
Argentina
Middle East & Africa
Saudi Arabia
UAE
South Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Power Electronic Testing Market.
Available Customizations:
Global Power Electronic Testing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Power Electronic Testing Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Device Type (Power Discrete Devices, Power Modules, Others)