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.
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.
Power 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.; TUV Rheinland; and TUV SUD.
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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Power Electronic Testing Market Insights
- 4.1. Power Electronic Testing Market - Market Snapshot
- 4.2. Power Electronic Testing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Adoption of Electric Vehicles
- 4.2.1.2. Expansion of Renewable Energy Systems
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Cost and Complexity of Advanced Testing Solutions
- 4.2.3. Public opinion and privacy legal precedents
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Power Electronic Testing Market Trends
- 4.6. Value Chain Analysis
5. Global Power Electronic Testing Market, by Provision Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 5.3. Test Instruments and Equipment
- 5.3.1. Global Power Electronic Testing Market, by Test Instruments and Equipment, by Region, 2020-2034 (USD Billion)
- 5.4. Professional Testing Services
- 5.4.1. Global Power Electronic Testing Market, by Professional Testing Services, by Region, 2020-2034 (USD Billion)
6. Global Power Electronic Testing Market, by Device Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 6.3. Individual Power Provision Types
- 6.3.1. Global Power Electronic Testing Market, by Individual Power Provision Types, by Region, 2020-2034 (USD Billion)
- 6.4. Multi-Device Modules
- 6.4.1. Global Power Electronic Testing Market, by Multi-Device Modules, by Region, 2020-2034 (USD Billion)
- 6.5. Power Management ICs
- 6.5.1. Global Power Electronic Testing Market, by Power Management ICs, by Region, 2020-2034 (USD Billion)
7. Global Power Electronic Testing Market, by End Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 7.3. Industrial Automation and Machinery
- 7.3.1. Global Power Electronic Testing Market, by Industrial Automation and Machinery, by Region, 2020-2034 (USD Billion)
- 7.4. Automotive and Mobility Solutions
- 7.4.1. Global Power Electronic Testing Market, by Automotive and Mobility Solutions, by Region, 2020-2034 (USD Billion)
- 7.5. Information & Communication Technology (ICT)
- 7.5.1. Global Power Electronic Testing Market, by Information & Communication Technology (ICT), by Region, 2020-2034 (USD Billion)
- 7.6. Renewable Power and Utility Networks
- 7.6.1. Global Power Electronic Testing Market, by Renewable Power and Utility Networks, by Region, 2020-2034 (USD Billion)
- 7.7. Aerospace and Defense Applications
- 7.7.1. Global Power Electronic Testing Market, by Aerospace and Defense Applications, by Region, 2020-2034 (USD Billion)
- 7.8. Others
- 7.8.1. Global Power Electronic Testing Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Power Electronic Testing Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Power Electronic Testing Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Power Electronic Testing Market - North America
- 8.3.1. North America: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.3.3. North America: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.3.4. Power Electronic Testing Market - US
- 8.3.4.1. US: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.3.4.2. US: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.3.4.3. US: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.3.5. Power Electronic Testing Market - Canada
- 8.3.5.1. Canada: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4. Power Electronic Testing Market - Europe
- 8.4.1. Europe: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.3. Europe: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.4. Power Electronic Testing Market - UK
- 8.4.4.1. UK: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.5. Power Electronic Testing Market - France
- 8.4.5.1. France: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.5.2. France: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.5.3. France: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.6. Power Electronic Testing Market - Germany
- 8.4.6.1. Germany: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.7. Power Electronic Testing Market - Italy
- 8.4.7.1. Italy: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.8. Power Electronic Testing Market - Spain
- 8.4.8.1. Spain: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.9. Power Electronic Testing Market - Netherlands
- 8.4.9.1. Netherlands: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.10. Power Electronic Testing Market - Russia
- 8.4.10.1. Russia: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.4.11. Power Electronic Testing Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5. Power Electronic Testing Market - Asia Pacific
- 8.5.1. Asia Pacific: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.4. Power Electronic Testing Market - China
- 8.5.4.1. China: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.4.2. China: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.4.3. China: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.5. Power Electronic Testing Market - India
- 8.5.5.1. India: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.5.2. India: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.5.3. India: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.6. Power Electronic Testing Market - Malaysia
- 8.5.6.1. Malaysia: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.7. Power Electronic Testing Market - Japan
- 8.5.7.1. Japan: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.8. Power Electronic Testing Market - Indonesia
- 8.5.8.1. Indonesia: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.9. Power Electronic Testing Market - South Korea
- 8.5.9.1. South Korea: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.10. Power Electronic Testing Market - Australia
- 8.5.10.1. Australia: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.5.11. Power Electronic Testing Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6. Power Electronic Testing Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6.4. Power Electronic Testing Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6.5. Power Electronic Testing Market - UAE
- 8.6.5.1. UAE: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6.6. Power Electronic Testing Market - Israel
- 8.6.6.1. Israel: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6.7. Power Electronic Testing Market - South Africa
- 8.6.7.1. South Africa: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.6.8. Power Electronic Testing Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.7. Power Electronic Testing Market - Latin America
- 8.7.1. Latin America: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.7.4. Power Electronic Testing Market - Mexico
- 8.7.4.1. Mexico: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.7.5. Power Electronic Testing Market - Brazil
- 8.7.5.1. Brazil: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.7.6. Power Electronic Testing Market - Argentina
- 8.7.6.1. Argentina: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
- 8.7.7. Power Electronic Testing Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Power Electronic Testing Market, by Provision Type, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Power Electronic Testing Market, by Device Type, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Power Electronic Testing Market, by End Use, 2020-2034 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. AMETEK Programmable Power Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bureau Veritas
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Chroma ATE Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Intertek Group plc
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Keysight Technologies
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. National Instruments Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Rohde & Schwarz
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. SGS SA
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. TEKTRONIX, INC.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Advantest Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Teradyne Inc.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. DEKRA
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. TUV SUD
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. TUV Rheinland
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. DNV GL
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development