PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638058
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638058
Global Power Electronics Testing Market Size, By Offering (Testing Services, Equipment), By Device Type (Silicon Carbide, Gallium Nitride, Others), By Vertical (Industrial, Automotive, Aerospace, Others) and Regional Forecasts 2024-2032
The global power electronics testing market is estimated to be valued at USD 5.17 billion in 2023 and is anticipated to grow at a robust CAGR of 10.2%. The increasing penetration of electric vehicles (EVs), adoption of renewable energy systems, and advancements in power semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN) drive the demand for power electronics testing solutions globally. These advancements necessitate rigorous testing methodologies to ensure safety, reliability, and compliance with stringent international standards, especially in the automotive, aerospace, and industrial sectors.
Power electronics systems are integral to energy conversion and management across diverse applications, including EVs, smart grids, and renewable energy infrastructures. The rise of industrial automation, coupled with the adoption of Industry 4.0 practices, amplifies the need for efficient and effective power electronics testing solutions. Testing services, particularly those addressing electromagnetic compatibility (EMC) and energy efficiency, dominate the market, ensuring seamless functionality in high-frequency and high-voltage environments.
The industrial sector showcases significant growth potential, as manufacturers increasingly rely on power electronics for optimizing operations and adhering to energy-efficiency regulations. Furthermore, as EV adoption accelerates, testing requirements for battery management systems, inverters, and charging networks are poised to surge. Europe, with its focus on clean energy adoption and EV expansion, is expected to hold the second-largest market share, bolstered by stringent environmental regulations and carbon neutrality initiatives.
Major market players included in this report are:
- SGS SA (Switzerland)
- Bureau Veritas (France)
- Intertek Group plc (UK)
- Advantest Corporation (Japan)
- Teradyne Inc. (US)
- DEKRA (Germany)
- TUV SUD (Germany)
- National Instruments Corp. (US)
- TUV Rheinland (Germany)
- TUV NORD Group (Germany)
- UL LLC (US)
- Cohu, Inc. (US)
- Rohde & Schwarz (Germany)
- Keysight Technologies (US)
- Chroma ATE Inc. (Taiwan)
The detailed segments and sub-segment of the market are explained below:
By Offering
- Testing Services
- EMC Testing
- Electrical Safety Testing
- Energy Efficiency Testing
- Radio Frequency Testing
- Others
- Equipment
- Oscilloscopes
- Power Analyzers
- Signal Generators
- Automated Test Equipment (ATE)
- Others
By Device Type
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
- Others
By Vertical
- Automotive
- Industrial
- Aerospace and Defense
- Renewable Energy
- Consumer Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
Years Considered for the Study:
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2024 to 2032.
- Annualized revenue and regional-level analysis for each market segment.
- Comprehensive analysis of key geographies, with country-level insights for major regions.
- Competitive landscape including major players and strategic insights.
- In-depth evaluation of emerging opportunities, market challenges, and growth factors.
Table of Contents
Chapter 1: Global Power Electronics Testing Market Executive Summary
- 1.1. Global Power Electronics Testing Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Offering
- 1.3.2. By Device Type
- 1.3.3. By Vertical
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendations & Conclusion
Chapter 2: Global Power Electronics Testing Market Definition and Research Assumptions
- 2.1. Research Objectives
- 2.2. Market Definitions
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Infrastructure
- 2.3.3.2. Regulatory Environment
- 2.3.3.3. Availability
- 2.3.3.4. Market Competition
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Technological Advancements
- 2.3.4.2. Consumer Awareness
- 2.3.4.3. Regulatory Frameworks
- 2.3.5. Estimation Methodology
- 2.4. Years Considered for the Study
- 2.5. Currency Conversion Rates
Chapter 3: Global Power Electronics Testing Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Surge in EV Adoption and Electrification of Vehicles
- 3.1.2. Rising Demand for Renewable Energy and Smart Grids
- 3.1.3. Increasing Use of High-Performance Semiconductors (SiC, GaN)
- 3.2. Market Challenges
- 3.2.1. Complex Regulatory Compliance and Testing Standards
- 3.2.2. High Cost of Advanced Testing Services
- 3.3. Market Opportunities
- 3.3.1. Expanding Role of Power Electronics in Aerospace and Defense
- 3.3.2. Emerging Opportunities in Industrial Automation
Chapter 4: Global Power Electronics Testing Market Industry Analysis
- 4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political Factors
- 4.2.2. Economic Factors
- 4.2.3. Social Factors
- 4.2.4. Technological Factors
- 4.2.5. Environmental Factors
- 4.2.6. Legal Factors
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Analyst Recommendations & Conclusion
Chapter 5: Global Power Electronics Testing Market Size & Forecasts by Offering (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Power Electronics Testing Market: Offering Revenue Trends (2022-2032)
- 5.2.1. Testing Services
- 5.2.1.1. EMC Testing
- 5.2.1.2. Electrical Safety Testing
- 5.2.1.3. Energy Efficiency Testing
- 5.2.1.4. Radio Frequency Testing
- 5.2.1.5. Others
- 5.2.2. Equipment
- 5.2.2.1. Oscilloscopes
- 5.2.2.2. Power Analyzers
- 5.2.2.3. Signal Generators
- 5.2.2.4. Automated Test Equipment (ATE)
- 5.2.2.5. Others
- 5.2.1. Testing Services
Chapter 6: Global Power Electronics Testing Market Size & Forecasts by Device Type (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Power Electronics Testing Market: Device Type Revenue Trends (2022-2032)
- 6.2.1. Silicon Carbide (SiC)
- 6.2.2. Gallium Nitride (GaN)
- 6.2.3. Others
Chapter 7: Global Power Electronics Testing Market Size & Forecasts by Vertical (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global Power Electronics Testing Market: Vertical Revenue Trends (2022-2032)
- 7.2.1. Automotive
- 7.2.2. Industrial
- 7.2.3. Aerospace and Defense
- 7.2.4. Renewable Energy
- 7.2.5. Consumer Electronics
- 7.2.6. Others
Chapter 8: Global Power Electronics Testing Market Size & Forecasts by Region (2022-2032)
- 8.1. North America
- 8.1.1. U.S.
- 8.1.2. Canada
- 8.2. Europe
- 8.2.1. Germany
- 8.2.2. UK
- 8.2.3. France
- 8.2.4. Rest of Europe
- 8.3. Asia Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Rest of Asia Pacific
- 8.4. Rest of the World
Chapter 9: Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. SGS SA
- 9.1.2. Bureau Veritas
- 9.1.3. Intertek Group plc
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. National Instruments Corp.
- 9.3.2. Rohde & Schwarz
- 9.3.3. DEKRA
- 9.3.4. Keysight Technologies
- 9.3.5. TUV SUD
Chapter 10: Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Data Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
