Press release
Power Electronic Testing Market worth $9.3 Billion by 2029, at a CAGR of 10.2%
Power Electronic Testing Market
The report "Power Electronic Testing Market [https://www.marketsandmarkets.com/Market-Reports/power-electronics-testing-market-128317689.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket] by Power Discrete (Diode, Transistor, Thyristor), Power Module, Power Integrated Circuit (IC); Electromagnetic Compatibility (EMC) Testing, Radio Frequency (RF) Testing, Energy Efficiency Testing - Global Forecast to 2029" The global power electronics testing market was valued at USD 5.7 billion in 2024 and is projected to reach USD 9.3 billion by 2029; it is expected to register a CAGR of 10.2% during the forecast period.The growth of the power electronics testing market is fueled by multiple significant factors ranging from fast EV adoption to the increasing demand for renewable energy infrastructures using power electronics for conversion and grid adherence. Widespread adoption of semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN) in high-power applications prompts the necessity for innovative testing methods because of their increased voltage levels and frequencies. Industrial automation and smart grids enhance the demand for dependable and effective power electronics that must pass extensive testing for adherence to international safety measures.
Download PDF Brochure @ [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128317689&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket]
Browse 247 market data Tables and 86 Figures spread throug 301 Pages and in-depth TOC on "Power Electronic Testing Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/power-electronics-testing-market-128317689.html [https://www.marketsandmarkets.com/Market-Reports/power-electronics-testing-market-128317689.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket]
Image: https://www.marketsandmarkets.com/Images/power-electronics-testing-market_oveview.webp [https://www.marketsandmarkets.com/Market-Reports/power-electronics-testing-market-128317689.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket]
Testing services segment to account for the largest market share in the forecasted year.
The demand for testing services will dominate the power electronics testing sector due to the urgent requirement to guarantee safety and efficiency in complicated power electronics components. In this segment's future predictions EMC testing is set to be the leading category because it plays a vital function in helping power electronics systems function smoothly without creating disturbances for neighboring devices such as in automotive and aerospace industries. An array of essential testing services includes electrical safety testing to guarantee protection from electrical threats radio frequency testing for wireless applications energy efficiency testing to comply with power conservation rules and multiple specialized test methods for different purposes. As electric vehicles and eco-friendly energy solutions become more prevalent businesses must achieve conformity with demanding global standards and regulations in multiple sectors.
Industrial vertical accounted for the second-largest market share of in the forecasted year.
The rising adoption of automation, robotics, and Industry 4.0 technologies is likely to spur the expansion of the industrial vertical. Testing is essential for power electronics which power and command sophisticated machinery and energy management systems in factories. This is for optimal reliability and efficiency in stressful environments. The growing attention towards energy-efficient systems and following norms in industrial fields increases the requirement for testing solutions. As production systems become more automated and smart testing needs for power electronics will increase further in industries.
Europe is expected to hold the second-largest share of the power electronics testing market during the forecast period.
Europe will likely be the second-largest market for power electronics testing because of its emphasis on clean energy adoption and strict environmental laws. Germany and other European nations especially highlight clean energy efforts prompting intense testing of power electronics in energy storage and solar applications. The increasing EV market and the formation of charging networks across Europe act as significant contributors to market growth since power electronics components in EVs depend on stringent testing for safety and efficiency. commitment to carbon neutrality and stringent regulations for energy efficiency and environmental protection elevate the need for power electronics testing services. These factors together play a key role in Europe's high position in the worldwide Power Electronics Testing Industry [https://www.marketsandmarkets.com/PressReleases/power-electronics-testing.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket].
Key Players
The key players that offer [https://www.marketsandmarkets.com/ResearchInsight/power-electronics-testing-companies.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=powerelectronictestingmarket] include 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), and UL LLC (US), Cohu, Inc. (US), Rohde & Schwarz (Germany), Keysight Technologies (US), and Chroma ATE Inc. (Taiwan).
About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.
In addition, MarketsandMarkets SalesIQ [https://www.marketsandmarkets.com/salesIQ/salesIQ.asp?utm_source=prnewswire.com&utm_medium=paidpr&utm_campaign=salesiq] enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.
To find out more, visit www.MarketsandMarkets Trademark .com [https://www.marketsandmarkets.com/]or follow us on Twitter [https://twitter.com/marketsmarkets], LinkedIn [https://www.linkedin.com/company/marketsandmarkets/about/]and Facebook [https://www.facebook.com/MarketsandMarkets].
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=power-electronic-testing-market-worth-93-billion-by-2029-at-a-cagr-of-102]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Delray Beach
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/power-electronics-testing-market-128317689.html
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Electronic Testing Market worth $9.3 Billion by 2029, at a CAGR of 10.2% here
News-ID: 3967950 • Views: …
More Releases from ABNewswire
Housebell Launches Singapore's First Bilingual AI-Powered Property Platform
Image: https://www.abnewswire.com/upload/2025/08/dd52626b3d8f2924cbee5bc5d45f6779.jpg
Singapore - August 25th, 2025 - Singapore's property market, long dominated by a few major players, is entering a new era of disruption with the launch of Housebell [https://www.housebell.com/], the nation's first bilingual AI-powered real estate platform. Featuring over 10,000 verified property listings, intelligent matchmaking, and immersive VR property tours, Housebell aims to make property searches more transparent, efficient, and inclusive for both local and overseas users.
Breaking the Monopoly,…
Thrivepop Drives Business Growth Through Innovative Marketing Strategies
Nowadays, every company has to have a loud voice to get heard. Marketing isn't merely putting up advertisements or posting content. It's about reaching out to people, gaining their trust, and establishing a brand that people recall. Thrivepop [https://thrivepop.com/] gets this requirement and collaborates with companies to make them thrive through innovative and result-oriented marketing.
Simplifying and Making Marketing Effective
It is hard for most businesses to keep pace with the high…
Haute Retreats Unveils Exclusive Caribbean Vacation Guide for Families Seeking W …
When the cold winds of winter sweep across North America and Europe, families often start searching for a warm escape where sunshine, turquoise waters, and laid-back island charm create the perfect vacation backdrop. The Caribbean, with its diverse islands and luxury accommodations, stands out as a premier choice for winter holidays. Families looking for comfort, privacy, and personalized experiences often turn to Luxury Villas in the Caribbean with Haute Retreats…
Oil Steel Pipe: Materials, Properties, and Common Sizes - ROYAL GROUP
In the vast oil industry, Oil steel pipes play a vital role, serving as a key carrier in the delivery of oil and natural gas from underground extraction to end users. From drilling operations in oil and gas fields to long-distance pipeline transportation, various types of Oil [https://www.royalsteelgroup.com/api-5l-gr-b-astm-a53-a106-carbon-seamless-line-pipe-product/]steel pipes [https://www.royalsteelgroup.com/api-5l-gr-b-astm-a53-a106-carbon-seamless-line-pipe-product/], with their unique materials and properties, ensure the safe and efficient operation of the entire industry chain. This article will…
More Releases for Testing
Global Testing Market Size - By Product Type(Terpene Profiling Testing,Heavy Met …
Market Overview and Report Coverage
testing refers to the scientific analysis and evaluation of products to ensure their safety, potency, and compliance with regulatory standards. This process typically involves testing for profiles, contaminants, pesticides, heavy metals, and microbial residues. As becomes increasingly legalized for medicinal and recreational use across various regions, the demand for reliable testing services is growing, ensuring consumers receive high-quality…
Sterility Testing Market, Sterility Testing Market Analysis, Sterility Testing M …
"According to the research report, the global synthetic biology market was valued at USD 13.07 billion in 2022 and is expected to reach USD 71.51 billion by 2032, to grow at a CAGR of 18.5% during the forecast period."
Request Our Free Sample Report for Synthetic Biology Market Insights and Emerging Trends @ https://www.polarismarketresearch.com/industry-analysis/synthetic-biology-market/request-for-sample
Report Overview
Polaris Market Research, a leading global market research and consulting company, has recently published its latest report…
Hemato Oncology Testing Market Global Hemato Oncology Testing Market, Hemato Onc …
Global Hemato Oncology Testing Market Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study…
Test Automation Market | latest automation testing tools, automation testing too …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Test Automation Market “
The “Test Automation Market” report provides analysis of the global test automation market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. The report precisely…
Molecular Diagnostics Market Application On Infectious Disease Testing, Cardiova …
Worldwide Market Reports recently released “Global Molecular Diagnostics Market Research Report 2017” that centers around the latest developing trends and technologies in the Molecular Diagnostics Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives and other…
Test Automation Market Quadruples by 2023; with a ~ 15.34 % of Whooping CAGR | C …
New Market Research Reports Title "Test Automation Market 2018" Has Been Added to Crystal Market Research Report database.
Test Automation Market - Competitive Insights:
The leading players in the market are Cognizant Corporation, IBM, Hewlett-Packard, Capgemini, Tata Consultancy Services and Infosys. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Test…
