Press release
Testing Equipment Market to Rise High Growth 2031., North America Leads with 25% Market Share | Most Leading Companies - Uson, L.P., Yokogawa Electric Co
Testing Equipment Market Size
Testing Equipment Market is expected to grow at a CAGR of 5.3% during the forecast period (2024-2031).
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United States: Recent Industry Developments
✅ February 2026: Agilent Technologies launched a next-generation analytical testing platform for pharmaceutical and biotech labs, offering higher throughput and precision.
✅ January 2026: Thermo Fisher Scientific introduced automated testing equipment for environmental and food safety analysis to improve accuracy and efficiency.
✅ December 2025: PerkinElmer expanded its materials testing product line with advanced spectroscopy and chromatography systems.
Japan: Recent Industry Developments
✅ February 2026: Shimadzu Corporation launched high-sensitivity testing equipment for medical diagnostics and industrial quality control.
✅ January 2026: Hitachi High-Tech expanded its automated laboratory testing solutions for food and environmental monitoring.
✅ December 2025: R&D collaborations focused on miniaturized, portable testing devices for rapid on-site analysis across industries.
Latest Mergers & Acquisitions (M&A)
NAMSA acquires the Early Development medical device testing business from Labcorp, expanding its medical device testing and early‐stage services portfolio (Jan 2026).
Danaher agrees to buy Masimo for around $9.9 B, significantly expanding its diagnostics and patient monitoring testing/device footprint (announced Feb 2026).
Major Top Key Players:
ABB Ltd, Emerson Electric Co, General Electric, KROHNE Messtechnik, Höntzsch GmbH, Siemens AG, OMEGA Engineering Inc., Honeywell International Inc., Uson, L.P., Yokogawa Electric Co
Growth Forecast Projection:
The Global Testing Equipment Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Key Developments:
✅ February 2026: Global laboratories and manufacturing units accelerated adoption of automated testing systems with AI-driven analytics to improve accuracy and reduce turnaround time.
✅ January 2026: Manufacturers launched high-throughput testing platforms capable of handling multiple sample types, supporting research, quality control, and diagnostic applications.
✅ December 2025: Portable and on-site testing devices gained traction in industries like food & beverage, pharmaceuticals, and environmental monitoring, promoting rapid decision-making.
✅ November 2025: Companies upgraded legacy testing equipment to comply with updated international standards, enhancing reliability, precision, and regulatory compliance.
✅ October 2025: Integration of IoT and cloud connectivity in testing instruments enabled real-time data monitoring, remote diagnostics, and predictive maintenance.
✅ August 2025: R&D and industrial labs increased procurement of multi-parameter analyzers and automated sample handling systems to improve operational efficiency.
✅ June 2025: Growing demand for precise and faster testing solutions across healthcare, industrial, and environmental sectors encouraged investment in next-generation testing equipment.
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Regional Analysis for Market:
✅ North America: 25% - Leading the market with advanced industrial testing, high adoption in electronics, automotive, and semiconductor sectors.
✅ Japan: 7% - Supported by precision manufacturing, semiconductor testing, and R&D-driven adoption.
✅ Europe: 20% - Strong demand fueled by industrial automation, electronics, and automotive quality control standards.
✅ United Kingdom: 5% - Growing market due to electronics testing and laboratory equipment expansion.
✅ South Korea: 6% - Adoption driven by semiconductor, electronics, and automotive testing requirements.
✅ Middle East & Africa: 8% - Emerging demand from industrial infrastructure, construction, and technology upgrades.
✅ Germany: 9% - Key hub for industrial and electronics testing equipment in Europe.
✅ Canada: 4% - Steady growth from electronics, aerospace, and automotive testing needs.
✅ Asia-Pacific: 16% - Expanding market led by China, India, and Southeast Asia's industrial and electronics sectors.
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Key Segmentations:
By Product Type: Hardware, Software, Service
By Type: Portable, Fixed
By End User: Water & Waste Water, Oil & Gas, Chemicals, Power Generation, Pulp & Paper, Metals & Mining, Food & Beverages, HVAC, Others
Market Growth Drivers
• 5G, IoT & AI Growth - High-speed networks and smart devices drive demand for precise testing equipment.
• Automotive & EV Expansion - Rigorous testing for batteries, sensors, and safety supports electric vehicle technology.
• Semiconductor & Electronics Surge - Advanced chips and fab investments require reliable, high-precision testing.
• Regulatory Compliance - Strict global safety standards fuel calibration, repair, and quality assurance services.
• Industrial Automation & Aeros
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✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
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