According to a new report, published by KBV research, The Global Power Electronic Testing Market size is expected to reach $11.01 billion by 2032, rising at a market growth of 8.3% CAGR during the forecast period.
The power electronic testing market is an indispensable segment of the global electronics and energy ecosystem. As power electronics form the backbone of modern electrical systems—ranging from electric vehicles and renewable energy infrastructures to industrial automation and consumer electronics—the need to ensure performance, reliability, and safety through rigorous testing becomes paramount. The market for power electronic testing is driven by an increasing demand for high-efficiency power conversion, growing complexity in semiconductor devices, and the evolution of technologies such as wide-bandgap materials like Silicon Carbide (SiC) and Gallium Nitride (GaN).
The Multi-Device Modules segment is anticipating a CAGR of 8.6% during (2025 - 2032). The multi-device modules segment comprises integrated assemblies that combine several power electronic devices into a single compact package. These modules are used in high-power applications such as inverters, motor drives, and renewable energy systems. Testing focuses on performance under load, thermal management, insulation resistance, and electromagnetic interference. The complexity of these modules demands advanced testing protocols to validate interoperability among internal components. Their growing use in high-efficiency and space-constrained environments fuels demand for precise and comprehensive testing.
The Test Instruments & Equipment segment is leading the Global Power Electronic Testing Market by Provision Type in 2024; thereby, achieving a market value of $6.8 billion by 2032. The test instruments & equipment segment includes physical tools used to measure and analyze the performance of power electronic devices. These instruments—such as oscilloscopes, power analyzers, and voltage testers—are essential for conducting design validation, quality assurance, and compliance testing. Widely used in manufacturing and research environments, they help engineers detect faults, optimize efficiency, and ensure product safety. As power electronics become more advanced and widely used in sectors like electric vehicles and renewable energy, demand for precise and reliable testing equipment continues to grow.
The Information & Communication Technology (ICT) segment is registering a CAGR of 9.2% during (2025 - 2032). The information & communication technology (ICT) segment involves testing power modules used in data centers, telecommunication towers, servers, and networking equipment. With increasing demand for data processing, 5G networks, and cloud-based services, energy-efficient and thermally stable power electronics have become indispensable. Testing in this sector focuses on voltage regulation, electromagnetic interference, and load handling under fluctuating demand. Ensuring reliability and performance uptime is critical for telecom providers and data center operators, making high-frequency, precision testing a strategic requirement.
The Asia Pacific region dominated the Global Power Electronic Testing Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $4.1 billion by 2032. The North America region is experiencing a CAGR of 7.6% during (2025 - 2032). Additionally, The Europe region would exhibit a CAGR of 7.8% during (2025 - 2032).
By Provision Type
By Device Type
By End Use
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