The U.S. power electronic testing market size was estimated at USD 1.12 billion in 2024 and is projected to reach USD 2.36 billion by 2033, growing at a CAGR of 8.6% from 2025 to 2033. The market is driven by the modernization of aging grid infrastructure and the surge in utility-scale energy storage projects.
As utilities transition to smart grids and integrate bidirectional power flow systems, there is an increase in demand for advanced power electronic components such as inverters, converters, and rectifiers. This transformation necessitates rigorous testing protocols to ensure grid reliability, harmonics control, and system interoperability, significantly driving the need for high-precision power electronic testing solutions.
Manufacturers prioritize rigorous testing of power electronic components such as inverters, converters, and power modules to ensure performance, safety, and compliance with stringent regulatory standards. The rising complexity of semiconductor technologies, including Silicon Carbide (SiC) and Gallium Nitride (GaN), also contributes to the demand for advanced testing solutions capable of handling new device characteristics and operational conditions. In addition, the increasing integration of power electronics in sectors such as automotive and renewable energy intensifies the need for precise and reliable testing to maintain system efficiency and longevity.
Moreover, market expansion is supported by accelerating deployment of EVs and renewable energy infrastructure, which require extensive validation of power electronics to guarantee durability and efficiency under diverse environmental and load scenarios. The increasing rollout of 5G networks and industrial automation further elevates the need for precise power electronics testing to maintain system reliability and optimize energy consumption. Growing investments in smart grid modernization and energy storage systems also create new testing requirements, driving demand for comprehensive and real-time testing platforms that facilitate predictive maintenance and fault detection.
Furthermore, technological advancements in testing methodologies, including integrating artificial intelligence and machine learning for data-driven diagnostics and predictive analytics, lead to market growth. These innovations enable faster identification of faults and performance degradation, reducing downtime and improving product quality. Regulatory emphasis on safety and environmental standards continues to enforce rigorous testing protocols, encouraging manufacturers to adopt advanced testing equipment and services. Collectively, these factors contribute to sustained growth and increased advancement in the U.S. power electronic testing industry.
The test instruments and equipment segment led the market with the largest revenue share of 64.8% in 2024, as these devices form the backbone of all testing activities. Instruments such as oscilloscopes, power analyzers, signal generators, and thermal cameras provide precise measurement of electrical parameters, signal integrity, and thermal performance essential for validating power electronic components. Their use spans the entire product lifecycle from design and prototyping to mass production and quality assurance, ensuring compliance with international safety and performance standards. The growing complexity of power electronic systems in industries like automotive, aerospace, and renewable energy increases reliance on high-precision instruments, driving continuous demand and technological advancement in this segment.
The professional testing services segment is predicted to experience at the fastest CAGR during the forecast period, as manufacturers face increasing challenges in meeting stringent regulatory requirements and quality standards. These services offer end-to-end testing solutions, including functional testing, environmental stress screening, electromagnetic compatibility (EMC) testing, and certification support. Outsourcing testing to specialized providers reduces capital expenditure on expensive equipment and accelerates product time-to-market. In addition, the rise of complex power electronics with integrated software and hardware components necessitates expert validation, making professional testing services indispensable for ensuring product reliability and compliance in automotive, industrial automation, and energy sectors.
The individual power provision types segment accounted for the largest market revenue share in 2024, as dedicated testing setups focus on specific devices like inverters, converters, rectifiers, and power supplies. These devices require rigorous testing to verify electrical performance, efficiency, thermal management, and fault tolerance under various load and environmental conditions. Testing individual components allows manufacturers to identify design flaws early, optimize performance parameters, and ensure device longevity before integration into larger systems. This approach is complex in industries where component reliability directly impacts overall system safety and efficiency, such as electric vehicles and renewable power systems.
The multi-device modules segment is expected to grow at the fastest CAGR over the forecast period, due to the increasing integration of multiple power semiconductor devices into compact modules, which offer higher power density and improved efficiency. Testing these modules demands advanced equipment capable of handling simultaneous measurements of voltage, current, temperature, and switching characteristics across all integrated devices. As power electronics evolve toward miniaturization and multifunctionality, multi-device testing ensures that modules meet performance specifications and thermal limits, preventing failures in applications such as electric drivetrains and industrial motor drives. The complexity of these modules drives demand for advanced testing methodologies that simulate real-world operating conditions.
The automotive and mobility solutions segment accounted for the largest market revenue share in 2024, as the electrification of vehicles intensifies the need for rigorous testing of power electronics components such as traction inverters, battery management systems, and onboard chargers. These components are required to meet strict safety, durability, and efficiency standards due to their direct impact on vehicle performance and passenger safety. The sector’s rapid innovation cycle, driven by growing electric vehicle adoption and regulatory pressure on emissions, results in continuous investment in testing technologies. In addition, integrating autonomous driving and connected vehicle technologies increases the complexity of power electronics, necessitating comprehensive validation processes.
The renewable power and utility networks segment is anticipated to grow at the fastest CAGR during the forecast period, as the deployment of solar, wind, and energy storage systems accelerates worldwide. Power electronics devices such as grid-tied inverters, converters, and transformers require extensive testing to ensure they handle variable power inputs, grid disturbances, and environmental stresses. Testing also verifies compliance with evolving grid codes and standards to maintain grid stability and power quality. The increasing penetration of renewables into power grids, combined with smart grid initiatives, drives demand for specialized testing solutions that support the reliable integration and efficient operation of renewable energy assets.
Some key companies in the U.S. power electronic testing industry are AMETEK Programmable Power Inc., Bureau Veritas, Chroma ATE Inc., and Intertek Group plc.
AMETEK Programmable Power Inc. provides precision programmable power supplies, electronic loads, and compliance test solutions specifically designed for power electronics testing. Their products support applications such as semiconductor fabrication, automated test equipment, solar and battery simulation, avionics, and electromagnetic compatibility testing, helping manufacturers ensure the accuracy, reliability, and compliance of their power electronics systems.
Bureau Veritas provides testing, inspection, and certification services in the U.S. power electronics testing market, emphasizing Electromagnetic Compatibility (EMC) and safety compliance. The company offers comprehensive EMC emissions and immunity testing, Electrostatic Discharge (ESD) testing, and conducted emissions testing to ensure power electronic products meet national and international regulatory standards.
In October 2024, Mitsubishi Electric Power Products, Inc., in collaboration with its parent company Mitsubishi Electric Corporation of Japan, announced an investment of USD 86 million to enhance power electronics manufacturing and advanced switchgear production in the U.S. This investment responds to the growing demand for distribution and transmission grid equipment as the U.S. advances its renewable energy and decarbonization objectives.
In April 2024, ZeroAvia, Inc. announced plans to offer key components of its hydrogen-electric engines to other innovators in the clean aviation sector. This initiative aims to capitalize on the market for hydrogen-electric powertrains by leveraging the company’s substantial investment in research and development and its vertical integration strategy. By sharing advanced power electronics and related technologies integral to its hydrogen-electric propulsion systems, ZeroAvia, Inc. seeks to accelerate the adoption of sustainable aviation solutions while enhancing its influence in reducing the environmental impact of air travel.
In April 2024, Tektronix, Inc., a provider of measurement and test solutions, acquired EA Elektro-Automatik (EA), a key supplier of high-power electronic test equipment for mobility, energy storage, renewable, and hydrogen energy sectors. This acquisition expands Tektronix’s portfolio by integrating EA’s high-efficiency power supplies and electronic loads with Tektronix’s industry-leading isolated probes and oscilloscopes, alongside Keithley’s precision source meters and instrumentation.
Report Attribute
|
Details
|
Market size value in 2025
|
USD 1.21 billion
|
Revenue forecast in 2033
|
USD 2.36 billion
|
Growth rate
|
CAGR of 8.6% from 2025 to 2033
|
Base year for estimation
|
2024
|
Historical data
|
2021 – 2023
|
Forecast period
|
2025 – 2033
|
Quantitative units
|
Revenue in USD million/billion and CAGR from 2025 to 2033
|
Report coverage
|
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|
Segments covered
|
End use, provision type, device type
|
Country scope
|
U.S.
|
Key companies profiled
|
AMETEK Programmable Power Inc.; Bureau Veritas; Chroma ATE Inc.; Intertek Group plc; Keysight Technologies; National Instruments Corporation; Rohde & Schwarz; SGS SA; TEKTRONIX, INC.; Mitsubishi Electric Power Products, Inc.
|
Customization scope
|
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research needs. Explore purchase options
|
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. power electronic testing market report based on provision type, device type, and end use.
Provision Type Outlook (Revenue, USD Million, 2021 – 2033)
Device Type Outlook (Revenue, USD Million, 2021 – 2033)
End Use Outlook (Revenue, USD Million, 2021 – 2033)
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
b. The global U.S. power electronic testing market is expected to grow at a compound annual growth rate of 8.6% from 205 to 2033 to reach USD 2.36 billion by 2033.
b. The test instruments and equipment segment led the market in 2024, accounting for over 63% of global revenue, as these devices form the backbone of all testing activities.
b. Some key players operating in the U.S. power electronic testing market include AMETEK Programmable Power Inc.; Bureau Veritas; Chroma ATE Inc.; Intertek Group plc; Keysight Technologies; National Instruments Corporation; Rohde & Schwarz; SGS SA; TEKTRONIX, INC.; Mitsubishi Electric Power Products, Inc.
b. Key factors that are driving the market growth include rising adoption of wide Bandgap Semiconductors (SiC and GaN) and growing investments in next-gen energy and power systems.
b. The global U.S. power electronic testing market size was estimated at USD 1.12 billion in 2024 and is expected to reach USD 1.21 billion in 2025.
Leave a comment