Power Electronic Testing Market to Surpass USD 12.13 Billion by 2032, at 9.43% CAGR
According to the SNS Insider,'The Power Electronic Testing Market size was valued at USD 5.90 Billion in 2024 and is projected to reach USD 12.13 Billion by 2032, growing at a CAGR of 9.43% during 2025-2032.'
Rising Demand for Advanced Semiconductors Drives Growth in Power Electronic Testing Market
Growth In Power Electronic Testing Market Power electronic testing market is gaining traction heavily due to rise in adoption of next-generation semiconductor versatile materials, such as silicon carbide (SiC) and gallium nitride (GaN) in high-performance applications including electric vehicle (EV) applications, renewable energy, and aerospace sector. Such materials need to be exhaustively tested with regards to high voltage and thermal stresses to demonstrate performance and durability like the extreme values above. The increasing complexity of power systems further necessitates accurate, time-bound testing solutions in the context of widespread switches to digital controls and IoT. In addition, the need for investments in high-end testing infrastructure is being driven by stricter global regulations and growing emphasis on energy efficiency and safety standards. Technological advances such as China's successful SiC space field trials, emphasize the increasing importance testing plays in next-generation energy systems.
Get a Sample Report of Power Electronic Testing Market Forecast @ https://www.snsinsider.com/sample-request/7808
Leading Market Players with their Product Listed in this Report are: SGS SA
Bureau Veritas
Intertek Group plc
Advantest Corporation
Teradyne Inc.
DEKRA
TÜV SÜD
National Instruments Corp.
TÜV Rheinland
TÜV NORD Group
UL LLC
Cohu Inc.
Rohde & Schwarz
Keysight Technologies
Chroma ATE Inc.
Tektronix
EA Elektro-Automatik
Fluke Corporation
Yokogawa Electric Corporation
Sigma-Aldrich (Merck KGaA)
Power Electronic Testing Market Report Scope: Report Attributes Details Market Size in 2024 USD 5.90 Billion Market Size by 2032 USD 12.13 Billion CAGR CAGR of 9.43% From 2025 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segmentation • By Provision Type(Test Instruments and Equipment, Professional Testing Services)• By Device Type(Individual Power Provision Types, Multi-Device Modules, Power Management ICs)
• By End Use (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)
Purchase Single User PDF of Power Electronic Testing Market Report (20% Discount) @ https://www.snsinsider.com/checkout/7808
Key Industry Segmentation
By Provision Type
The Test Instruments and Equipment segment dominated the power electronic testing market in 2024, accounting for approximately 66% of the total market share due to the increasing demand for highly accurate tools for new SiC and GaN based topologies used in electric vehicles and renewable energy systems.
From the period of 2025 to 2032, Professional Testing Services is expected to experience the largest compound annual growth rate of 13.13%, as companies opt to outsource more complex testing to companies that specialize in complex testing so as to reduce costs, accelerate product cycles, and ensure regulatory precision costs effectively.
By Device Type
In 2024, the Individual Power Provision Types segment captured around 61% of the Power Electronic Testing market share, driven by the growing need for component-level testing to ensure precise performance and fault detection across EVs, industrial automation, and renewable energy sectors.
Multi-Device Modules is expected to be the fastest growing segment, which is projected to have a CAGR of 16.89% from 2025 to 2032 because multiple SiC-based devices are being integrated into compact modules, which needs to be tested for performance as a whole in more complex, high power, and high-frequency systems.
By End-Use
In 2024, the Automotive and Mobility Solutions segment held around 61% of the Power Electronic Testing market share, driven by the surge in electric and hybrid vehicle adoption and the need for precise testing of powertrains, batteries, inverters, and chargers to ensure performance and compliance.
The Renewable Power and Utility Networks segment is projected to grow at the fastest CAGR of 18.45% from 2025 to 2032, fueled by the rising deployment of solar, wind, and energy storage systems, necessitating accurate testing of grid-connected power electronics.
Regional Insights: Asia Pacific Leads, North America and Europe Accelerate in Power Electronic Testing Market
In 2024, Asia Pacific led the Power Electronic Testing market with a 44% revenue share, driven by strong consumer electronics, EV production, and semiconductor manufacturing. Countries like China, Japan, and South Korea are rapidly expanding high-voltage testing infrastructure to support fast-paced innovation.
North America is projected to witness the fastest growth through 2032 at a CAGR of 11.14%, fueled by investments in EVs, renewables, and semiconductor development, supported by policies like the Inflation Reduction Act. Europe is emerging as a key region, with strong EV adoption, renewable integration, and regulatory focus on energy efficiency. LATAM and MEA show steady growth driven by rising electrification, grid modernization, and energy efficiency awareness.
Do you have any specific queries or need any customized research on Power Electronic Testing Market? Submit your inquiry here @ https://www.snsinsider.com/enquiry/7808
Recent Developments: In July 2025, SGS SA's USD 1.325 billion acquisition of ATS marks a strategic push into North America, enhancing its global testing and certification presence. With projected synergies boosting EBITDA to USD 125 million by 2026, the 11.2x multiple signals a calculated move to gain high-margin capabilities and long-term growth.
In Aug 2025, Teradyne Launches Magnum 7H to Revolutionize HBM Device Testing Across AI Servers The Magnum 7H supports HBM2E to HBM4E with ultra-fast, high-accuracy, and parallel testing, boosting throughput by 1.6x for next-gen memory validation.
Exclusive Sections of the Report (The USPs) Regional Sales Volume Benchmarks – helps you compare annual sales volume across major regions in 2023, highlighting demand hotspots and lagging markets.
helps you compare annual sales volume across major regions in 2023, highlighting demand hotspots and lagging markets. Technology Design Evolution Tracker – helps you analyze past-to-future trends in circuit topology, integration levels, and semiconductor materials like SiC and GaN.
helps you analyze past-to-future trends in circuit topology, integration levels, and semiconductor materials like SiC and GaN. Consumer Adoption Dynamics – helps you understand how buyer preferences, pricing sensitivity, and application-specific requirements are shaping demand in 2023.
helps you understand how buyer preferences, pricing sensitivity, and application-specific requirements are shaping demand in 2023. Supply Chain Resilience Metrics – helps you identify vulnerabilities and strengths in component sourcing, manufacturing hubs, and lead time variability.
helps you identify vulnerabilities and strengths in component sourcing, manufacturing hubs, and lead time variability. Cost-To-Performance Ratio Insights – Helps You Evaluate How Design Efficiency And economies of scale are improving price-performance ratios across device categories.
Helps You Evaluate How Design Efficiency And economies of scale are improving price-performance ratios across device categories. Regulatory & Standardization Trends – helps you track how global environmental regulations and industry standards are influencing design and procurement decisions.
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
High Purity Gas Market is Projected with A Value of USD 55.79 Billion by 2032, Driven by Rising Demand in Semiconductor Manufacturing
By GlobeNewswire Published on August 13, 2025, 11:27 IST Austin, Aug. 13, 2025 (GLOBE NEWSWIRE) — The High Purity Gas Market Size was valued at USD 34.61 billion in 2024 and is expected to reach USD 55.79 billion by 2032, growing at a CAGR of 6.16% over the forecast period of 2025-2032. Technological Advances and Regulatory Standards Propel Adoption of High Purity Gases Across Electronics, Healthcare, and Clean Energy Applications Globally High purity gases, with minimal contaminants, are increasingly vital in electronics, healthcare, chemicals, and food processing. The U.S. Department of Energy noted a 12% surge in ultra-high purity nitrogen and argon demand in semiconductor fabrication under the CHIPS Act. The European Industrial Gases Association reported a 9% rise in medical oxygen usage in 2023. Air Products opened a new hydrogen facility in Texas in January 2024 to meet growing clean energy and electronics needs. Strict FDA and ISO standards, coupled with advanced monitoring systems, are driving adoption worldwide. Download PDF Sample of High Purity Gas Market @ The U.S. dominates the North American High Purity Gas market, with a market size of USD 7.18 billion in 2024, and is expected to reach USD 11.45 billion by 2032, holding a market share of 72%. The U.S. High Purity Gas Market is expanding rapidly due to surging semiconductor manufacturing investments, increased demand for medical-grade gases, and the growth of clean energy initiatives. Expansion of facilities by companies like Air Liquide and Linde, combined with government-backed infrastructure spending, is fostering long-term growth. Key Players: Linde plc Air Liquide S.A. Air Products and Chemicals, Inc. Messer Group GmbH Matheson Tri-Gas, Inc. Iwatani Corporation Nippon Sanso Holdings Corporation Taiyo Nippon Sanso Corporation Resonac Holdings Corporation Gruppo SIAD S.p.A. High Purity Gas Market Report Scope: Report Attributes Details Market Size in 2024 USD 34.61 billion Market Size by 2032 USD 55.79 billion CAGR CAGR of 6.16% From 2025 to 2032 Base Year 2024 Forecast Period 2025-2032 Historical Data 2021-2023 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments •By Type (High Atmospheric Gas, Noble Gas, Carbon Gas, and Others),•By Function (Insulation, Illumination, and Coolant),•By Storage & Distribution And Transportation (Cylinders/Packaged Gas, Merchant Liquid, and Tonnage), •By End-Use Industry (Electronics, Metal Production, Chemicals, Oil & Gas, Medical & Healthcare, Food & Beverage, and Others) If You Need Any Customization on High Purity Gas Market Report, Inquire Now @ By Type, the Noble Gas Dominated the High Purity Gas Market in 2024, with a 40.6% Market Share. The dominance is due to their essential role in electronics manufacturing, particularly in semiconductor lithography, LCD panels, and fiber optics. Argon prevents oxidation during microchip production, while helium aids MRI cooling systems. Aerospace applications use noble gases for pressurization and propulsion. Growing demand for high-performance electronics in the Asia Pacific and North America, along with renewable energy investments, is boosting consumption. Advances in recycling and recovery technologies have enhanced cost efficiency and environmental sustainability, reinforcing their importance across multiple high-tech and industrial sectors globally. By End-Use Industry, the Electronics Segment dominated the High Purity Gas Market in 2024, with a 36.8% Market Share. The dominance is due to the surge in semiconductor, LED, and photovoltaic cell production. High-purity gases support critical processes such as etching, deposition, and cleaning. In the U.S., CHIPS Act funding has increased nitrogen, hydrogen, and argon demand. In the Asia Pacific, expansions by TSMC and Samsung have fueled usage. The rapid adoption of electric vehicles, smart devices, and renewable energy technologies further strengthens the electronics sector demand, ensuring steady long-term consumption across both mature and emerging manufacturing economies. By Region, Asia Pacific dominated and is the fastest growing region in the High Purity Gas Market in 2024, Holding A 35.1% Market Share with a CAGR of 6.53% from 2025 to 2032. The dominance is due to strong electronics manufacturing bases in China, Japan, South Korea, and Taiwan. Large-scale semiconductor fabrication, high medical gas usage, and growing steel production drive regional consumption. China is rapidly increasing production capacities, while Japan's electronics sector maintains heavy reliance on ultra-high purity gases. Government-led clean energy programs also accelerate hydrogen and oxygen adoption. This combination of industrial capacity, technological expertise, and policy support positions the Asia Pacific as the global leader in high purity gas demand and production. Recent Developments In June 2025, Messer invested RMB 250 million to supply ultra-high purity nitrogen, oxygen, hydrogen, and carbon dioxide for BOE's Chengdu AMOLED plant, supporting strict purity needs in advanced display manufacturing operations. Messer invested RMB 250 million to supply ultra-high purity nitrogen, oxygen, hydrogen, and carbon dioxide for BOE's Chengdu AMOLED plant, supporting strict purity needs in advanced display manufacturing operations. In December 2024, Air Products exited a Texas green hydrogen joint venture due to economic shifts, affecting projected high-purity hydrogen availability for electronics, clean energy applications, and industrial processes requiring stringent purity. Buy Full Research Report on High Purity Gas Market 2025-2032 @ USPs of the High Purity Gas Market Purity Grade Demand Analysis Across Industrial Sectors – Enables market targeting by identifying which industries demand specific purity levels, helping clients align product specifications with sectoral requirements. Enables market targeting by identifying which industries demand specific purity levels, helping clients align product specifications with sectoral requirements. Price Trend Mapping For Key Raw Inputs – Supports budgeting and procurement strategies by tracking fluctuations in raw material costs, such as energy and feedstock, impacting overall gas production expenses. Supports budgeting and procurement strategies by tracking fluctuations in raw material costs, such as energy and feedstock, impacting overall gas production expenses. Capital Investment Trends In Gas Production Facilities – Assists in strategic planning by highlighting where companies are building or upgrading facilities for high-purity gas manufacturing. Assists in strategic planning by highlighting where companies are building or upgrading facilities for high-purity gas manufacturing. Regional Regulatory Compliance Adoption Rates – Helps gauge market readiness and compliance costs by tracking adherence to ISO, FDA, or EIGA purity standards. Helps gauge market readiness and compliance costs by tracking adherence to ISO, FDA, or EIGA purity standards. Import-Export Volume Shifts By Gas Category – Guides clients in identifying emerging export markets and understanding competitive positioning in global trade. Guides clients in identifying emerging export markets and understanding competitive positioning in global trade. Environmental Impact Assessments Of Gas Production Facilities – Assists in ESG reporting and sustainability strategy by quantifying emissions and resource use. Assists in ESG reporting and sustainability strategy by quantifying emissions and resource use. Trade Tariff Impact Assessments On Gas Pricing – Aids pricing strategy by evaluating the effects of changing import/export duties. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
an hour ago
- Business Upturn
L&T Energy GreenTech partners with ITOCHU to develop 300 KTPA green ammonia project in Gujarat
L&T Energy GreenTech Ltd (LTEG), a wholly-owned subsidiary of Larsen & Toubro (L&T), has joined hands with Japan's ITOCHU Corporation to develop and commercialize a 300 KTPA green ammonia project at Kandla, Gujarat. This strategic partnership marks a significant milestone in promoting sustainable energy solutions for the maritime sector. Under the Joint Development Agreement (JDA), LTEG and ITOCHU will collaborate on building the green ammonia plant, with ITOCHU planning to offtake the ammonia for bunkering applications in Singapore. This initiative aligns with both companies' commitment to decarbonization and low-carbon marine fuels. Last year, L&T acquired a large land parcel at Kandla to strengthen its footprint in green hydrogen and green ammonia projects. The new collaboration further supports LTEG's vision to create a comprehensive presence across the green energy value chain while complementing ITOCHU's efforts to promote zero-emission ammonia-based fuels. India's vast renewable resources and competitive electricity costs make it an ideal hub for green hydrogen production. The country's National Green Hydrogen Mission aims to achieve a production capacity of at least 5 MMTPA by 2030, attracting investments exceeding USD 100 billion. This initiative is poised to drive industrial innovation, generate green jobs, and enhance India's energy security. With the LTEG-ITOCHU partnership, India takes another step toward becoming a global leader in green hydrogen and sustainable maritime fuel solutions, contributing to a cleaner, low-carbon future. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
an hour ago
- Business Upturn
Cornish Metals Provides an Update on Dewatering and Shaft Refurbishment
By GlobeNewswire Published on August 13, 2025, 11:00 IST VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) — Cornish Metals Inc. (AIM/TSX-V: CUSN) ('Cornish Metals' or the 'Company'), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that mine dewatering and refurbishment of New Cook's Kitchen ('NCK') shaft is progressing well and in-line with the latest update on 23 July 2025. Shaft refurbishment and mine dewatering have now reached the mid-shaft pump station located at approximately 360 metres below surface in NCK shaft. Securing the work area and stabilising of the underground chamber of the pump station, enabling the installation of new permanent pumps, has commenced. Shaft refurbishment and mine dewatering will continue in parallel with this work, down to the current level of the submersible pumps at approximately 380 metres below surface. Work on the pump station is expected to be completed during Q4 2025. The submersible pumps will then be lowered to the lower pump station level (approximately 730 metres below surface) and mine dewatering and shaft refurbishment will resume at that point. Mine dewatering and NCK shaft refurbishment to the lower pump station level are expected in mid-2026, as previously guided. ABOUT CORNISH METALS Cornish Metals is a dual-listed mineral exploration and development company (AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards production. South Crofty: is a historical, high-grade, underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations; is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure; would be the only primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia; benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate over 300 direct jobs. ON BEHALF OF THE BOARD OF DIRECTORS 'Don Turvey' Don Turvey CEO and Director Engage with us directly at our investor hub. Sign up at: For additional information please contact: Cornish Metals Fawzi Hanano Irene Dorsman [email protected] [email protected] Tel: +1 (604) 200 6664 SP Angel Corporate Finance LLP (Nominated Adviser & Joint Broker) Richard Morrison Charlie Bouverat Grant Barker Tel: +44 203 470 0470 Hannam & Partners (Joint Broker) Matthew HassonAndrew Chubb Jay Ashfield [email protected] Tel: +44 207 907 8500 BlytheRay (Financial PR) Tim Blythe Megan Ray [email protected] Tel: +44 207 138 3204 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release . Caution regarding forward looking statements This news release may contain certain 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements'). Forward-looking statements include predictions, projections, outlook, guidance, estimates and forecasts and other statements regarding future plans, the realisation, cost, timing and extent of mineral resource or mineral reserve estimates, estimation of commodity prices, currency exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital and the Company's ability to obtain financing when required and on terms acceptable to the Company, future or estimated mine life and other activities or achievements of Cornish Metals. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'forecast', 'expect', 'potential', 'project', 'target', 'schedule', 'budget' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could', 'would' or 'might' occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. The list is not exhaustive of the factors that may affect Cornish's forward-looking statements. Cornish Metals' forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Cornish Metals does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
