Power Electronic Testing Market

The global power electronics testing 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. Various factors drive the need for power electronics testing, especially with the growth of electric vehicles and renewable energy applications that demand careful testing of the components. Energy efficiency and advanced technologies push for the need in thorough testing techniques. Applying data analytics and virtual prototyping in to the industry improves testing and minimizes product developmental time. Due to growing technological development in automotive and electronics, it is necessary to have stable testing systems for maintaining good output and quality as well as adhering with the laws and rules. The requirement for stable power electronics is high in various industries, and therefore, a complete set of testing protocols is useful.

SGS SA, Bureau Veritas, Intertek Group plc, Advantest Corporation, Teradyne Inc., DEKRA, TÜV SÜD, National Instruments Corp., TÜV Rheinland, DNV GL, CSA Group, TÜV NORD Group, UL LLC, Cohu, Inc., Rohde & Schwarz, Keysight Technologies, and Chroma ATE Inc., are some of the key players in the power electronics testing market.

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Major Power Electronic companies include:

• SGS SA (Switzerland)
• Bureau Veritas (France)
• Intertek Group plc (UK)
• Advantest Corporation (Japan)
• Teradyne Inc. (US)
• DEKRA (Germany)
• TÜV SÜD (Germany)
• National Instruments Corp. (US)
• TÜV RHEINLAND (Germany)
• TÜV NORD Group (Germany)
• UL LLC (US)
• Cohu, Inc. (US)
• Rohde & Schwarz (Germany)
• Keysight Technologies (US)
• Chroma ATE Inc. (Taiwan)

SGS SA is a market leader engaged in the of testing, inspection, and certification of solutions related to power electronic testing services. The services offered in their portfolio include safety testing, performance testing, efficiency testing and conformity assessment to international standards on power electronics products which include converters, inverters among others and power supplies. Testing Service Company SGS focuses on testing services in environmental, electrical, EMC, as well as durability, providing reliability and compliance of products in various sectors including automobile, wind and solar and consumer electronics. One of the major competitive advantages of SGS is that it has a vast network of accredited labs worldwide and its experienced team provide customized solutions in compliance with local and international standards.

Advantest Corporation is an automated test equipment (ATE) solution provider that focuses on providing high-end power electronic testing systems for semiconductor power devices used in the power control, automotive, and energy sectors. The equipment allows them to verify power ICs, discrete components, and modules for power efficiency, thermal performance and reliability under different stress conditions. Some of the industry’s major offerings by Advantest are precision current/voltage measurements, load testing, and high power device characterization. Its key advantage consists of technological novelties, adaptability to mass production, and implementation of Al and machine learning to predict time for equipment failure, which enables manufacturers to lower the cost of testing and launch products to the market.

TÜV SÜD is an established name in the field of technical services which offer power electronics testing and certification across the globe for new and renewable energy systems, electric vehicles, industrial automation and much more. The company provides diverse testing solutions regarding safety, efficiency, dependability, and conformity with global standards for power electronic devices including inverters, converters, and batteries. As for the electrical safety, EMC, thermal and environmental tests, TÜV SÜD is an excellent solutions provider that makes sure that the products are compliant with the various regulations. Among the most significant assets of TÜV SÜD is a deep understanding of the risks related to the fields the company operates and a great reputation for impartiality and reliability, which gives the clients confidence in their certifications and eases their market entry across various locations.

Intertek Group plc is a global provider of quality and safety services offering customized testing solutions that implement new and renewable power electronics to automotive, renewals, and consumer electronics markets. This company provides contracting services of electrical safety, performance test, EMC and environmental test for power electronic devices like inverters, charger and batteries. The business strength of Intertek primarily focuses on the access of the accredited laboratories’ network together with the provision of qualitative and dependability testing services that meet the global standards and international regulations. With Intertek ‘s extensive industry knowledge and the adoption of innovative and sophisticated test solutions, Intertek improves product safety, reliability, and marketability to successfully meet the stringent regulatory requirements in many regions.

Teradyne Inc. is one of the leading global solution providers in the ATE industry with a focus on power electronic testing of semiconductors and electronic devices used in automotive, industrial, and consumer electronics industries. Some of the services that are provided by this firm include; high voltage and high current testing, thermal characterization testing, and reliability testing for power ICs, inverters, and power management products. One of the major strengths is beneath Teradyne’s specialized and highly sophisticated testing technology, including its own patented test platforms and software that integrate data analysis and artificial intelligence to improve testing capability. It also helps manufacturers realize cost savings and the reliability and performance of their power electronic components in the global market.

Related Reports:

Power Electronic Testing Market 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

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