Electrical Test Equipment Market Report 2026

Electrical Test Equipment Market Overview

• Electrical Test Equipment market size has reached to $7 billion in 2025 • Expected to grow to $9.16 billion in 2030 at a compound annual growth rate (CAGR) of 5.5% • Growth Driver: Electricity-Related Accidents Fueling Demand For Electric Test Equipment Market • Market Trend: Adoption Of Optically-Isolated Differential Probes For High-Voltage Power-Electronics Testing • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Electrical Test Equipment Market?

Electrical test equipment refers to devices and instruments used in the field of electrical engineering and electronics to measure, test, diagnose, and troubleshoot various electrical parameters and systems. These tools are essential for ensuring the proper functioning, safety, and performance of electrical circuits, equipment, and installations. The main types of electrical test equipment are stationary and portable. Stationary equipment refers to fixed machinery and assets that remain in a fixed location, such as industrial processing units or manufacturing machinery. It is used in various applications such as voltage testing, functionality testing and others and is employed in different verticals such as automotive and transportation, aerospace and defense, information technology (IT) and telecommunications, education and government, semiconductors and electronics, industrial, healthcare, energy and power and others.

What Is The Electrical Test Equipment Market Growth Forecast?

The electrical test equipment market size is expected to see strong growth in the next few years. It will grow to $9.16 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to growth in electric vehicle infrastructure testing, rising demand for predictive maintenance tools, increasing adoption of AI backed diagnostic testing, expansion of renewable energy system verification, growing focus on ensuring grid stability and quality. Major trends in the forecast period include growing adoption of smart connected test instruments, increasing shift toward portable and handheld testing devices, rising integration of advanced safety and diagnostic features, expansion of automated testing solutions in industrial setups, growing demand for high voltage and power quality testing.

What Is The Driver Of The Electrical Test Equipment Market?

The rising incidence of electricity-related accidents is expected to propel the growth of the electric test equipment market going forward. Electricity-related accidents refer to incidents resulting from unintended and harmful interactions with electrical energy, often causing injury, damage, or fatalities. These accidents arise because of inadequate safety measures, a lack of awareness, improper maintenance of electrical infrastructure, and insufficient training on electrical safety practices. Electric test equipment is used as a primary component to prevent electricity accidents by helping identify potential hazards, assessing the condition of electrical systems, and ensuring compliance with safety standards. For instance, in March 2025, according to Electrical Safety Foundation International (ESFI), a U.S.-based non-profit organization, the electrical fatalities increased from 111 in 2022 to 120 in 2023. Therefore, the rising incidence of electricity-related accidents is driving the growth of the electric test equipment market.

Key Players In The Global Electrical Test Equipment Market

Major companies operating in the electrical test equipment market are Tektronix Inc., Keysight Technologies Inc., Haefely Hipotronics Inc., Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, Flir Systems Inc., National Instruments Corporation, Testo SE & Co. KGaA, Chroma ATE Inc., Anritsu Corporation, Megger Group Limited, Hioki Corporation, Transcat Inc., TDK-Lambda Corporation, OMICRON electronics GmbH, GW Instek Inc., Kikusui Electronics Corporation, Kyoritsu Electrical Instruments Works Ltd., Elcometer Limited, Seaward Group, AEMC Instruments (Chauvin Arnoux Inc.), B&K Precision Corporation, PCE Holding GmbH, Scientific Mes-Technik Pvt. Ltd., Beha-Amprobe GmbH, Electrical Test Instruments LLC (ETI)

Global Electrical Test Equipment Market Trends and Insights

Major companies are operating the electrical test equipment market, focusing on developing technological advancements such as optically isolated differential probes for high-voltage applications to improve measurement accuracy, safety, and signal integrity in EV inverters, renewable-energy converters, and wide-bandgap semiconductor devices. An optically isolated differential probe uses galvanic isolation and high common-mode voltage rejection to accurately measure small differential signals riding on high floating voltages, unlike traditional probes, which often struggle with noise, safety, and interference. For instance, in March 2025, Keysight Technologies, Inc., a U.S.-based test and measurement company, launched the Optically Isolated Differential Probing Series designed for high-voltage power electronics testing. The product supports a ±2,500 V differential range with up to 1 GHz bandwidth, provides exceptional common-mode voltage rejection, and is targeted at applications such as EV inverter half-bridge/full-bridge topologies and GaN/SiC power module testing.

What Are Latest Mergers And Acquisitions In The Electrical Test Equipment Market?

In October 2023, Emerson Electric Co., a US-based technology company, acquired National Instruments for $8.2 billion. With this acquisition, Emerson Electric aims to expand its portfolio by incorporating National Instrument's expertise in providing electrical test equipment. National Instruments Inc. is a US-based company that manufactures electrical test equipment.

What Defines the Electrical Test Equipment Market?

The electrical test equipment market consists of revenues earned by entities providing services such as voltage testing, current measurement, resistance measurement, continuity testing, insulation testing, and power quality analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The electrical test equipment market also includes sales of multimeters, oscilloscopes, power analyzers, signal generators, insulation testers, and circuit analyzers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Electrical Test Equipment Market Report 2026?

The electrical test equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the electrical test equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.