パワーエレクトロニクス試験市場 – 2029年までの世界予測

Power Electronic Market - Global Forecast to 2029

パワーエレクトロニクス試験市場 - パワーディスクリート (ダイオード、トランジスタ、サイリスタ)、パワーモジュール、パワー集積回路 (IC)、電磁両立性 (EMC) テスト、無線周波数 (RF) テスト、エネルギー効率テスト - 2029年までの世界予測
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

商品番号 : SMB-67648

出版社MarketsandMarkets
出版年月2024年10月
ページ数305
図表数331
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

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.

世界的なパワーエレクトロニクス試験は、2024 年に 57 億米ドルと評価され、2029 年までに 93 億米ドルに達すると予測されています。予測期間中に 10.2% の CAGR を記録すると予想されます。

Due to the development of electric vehicles and the potential for renewable energy, power electronics will undergo more testing due to the need for powerful conversion devices for optimum performance and reliability. Additionally, wide-bandgap semiconductors require much more sophisticated testing methods since they can operate at higher switching frequencies and have good thermal resistance. With a growing demand for consumer electronics to be assimilated with automotive components and energy-efficient, testing rules become all the more tight. In smart grids, 5G networks, and industrial automation, reliable and efficient power electronics become the need of the hour.

パワーエレクトロニクス試験市場 - 2029年までの世界予測
power-electronics-testing-market_oveview

“The testing equipment segment of power electronics testing market is expected to have significant market share during the forecast period.”

During the forecast period, the demand for precise and efficient testing in areas like automotive and telecommunication (ICT) is likely to boost growth in the power electronics testing market segment. In evaluating power electronics systems crucial tools include Automated Test Equipment (ATE) for optimizing testing workflows and oscilloscopes for studying waveforms. Network analyzers evaluate signal quality in RF and microwave devices; multimeters obtain vital electrical assessments; and signal generators create actual waveforms to verify circuit reactions. As electric vehicles and wide-bandgap semiconductors enhance the complexity of power electronics systems testing tools become key to ensuring compliance and performance.

パワーエレクトロニクス試験市場 - 2029年までの世界予測 12
power-electronics-testing-market-impact

“The Power IC device type to account for largest markete share during the forecast period”

A substantial percentage of more than 50% belongs to the power IC category in the power electronics testing field as it is essential in controlling and distributing electrical power across several industries including telecommunications and automotive. With the rise of electric vehicles and energy-efficient equipment the need for thorough testing of power ICs has grown. The growing compactness and complexity of devices elevates the significance of power ICs. In addition to developing wide-bandgap materials in semiconductors advancements necessitate specific testing methods for enhanced performance in high-stress environments. Smart devices and IoT applications depend greatly on power management systems and enhance the ongoing need for power ICs beyond doubt.

“The North America is likely to grow at the significant CAGR during the forecast period.”

The power electronics testing market in North America is expected to show strong growth over the forecast period. Electric vehicles (EVs), developments in renewable energy technologies and an ongoing digital change across diverse industries are contributing to this advancement. The automotive industry in this area generates considerable demand for power electronics testing to maintain the performance and dependability of vital modules like battery management systems and chargers. North America focuses on shifting to cleaner energy forms like wind and solar which necessitates strong power electronics testing for solar inverters and grid combination. Enforcement of safe practices and energy efficient regulations heighten the necessity for thorough testing solutions. Major technological firms and testing organizations exist in this area like National Instruments and Keysight Technologies that are creating testing tools to address the changing needs of industries such as telecoms aerospace and defense. As 5G networks expand and data centers and cloud solutions gain importance,the requirement for efficient power electronics rises exponentially and necessitates sophisticated testing for reliable operations. These elements put North America forward as a major area for advancement in the power electronics testing sector.

パワーエレクトロニクス試験市場 - 2029年までの世界予測 region
power-electronics-testing-market-region

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type – Tier 1 – 55%, Tier 2 – 25%, Tier 3 – 20%
  • By Designation—Directors – 50%, Managers – 30%, Others – 20%
  • By Region— Asia Pacific – 40%, Europe – 35%, , North America – 20%, RoW – 5%

The power electronics testing market is dominated by a few globally established players such as 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), and Chroma ATE Inc. (Taiwan). The study includes an in-depth competitive analysis of these key players in the power electronics testing market, with their company profiles, recent developments, and key market strategies.

パワーエレクトロニクス試験市場 - 2029年までの世界予測 ecosystem
power-electronics-testing-market-ecosystem

Research Coverage:

The report segments the power electronics testing market and forecasts its size by offering, device type, and verticals. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the power electronics testing ecosystem.

Key Benefits to Buy the Report:

  • Analysis of key drivers (The surge in EV adoption, increasing the need for testing services; widespread adoption and expansion of renewable resources; regulatory policies and industry demand for energy-efficiency power systems have driven the need of rigorous testing), restraint (The rapid evolution of semiconductor materials like SiC and GaN increases the complexity of testing), opportunity (Increasing reliance on high-efficiency power electronics for avionics and defense systems; power electronics in telecom systems need testing for reliability under continuous operation, driving demand for specialized testing services), challenges (Adhering to various global safety, efficiency, and quality standards can be complex and resource-intensive for manufacturers)
  • Service Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the power electronics testing market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the power electronics testing market across varied regions
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the power electronics testing market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like 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), and Chroma ATE Inc. (Taiwan).

Table of Contents

1            INTRODUCTION            28

1.1         STUDY OBJECTIVES      28

1.2         MARKET DEFINITION   28

1.3         STUDY SCOPE  29

1.3.1      MARKETS COVERED     29

1.3.2      INCLUSIONS AND EXCLUSIONS 30

1.3.3      YEARS CONSIDERED     31

1.4         CURRENCY CONSIDERED          31

1.5         LIMITATIONS   31

1.6         STAKEHOLDERS            32

2            RESEARCH METHODOLOGY     33

2.1         RESEARCH APPROACH 33

2.1.1      SECONDARY DATA       35

2.1.1.1   List of key secondary sources           35

2.1.1.2   Key data from secondary sources     36

2.1.2      PRIMARY DATA 36

2.1.2.1   Key data from primary sources         37

2.1.2.2   Key industry insights          38

2.1.2.3   Breakdown of primaries     38

2.1.3      SECONDARY AND PRIMARY RESEARCH 39

2.2         MARKET SIZE ESTIMATION       39

2.2.1      BOTTOM-UP APPROACH           42

2.2.1.1   Approach to estimate market size by bottom-up analysis            42

2.2.2      TOP-DOWN APPROACH             43

2.2.2.1   Approach to estimate market share by top-down analysis           43

2.3         DATA TRIANGULATION             44

2.4         RESEARCH ASSUMPTIONS         45

2.5         RISK ASSESSMENT         46

3            EXECUTIVE SUMMARY 47

4            PREMIUM INSIGHTS      52

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER ELECTRONICS TESTING MARKET          52

4.2         POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE              52

4.3         POWER ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL              53

4.4         POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE              53

4.5         POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE   54

4.6         POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION              54

5            MARKET OVERVIEW     55

5.1         MARKET DYNAMICS     55

5.1.1      DRIVERS            56

5.1.1.1   Surge in EV adoption to increase need for testing services         56

5.1.1.2   Widespread adoption and expansion of renewable energy sources            58

5.1.1.3   Growth in demand for energy-efficient power electronics in consumer electronics and enterprises    59

5.1.1.4   Regulatory policies and industry demand for energy-efficient power systems to drive need for rigorous testing          59

5.1.1.5   Demand for higher-voltage systems in industries such as railways, electric grids, and data centers to drive demand for specialized testing equipment         60

5.1.2      RESTRAINTS     62

5.1.2.1   Rapid evolution of semiconductor materials such as SiC and GaN increases complexity of testing          62

5.1.2.2   High initial investment costs in power electronics testing           62

5.1.3      OPPORTUNITIES           64

5.1.3.1   Increasing reliance on high-efficiency power electronics for avionics and defense systems  64

5.1.3.2   Growth in importance of electrification in industrial applications             65

5.1.3.3   Expansion of 5G and telecommunications      66

5.1.4      CHALLENGES   67

5.1.4.1   Adhering to various global safety, efficiency, and quality standards can be complex and resource-intensive for manufacturers      67

5.2         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68

5.3         PRICING ANALYSIS        69

5.3.1      AVERAGE SELLING PRICE TREND AMONG KEY PLAYERS FOR TESTING EQUIPMENT, 2023         70

5.3.2      AVERAGE SELLING PRICE OF AUTOMATED TESTING EQUIPMENT OFFERED BY TOP EQUIPMENT PROVIDERS       70

5.3.3      AVERAGE SELLING PRICE TREND OF POWER ELECTRONICS TEST EQUIPMENT, BY REGION           73

5.4         SUPPLY CHAIN ANALYSIS          74

5.5         ECOSYSTEM ANALYSIS 76

5.6         INVESTMENT AND FUNDING SCENARIO            78

5.7         TECHNOLOGY ANALYSIS           78

5.7.1      KEY TECHNOLOGIES    78

5.7.1.1   Wide bandgap semiconductors (SiC, GaN)    78

5.7.1.2   Finite element analysis (FEA)          79

5.7.2      COMPLEMENTARY TECHNOLOGY        79

5.7.2.1   Digital twin technology      79

5.7.3      ADJACENT TECHNOLOGIES      79

5.7.3.1   Automated test equipment (ATE)   79

5.7.3.2   Data acquisition and control (DAQ) systems 80

5.8         PATENT ANALYSIS        80

5.9         TRADE ANALYSIS          85

5.9.1      IMPORT SCENARIO       85

5.9.2      EXPORT SCENARIO       87

5.10       KEY CONFERENCES AND EVENTS, 2024–2025     88

5.11       CASE STUDY ANALYSIS 89

5.11.1    SEMIPOWEREX DEVELOPED SIC POWER MODULES OPTIMIZED FOR POWER CONVERSION SYSTEMS 89

5.11.2    TRANSPHORM ENABLED CORSAIR TO OFFER HIGH-PERFORMANCE POWER SUPPLY UNITS (PSU)    89

5.11.3    DELTA ELECTRONICS POWERED DATA CENTERS WITH GALLIUM NITRIDE FROM TEXAS INSTRUMENTS INCORPORATED             89

5.12       TARIFF AND REGULATORY LANDSCAPE            90

5.12.1    TARIFF ANALYSIS          90

5.12.2    REGULATORY ANALYSIS            91

5.12.2.1 Regulatory bodies, government agencies, and other organizations            91

5.12.2.2 Standards            92

5.13       PORTER’S FIVE FORCES ANALYSIS         92

5.13.1    THREAT OF NEW ENTRANTS    94

5.13.2    THREAT OF SUBSTITUTES         94

5.13.3    BARGAINING POWER OF SUPPLIERS     94

5.13.4    BARGAINING POWER OF BUYERS           94

5.13.5    INTENSITY OF COMPETITIVE RIVALRY 95

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    95

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         95

5.14.2    BUYING CRITERIA         96

5.15       IMPACT OF AI/GEN AI ON POWER ELECTRONICS TESTING MARKET              97

5.15.1    INTRODUCTION            97

5.15.2    USE OF GEN AI IN POWER ELECTRONICS TESTING        98

5.15.3    IMPACT ON POWER ELECTRONICS TESTING MARKET  99

5.15.4    ADJACENT ECOSYSTEM WORKING ON GEN AI  99

6            POWER ELECTRONICS TESTING MARKET, BY OFFERING            100

6.1         INTRODUCTION            101

6.2         TESTING EQUIPMENT  102

6.2.1      AUTOMATED TEST EQUIPMENT           104

6.2.1.1   Rise in focus on shortening manufacturing time and reduction in product recall rate        104

6.2.2      OSCILLOSCOPES           104

6.2.2.1   Increasing demand for miniature electronic devices     104

6.2.3      SIGNAL GENERATORS  105

6.2.3.1   Ability to generate diverse, precise, and stable signals  105

6.2.4      MULTIMETERS 105

6.2.4.1   Portability and versatility to boost adoption in fields and testing labs       105

6.2.5      LOGIC ANALYZERS       106

6.2.5.1   Comprehensive use in troubleshooting digital circuits and communication systems              106

6.2.6      SPECTRUM ANALYZERS             106

6.2.6.1   Ability to provide detailed insights into frequency content, power, and modulation of signals              106

6.2.7      BERT SOLUTIONS          107

6.2.7.1   Pressing need to make informed choices about product development, process improvements, and resource allocation          107

6.2.8      NETWORK ANALYZERS 108

6.2.8.1   Strong focus on improving reliability and efficiency of electronic networks              108

6.3         TESTING SERVICES       108

6.3.1      ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING 110

6.3.1.1   Need to ensure proper electromagnetic behavior grows as power electronics become more advanced      110

6.3.2      ELECTRICAL SAFETY TESTING 110

6.3.2.1   Need to verify that products can operate safely under normal and fault conditions              110

6.3.3      RADIO FREQUENCY (RF) TESTING        111

6.3.3.1   Ensuring that power electronic devices do not emit excessive EMI and are resistant to external RF noise           111

6.3.4      ENERGY EFFICIENCY TESTING 111

6.3.4.1   Ensuring that products consume less power and contribute to global sustainability efforts    111

7            POWER ELECTRONICS TESTING SERVICE MARKET, BY DEVICE TYPE              112

7.1         INTRODUCTION            113

7.2         POWER DISCRETE         114

7.2.1      INCREASE IN EMPHASIS ON POWER DISCRETE DEVICES WITH HIGH-FREQUENCY SWITCHING FOR IMPROVED EFFICIENCY IN VARIOUS APPLICATIONS 114

7.2.2      DIODE 122

7.2.2.1   Mounting type and diode packaging 122

7.2.2.1.1 Through-hole      122

7.2.2.1.2 Surface mount     122

7.2.2.1.3 Categories of packaging     123

7.2.2.2   PIN diode            123

7.2.2.3   Zener diode         123

7.2.2.4   Schottky diode     124

7.2.2.5   Switching diode   124

7.2.2.6   Rectifier diode     124

7.2.3      TRANSISTOR    125

7.2.3.1   Use of smart power transistors in augmenting system reliability and effective power management           125

7.2.3.2   Field-effect transistor (FET)           125

7.2.3.3   Bipolar junction transistor (BJT)     126

7.2.3.4   Insulated gate bipolar transistor (IGBT)        126

7.2.3.4.1 NPT IGBT          126

7.2.3.4.2 PT IGBT             127

7.2.4      THYRISTORS    127

7.3         POWER MODULE           127

7.3.1      SIGNIFICANT ROLE IN INDUSTRIAL DRIVES IN ENSURING PRECISE CONTROL OVER SPEED OF ELECTRIC MOTORS             127

7.3.2      STANDARD & POWER INTEGRATED MODULE  135

7.3.2.1   IGBT module      136

7.3.2.2   FET       136

7.3.2.2.1 MOSFET module 136

7.3.2.2.2 MOSFET, by type              136

7.3.2.2.2.1           N-channel            136

7.3.2.2.2.2           P-channel            137

7.3.2.2.3 MOSFET, by mode            137

7.3.2.2.3.1           Depletion mode   137

7.3.2.2.3.2           Enhancement mode           137

7.3.2.3   Other standard & power integrated module types        138

7.3.3      IPM       138

7.4         POWER INTEGRATED CIRCUIT (IC)       138

7.4.1      POWER MANAGEMENT IC          138

7.4.2      APPLICATION-SPECIFIC IC        138

8            POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL              146

8.1         INTRODUCTION            147

8.2         CONSUMER ELECTRONICS        149

8.2.1      INCREASING INTEGRATION OF POWER ELECTRONICS IN WEARABLES,

IOT DEVICES, AND SMART HOME DEVICES       149

8.3         INDUSTRIAL     151

8.3.1      GROWING ADOPTION OF DIGITAL CONTROL SYSTEMS AND ADVANCED ALGORITHMS IN POWER ELECTRONICS     151

8.4         ICT        153

8.4.1      RISE IN DEMAND FOR ADVANCED POWER ELECTRONIC DEVICES AND CONTROLLED COOLING FOR DATA CENTERS AND ICT EQUIPMENT    153

8.5         AUTOMOTIVE & TRANSPORTATION     155

8.5.1      INCREASING ADOPTION OF ELECTRIC VEHICLES WITH FAST CHARGING TO CONTRIBUTE TO MARKET GROWTH     155

8.6         AEROSPACE & DEFENSE             157

8.6.1      SHIFT TO ELECTRIC AIRCRAFT AND GROWING DEMAND FOR HIGH-FREQUENCY WARFARE SYSTEMS           157

8.7         OTHER VERTICALS       159

9            POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION              161

9.1         INTRODUCTION            162

9.2         NORTH AMERICA          165

9.2.1      NORTH AMERICA: MACROECONOMIC OUTLOOK          165

9.2.2      US         168

9.2.2.1   Adoption of wide bandgap semiconductor materials and focus on energy storage solutions for grid stability   168

9.2.3      CANADA            169

9.2.3.1   Rising need for power electronics for efficient power management from renewable sources  169

9.2.4      MEXICO             170

9.2.4.1   Nascent market to be driven by growing economy and increasing population              170

9.3         EUROPE             171

9.3.1      EUROPE: MACROECONOMIC OUTLOOK            171

9.3.2      UK         175

9.3.2.1   Active government support to reduce carbon footprint across various verticals, especially with substantial auto OEM presence            175

9.3.3      GERMANY         176

9.3.3.1   Significant contribution of power electronics to improving affordability and energy efficiency of EVs  176

9.3.4      FRANCE             177

9.3.4.1   Increasing focus on reducing pollution levels by shifting to EVs 177

9.3.5      ITALY   178

9.3.5.1   Among Europe’s leaders in producing electricity from renewable energy sources              178

9.3.6      REST OF EUROPE           178

9.4         ASIA PACIFIC    179

9.4.1      ASIA PACIFIC: MACROECONOMIC OUTLOOK    179

9.4.2      CHINA  183

9.4.2.1   Prominent manufacturer of consumer electronics and rapid adoption of EVs              183

9.4.3      JAPAN  184

9.4.3.1   Focus on renewable energy production and adoption of SiC technology   184

9.4.4      INDIA   185

9.4.4.1   Rapid urbanization and infrastructure modernization; high growth in solar energy adoption 185

9.4.5      SOUTH KOREA 185

9.4.5.1   Increased infrastructure projects, advanced transportation systems, and renewable energy initiatives  185

9.4.6      REST OF ASIA PACIFIC  186

9.5         ROW     187

9.5.1      ROW: MACROECONOMIC OUTLOOK    188

9.5.2      SOUTH AMERICA           190

9.5.2.1   Rise in demand for power electronics from energy and industrial sectors in Brazil              190

9.5.3      MIDDLE EAST & AFRICA             191

9.5.3.1   GCC      192

9.5.3.2   Rest of Middle East & Africa            192

10          COMPETITIVE LANDSCAPE       193

10.1       OVERVIEW        193

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     193

10.3       REVENUE ANALYSIS, 2020–2023 196

10.4       MARKET SHARE ANALYSIS, 2023             197

10.5       COMPANY VALUATION AND FINANCIAL METRICS        201

10.5.1    COMPANY VALUATION 201

10.5.2    FINANCIAL METRICS    202

10.6       BRAND/PRODUCT COMPARISON          203

10.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   204

10.7.1    STARS  204

10.7.2    EMERGING LEADERS    204

10.7.3    PERVASIVE PLAYERS     205

10.7.4    PARTICIPANTS 205

10.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      207

10.7.5.1 Company footprint            207

10.7.5.2 Device footprint  209

10.7.5.3 Testing equipment footprint            210

10.7.5.4 Testing services footprint  211

10.7.5.5 Vertical footprint 212

10.7.5.6 Region footprint  213

10.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          214

10.8.1    PROGRESSIVE COMPANIES       214

10.8.2    RESPONSIVE COMPANIES          214

10.8.3    DYNAMIC COMPANIES 214

10.8.4    STARTING BLOCKS       215

10.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             216

10.8.5.1 Detailed list of key startups/SMEs   216

10.8.5.2 Competitive benchmarking of key startups/SMEs        217

10.9       COMPETITIVE SCENARIO AND TRENDS             217

10.9.1    PRODUCT LAUNCHES  218

10.9.2    DEALS  221

10.9.3    EXPANSIONS    225

10.9.4    OTHER DEVELOPMENTS           227

11          COMPANY PROFILES    228

11.1       KEY TESTING SERVICE PROVIDERS       228

11.1.1    SGS SA  228

11.1.1.1 Business overview 228

11.1.1.2 Products/Products/Solutions/Services offered            230

11.1.1.3 Recent developments         231

11.1.1.3.1            Deals     231

11.1.1.3.2            Expansions          231

11.1.1.4 MnM view           232

11.1.1.4.1            Key strengths/Right to win 232

11.1.1.4.2            Strategic choices  232

11.1.1.4.3            Weaknesses and competitive threats 232

11.1.2    INTERTEK GROUP PLC 233

11.1.2.1 Business overview 233

11.1.2.2 Products/Solutions/Services offered 234

11.1.2.3 Recent developments         235

11.1.2.3.1            Deals     235

11.1.2.3.2            Other developments          236

11.1.2.4 MnM view           236

11.1.2.4.1            Key strengths/Right to win 236

11.1.2.4.2            Strategic choices made       236

11.1.2.4.3            Weaknesses and competitive threats 236

11.1.3    TÜV SÜD           237

11.1.3.1 Business overview 237

11.1.3.2 Products/Solutions/Services offered 238

11.1.3.3 Recent developments         239

11.1.3.3.1            Expansions          239

11.1.3.4 MnM view           240

11.1.3.4.1            Key strengths/Right to win 240

11.1.3.4.2            Strategic choices  240

11.1.3.4.3            Weaknesses and competitive threats 240

11.1.4    TÜV RHEINLAND           241

11.1.4.1 Business overview 241

11.1.4.2 Products/Solutions/Services offered 242

11.1.4.3 Recent developments         243

11.1.4.3.1            Product launches 243

11.1.4.3.2            Deals     244

11.1.5    EUROFINS SCIENTIFIC  245

11.1.5.1 Business overview 245

11.1.5.2 Products/Solutions/Services offered 247

11.1.5.3 Recent developments         247

11.1.5.3.1            Expansions          247

11.1.6    BUREAU VERITAS          248

11.1.6.1 Business overview 248

11.1.6.2 Products/Solutions/Services offered 249

11.1.6.3 Recent developments         250

11.1.6.3.1            Deals     250

11.1.7    TÜV NORD GROUP        251

11.1.7.1 Business overview 251

11.1.7.2 Products/Solutions/Services offered 253

11.1.8    DEKRA 255

11.1.8.1 Business overview 255

11.1.8.2 Products/Solutions/Services offered 256

11.1.8.3 Recent developments         257

11.1.8.3.1            Expansions          257

11.2       OTHER KEY TESTING SERVICE PROVIDERS       258

11.2.1    UL LLC 258

11.2.2    APPLUS+           259

11.2.3    ELEMENT MATERIALS TECHNOLOGY   260

11.2.4    DNV GL             261

11.2.5    CSA GROUP      262

11.2.6    TEKTRONIX, INC.           263

11.2.7    TESTILABS OY  264

11.3       KEY TESTING EQUIPMENT PROVIDERS 265

11.3.1    ADVANTEST CORPORATION    265

11.3.1.1 Business overview 265

11.3.1.2 Products/Solutions/Services offered 266

11.3.1.3 Recent developments         267

11.3.1.3.1            Product launches 267

11.3.1.3.2            Deals     267

11.3.1.4 MnM view           268

11.3.1.4.1            Key strengths/Right to win 268

11.3.1.4.2            Strategic choices  268

11.3.1.4.3            Weaknesses and competitive threats 268

11.3.2    TERADYNE INC.             269

11.3.2.1 Business overview 269

11.3.2.2 Products/Solutions/Services offered 270

11.3.2.3 MnM view           271

11.3.2.3.1            Key strengths/Right to win 271

11.3.2.3.2            Strategic choices  271

11.3.2.3.3            Weaknesses and competitive threats 271

11.3.3    ROHDE & SCHWARZ      272

11.3.3.1 Business overview 272

11.3.3.2 Products/Solutions/Services offered 273

11.3.3.3 Recent developments         274

11.3.3.3.1            Product launches 274

11.3.3.3.2            Deals     275

11.3.3.4 MnM view           275

11.3.3.4.1            Key strengths/Right to win 275

11.3.3.4.2            Strategic choices  275

11.3.3.4.3            Weaknesses and competitive threats 276

11.3.4    KEYSIGHT TECHNOLOGIES      277

11.3.4.1 Business overview 277

11.3.4.2 Products/Solutions/Services offered 279

11.3.4.3 Recent developments         280

11.3.4.3.1            Product launches 280

11.3.4.3.2            Deals     281

11.3.5    CHROMA ATE INC.         282

11.3.5.1 Business overview 282

11.3.5.2 Products/Solutions/Services offered 284

11.3.6    NATIONAL INSTRUMENTS CORP.          285

11.3.6.1 Business overview 285

11.3.6.2 Products/Solutions/Services offered 285

11.3.6.3 Recent developments         286

11.3.6.3.1            Product launches 286

11.3.7    COHU, INC.       287

11.3.7.1 Business overview 287

11.3.7.2 Products/Solutions/Services offered 288

11.3.7.3 Recent developments         288

11.3.7.3.1            Product launches 288

11.3.7.3.2            Deals     289

11.4       OTHER TESTING EQUIPMENT PROVIDERS        290

11.4.1    ANRITSU            290

11.4.2    DSPACE GMBH 291

11.4.3    ETS-LINDGREN 292

11.4.4    ORBIS SYSTEMS OY       292

11.4.5    OMICRON LAB 293

11.4.6    TESEC, INC.       293

11.4.7    GOOD WILL INSTRUMENT CO., LTD.    294

11.4.8    VAUNIX TECHNOLOGY CORPORATION             295

12          APPENDIX         296

12.1       INSIGHTS FROM INDUSTRY EXPERTS   296

12.2       DISCUSSION GUIDE      297

12.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             301

12.4       CUSTOMIZATION OPTIONS      303

12.5       RELATED REPORTS       303

12.6       AUTHOR DETAILS         304

LIST OF TABLES

TABLE 1             INCLUSIONS AND EXCLUSIONS 30

TABLE 2             LIST OF KEY SECONDARY SOURCES      35

TABLE 3             INTENDED PARTICIPANTS AND KEY OPINION LEADERS IN PRIMARY INTERVIEWS 37

TABLE 4             RISK ASSESSMENT: POWER ELECTRONICS TESTING MARKET              46

TABLE 5             PRICING TREND OF AUTOMATED TEST EQUIPMENT, BY TOP EQUIPMENT PROVIDER, 2020–2023 (USD MILLION)       70

TABLE 6             PRICING TREND OF NETWORK ANALYZER, BY TEST EQUIPMENT PROVIDER,

2020–2023 (USD)             71

TABLE 7             PRICING TREND OF SIGNAL ANALYZER, BY TEST EQUIPMENT PROVIDER,

2020–2023 (USD)             72

TABLE 8             PRICING TREND OF POWER ELECTRONICS TESTING EQUIPMENT,

BY REGION, 2020–2023 (USD)     73

TABLE 9             POWER ELECTRONICS TESTING MARKET: ECOSYSTEM 76

TABLE 10           LIST OF PATENTS PERTAINING TO POWER ELECTRONICS TESTING, 2020–2023      80

TABLE 11           IMPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES, BY COUNTRY, 2020–2023 (USD MILLION)        86

TABLE 12           EXPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES, BY COUNTRY, 2020–2023 (USD MILLION)        87

TABLE 13           POWER ELECTRONICS TESTING MARKET: DETAILED LIST OF RELATED CONFERENCES AND EVENTS, 2024–2025         88

TABLE 14           US: EXPORT TARIFF FOR HS CODE 8541 – SEMICONDUCTOR DEVICES, 2023  90

TABLE 15           HONG KONG: EXPORT TARIFF FOR HS CODE 8541 – SEMICONDUCTOR

DEVICES, 2023  90

TABLE 16           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 91

TABLE 17           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 91

TABLE 18           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 92

TABLE 19           POWER ELECTRONICS TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS         93

TABLE 20           INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%)  96

TABLE 21           KEY BUYING CRITERIA FOR TOP THREE VERTICALS     97

TABLE 22           POWER ELECTRONICS TESTING MARKET, BY OFFERING,

2020–2023 (USD MILLION)          101

TABLE 23           POWER ELECTRONICS TESTING MARKET, BY OFFERING,

2024–2029 (USD MILLION)          101

TABLE 24           POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE,

2020–2023 (USD MILLION)          102

TABLE 25           POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE,

2024–2029 (USD MILLION)          103

TABLE 26           POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2020–2023 (USD MILLION)          109

TABLE 27           POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          109

TABLE 28           POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2020–2023 (USD MILLION)          113

TABLE 29           POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2024–2029 (USD MILLION)          114

TABLE 30           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)          115

TABLE 31           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)          115

TABLE 32           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)            115

TABLE 33           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)            116

TABLE 34           NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     116

TABLE 35           NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     116

TABLE 36           EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            117

TABLE 37           EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            117

TABLE 38           ASIA PACIFIC: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            117

TABLE 39           ASIA PACIFIC: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            118

TABLE 40           ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION, 2020–2023 (USD MILLION)            118

TABLE 41           ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)            118

TABLE 42           NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)     119

TABLE 43           NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     119

TABLE 44           EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)            119

TABLE 45           EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            120

TABLE 46           ASIA PACIFIC: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)            120

TABLE 47           ASIA PACIFIC: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            120

TABLE 48           ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         121

TABLE 49           ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         121

TABLE 50           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2020–2023 (USD MILLION)          121

TABLE 51           POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)          122

TABLE 52           TRANSISTOR TESTING SERVICE MARKET, BY TYPE, 2020–2023 (USD MILLION) 125

TABLE 53           TRANSISTOR TESTING SERVICE MARKET, BY TYPE, 2024–2029 (USD MILLION) 125

TABLE 54           POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)          128

TABLE 55           POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)        128

TABLE 56           POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          128

TABLE 57           POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          129

TABLE 58           NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            129

TABLE 59           NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            129

TABLE 60           EUROPE: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            130

TABLE 61           EUROPE: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            130

TABLE 62           ASIA PACIFIC: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            130

TABLE 63           ASIA PACIFIC: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            131

TABLE 64           ROW: POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION, 2020–2023 (USD MILLION)            131

TABLE 65           ROW: POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)            131

TABLE 66           NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)            132

TABLE 67           NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            132

TABLE 68           EUROPE: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)            132

TABLE 69           EUROPE: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)          133

TABLE 70           ASIA PACIFIC: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)          133

TABLE 71           ASIA PACIFIC: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            133

TABLE 72           ROW: POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         134

TABLE 73           ROW: POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         134

TABLE 74           POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY TYPE,

2020–2023 (USD MILLION)          134

TABLE 75           POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY TYPE,

2024–2029 (USD MILLION)          135

TABLE 76           STANDARD & POWER INTEGRATED MODULE ELECTRONICS TESTING SERVICES MARKET, BY TYPE, 2020–2023 (USD MILLION)          135

TABLE 77           STANDARD & POWER INTEGRATED MODULE ELECTRONICS TESTING SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION)          136

TABLE 78           POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)          139

TABLE 79           POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)          139

TABLE 80           POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         139

TABLE 81           POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         140

TABLE 82           NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 140

TABLE 83           NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 140

TABLE 84           EUROPE: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            141

TABLE 85           EUROPE: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            141

TABLE 86           ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            141

TABLE 87           ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            142

TABLE 88           ROW: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION, 2020–2023 (USD MILLION)            142

TABLE 89           ROW: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION)            142

TABLE 90           NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          143

TABLE 91           NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          143

TABLE 92           EUROPE: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)  143

TABLE 93           EUROPE: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)  144

TABLE 94           ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          144

TABLE 95           ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)          144

TABLE 96           ROW: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)  145

TABLE 97           ROW: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)  145

TABLE 98           POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          147

TABLE 99           POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          148

TABLE 100         POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS, BY DEVICE TYPE, 2020–2023 (USD MILLION)              149

TABLE 101         POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS, BY DEVICE TYPE, 2024–2029 (USD MILLION)              150

TABLE 102         POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS, BY REGION, 2020–2023 (USD MILLION)        150

TABLE 103         POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS, BY REGION, 2024–2029 (USD MILLION)        150

TABLE 104         POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY DEVICE TYPE, 2020–2023 (USD MILLION)          151

TABLE 105         POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY DEVICE TYPE, 2024–2029 (USD MILLION)          152

TABLE 106         POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY REGION, 2020–2023 (USD MILLION)     152

TABLE 107         POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY REGION, 2024–2029 (USD MILLION)     152

TABLE 108         POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY DEVICE TYPE, 2020–2023 (USD MILLION)            153

TABLE 109         POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY DEVICE TYPE, 2024–2029 (USD MILLION)            154

TABLE 110         POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY REGION,

2020–2023 (USD MILLION)          154

TABLE 111         POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY REGION,

2024–2029 (USD MILLION)          154

TABLE 112         POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2020–2023 (USD MILLION)          155

TABLE 113         POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2024–2029 (USD MILLION)          156

TABLE 114         POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)              156

TABLE 115         POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)              156

TABLE 116         POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,

BY DEVICE TYPE, 2020–2023 (USD MILLION)      157

TABLE 117         POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,

BY DEVICE TYPE, 2024–2029 (USD MILLION)      158

TABLE 118         POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,

BY REGION, 2020–2023 (USD MILLION)  158

TABLE 119         POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,

BY REGION, 2024–2029 (USD MILLION)  158

TABLE 120         POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY DEVICE TYPE, 2020–2023 (USD MILLION)      159

TABLE 121         POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY DEVICE TYPE, 2024–2029 (USD MILLION)      159

TABLE 122         POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2020–2023 (USD MILLION)  159

TABLE 123         POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2024–2029 (USD MILLION)  160

TABLE 124         POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)          164

TABLE 125         POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)          164

TABLE 126         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   166

TABLE 127         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   167

TABLE 128         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         167

TABLE 129         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         167

TABLE 130         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)          168

TABLE 131         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            168

TABLE 132         US: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2020–2023 (USD MILLION)          169

TABLE 133         US: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2024–2029 (USD MILLION)          169

TABLE 134         CANADA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)      170

TABLE 135         CANADA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)      170

TABLE 136         MEXICO: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)      170

TABLE 137         MEXICO: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)      171

TABLE 138         EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)      173

TABLE 139         EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)      173

TABLE 140         EUROPE: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          173

TABLE 141         EUROPE: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          174

TABLE 142         EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          174

TABLE 143         EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          174

TABLE 144         UK: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2020–2023 (USD MILLION)          175

TABLE 145         UK: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2024–2029 (USD MILLION)          175

TABLE 146         GERMANY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   176

TABLE 147         GERMANY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   176

TABLE 148         FRANCE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)      177

TABLE 149         FRANCE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)      177

TABLE 150         ITALY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            178

TABLE 151         ITALY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)            178

TABLE 152         REST OF EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   179

TABLE 153         REST OF EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   179

TABLE 154         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   181

TABLE 155         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   181

TABLE 156         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         181

TABLE 157         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         182

TABLE 158         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY, 2020–2023 (USD MILLION)         182

TABLE 159         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY, 2024–2029 (USD MILLION)         182

TABLE 160         CHINA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)      183

TABLE 161         CHINA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)      183

TABLE 162         JAPAN: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            184

TABLE 163         JAPAN: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)            184

TABLE 164         INDIA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            185

TABLE 165         INDIA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)            185

TABLE 166         SOUTH KOREA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   186

TABLE 167         SOUTH KOREA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   186

TABLE 168         REST OF ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET,

BY DEVICE TYPE, 2020–2023 (USD MILLION)      187

TABLE 169         REST OF ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET,

BY DEVICE TYPE, 2024–2029 (USD MILLION)      187

TABLE 170         ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2020–2023 (USD MILLION)        188

TABLE 171         ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,

2024–2029 (USD MILLION)          188

TABLE 172         ROW: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          189

TABLE 173         ROW: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          189

TABLE 174         ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)          189

TABLE 175         ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)          190

TABLE 176         SOUTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)   190

TABLE 177         SOUTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)   191

TABLE 178         MIDDLE EAST & AFRICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY DEVICE TYPE, 2020–2023 (USD MILLION)      191

TABLE 179         MIDDLE EAST & AFRICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY DEVICE TYPE, 2024–2029 (USD MILLION)     191

TABLE 180         MIDDLE EAST & AFRICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY REGION, 2020–2023 (USD MILLION)  192

TABLE 181         MIDDLE EAST & AFRICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY REGION, 2024–2029 (USD MILLION)  192

TABLE 182         POWER ELECTRONICS TESTING EQUIPMENT MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024             193

TABLE 183         POWER ELECTRONICS TESTING SERVICES MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024             194

TABLE 184         POWER ELECTRONICS TESTING EQUIPMENT MARKET:

DEGREE OF COMPETITION, 2023           198

TABLE 185         POWER ELECTRONICS TESTING SERVICES MARKET:

DEGREE OF COMPETITION, 2023           200

TABLE 186         POWER ELECTRONICS TESTING MARKET: DEVICE TYPE FOOTPRINT, 2023          209

TABLE 187         POWER ELECTRONICS TESTING MARKET: TESTING EQUIPMENT FOOTPRINT, 2023 210

TABLE 188         POWER ELECTRONICS TESTING MARKET: TESTING SERVICES FOOTPRINT, 2023          211

TABLE 189         POWER ELECTRONICS TESTING MARKET: VERTICAL FOOTPRINT, 2023          212

TABLE 190         POWER ELECTRONICS TESTING MARKET: REGION FOOTPRINT, 2023          213

TABLE 191         POWER ELECTRONICS TESTING MARKET: DETAILED LIST OF

KEY STARTUPS/SMES, 2023        216

TABLE 192         POWER ELECTRONICS TESTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023            217

TABLE 193         POWER ELECTRONICS TESTING MARKET: PRODUCT LAUNCHES,

JUNE 2020–MAY 2024     218

TABLE 194         POWER ELECTRONICS TESTING MARKET: DEALS, JUNE 2020–MAY 2024           221

TABLE 195         POWER ELECTRONICS TESTING MARKET: EXPANSIONS, JUNE 2020–MAY 2024 225

TABLE 196         POWER ELECTRONICS TESTING MARKET: OTHER DEVELOPMENTS,

JUNE 2020–MAY 2024     227

TABLE 197         SGS SA: COMPANY OVERVIEW  228

TABLE 198         SGS SA: PRODUCTS/PRODUCTS/SOLUTIONS/SERVICES OFFERED          230

TABLE 199         SGS SA: DEALS  231

TABLE 200         SGS SA: EXPANSIONS    231

TABLE 201         INTERTEK GROUP PLC: COMPANY OVERVIEW 233

TABLE 202         INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          234

TABLE 203         INTERTEK GROUP PLC: DEALS 235

TABLE 204         INTERTEK GROUP PLC: OTHER DEVELOPMENTS          236

TABLE 205         TÜV SÜD: COMPANY OVERVIEW            237

TABLE 206         TÜV SÜD: PRODUCTS/SOLUTIONS/SERVICES OFFERED              238

TABLE 207         TÜV SÜD: EXPANSIONS 239

TABLE 208         TÜV RHEINLAND: COMPANY OVERVIEW           241

TABLE 209         TÜV RHEINLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED          242

TABLE 210         TÜV RHEINLAND: PRODUCT LAUNCHES           243

TABLE 211         TÜV RHEINLAND: DEALS           244

TABLE 212         EUROFINS SCIENTIFIC: COMPANY OVERVIEW  245

TABLE 213         EUROFINS SCIENTIFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          247

TABLE 214         EUROFINS SCIENTIFIC: EXPANSIONS    247

TABLE 215         BUREAU VERITAS: COMPANY OVERVIEW           248

TABLE 216         BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          249

TABLE 217         BUREAU VERITAS: DEALS          250

TABLE 218         TÜV NORD GROUP: COMPANY OVERVIEW        251

TABLE 219         TÜV NORD GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          253

TABLE 220         DEKRA: COMPANY OVERVIEW  255

TABLE 221         DEKRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED   256

TABLE 222         DEKRA: EXPANSIONS    257

TABLE 223         ADVANTEST CORPORATION: COMPANY OVERVIEW     265

TABLE 224         ADVANTEST CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   266

TABLE 225         ADVANTEST CORPORATION: PRODUCT LAUNCHES     267

TABLE 226         ADVANTEST CORPORATION: DEALS     267

TABLE 227         TERADYNE INC.: COMPANY OVERVIEW 269

TABLE 228         TERADYNE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              270

TABLE 229         ROHDE & SCHWARZ: COMPANY OVERVIEW      272

TABLE 230         ROHDE & SCHWARZ: PRODUCTS/SOLUTIONS/SERVICES OFFERED          273

TABLE 231         ROHDE & SCHWARZ: PRODUCT LAUNCHES      274

TABLE 232         ROHDE & SCHWARZ: DEALS      275

TABLE 233         KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW       277

TABLE 234         KEYSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED   279

TABLE 235         KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES       280

TABLE 236         KEYSIGHT TECHNOLOGIES: DEALS       281

TABLE 237         CHROMA ATE INC.: COMPANY OVERVIEW         282

TABLE 238         CHROMA ATE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          284

TABLE 239         NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW              285

TABLE 240         NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   285

TABLE 241         NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES              286

TABLE 242         COHU, INC.: COMPANY OVERVIEW        287

TABLE 243         COHU, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              288

TABLE 244         COHU, INC.: PRODUCT LAUNCHES       288

TABLE 245         COHU, INC.: DEALS       289

LIST OF FIGURES

FIGURE 1           POWER ELECTRONICS TESTING MARKET SEGMENTATION              29

FIGURE 2           STUDY YEARS CONSIDERED     31

FIGURE 3           POWER ELECTRONICS TESTING MARKET: RESEARCH DESIGN              34

FIGURE 4           KEY DATA FROM SECONDARY SOURCES            36

FIGURE 5           KEY DATA FROM PRIMARY SOURCES    37

FIGURE 6           KEY INDUSTRY INSIGHTS          38

FIGURE 7           BREAKDOWN OF PRIMARY SOURCES, BY COMPANY TYPE,

DESIGNATION, AND REGION    38

FIGURE 8           SECONDARY AND PRIMARY RESEARCH 39

FIGURE 9           APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY POWER ELECTRONICS TESTING EQUIPMENT PROVIDERS         40

FIGURE 10         APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY POWER ELECTRONICS TESTING SERVICE PROVIDERS  41

FIGURE 11         APPROACH 2 (DEMAND SIDE): BOTTOM-UP ESTIMATION BASED ON REGION        42

FIGURE 12         POWER ELECTRONICS TESTING MARKET: BOTTOM-UP APPROACH       43

FIGURE 13         POWER ELECTRONICS TESTING MARKET: TOP-DOWN APPROACH       43

FIGURE 14         DATA TRIANGULATION             44

FIGURE 15         POWER ELECTRONICS TESTING MARKET, 2020–2029 (USD MILLION)          48

FIGURE 16         POWER MODULE ELECTRONICS TESTING TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 48

FIGURE 17         TESTING SERVICES TO DOMINATE POWER ELECTRONICS TESTING MARKET BETWEEN 2024 AND 2029      49

FIGURE 18         AUTOMOTIVE & TRANSPORTATION VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029  50

FIGURE 19         ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER ELECTRONICS TESTING SERVICES MARKET FROM 2024 TO 2029             51

FIGURE 20         INCREASE IN DEMAND FOR CONSUMER ELECTRONICS AND AUTOMOTIVE & TRANSPORTATION VERTICALS TO DRIVE POWER ELECTRONICS TESTING MARKET          52

FIGURE 21         POWER MODULE TESTING TO GROW NOTABLY BETWEEN 2024 AND 2029  52

FIGURE 22         AUTOMOTIVE & TRANSPORTATION TO DOMINATE MARKET FROM 2024 TO 2029       53

FIGURE 23         AUTOMATED TEST EQUIPMENT TO ACCOUNT FOR LARGEST MARKET

SHARE IN 2029  53

FIGURE 24         ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING TO ACCOUNT FOR LARGER MARKET SHARE IN 2029            54

FIGURE 25         ASIA PACIFIC TO DOMINATE POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD             54

FIGURE 26         POWER ELECTRONICS TESTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       55

FIGURE 27         GLOBAL BATTERY ELECTRIC VEHICLE (BEV) SALES, 2020–2023 (MILLION UNITS)          57

FIGURE 28         QUARTERLY ELECTRIC CAR SALES BY REGION, 2022-2024 (MILLION UNITS)          57

FIGURE 29         POWER ELECTRONICS TESTING MARKET DRIVERS AND THEIR IMPACT             61

FIGURE 30         POWER ELECTRONICS TESTING MARKET RESTRAINTS AND THEIR IMPACT 63

FIGURE 31         POWER ELECTRONICS TESTING MARKET OPPORTUNITIES AND THEIR IMPACT      67

FIGURE 32         POWER ELECTRONICS TESTING MARKET CHALLENGES AND THEIR IMPACT 68

FIGURE 33         REVENUE SHIFT AND NEW REVENUE POCKETS FOR POWER ELECTRONICS TESTING MARKET PLAYERS       69

FIGURE 34         AVERAGE SELLING PRICE OF POWER ELECTRONICS TESTING EQUIPMENT OFFERED BY KEY EQUIPMENT PROVIDERS, 2023 (USD)     70

FIGURE 35         AVERAGE SELLING PRICE OF AUTOMATED TEST EQUIPMENT OFFERED BY TOP EQUIPMENT PROVIDERS, 2020–2023 (USD MILLION) 71

FIGURE 36         AVERAGE SELLING PRICE OF NETWORK ANALYZER OFFERED BY TEST EQUIPMENT PROVIDERS, 2020–2023 (USD)       72

FIGURE 37         AVERAGE SELLING PRICE OF SIGNAL ANALYZER OFFERED BY TEST EQUIPMENT PROVIDERS, 2020–2023 (USD)            73

FIGURE 38         AVERAGE SELLING PRICE OF POWER ELECTRONICS TESTING EQUIPMENT, BY REGION, 2020–2023 (USD)        74

FIGURE 39         POWER ELECTRONICS TESTING MARKET: SUPPLY CHAIN ANALYSIS          75

FIGURE 40         POWER ELECTRONICS TESTING MARKET: KEY PLAYERS IN ECOSYSTEM     77

FIGURE 41         INVESTMENT AND FUNDING SCENARIO            78

FIGURE 42         NUMBER OF PATENTS GRANTED FROM 2012 TO 2022 FOR POWER ELECTRONICS TESTING MARKET          85

FIGURE 43         IMPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES FOR KEY COUNTRIES, 2020–2023          86

FIGURE 44         EXPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES FOR KEY COUNTRIES, 2020–2023          87

FIGURE 45         POWER ELECTRONICS TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS–2023 93

FIGURE 46         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL         96

FIGURE 47         BUYING CRITERIA FOR TOP THREE VERTICALS 97

FIGURE 48         ADOPTION OF GEN AI IN POWER ELECTRONICS TESTING              98

FIGURE 49         TESTING SERVICES TO ACCOUNT FOR LARGER MARKET SHARE

DURING FORECAST PERIOD     101

FIGURE 50         AUTOMATED TEST EQUIPMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD    103

FIGURE 51         ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD  109

FIGURE 52         POWER MODULE SEGMENT TO GROW AT HIGHEST GROWTH RATE DURING FORECAST PERIOD         113

FIGURE 53         AUTOMOTIVE & TRANSPORTATION VERTICAL TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD        148

FIGURE 54         POWER ELECTRONICS TESTING SERVICES MARKET SEGMENTATION, BY REGION    162

FIGURE 55         CHINA TO EXHIBIT HIGHEST CAGR IN POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD          163

FIGURE 56         ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD              163

FIGURE 57         NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT     166

FIGURE 58         EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT        172

FIGURE 59         ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT     180

FIGURE 60         POWER ELECTRONICS TESTING EQUIPMENT MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2023   196

FIGURE 61         POWER ELECTRONICS TESTING SERVICES MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2023 (USD MILLION)       197

FIGURE 62         POWER ELECTRONICS TESTING EQUIPMENT MARKET SHARE ANALYSIS, 2023 197

FIGURE 63         POWER ELECTRONICS TESTING SERVICES MARKET SHARE ANALYSIS, 2023 199

FIGURE 64         POWER ELECTRONICS TESTING SERVICES MARKET: COMPANY VALUATION,

2024 (USD BILLION)      201

FIGURE 65         POWER ELECTRONICS TESTING EQUIPMENT MARKET: COMPANY VALUATION, 2024 (USD BILLION)     202

FIGURE 66         POWER ELECTRONICS TESTING SERVICES MARKET: FINANCIAL METRICS (EV/EBITDA), 2024            202

FIGURE 67         POWER ELECTRONICS TESTING EQUIPMENT MARKET: FINANCIAL METRICS (EV/EBITDA), 2024            203

FIGURE 68         BRAND/PRODUCT COMPARISON: POWER ELECTRONICS TESTING SERVICES       203

FIGURE 69         BRAND/PRODUCT COMPARISON: POWER ELECTRONICS TESTING EQUIPMENT  204

FIGURE 70         POWER ELECTRONICS TESTING SERVICES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 205

FIGURE 71         POWER ELECTRONICS TESTING EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 206

FIGURE 72         POWER ELECTRONICS TESTING MARKET: COMPANY FOOTPRINT, 2023          207

FIGURE 73         POWER ELECTRONICS TESTING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 215

FIGURE 74         SGS SA: COMPANY SNAPSHOT  229

FIGURE 75         INTERTEK GROUP PLC: COMPANY SNAPSHOT 234

FIGURE 76         TÜV SÜD: COMPANY SNAPSHOT           238

FIGURE 77         TÜV RHEINLAND: COMPANY SNAPSHOT           242

FIGURE 78         EUROFINS SCIENTIFIC: COMPANY SNAPSHOT  246

FIGURE 79         BUREAU VERITAS: COMPANY SNAPSHOT          249

FIGURE 80         TÜV NORD GROUP: COMPANY SNAPSHOT        252

FIGURE 81         DEKRA: COMPANY SNAPSHOT 256

FIGURE 82         ADVANTEST CORPORATION: COMPANY SNAPSHOT     266

FIGURE 83         TERADYNE INC.: COMPANY SNAPSHOT             270

FIGURE 84         KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT       278

FIGURE 85         CHROMA ATE INC.: COMPANY SNAPSHOT         283

FIGURE 86         COHU, INC.: COMPANY SNAPSHOT       287