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-72935

出版社MarketsandMarkets
出版年月2025年2月
ページ数305
図表数333
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。

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

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.

電気自動車の開発と再生可能エネルギーの可能性により、最適な性能と信頼性を実現するための強力な変換デバイスが必要となるため、パワー エレクトロニクスはさらに多くのテストを受けることになります。さらに、ワイドバンドギャップ半導体はより高いスイッチング周波数で動作し、優れた熱抵抗を備えているため、より高度なテスト方法が必要です。家庭用電化製品を自動車部品と同化させ、エネルギー効率を高めるという需要が高まるにつれ、テスト規則はますます厳しくなっています。スマート グリッド、5G ネットワーク、産業オートメーションでは、信頼性が高く効率的なパワー エレクトロニクスが時代のニーズとなっています。

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 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.

“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.

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

“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.

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      30

1.4           CURRENCY CONSIDERED            31

1.5           LIMITATIONS    31

1.6           STAKEHOLDERS               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH APPROACH  32

2.1.1        SECONDARY DATA          34

2.1.1.1    List of key secondary sources              34

2.1.1.2    Key data from secondary sources       35

2.1.2        PRIMARY DATA 35

2.1.2.1    Key data from primary sources           36

2.1.2.2    Key industry insights           37

2.1.2.3    Breakdown of primaries      37

2.1.3        SECONDARY AND PRIMARY RESEARCH 38

2.2           MARKET SIZE ESTIMATION         38

2.2.1        BOTTOM-UP APPROACH              41

2.2.1.1    Approach to estimate market size by bottom-up analysis                 41

2.2.2        TOP-DOWN APPROACH                42

2.2.2.1    Approach to estimate market share by top-down analysis                 42

2.3           DATA TRIANGULATION                43

2.4           RESEARCH ASSUMPTIONS           44

2.5           RISK ASSESSMENT           45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER ELECTRONICS TESTING MARKET             51

4.2           POWER ELECTRONICS TESTING SERVICES MARKET,  BY DEVICE TYPE               51

4.3           POWER ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL            52

4.4           POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE               52

4.5           POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE     53

4.6           POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION                53

5               MARKET OVERVIEW       54

5.1           MARKET DYNAMICS       54

5.1.1        DRIVERS               55

5.1.1.1    Surge in EV adoption to increase need for testing services                 55

5.1.1.2    Widespread adoption and expansion of renewable energy sources                 57

5.1.1.3    Growth in demand for energy-efficient power electronics in consumer electronics and enterprises                58

5.1.1.4    Regulatory policies and industry demand for energy-efficient power systems to drive need for rigorous testing             58

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              59

5.1.2        RESTRAINTS      61

5.1.2.1    Rapid evolution of semiconductor materials such as SiC and GaN increases complexity of testing           61

5.1.2.2    High initial investment costs in power electronics testing                 61

5.1.3        OPPORTUNITIES              63

5.1.3.1    Increasing reliance on high-efficiency power electronics for avionics and defense systems              63

5.1.3.2    Growth in importance of electrification in industrial applications                 64

5.1.3.3    Expansion of 5G and telecommunications       65

5.1.4        CHALLENGES    66

5.1.4.1    Adhering to various global safety, efficiency, and quality standards can be complex and resource-intensive for manufacturers                 66

5.2           TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       67

5.3           PRICING ANALYSIS          68

5.3.1        AVERAGE SELLING PRICE TREND AMONG KEY PLAYERS  FOR TESTING EQUIPMENT, 2023               69

5.3.2        AVERAGE SELLING PRICE OF AUTOMATED TESTING EQUIPMENT OFFERED BY TOP EQUIPMENT PROVIDERS                 69

5.3.3        AVERAGE SELLING PRICE TREND OF POWER ELECTRONICS TEST EQUIPMENT, BY REGION   71

5.4           SUPPLY CHAIN ANALYSIS             72

5.5           ECOSYSTEM ANALYSIS  74

5.6           INVESTMENT AND FUNDING SCENARIO               76

5.7           TECHNOLOGY ANALYSIS             77

5.7.1        KEY TECHNOLOGIES     77

5.7.1.1    Wide bandgap semiconductors (SiC, GaN)     77

5.7.1.2    Finite element analysis (FEA)            77

5.7.2        COMPLEMENTARY TECHNOLOGY           77

5.7.2.1    Digital twin technology       77

5.7.3        ADJACENT TECHNOLOGIES       78

5.7.3.1    Automated test equipment (ATE)    78

5.7.3.2    Data acquisition and control (DAQ) systems 78

5.8           PATENT ANALYSIS          79

5.9           TRADE ANALYSIS             83

5.9.1        IMPORT SCENARIO         83

5.9.2        EXPORT SCENARIO         84

5.10         KEY CONFERENCES AND EVENTS, 2025–2026        85

5.11         CASE STUDY ANALYSIS 86

5.11.1      SEMIPOWEREX DEVELOPED SIC POWER MODULES OPTIMIZED FOR POWER CONVERSION SYSTEMS              86

5.11.2      TRANSPHORM ENABLED CORSAIR TO OFFER HIGH-PERFORMANCE POWER SUPPLY UNITS (PSU)    86

5.11.3      DELTA ELECTRONICS POWERED DATA CENTERS WITH GALLIUM NITRIDE FROM TEXAS INSTRUMENTS INCORPORATED              86

5.12         TARIFF AND REGULATORY LANDSCAPE               87

5.12.1      TARIFF ANALYSIS             87

5.12.2      REGULATORY ANALYSIS               88

5.12.2.1  Regulatory bodies, government agencies,  and other organizations         88

5.12.2.2  Standards               89

5.13         PORTER’S FIVE FORCES ANALYSIS           89

5.13.1      THREAT OF NEW ENTRANTS      91

5.13.2      THREAT OF SUBSTITUTES          91

5.13.3      BARGAINING POWER OF SUPPLIERS       91

5.13.4      BARGAINING POWER OF BUYERS             91

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 92

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     92

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           92

5.14.2      BUYING CRITERIA           93

5.15         IMPACT OF AI/GEN AI ON POWER ELECTRONICS TESTING MARKET           94

5.15.1      INTRODUCTION              94

5.15.2      USE OF GEN AI IN POWER ELECTRONICS TESTING                 95

5.15.3      IMPACT ON POWER ELECTRONICS TESTING MARKET                 96

5.15.4      ADJACENT ECOSYSTEM WORKING ON GEN AI   96

6               POWER ELECTRONICS TESTING MARKET, BY OFFERING                 97

6.1           INTRODUCTION              98

6.2           TESTING EQUIPMENT  99

6.2.1        AUTOMATED TEST EQUIPMENT              101

6.2.1.1    Rise in focus on shortening manufacturing time and reduction in product recall rate                 101

6.2.2        OSCILLOSCOPES              101

6.2.2.1    Increasing demand for miniature electronic devices       101

6.2.3        SIGNAL GENERATORS   102

6.2.3.1    Ability to generate diverse, precise, and stable signals   102

6.2.4        MULTIMETERS 102

6.2.4.1    Portability and versatility to boost adoption in fields and testing labs         102

6.2.5        LOGIC ANALYZERS          103

6.2.5.1    Comprehensive use in troubleshooting digital circuits and communication systems      103

6.2.6        SPECTRUM ANALYZERS                103

6.2.6.1    Ability to provide detailed insights into frequency content, power, and modulation of signals   103

6.2.7        BERT SOLUTIONS            104

6.2.7.1    Pressing need to make informed choices about product development, process improvements, and resource allocation      104

6.2.8        NETWORK ANALYZERS 105

6.2.8.1    Strong focus on improving reliability and efficiency of electronic networks 105

6.3           TESTING SERVICES         105

6.3.1        ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING                 107

6.3.1.1    Need to ensure proper electromagnetic behavior grows as power electronics become more advanced   107

6.3.2        ELECTRICAL SAFETY TESTING  107

6.3.2.1    Need to verify that products can operate safely under normal and fault conditions     107

6.3.3        RADIO FREQUENCY (RF) TESTING           108

6.3.3.1    Ensuring that power electronic devices do not emit excessive EMI and are resistant to external RF noise                108

6.3.4        ENERGY EFFICIENCY TESTING  108

6.3.4.1    Ensuring that products consume less power and contribute to global sustainability efforts 108

7               POWER ELECTRONICS TESTING SERVICE MARKET, BY DEVICE TYPE     109

7.1           INTRODUCTION              110

7.2           POWER DISCRETE           111

7.2.1        INCREASE IN EMPHASIS ON POWER DISCRETE DEVICES WITH HIGH-FREQUENCY SWITCHING FOR IMPROVED EFFICIENCY IN VARIOUS APPLICATIONS              111

7.2.2        DIODE  119

7.2.2.1    Mounting type and diode packaging 119

7.2.2.1.1 Through-hole        119

7.2.2.1.2 Surface mount       119

7.2.2.1.3 Categories of packaging      120

7.2.2.2    PIN diode               120

7.2.2.3    Zener diode           120

7.2.2.4    Schottky diode      121

7.2.2.5    Switching diode    121

7.2.2.6    Rectifier diode      121

7.2.3        TRANSISTOR      122

7.2.3.1    Use of smart power transistors in augmenting system reliability and effective power management       122

7.2.3.2    Field-effect transistor (FET)              122

7.2.3.3    Bipolar junction transistor (BJT)      123

7.2.3.4    Insulated gate bipolar transistor (IGBT)          123

7.2.3.4.1 NPT IGBT            123

7.2.3.4.2 PT IGBT                124

7.2.4        THYRISTORS      124

7.3           POWER MODULE             124

7.3.1        SIGNIFICANT ROLE IN INDUSTRIAL DRIVES IN ENSURING PRECISE CONTROL OVER SPEED OF ELECTRIC MOTORS              124

7.3.2        STANDARD & POWER INTEGRATED MODULE   132

7.3.2.1    IGBT module        133

7.3.2.2    FET        133

7.3.2.2.1 MOSFET module 133

7.3.2.2.2 MOSFET, by type                 133

7.3.2.2.2.1              N-channel              133

7.3.2.2.2.2              P-channel               134

7.3.2.2.3 MOSFET, by mode              134

7.3.2.2.3.1              Depletion mode    134

7.3.2.2.3.2              Enhancement mode              134

7.3.2.3    Other standard & power integrated module types          135

7.3.3        IPM        135

7.4           POWER INTEGRATED CIRCUIT (IC)         135

7.4.1        POWER MANAGEMENT IC            135

7.4.2        APPLICATION-SPECIFIC IC          135

8               POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL            143

8.1           INTRODUCTION              144

8.2           CONSUMER ELECTRONICS          146

8.2.1        INCREASING INTEGRATION OF POWER ELECTRONICS IN WEARABLES, IOT DEVICES, AND SMART HOME DEVICES                 146

8.3           INDUSTRIAL      148

8.3.1        GROWING ADOPTION OF DIGITAL CONTROL SYSTEMS AND ADVANCED ALGORITHMS IN POWER ELECTRONICS                 148

8.4           ICT         150

8.4.1        RISE IN DEMAND FOR ADVANCED POWER ELECTRONIC DEVICES AND CONTROLLED COOLING FOR DATA CENTERS AND ICT EQUIPMENT   150

8.5           AUTOMOTIVE & TRANSPORTATION      152

8.5.1        INCREASING ADOPTION OF ELECTRIC VEHICLES WITH FAST CHARGING TO CONTRIBUTE TO MARKET GROWTH                 152

8.6           AEROSPACE & DEFENSE                154

8.6.1        SHIFT TO ELECTRIC AIRCRAFT AND GROWING DEMAND FOR HIGH-FREQUENCY WARFARE SYSTEMS   154

8.7           OTHER VERTICALS         156

9               POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION                158

9.1           INTRODUCTION              159

9.2           NORTH AMERICA             162

9.2.1        NORTH AMERICA: MACROECONOMIC OUTLOOK                 162

9.2.2        US           165

9.2.2.1    Adoption of wide bandgap semiconductor materials and focus on energy storage solutions for grid stability         165

9.2.3        CANADA               166

9.2.3.1    Rising need for power electronics for efficient power management from renewable sources               166

9.2.4        MEXICO                167

9.2.4.1    Nascent market to be driven by growing economy and increasing population              167

9.3           EUROPE               168

9.3.1        EUROPE: MACROECONOMIC OUTLOOK               168

9.3.2        UK          172

9.3.2.1    Active government support to reduce carbon footprint across various verticals, especially with substantial auto OEM presence 172

9.3.3        GERMANY           173

9.3.3.1    Significant contribution of power electronics to improving affordability and energy efficiency of EVs        173

9.3.4        FRANCE                174

9.3.4.1    Increasing focus on reducing pollution levels by shifting to EVs                 174

9.3.5        ITALY    175

9.3.5.1    Among Europe’s leaders in producing electricity from renewable energy sources      175

9.3.6        REST OF EUROPE             175

9.4           ASIA PACIFIC     176

9.4.1        ASIA PACIFIC: MACROECONOMIC OUTLOOK     176

9.4.2        CHINA  180

9.4.2.1    Prominent manufacturer of consumer electronics and rapid adoption of EVs    180

9.4.3        JAPAN   181

9.4.3.1    Focus on renewable energy production and adoption of SiC technology              181

9.4.4        INDIA    182

9.4.4.1    Rapid urbanization and infrastructure modernization; high growth in solar energy adoption         182

9.4.5        SOUTH KOREA  182

9.4.5.1    Increased infrastructure projects, advanced transportation systems, and renewable energy initiatives        182

9.4.6        REST OF ASIA PACIFIC   183

9.5           ROW      184

9.5.1        ROW: MACROECONOMIC OUTLOOK      185

9.5.2        SOUTH AMERICA             187

9.5.2.1    Rise in demand for power electronics from energy and industrial sectors in Brazil    187

9.5.3        MIDDLE EAST & AFRICA                188

9.5.3.1    GCC       189

9.5.3.2    Rest of Middle East & Africa               189

10            COMPETITIVE LANDSCAPE         190

10.1         OVERVIEW          190

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 190

10.3         REVENUE ANALYSIS, 2020–2023  193

10.4         MARKET SHARE ANALYSIS, 2023                 194

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 198

10.5.1      COMPANY VALUATION 198

10.5.2      FINANCIAL METRICS      199

10.6         BRAND/PRODUCT COMPARISON             200

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 201

10.7.1      STARS   201

10.7.2      EMERGING LEADERS     201

10.7.3      PERVASIVE PLAYERS      202

10.7.4      PARTICIPANTS 202

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         204

10.7.5.1  Company footprint               204

10.7.5.2  Device footprint    206

10.7.5.3  Testing equipment footprint               207

10.7.5.4  Testing services footprint   208

10.7.5.5  Vertical footprint  209

10.7.5.6  Region footprint   210

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        212

10.8.1      PROGRESSIVE COMPANIES         212

10.8.2      RESPONSIVE COMPANIES            212

10.8.3      DYNAMIC COMPANIES  212

10.8.4      STARTING BLOCKS         212

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 214

10.8.5.1  Detailed list of key startups/SMEs    214

10.8.5.2  Competitive benchmarking of key startups/SMEs          215

10.9         COMPETITIVE SCENARIO AND TRENDS                215

10.9.1      PRODUCT LAUNCHES   215

10.9.2      DEALS  220

10.9.3      EXPANSIONS     223

10.9.4      OTHER DEVELOPMENTS              225

11            COMPANY PROFILES      226

11.1         KEY TESTING SERVICE PROVIDERS         226

11.1.1      SGS SA  226

11.1.1.1  Business overview 226

11.1.1.2  Products/Products/Solutions/Services offered                228

11.1.1.3  Recent developments           229

11.1.1.3.1                Deals      229

11.1.1.3.2                Expansions             229

11.1.1.4  MnM view              230

11.1.1.4.1                Key strengths/Right to win 230

11.1.1.4.2                Strategic choices   230

11.1.1.4.3                Weaknesses and competitive threats 230

11.1.2      INTERTEK GROUP PLC  231

11.1.2.1  Business overview 231

11.1.2.2  Products/Solutions/Services offered 232

11.1.2.3  Recent developments           233

11.1.2.3.1                Deals      233

11.1.2.3.2                Expansions             233

11.1.2.3.3                Other developments             234

11.1.2.4  MnM view              234

11.1.2.4.1                Key strengths/Right to win 234

11.1.2.4.2                Strategic choices made        234

11.1.2.4.3                Weaknesses and competitive threats 234

11.1.3      TÜV SÜD              235

11.1.3.1  Business overview 235

11.1.3.2  Products/Solutions/Services offered 236

11.1.3.3  Recent developments           237

11.1.3.3.1                Expansions             237

11.1.3.4  MnM view              238

11.1.3.4.1                Key strengths/Right to win 238

11.1.3.4.2                Strategic choices   238

11.1.3.4.3                Weaknesses and competitive threats 238

11.1.4      TÜV RHEINLAND             239

11.1.4.1  Business overview 239

11.1.4.2  Products/Solutions/Services offered 240

11.1.4.3  Recent developments           241

11.1.4.3.1                Product launches  241

11.1.4.3.2                Deals      241

11.1.5      EUROFINS SCIENTIFIC  242

11.1.5.1  Business overview 242

11.1.5.2  Products/Solutions/Services offered 244

11.1.5.3  Recent developments           244

11.1.5.3.1                Expansions             244

11.1.6      BUREAU VERITAS             245

11.1.6.1  Business overview 245

11.1.6.2  Products/Solutions/Services offered 246

11.1.6.3  Recent developments           247

11.1.6.3.1                Deals      247

11.1.7      TÜV NORD GROUP         248

11.1.7.1  Business overview 248

11.1.7.2  Products/Solutions/Services offered 250

11.1.8      DEKRA  252

11.1.8.1  Business overview 252

11.1.8.2  Products/Solutions/Services offered 253

11.1.8.3  Recent developments           254

11.1.8.3.1                Expansions             254

11.2         OTHER KEY TESTING SERVICE PROVIDERS         255

11.2.1      UL LLC 255

11.2.2      APPLUS+              256

11.2.3      ELEMENT MATERIALS TECHNOLOGY    257

11.2.4      DNV GL                 258

11.2.5      CSA GROUP        259

11.2.6      TEKTRONIX, INC.             260

11.2.7      TESTILABS OY   261

11.3         KEY TESTING EQUIPMENT PROVIDERS 262

11.3.1      ADVANTEST CORPORATION      262

11.3.1.1  Business overview 262

11.3.1.2  Products/Solutions/Services offered 263

11.3.1.3  Recent developments           264

11.3.1.3.1                Product launches  264

11.3.1.3.2                Deals      264

11.3.1.4  MnM view              265

11.3.1.4.1                Key strengths/Right to win 265

11.3.1.4.2                Strategic choices   265

11.3.1.4.3                Weaknesses and competitive threats 265

11.3.2      TERADYNE INC.                266

11.3.2.1  Business overview 266

11.3.2.2  Products/Solutions/Services offered 267

11.3.2.3  MnM view              268

11.3.2.3.1                Key strengths/Right to win 268

11.3.2.3.2                Strategic choices   268

11.3.2.3.3                Weaknesses and competitive threats 268

11.3.3      ROHDE & SCHWARZ       269

11.3.3.1  Business overview 269

11.3.3.2  Products/Solutions/Services offered 270

11.3.3.3  Recent developments           271

11.3.3.3.1                Product launches  271

11.3.3.3.2                Deals      272

11.3.3.4  MnM view              273

11.3.3.4.1                Key strengths/Right to win 273

11.3.3.4.2                Strategic choices   273

11.3.3.4.3                Weaknesses and competitive threats 273

11.3.4      KEYSIGHT TECHNOLOGIES        274

11.3.4.1  Business overview 274

11.3.4.2  Products/Solutions/Services offered 276

11.3.4.3  Recent developments           277

11.3.4.3.1                Product launches  277

11.3.4.3.2                Deals      278

11.3.5      CHROMA ATE INC.          279

11.3.5.1  Business overview 279

11.3.5.2  Products/Solutions/Services offered 280

11.3.6      NATIONAL INSTRUMENTS CORP.             281

11.3.6.1  Business overview 281

11.3.6.2  Products/Solutions/Services offered 281

11.3.6.3  Recent developments           282

11.3.6.3.1                Product launches  282

11.3.6.3.2                Deals      282

11.3.7      COHU, INC.         283

11.3.7.1  Business overview 283

11.3.7.2  Products/Solutions/Services offered 284

11.3.7.3  Recent developments           284

11.3.7.3.1                Product launches  284

11.3.7.3.2                Deals      285

11.4         OTHER TESTING EQUIPMENT PROVIDERS          286

11.4.1      ANRITSU              286

11.4.2      DSPACE GMBH 287

11.4.3      ETS-LINDGREN 288

11.4.4      ORBIS SYSTEMS OY         288

11.4.5      OMICRON LAB  289

11.4.6      TESEC, INC.        289

11.4.7      GOOD WILL INSTRUMENT CO., LTD.      290

11.4.8      ELECTRON TEST EQUIPMENT LIMITED                291

11.4.9      VAUNIX TECHNOLOGY CORPORATION                 291

11.4.10   OPAL-RT TECHNOLOGIES, INC.                292

11.4.11   SPEEDGOAT GMBH        292

12            APPENDIX           293

12.1         INSIGHTS FROM INDUSTRY EXPERTS     293

12.2         DISCUSSION GUIDE        294

12.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                298

12.4         CUSTOMIZATION OPTIONS        300

12.5         RELATED REPORTS         300

12.6         AUTHOR DETAILS           301

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 30

TABLE 2                LIST OF KEY SECONDARY SOURCES        34

TABLE 3                INTENDED PARTICIPANTS AND KEY OPINION LEADERS IN PRIMARY INTERVIEWS         36

TABLE 4                RISK ASSESSMENT: POWER ELECTRONICS TESTING MARKET           45

TABLE 5                PRICING TREND OF AUTOMATED TEST EQUIPMENT, BY TOP EQUIPMENT PROVIDER, 2020–2023 (USD MILLION)            69

TABLE 6                PRICING TREND OF NETWORK ANALYZER, BY TEST EQUIPMENT PROVIDER,  2020–2023 (USD)               70

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

2020–2023 (USD)                71

TABLE 8                PRICING TREND OF POWER ELECTRONICS TESTING EQUIPMENT, BY REGION,  2020–2023 (USD)    72

TABLE 9                POWER ELECTRONICS TESTING MARKET: ECOSYSTEM       74

TABLE 10              LIST OF PATENTS PERTAINING TO POWER ELECTRONICS TESTING, 2020–2023           79

TABLE 11              IMPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES, BY COUNTRY,  2020–2023 (USD MILLION)            83

TABLE 12              EXPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES, BY COUNTRY,  2020–2023 (USD MILLION)            84

TABLE 13              POWER ELECTRONICS TESTING MARKET: DETAILED LIST OF RELATED CONFERENCES AND EVENTS, 2025–2026              85

TABLE 14              US: EXPORT TARIFF FOR HS CODE 8541 – SEMICONDUCTOR DEVICES, 2023             87

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

DEVICES, 2023    87

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

AND OTHER ORGANIZATIONS  88

TABLE 17              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS                 88

TABLE 18              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS                 89

TABLE 19              POWER ELECTRONICS TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS           90

TABLE 20              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%)       93

TABLE 21              KEY BUYING CRITERIA FOR TOP THREE VERTICALS         94

TABLE 22              POWER ELECTRONICS TESTING MARKET, BY OFFERING,

2020–2023 (USD MILLION)            98

TABLE 23              POWER ELECTRONICS TESTING MARKET, BY OFFERING,

2024–2029 (USD MILLION)            98

TABLE 24              POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE,

2020–2023 (USD MILLION)            99

TABLE 25              POWER ELECTRONICS TESTING EQUIPMENT MARKET, BY TYPE,

2024–2029 (USD MILLION)            100

TABLE 26              POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2020–2023 (USD MILLION)            106

TABLE 27              POWER ELECTRONICS TESTING SERVICES MARKET, BY TYPE,

2024–2029 (USD MILLION)            106

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

2020–2023 (USD MILLION)            110

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

2024–2029 (USD MILLION)            111

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

2020–2023 (USD MILLION)            112

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

2024–2029 (USD MILLION)            112

TABLE 32              POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2020–2023 (USD MILLION)                 112

TABLE 33              POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2024–2029 (USD MILLION)                 113

TABLE 34              NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,  BY COUNTRY, 2020–2023 (USD MILLION)            113

TABLE 35              NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,  BY COUNTRY, 2024–2029 (USD MILLION)            113

TABLE 36              EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               114

TABLE 37              EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               114

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

BY COUNTRY, 2020–2023 (USD MILLION)               114

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

BY COUNTRY, 2024–2029 (USD MILLION)               115

TABLE 40              ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION,  2020–2023 (USD MILLION)            115

TABLE 41              ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION)            115

TABLE 42              NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2020–2023 (USD MILLION)            116

TABLE 43              NORTH AMERICA: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2024–2029 (USD MILLION)            116

TABLE 44              EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)               116

TABLE 45              EUROPE: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)               117

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

BY VERTICAL, 2020–2023 (USD MILLION)               117

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

BY VERTICAL, 2024–2029 (USD MILLION)               117

TABLE 48              ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2020–2023 (USD MILLION)            118

TABLE 49              ROW: POWER DISCRETE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2024–2029 (USD MILLION)            118

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

2020–2023 (USD MILLION)            118

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

2024–2029 (USD MILLION)            119

TABLE 52              TRANSISTOR TESTING SERVICE MARKET, BY TYPE, 2020–2023 (USD MILLION)                122

TABLE 53              TRANSISTOR TESTING SERVICE MARKET, BY TYPE, 2024–2029 (USD MILLION)                122

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

2020–2023 (USD MILLION)            125

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

2024–2029 (USD MILLION)            125

TABLE 56              POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2020–2023 (USD MILLION)                 125

TABLE 57              POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL,  2024–2029 (USD MILLION)                 126

TABLE 58              NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,  BY COUNTRY, 2020–2023 (USD MILLION)            126

TABLE 59              NORTH AMERICA: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,  BY COUNTRY, 2024–2029 (USD MILLION)            126

TABLE 60              EUROPE: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               127

TABLE 61              EUROPE: POWER MODULE ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               127

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

BY COUNTRY, 2020–2023 (USD MILLION)               127

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

BY COUNTRY, 2024–2029 (USD MILLION)               128

TABLE 64              ROW: POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION,  2020–2023 (USD MILLION)                 128

TABLE 65              ROW: POWER MODULE ELECTRONICS TESTING SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION)                 128

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

BY VERTICAL, 2020–2023 (USD MILLION)               129

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

BY VERTICAL, 2024–2029 (USD MILLION)               129

TABLE 68              EUROPE: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)               129

TABLE 69              EUROPE: POWER MODULE ELECTRONICS TESTING SERVICE MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)               130

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

BY VERTICAL, 2020–2023 (USD MILLION)               130

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

BY VERTICAL, 2024–2029 (USD MILLION)             130

TABLE 72              ROW: POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2020–2023 (USD MILLION)                 131

TABLE 73              ROW: POWER MODULE ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)                 131

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

2020–2023 (USD MILLION)            131

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

2024–2029 (USD MILLION)            132

TABLE 76              STANDARD & POWER INTEGRATED MODULE ELECTRONICS TESTING SERVICES MARKET, BY TYPE, 2020–2023 (USD MILLION) 132

TABLE 77              STANDARD & POWER INTEGRATED MODULE ELECTRONICS TESTING SERVICES MARKET, BY TYPE, 2024–2029 (USD MILLION) 133

TABLE 78              POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,  2020–2023 (USD MILLION)                 136

TABLE 79              POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION)                 136

TABLE 80              POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY VERTICAL,  2020–2023 (USD MILLION)                 136

TABLE 81              POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY VERTICAL,  2024–2029 (USD MILLION)                 137

TABLE 82              NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,  BY COUNTRY, 2020–2023 (USD MILLION)       137

TABLE 83              NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET,  BY COUNTRY, 2024–2029 (USD MILLION)       137

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

BY COUNTRY, 2020–2023 (USD MILLION)               138

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

BY COUNTRY, 2024–2029 (USD MILLION)               138

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

BY COUNTRY, 2020–2023 (USD MILLION)               138

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

BY COUNTRY, 2024–2029 (USD MILLION)               139

TABLE 88              ROW: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,  2020–2023 (USD MILLION)            139

TABLE 89              ROW: POWER INTEGRATED CIRCUIT (IC) TESTING SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION)            139

TABLE 90              NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)     140

TABLE 91              NORTH AMERICA: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     140

TABLE 92              EUROPE: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2020–2023 (USD MILLION)            140

TABLE 93              EUROPE: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2024–2029 (USD MILLION)            141

TABLE 94              ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2020–2023 (USD MILLION)            141

TABLE 95              ASIA PACIFIC: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET, BY VERTICAL, 2024–2029 (USD MILLION)            141

TABLE 96              ROW: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2020–2023 (USD MILLION)            142

TABLE 97              ROW: POWER INTEGRATED CIRCUIT (IC) ELECTRONICS TESTING SERVICES MARKET,  BY VERTICAL, 2024–2029 (USD MILLION)            142

TABLE 98              POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2020–2023 (USD MILLION)            144

TABLE 99              POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,

2024–2029 (USD MILLION)            145

TABLE 100            POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS,  BY DEVICE TYPE, 2020–2023 (USD MILLION)            146

TABLE 101            POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS,  BY DEVICE TYPE, 2024–2029 (USD MILLION)            147

TABLE 102            POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS,  BY REGION, 2020–2023 (USD MILLION) 147

TABLE 103            POWER ELECTRONICS TESTING SERVICES MARKET IN CONSUMER ELECTRONICS,  BY REGION, 2024–2029 (USD MILLION) 147

TABLE 104            POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY DEVICE TYPE, 2020–2023 (USD MILLION)            148

TABLE 105            POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY DEVICE TYPE, 2024–2029 (USD MILLION)            149

TABLE 106            POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY REGION,  2020–2023 (USD MILLION)            149

TABLE 107            POWER ELECTRONICS TESTING SERVICES MARKET IN INDUSTRIAL, BY REGION,  2024–2029 (USD MILLION)            149

TABLE 108            POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY DEVICE TYPE,  2020–2023 (USD MILLION)                 150

TABLE 109            POWER ELECTRONICS TESTING SERVICES MARKET IN ICT, BY DEVICE TYPE,  2024–2029 (USD MILLION)                 151

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

2020–2023 (USD MILLION)            151

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

2024–2029 (USD MILLION)            151

TABLE 112            POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2020–2023 (USD MILLION)                152

TABLE 113            POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2024–2029 (USD MILLION)                153

TABLE 114            POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)            153

TABLE 115            POWER ELECTRONICS TESTING SERVICES MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)            153

TABLE 116            POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,  BY DEVICE TYPE, 2020–2023 (USD MILLION)       154

TABLE 117            POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,  BY DEVICE TYPE, 2024–2029 (USD MILLION)       155

TABLE 118            POWER ELECTRONICS TESTING SERVICES MARKET IN AEROSPACE & DEFENSE,  BY REGION, 2020–2023 (USD MILLION) 155

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

BY REGION, 2024–2029 (USD MILLION)   155

TABLE 120            POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY DEVICE TYPE, 2020–2023 (USD MILLION)        156

TABLE 121            POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY DEVICE TYPE, 2024–2029 (USD MILLION)        156

TABLE 122            POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2020–2023 (USD MILLION)   156

TABLE 123            POWER ELECTRONICS TESTING SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2024–2029 (USD MILLION)   157

TABLE 124            POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2020–2023 (USD MILLION)            161

TABLE 125            POWER ELECTRONICS TESTING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            161

TABLE 126            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            163

TABLE 127            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)            164

TABLE 128            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2020–2023 (USD MILLION)            164

TABLE 129            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)            164

TABLE 130            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)               165

TABLE 131            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               165

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

2020–2023 (USD MILLION)            166

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

2024–2029 (USD MILLION)            166

TABLE 134            CANADA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            167

TABLE 135            CANADA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            167

TABLE 136            MEXICO: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            167

TABLE 137            MEXICO: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            168

TABLE 138            EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)                 170

TABLE 139            EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            170

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

2020–2023 (USD MILLION)            170

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

2024–2029 (USD MILLION)            171

TABLE 142            EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,  2020–2023 (USD MILLION)                 171

TABLE 143            EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,  2024–2029 (USD MILLION)                 171

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

2020–2023 (USD MILLION)            172

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

2024–2029 (USD MILLION)            172

TABLE 146            GERMANY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            173

TABLE 147            GERMANY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            173

TABLE 148            FRANCE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            174

TABLE 149            FRANCE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            174

TABLE 150            ITALY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            175

TABLE 151            ITALY: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            175

TABLE 152            REST OF EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            176

TABLE 153            REST OF EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)            176

TABLE 154            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)                 178

TABLE 155            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            178

TABLE 156            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2020–2023 (USD MILLION)                 178

TABLE 157            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICE MARKET, BY VERTICAL,  2024–2029 (USD MILLION)                 179

TABLE 158            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,  2020–2023 (USD MILLION)                 179

TABLE 159            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET, BY COUNTRY,  2024–2029 (USD MILLION)                 179

TABLE 160            CHINA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            180

TABLE 161            CHINA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            180

TABLE 162            JAPAN: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            181

TABLE 163            JAPAN: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            181

TABLE 164            INDIA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION)            182

TABLE 165            INDIA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION)            182

TABLE 166            SOUTH KOREA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)                 183

TABLE 167            SOUTH KOREA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2024–2029 (USD MILLION)                 183

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

BY DEVICE TYPE, 2020–2023 (USD MILLION)        184

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

BY DEVICE TYPE, 2024–2029 (USD MILLION)        184

TABLE 170            ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2020–2023 (USD MILLION) 185

TABLE 171            ROW: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE,  2024–2029 (USD MILLION) 185

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

2020–2023 (USD MILLION)            186

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

2024–2029 (USD MILLION)            186

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

2020–2023 (USD MILLION)            186

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

2024–2029 (USD MILLION)            187

TABLE 176            SOUTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET, BY DEVICE TYPE, 2020–2023 (USD MILLION)            187

TABLE 177            SOUTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET,  BY DEVICE TYPE, 2024–2029 (USD MILLION)            188

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

BY DEVICE TYPE, 2020–2023 (USD MILLION)        188

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

BY DEVICE TYPE, 2024–2029 (USD MILLION)        188

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

BY REGION,  2020–2023 (USD MILLION)                 189

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

BY REGION,  2024–2029 (USD MILLION)                 189

TABLE 182            POWER ELECTRONICS TESTING EQUIPMENT MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 190

TABLE 183            POWER ELECTRONICS TESTING SERVICES MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 191

TABLE 184            POWER ELECTRONICS TESTING EQUIPMENT MARKET: DEGREE OF

COMPETITION, 2023       195

TABLE 185            POWER ELECTRONICS TESTING SERVICES MARKET: DEGREE OF

COMPETITION, 2023       197

TABLE 186            POWER ELECTRONICS TESTING MARKET: DEVICE TYPE FOOTPRINT, 2023                 206

TABLE 187            POWER ELECTRONICS TESTING MARKET: TESTING EQUIPMENT FOOTPRINT, 2023               207

TABLE 188            POWER ELECTRONICS TESTING MARKET: TESTING SERVICES FOOTPRINT, 2023    208

TABLE 189            POWER ELECTRONICS TESTING MARKET: VERTICAL FOOTPRINT, 2023       209

TABLE 190            POWER ELECTRONICS TESTING MARKET: REGION FOOTPRINT, 2023           210

TABLE 191            POWER ELECTRONICS TESTING MARKET: DETAILED LIST OF KEY

STARTUPS/SMES, 2023   214

TABLE 192            POWER ELECTRONICS TESTING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023                 215

TABLE 193            POWER ELECTRONICS TESTING MARKET: PRODUCT LAUNCHES,

JUNE 2020– JANUARY 2025             215

TABLE 194            POWER ELECTRONICS TESTING MARKET: DEALS, JUNE 2020–JANUARY 2025              220

TABLE 195            POWER ELECTRONICS TESTING MARKET: EXPANSIONS, JUNE 2020– JANUARY 2025                 223

TABLE 196            POWER ELECTRONICS TESTING MARKET: OTHER DEVELOPMENTS,

JUNE 2020– JANUARY 2025             225

TABLE 197            SGS SA: COMPANY OVERVIEW   226

TABLE 198            SGS SA: PRODUCTS/PRODUCTS/SOLUTIONS/SERVICES OFFERED                 228

TABLE 199            SGS SA: DEALS  229

TABLE 200            SGS SA: EXPANSIONS     229

TABLE 201            INTERTEK GROUP PLC: COMPANY OVERVIEW                 231

TABLE 202            INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    232

TABLE 203            INTERTEK GROUP PLC: DEALS  233

TABLE 204            INTERTEK GROUP PLC: EXPANSIONS     233

TABLE 205            INTERTEK GROUP PLC: OTHER DEVELOPMENTS              234

TABLE 206            TÜV SÜD: COMPANY OVERVIEW               235

TABLE 207            TÜV SÜD: PRODUCTS/SOLUTIONS/SERVICES OFFERED             236

TABLE 208            TÜV SÜD: EXPANSIONS 237

TABLE 209            TÜV RHEINLAND: COMPANY OVERVIEW                 239

TABLE 210            TÜV RHEINLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED    240

TABLE 211            TÜV RHEINLAND: PRODUCT LAUNCHES                 241

TABLE 212            TÜV RHEINLAND: DEALS             241

TABLE 213            EUROFINS SCIENTIFIC: COMPANY OVERVIEW                 242

TABLE 214            EUROFINS SCIENTIFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    244

TABLE 215            EUROFINS SCIENTIFIC: EXPANSIONS     244

TABLE 216            BUREAU VERITAS: COMPANY OVERVIEW                 245

TABLE 217            BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 218            BUREAU VERITAS: DEALS             247

TABLE 219            TÜV NORD GROUP: COMPANY OVERVIEW                 248

TABLE 220            TÜV NORD GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 221            DEKRA: COMPANY OVERVIEW  252

TABLE 222            DEKRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             253

TABLE 223            DEKRA: EXPANSIONS     254

TABLE 224            ADVANTEST CORPORATION: COMPANY OVERVIEW          262

TABLE 225            ADVANTEST CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 226            ADVANTEST CORPORATION: PRODUCT LAUNCHES          264

TABLE 227            ADVANTEST CORPORATION: DEALS      264

TABLE 228            TERADYNE INC.: COMPANY OVERVIEW 266

TABLE 229            TERADYNE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    267

TABLE 230            ROHDE & SCHWARZ: COMPANY OVERVIEW                 269

TABLE 231            ROHDE & SCHWARZ: PRODUCTS/SOLUTIONS/SERVICES OFFERED    270

TABLE 232            ROHDE & SCHWARZ: PRODUCT LAUNCHES                 271

TABLE 233            ROHDE & SCHWARZ: DEALS       272

TABLE 234            KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW          274

TABLE 235            KEYSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    276

TABLE 236            KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES          277

TABLE 237            KEYSIGHT TECHNOLOGIES: DEALS         278

TABLE 238            CHROMA ATE INC.: COMPANY OVERVIEW                 279

TABLE 239            CHROMA ATE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    280

TABLE 240            NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW          281

TABLE 241            NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    281

TABLE 242            NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES          282

TABLE 243            NATIONAL INSTRUMENTS CORP.: DEALS                 282

TABLE 244            COHU, INC.: COMPANY OVERVIEW         283

TABLE 245            COHU, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             284

TABLE 246            COHU, INC.: PRODUCT LAUNCHES          284

TABLE 247            COHU, INC.: DEALS         285

LIST OF FIGURES

FIGURE 1              POWER ELECTRONICS TESTING MARKET SEGMENTATION              29

FIGURE 2              STUDY YEARS CONSIDERED       30

FIGURE 3              POWER ELECTRONICS TESTING MARKET: RESEARCH DESIGN         33

FIGURE 4              KEY DATA FROM SECONDARY SOURCES                 35

FIGURE 5              KEY DATA FROM PRIMARY SOURCES     36

FIGURE 6              KEY INDUSTRY INSIGHTS             37

FIGURE 7              BREAKDOWN OF PRIMARY SOURCES, BY COMPANY TYPE, DESIGNATION,

AND REGION     37

FIGURE 8              SECONDARY AND PRIMARY RESEARCH 38

FIGURE 9              APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY POWER ELECTRONICS TESTING EQUIPMENT PROVIDERS        39

FIGURE 10            APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY POWER ELECTRONICS TESTING SERVICE PROVIDERS        40

FIGURE 11            APPROACH 2 (DEMAND SIDE): BOTTOM-UP ESTIMATION BASED ON REGION              41

FIGURE 12            POWER ELECTRONICS TESTING MARKET: BOTTOM-UP APPROACH              42

FIGURE 13            POWER ELECTRONICS TESTING MARKET: TOP-DOWN APPROACH          42

FIGURE 14            DATA TRIANGULATION                43

FIGURE 15            POWER ELECTRONICS TESTING MARKET, 2020–2029 (USD MILLION)       47

FIGURE 16            POWER MODULE ELECTRONICS TESTING TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD                47

FIGURE 17            TESTING SERVICES TO DOMINATE POWER ELECTRONICS TESTING MARKET BETWEEN 2024 AND 2029                 48

FIGURE 18            AUTOMOTIVE & TRANSPORTATION VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029     49

FIGURE 19            ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER ELECTRONICS TESTING SERVICES MARKET FROM 2024 TO 2029                 50

FIGURE 20            INCREASE IN DEMAND FOR CONSUMER ELECTRONICS AND AUTOMOTIVE & TRANSPORTATION VERTICALS TO DRIVE POWER ELECTRONICS TESTING MARKET                 51

FIGURE 21            POWER MODULE TESTING TO GROW NOTABLY BETWEEN 2024 AND 2029               51

FIGURE 22            AUTOMOTIVE & TRANSPORTATION TO DOMINATE MARKET FROM 2024 TO 2029              52

FIGURE 23            AUTOMATED TEST EQUIPMENT TO ACCOUNT FOR LARGEST MARKET SHARE

IN 2029  52

FIGURE 24            ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING TO ACCOUNT FOR LARGER MARKET SHARE IN 2029                 53

FIGURE 25            ASIA PACIFIC TO DOMINATE POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD                53

FIGURE 26            POWER ELECTRONICS TESTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 54

FIGURE 27            GLOBAL BATTERY ELECTRIC VEHICLE (BEV) SALES, 2020–2023 (MILLION UNITS)         56

FIGURE 28            QUARTERLY ELECTRIC CAR SALES BY REGION, 2022-2024 (MILLION UNITS)        56

FIGURE 29            POWER ELECTRONICS TESTING MARKET DRIVERS AND THEIR IMPACT    60

FIGURE 30            POWER ELECTRONICS TESTING MARKET RESTRAINTS AND THEIR IMPACT             62

FIGURE 31            POWER ELECTRONICS TESTING MARKET OPPORTUNITIES AND THEIR IMPACT   66

FIGURE 32            POWER ELECTRONICS TESTING MARKET CHALLENGES AND THEIR IMPACT          67

FIGURE 33            REVENUE SHIFT AND NEW REVENUE POCKETS FOR POWER ELECTRONICS TESTING MARKET PLAYERS                 68

FIGURE 34            AVERAGE SELLING PRICE OF POWER ELECTRONICS TESTING EQUIPMENT OFFERED BY KEY EQUIPMENT PROVIDERS, 2023 (USD)     69

FIGURE 35            AVERAGE SELLING PRICE OF AUTOMATED TEST EQUIPMENT OFFERED BY TOP EQUIPMENT PROVIDERS, 2020–2023 (USD MILLION)            70

FIGURE 36            AVERAGE SELLING PRICE OF NETWORK ANALYZER OFFERED BY TEST EQUIPMENT PROVIDERS, 2020–2023 (USD)          70

FIGURE 37            AVERAGE SELLING PRICE OF SIGNAL ANALYZER OFFERED BY TEST EQUIPMENT PROVIDERS, 2020–2023 (USD)                 71

FIGURE 38            AVERAGE SELLING PRICE OF POWER ELECTRONICS TESTING EQUIPMENT,

BY REGION, 2020–2023 (USD)      72

FIGURE 39            POWER ELECTRONICS TESTING MARKET: SUPPLY CHAIN ANALYSIS             73

FIGURE 40            POWER ELECTRONICS TESTING MARKET: KEY PLAYERS IN ECOSYSTEM              76

FIGURE 41            INVESTMENT AND FUNDING SCENARIO                 76

FIGURE 42            NUMBER OF PATENTS GRANTED FROM 2015 TO 2024        82

FIGURE 43            IMPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES FOR KEY COUNTRIES, 2020–2023                 83

FIGURE 44            EXPORT DATA FOR HS CODE 8541: SEMICONDUCTOR DEVICES

FOR KEY COUNTRIES, 2020–2023                84

FIGURE 45            POWER ELECTRONICS TESTING MARKET:  PORTER’S FIVE FORCES

ANALYSIS–2023 90

FIGURE 46            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL                 93

FIGURE 47            BUYING CRITERIA FOR TOP THREE VERTICALS                 94

FIGURE 48            ADOPTION OF GEN AI IN POWER ELECTRONICS TESTING              95

FIGURE 49            TESTING SERVICES TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD     98

FIGURE 50            AUTOMATED TEST EQUIPMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD                 100

FIGURE 51            ELECTROMAGNETIC COMPATIBILITY (EMC) TESTING TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD         106

FIGURE 52            POWER MODULE SEGMENT TO GROW AT HIGHEST GROWTH RATE DURING FORECAST PERIOD  110

FIGURE 53            AUTOMOTIVE & TRANSPORTATION VERTICAL TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD                145

FIGURE 54            POWER ELECTRONICS TESTING SERVICES MARKET SEGMENTATION, BY REGION  159

FIGURE 55            CHINA TO EXHIBIT HIGHEST CAGR IN POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD                160

FIGURE 56            ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE POWER ELECTRONICS TESTING SERVICES MARKET DURING FORECAST PERIOD       160

FIGURE 57            NORTH AMERICA: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT               163

FIGURE 58            EUROPE: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT  169

FIGURE 59            ASIA PACIFIC: POWER ELECTRONICS TESTING SERVICES MARKET SNAPSHOT  177

FIGURE 60            POWER ELECTRONICS TESTING EQUIPMENT MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2023                 193

FIGURE 61            POWER ELECTRONICS TESTING SERVICES MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2023 (USD MILLION) 194

FIGURE 62            POWER ELECTRONICS TESTING EQUIPMENT MARKET SHARE ANALYSIS, 2023                 194

FIGURE 63            POWER ELECTRONICS TESTING SERVICES MARKET SHARE ANALYSIS, 2023                 196

FIGURE 64            POWER ELECTRONICS TESTING SERVICES MARKET: COMPANY VALUATION,

2024 (USD BILLION)        198

FIGURE 65            POWER ELECTRONICS TESTING EQUIPMENT MARKET: COMPANY VALUATION, 2024 (USD BILLION)  199

FIGURE 66            POWER ELECTRONICS TESTING SERVICES MARKET: FINANCIAL METRICS (EV/EBITDA), 2024            199

FIGURE 67            POWER ELECTRONICS TESTING EQUIPMENT MARKET: FINANCIAL METRICS (EV/EBITDA), 2024            200

FIGURE 68            BRAND/PRODUCT COMPARISON: POWER ELECTRONICS TESTING SERVICES           200

FIGURE 69            BRAND/PRODUCT COMPARISON: POWER ELECTRONICS TESTING EQUIPMENT    201

FIGURE 70            POWER ELECTRONICS TESTING SERVICES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023                 202

FIGURE 71            POWER ELECTRONICS TESTING EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023                 203

FIGURE 72            POWER ELECTRONICS TESTING MARKET: COMPANY FOOTPRINT, 2023      204

FIGURE 73            POWER ELECTRONICS TESTING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023                 213

FIGURE 74            SGS SA: COMPANY SNAPSHOT   227

FIGURE 75            INTERTEK GROUP PLC: COMPANY SNAPSHOT                 232

FIGURE 76            TÜV SÜD: COMPANY SNAPSHOT              236

FIGURE 77            TÜV RHEINLAND: COMPANY SNAPSHOT                 240

FIGURE 78            EUROFINS SCIENTIFIC: COMPANY SNAPSHOT                 243

FIGURE 79            BUREAU VERITAS: COMPANY SNAPSHOT                 246

FIGURE 80            TÜV NORD GROUP: COMPANY SNAPSHOT                 249

FIGURE 81            DEKRA: COMPANY SNAPSHOT  253

FIGURE 82            ADVANTEST CORPORATION: COMPANY SNAPSHOT          263

FIGURE 83            TERADYNE INC.: COMPANY SNAPSHOT                 267

FIGURE 84            KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT          275

FIGURE 85            CHROMA ATE INC.: COMPANY SNAPSHOT                 280

FIGURE 86            COHU, INC.: COMPANY SNAPSHOT         283