Electricity and Signal Testing Instruments Market Report 2025

This Electricity and Signal Testing Instruments market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The electricity and signal testing instruments market size has grown strongly in recent years. It will grow from $67.25 billion in 2024 to $71.7 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to electrification, advancements in electrical engineering and measurement technology, safety and compliance, industrialization, telecommunications and electronics.

The electricity and signal testing instruments market size is expected to see strong growth in the next few years. It will grow to $89.91 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to renewable energy integration, energy efficiency and conservation, industry 4 and iot, regulatory changes, 5g and communication technologies. Major trends in the forecast period include portable and handheld instruments, wireless connectivity, multifunctional testers, data analysis and visualization, green testing solutions.

The electricity and signal testing instruments market has experienced robust growth, primarily due to increased demand from the construction industry. This surge is attributed to a rising construction activity driven by factors like growing disposable income, strong economic expansion, political stability, and increased foreign investments. For instance, in March 2023, according to Oxford Economics, a UK-based economic information services company, the value of construction work is projected to increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by major construction markets in China, the U.S., and India. Therefore, the growing demand from construction activities is expected to drive the growth of the electricity and signal testing instruments market.

The electricity and signal testing instruments market is poised for growth due to the increasing demand for renewable energy sources. Renewable energy, characterized by sustainability and environmental friendliness, is gaining prominence as an alternative to traditional fossil fuels. These instruments play a vital role in ensuring the efficiency, safety, and proper functioning of renewable energy systems, including solar, wind, and hydroelectric power. The United States, for instance, witnessed a substantial increase in renewable energy consumption, reaching 13.2 quads in 2022, up from 12.1 quads in 2021, highlighting the growing importance of renewable energy sources in driving the electricity and signal testing instruments market.

In response to the fast-growing electronics industry, companies in the electricity and signal testing instruments sector are increasingly investing in the miniaturization of testing equipment. This shift is driven by the need for smaller test and measurement instruments to accommodate the development of compact electronic devices. Miniaturized equipment offers flexibility and ease of use, catering to the demands of this evolving industry. Advantest, for instance, has introduced miniaturized electricity and signal testing equipment to meet the growing requirements of end-users.

Major companies in the electricity and signal testing instruments market are focusing on developing innovative products, such as advanced multichannel signal generators, to deliver precise and high-performance signal generation for wideband multichannel applications in wireless communications and radar systems. An advanced multichannel signal generator is a sophisticated device capable of simultaneously producing multiple independent signals with precise control over frequency, amplitude, and modulation, essential for testing and developing complex communication systems. For instance, in September 2023, Keysight Technologies, a US-based technology company, launched the N5186A MXG Vector Signal Generator. This compact device supports signal generation up to 8.5 GHz with 960 MHz of modulation bandwidth per channel, providing exceptional error vector magnitude and low signal distortion. It simplifies complex setups with its 2U form factor and embedded reflectometer, offering precise signals and accelerating testing processes for wireless communications and radar applications.

In August 2022, Germany-based Maschinenfabrik Reinhausen GmbH expanded its footprint in the high-voltage testing industry by acquiring Advanced Testing Systems Inc., a U.S.-based electrical testing and maintenance company, enhancing its product portfolio and presence in the U.S. market.

Electricity and signal testing instruments are devices designed for detecting faults in the operation of electronic equipment and capturing responses from electronic devices to measure and test the characteristics of electrical and electronic signals. These instruments are essential for diagnosing circuit conditions, checking electronic test equipment, and performing maintenance in various industries.

The primary categories of electricity and signal testing instruments include electricity testing instruments, other testing and measuring instruments, and semiconductor and signal testing instruments. These instruments are capable of measuring a wide range of electrical parameters, including current, voltage, resistance, continuity, and more. They find application in tasks ranging from inspecting live wires and circuit breakers to assessing power transformers and electrical panels, often used by electrical contractors and professionals. Additionally, services related to these instruments include calibration services and repair services, including after-sales support. These services are used in various applications, including those related to environmental protection, rail, water affairs, municipal operations, and other sectors where precise measurements and testing are necessary.

The electricity and signal testing instruments market research report is one of a series of new reports that provides electricity and signal testing instruments market statistics, including electricity and signal testing instruments industry global market size, regional shares, competitors with an electricity and signal testing instruments market share, detailed electricity and signal testing instruments market segments, market trends and opportunities, and any further data you may need to thrive in the electricity and signal testing instruments industry. This electricity and signal testing instruments market research report delivers a complete perspective of everything you need, with an in-deptconsistsh analysis of the current and future scenario of the industry.

Major companies operating in the electricity and signal testing instruments market include Fortive Corporation, Rohde & Schwarz GmbH & Co, Anritsu Corporation, Advantest Corp, Teradyne Inc., Good Will Instruments, Keysight Technologies, Tektronix, Fluke Corporation, Agilent Technologies, National Instruments Corporation, Yokogawa Electric Corporation, EXFO Inc., Viavi Solutions Inc., Chroma ATE Inc., Teledyne LeCroy Inc., GW Instek, B&K Precision Corporation, Hioki E.E. Corporation, Megger Group Limited, Chauvin Arnoux Group, Amprobe Test Tools, AEMC Instruments, Flir Systems Inc., Emerson Electric Co., Danaher Corporation, Honeywell International Inc., Siemens AG, General Electric, Schneider Electric SE.

Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2024. North America was the second-largest region in the electricity and signal testing instruments market. The regions covered in the electricity and signal testing instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electricity and signal testing instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The electricity and signal testing instruments market consist of sales of circuit and continuity testers, volt meters, ohm meters, watt meters, multimeters, semiconductor test equipment, and other electricity and signal testing instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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