Electrical Test Equipment Global Market Report 2026

Electrical test equipment encompasses a range of devices and instruments utilized in electrical engineering and electronics for measuring, testing, diagnosing, and troubleshooting various electrical parameters and systems. These tools play a crucial role in ensuring the functionality, safety, and performance of electrical circuits, equipment, and installations.

The primary categories of electrical test equipment include stationary and portable devices. Stationary equipment refers to fixed machinery and assets that remain in a fixed location, such as industrial processing units or manufacturing machinery. It is utilized across various applications such as voltage testing, functionality testing, and others, serving diverse verticals including automotive and transportation, aerospace and defense, information technology (IT) and telecommunications, education and government, semiconductors and electronics, industrial, healthcare, energy and power, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on semiconductors, electrical components, and precision measurement equipment have elevated the cost structure of electrical test equipment, particularly affecting industries reliant on imported oscilloscopes, multimeters, and power analyzers. Regions such as North America and Europe, with high dependence on Asian manufacturing, face price increases and supply chain delays across both stationary and portable equipment categories. Nonetheless, tariffs are encouraging investments in domestic calibration and testing equipment production, fostering localized innovation, and strengthening regional supply chain resilience.

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

The electrical test equipment market size has grown strongly in recent years. It will grow from $7 billion in 2025 to $7.38 billion in 2026 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to expansion of electronics manufacturing, rising need for circuit validation and troubleshooting, increased deployment of power distribution networks, growth of testing in automotive electronics, early adoption of portable multimeters.

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

The increasing frequency of electricity-related accidents is projected to drive the growth of the electric test equipment market in the future. Electricity-related accidents refer to incidents that occur due to unintended and harmful interactions with electrical energy, which can lead to injuries, damages, or fatalities. These incidents often result from inadequate safety measures, a lack of awareness, poor maintenance of electrical infrastructure, and insufficient training on electrical safety practices. Electric test equipment serves as a crucial tool in preventing electrical accidents by identifying potential hazards, assessing the condition of electrical systems, and ensuring compliance with safety standards. For example, a report from Onedesk Inc., a Canada-based helpdesk and project management software company, estimates that there are between 500 to 1,000 fatalities resulting from electrical injuries annually in the U.S., alongside approximately 30,000 reported cases of nonfatal electrical injuries each year. Thus, the rising incidence of electricity-related accidents is a key factor driving the growth of the electric test equipment market.

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

In October 2023, Emerson Electric Co., a technology company based in the U.S., completed the acquisition of National Instruments for $8.2 billion. This acquisition is intended to enhance Emerson Electric's portfolio by integrating National Instruments' expertise in the manufacture of electrical test equipment. National Instruments Inc. is recognized for its production of a range of electrical test equipment.

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

North America was the largest region in the electrical test equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrical test equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electrical test equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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

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.

Electrical Test Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses electrical test equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for electrical test equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The electrical test equipment market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Equipment Type: Stationary; Portable
• 2) By Application: Voltage Testing; Functionality Testing; Other Testing Applications
• 3) By Vertical: Automotive And Transportation; Aerospace And Defense; Information Technology (IT) And Telecommunications; Education And Government; Semiconductor And Electronics; Industrial; Healthcare; Energy And Power; Other Verticals
• Subsegments:
• 1) By Stationary: Power Analyzers; Insulation Testers; Circuit Testers; Electrical Load Banks; High-Voltage Test Equipment; Multimeters
• 2) By Portable: Digital Multimeters (DMM); Clamp Meters; Portable Oscilloscopes; Power Quality Analyzers; Earth Ground Testers; Insulation Resistance Testers
• Companies Mentioned: Tektronix Inc.; Keysight Technologies Inc.; Haefely Hipotronics Inc.; Yokogawa Electric Corporation; Rohde & Schwarz GmbH & Co KG; Flir Systems Inc.; National Instruments Corporation; Testo SE & Co. KGaA; Chroma ATE Inc.; Anritsu Corporation; Megger Group Limited; Hioki Corporation; Transcat Inc.; TDK-Lambda Corporation; OMICRON electronics GmbH; GW Instek Inc.; Kikusui Electronics Corporation; Kyoritsu Electrical Instruments Works Ltd.; Elcometer Limited; Seaward Group; AEMC Instruments (Chauvin Arnoux Inc.); B&K Precision Corporation; PCE Holding GmbH; Scientific Mes-Technik Pvt. Ltd.; Beha-Amprobe GmbH; Electrical Test Instruments LLC (ETI)
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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