Future of the Global Electricity And Signal Testing Instruments Market: Growth Projections and Key Trends (2025-2034)

What are the recent trends in market size and growth for the electricity and signal testing instruments market?

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 4.0 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.

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How have varous drivers impacted the growth of the electricity and signal testing instruments market?

The increasing demand from construction industries drove the market for electricity and signal testing instruments. The electricity and signal testing instruments manufacturing market is registering strong growth due to the rise in construction activity. The increasing demand for construction activity was aided by rising disposable income, strong economic growth, a stable political environment, and increasing 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 rise from $9.7 trillion in 2022 to $13.9 trillion by 2037, fueled by the major construction markets of China, the U.S., and India. Therefore, the increasing demand from construction activities is expected to drive the electricity and signal testing instruments market.

What are the primary segments of the electricity and signal testing instruments market?
The electricity and signal testing instruments market covered in this report is segmented –

1) By Type: Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor And Signal Testing Instruments
2) By Services: Calibration Services, Repair Services Or After-Sales Services
3) By Application: Environmental Protection, Rail, Water Affairs, Municipal, Other Applications

Subsegments:
1) By Electricity Testing Instruments: Multimeters, Clamp Meters, Insulation Testers, Power Analyzers, Circuit Breaker Testers
2) By Other Testing And Measuring Instruments: Temperature Testers, Pressure Testers, Vibration Meters, Humidity Testers, Electrical Safety Testers
3) By Semiconductor And Signal Testing Instruments: Oscilloscopes, Signal Generators, Spectrum Analyzers, Semiconductor Analyzers, Logic Analyzers

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Which firms are leading the electricity and signal testing instruments market?

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

How will industry trends affect the trajectory of the electricity and signal testing instruments market?

The companies in the electricity and signal testing instruments are increasingly investing in the miniaturization of the instruments. The fast growth in the electronics industry is leading to the development of small-sized electronic devices for which miniaturized tests and measurement equipment are required. Miniaturized test and measurement equipment are flexible and easy to use. For example, Advantest is currently offering miniaturized electricity and signal testing equipment to keep up with the growing end-user demand.

Which geographic trends are shaping the electricity and signal testing instruments market, and which region has the highest market share?

Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2023. 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

What Does The Electricity And Signal Testing Instruments Market Report 2025 Offer?

The electricity and signal testing instruments market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Electricity and signal testing instruments are defined as instruments that are used for detecting faults in the operation of electronic devices, and capturing responses from electronic devices for the usage of measuring and testing the characteristics of electronic and electrical signals. The electricity and signal testing instruments are necessary to find and analyze the circuit conditions, and for checking electronic test equipment and maintenance in various industries.

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