Power Electronic Testing Market worth $9.3 billion by 2029 – Exclusive Report by MarketsandMarkets™
The global power electronics testing market 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 according to a new report by MarketsandMarkets™. The growth of the power electronics testing market is fueled by multiple significant factors ranging from fast EV adoption to the increasing demand for renewable energy infrastructures using power electronics for conversion and grid adherence. Widespread adoption of semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN) in high-power applications prompts the…
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