Electricity and Signal Testing Instruments Market Report 2026

The electricity and signal testing instruments market size has grown strongly in recent years. It will grow from $69.17 billion in 2025 to $72.68 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing industrial automation, growth of consumer electronics, rising adoption of electrical devices, expansion of telecommunications infrastructure, government support for standardization.

The electricity and signal testing instruments market size is expected to see strong growth in the next few years. It will grow to $90.87 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to emerging smart grid systems, growth in renewable energy sectors, adoption of predictive maintenance technologies, rise in semiconductor testing demand, expansion of rail and transport electrification. Major trends in the forecast period include miniaturization of testing equipment, portable and handheld devices, wireless and remote monitoring solutions, advanced signal analysis and visualization, automated calibration and maintenance.

The growing demand from the construction industry has driven the market for electricity and signal testing instruments. The electricity and signal testing instruments manufacturing market is experiencing strong growth due to the rise in construction activities. This increasing demand is supported by higher disposable incomes, robust economic growth, a stable political environment, and rising foreign investments. For example, in March 2023, Oxford Economics, a UK-based economic information services company, projected that the value of construction work would 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. Hence, the growing demand from construction activities is expected to propel the electricity and signal testing instruments market.

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 October 2023, Rohde & Schwarz GmbH & Co. KG, a Germany-based technology company, acquired ZES Zimmer Electronic Systems GmbH for an undisclosed sum. Through this acquisition, Rohde & Schwarz aims to broaden its test and measurement portfolio for power electronics and enhance its expertise in power analysis for applications including renewable energy, e-mobility, and industrial drives. ZES Zimmer Electronic Systems GmbH is a Germany-based company offering precision power analyzers and related accessories for electrical and signal testing.

Major companies operating in the electricity and signal testing instruments market are 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.

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 have impacted the electricity and signal testing instruments market by increasing the cost of imported components such as semiconductors, sensors, and precision instruments, leading to higher production expenses and delayed deployment. Segments like semiconductor and signal testing instruments, particularly in regions like Asia-Pacific and North America, are most affected due to their reliance on imported parts. However, tariffs have also encouraged local manufacturing initiatives and investment in domestic supply chains, potentially driving innovation and cost optimization in the long term.

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.

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.Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2025. 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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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