According to our (Global Info Research) latest study, the global Electrical Test and Measuring Instruments market size was valued at US$ 3674 million in 2025 and is forecast to a readjusted size of US$ 5101 million by 2032 with a CAGR of 4.8% during review period.
In 2025, global sales of electrical test and measurement instruments reached approximately 8.5 million units, with an average selling price of US$420 per unit. Electrical test and measurement instruments include multimeters, oscilloscopes, ground resistance meters, insulation resistance meters, and power quality analyzers, used to detect and analyze electrical parameters such as voltage, current, resistance, and electrical energy. They are widely used in industrial automation, building electrical installation and maintenance, energy and power systems, research laboratories, and education and training. The main upstream raw materials include high-precision sensors, analog/digital chips, LCD/LED display modules, precision plastic and metal housings, connectors, and cables. By per unit, electronic components account for approximately 45% of material consumption, structural and housing components approximately 30%, sensors and modules approximately 15%, and auxiliary components approximately 10%. Downstream, the main suppliers are engineering contractors, electrical repair companies, power companies, and equipment maintenance departments in the manufacturing industry. Industrial equipment maintenance accounts for approximately 35% of consumption, power and energy approximately 25%, building and installation approximately 20%, research and education approximately 10%, and other sectors approximately 10%. Global production capacity is approximately 10 million units per year, with an average gross profit margin of about 32%. Demand and opportunity analysis shows that with the advancement of intelligent manufacturing and energy digitalization, power system upgrades and distributed energy integration, improved building electrical safety standards, and increased demand for IoT device verification, high-end testing instruments and automated online measurement solutions are experiencing significant growth. Meanwhile, lightweight design, intelligent connectivity, and remote analysis via mobile apps are becoming new preferences for end-users, driving product upgrades towards higher added value, intelligence, and service orientation. The market for upgrading existing tools and specialized applications holds continuous business opportunities.
The electrical testing and measuring instrument market is generally on a steady growth trajectory. With the accelerated global industrial automation, intelligent manufacturing, and digital upgrades of power systems, enterprises' demand for high-precision, high-reliability testing equipment continues to rise. The market is evolving from traditional general-purpose instruments to high-end, systematic solutions, and the industry's long-term outlook is positive.
From a demand structure perspective, power and energy, new energy grid connection, rail transit, data centers, and high-end manufacturing are the core driving forces. The expansion of new energy installations is driving demand for equipment such as power quality analysis and relay protection testing; the intelligentization of industrial equipment is promoting the application growth of oscilloscopes, power analyzers, and integrated online testing platforms, shifting downstream demand from "maintenance-oriented" to "prevention-oriented and online monitoring-oriented."
In terms of technological trends, intelligence and interconnectivity are the main themes. Instruments integrating wireless communication, cloud platforms, data analysis, and remote operation and maintenance functions are more favored. The value of software and algorithms is increasing, hardware profits are gradually being squeezed, and manufacturers are shifting from selling equipment to a "equipment + software + service" solution model, significantly improving customer stickiness and lifetime value.
In terms of the competitive landscape, the high-end market remains dominated by international brands, which rely on technological accumulation and brand advantages to occupy core application scenarios. Domestic manufacturers in the mid-to-low-end and niche markets are continuously expanding their market share through cost-effectiveness, rapid customization, and channel penetration, demonstrating a clear trend of domestic substitution. However, there is still room for improvement in the fields of high-precision and complex system integration.
From a price and profitability perspective, intensified competition in general-purpose products has put downward pressure on prices, while the gross profit margins of high-end, specialized, and system-level products remain relatively stable. Fluctuations in raw materials and core chips disrupt costs, and companies with supply chain integration and economies of scale are more resilient to risks.
Overall, the electrical testing and measuring instrument industry will maintain medium- to long-term growth driven by energy transition, industrial upgrading, and strengthened safety regulations. Future opportunities lie in new energy testing, online monitoring, intelligent diagnostics, high-precision metrology, and the "instrument-as-a-service" model. Manufacturers that can continuously invest in R&D and build software ecosystems are more likely to stand out in the competition.
This report is a detailed and comprehensive analysis for global Electrical Test and Measuring Instruments market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Electrical Test and Measuring Instruments market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Electrical Test and Measuring Instruments market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Electrical Test and Measuring Instruments market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Electrical Test and Measuring Instruments market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electrical Test and Measuring Instruments
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electrical Test and Measuring Instruments market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Rohde & Schwarz, Testo, Scientech, UNI-T, Hioki, HT Instruments, Fluke, AEMC, Burster, T&R Test Equipment Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electrical Test and Measuring Instruments market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Voltage/Current/Resistance Measurement
Time Domain and Waveform Analysis
Frequency Domain and Spectrum Analysis
Others
Market segment by Motivation Source
Signal Excitation Sources
Signal Analyzers
Others
Market segment by Equipment Form
Handheld
Desktop
Market segment by Application
Electronics
Lighting
Automotive
Environmental Monitoring
Others
Major players covered
Rohde & Schwarz
Testo
Scientech
UNI-T
Hioki
HT Instruments
Fluke
AEMC
Burster
T&R Test Equipment Ltd.
Good Will Instrument Co., Ltd
Sonel SA
Cersa MCI
TOPTUL
Mahesh Electrical Instruments
Keysight
Yokogawa Electric
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electrical Test and Measuring Instruments product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electrical Test and Measuring Instruments, with price, sales quantity, revenue, and global market share of Electrical Test and Measuring Instruments from 2021 to 2026.
Chapter 3, the Electrical Test and Measuring Instruments competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electrical Test and Measuring Instruments breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Electrical Test and Measuring Instruments market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electrical Test and Measuring Instruments.
Chapter 14 and 15, to describe Electrical Test and Measuring Instruments sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Electrical Test and Measuring Instruments. Industry analysis & Market Report on Electrical Test and Measuring Instruments is a syndicated market report, published as Global Electrical Test and Measuring Instruments Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Electrical Test and Measuring Instruments market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.