The global Power Semiconductor Test Systems market was valued at US$ 284.1 million in 2024 and is expected to reach US$ 461.0 million by 2031, growing at a CAGR of 8.32% during 2025-2031.
North American market for Power Semiconductor Test Systems was valued at $ 37.81 million in 2024 and will reach $ 55.5 million by 2031, at a CAGR of 6.15% during the forecast period of 2025 through 2031.
Asia-Pacific market for Power Semiconductor Test Systems was valued at $ 197.79 million in 2024 and will reach $ 340.5 million by 2031, at a CAGR of 9.13% during the forecast period of 2025 through 2031.
Europe market for Power Semiconductor Test Systems was valued at $ 42.35 million in 2024 and will reach $ 55.82 million by 2031, at a CAGR of 6.37 % during the forecast period of 2025 through 2031.
The global key companies of Power Semiconductor Test Systems include Teradyne (Lemsys), TESEC Corporation, Advantest (CREA), Hitachi Energy, NI (SET GmbH), SPEA S.p.A., Tektronix, Lorlin Test Systems, and JUNO International, etc. In 2024, the global seven largest players hold a share approximately 60 % in terms of revenue.
The Semiconductor Discrete Devices industry remains a critical foundation of modern electronics, enabling essential power switching, signal conditioning, and protection functions across countless applications. The market—encompassing diodes, bipolar junction transistors (BJTs), MOSFETs, thyristors, and insulated gate bipolar transistors (IGBTs)—is experiencing robust demand, particularly from sectors such as electric vehicles (EVs), industrial automation, renewable energy systems, and 5G infrastructure. Traditional silicon-based discrete devices continue to dominate in cost-sensitive and legacy markets, but there is a strong and accelerating shift toward wide bandgap (WBG) materials, especially SiC and GaN, which offer superior thermal conductivity, faster switching, and higher voltage handling capability.
Looking ahead, the discrete semiconductor market is poised for steady growth through 2031, driven by electrification trends, energy efficiency regulations, and the rapid digitalization of industrial and consumer systems. The expansion of EV drivetrain and charging systems, solar inverters, and high-frequency power supplies is pushing device performance requirements beyond what traditional discrete technologies can support. As a result, innovation is expected across materials, packaging, and test methodologies. Future development will also be shaped by supply chain localization efforts, green manufacturing policies, and the integration of AI-driven system diagnostics, which will demand more advanced and automated test platforms for discrete devices during production and qualification.
This report aims to provide a comprehensive presentation of the global market for Power Semiconductor Test Systems, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Power Semiconductor Test Systems by region & country, by Type, and by Application.
The Power Semiconductor Test Systems market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Semiconductor Test Systems.
Market Segmentation
By Company
Teradyne (Lemsys)
TESEC Corporation
Advantest (CREA)
Hitachi Energy
NI (SET GmbH)
SPEA S.p.A.
Tektronix
Lorlin Test Systems
JUNO International
ITEC BV
ipTEST Ltd
VX Instruments GmbH
ShibaSoku
STATEC
PowerTECH
Shandong Prime-rel Electronic Technology
Unisic Technology
Hefei Kewell Power System
Beijing Huafeng Test & Control Technology
POWORLD Electronic
Hangzhou Changchuan Technology
Shaoxing Hongbang Electronics Technology
Shenzhen SiCarrier Technologies
Shenzhen Bronze Technologies
Wei Min Industrial
Hangzhou Firstack Technology
Segment by Type
Power Module Tester (IPM, PIM)
Power Discrete Testing System
Segment by Application
Silicon Semiconductor
SiC and GaN Semiconductor
By Region
North America
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