5.12.6.1Vertical
Electrical Power Testing Equipment
Manufacturers of power quality analyzers, clamp meters, and high-voltage test equipment.
Market snapshot
These figures describe Test & Measurement Equipment (5.12.6), the segment that Electrical Power Testing Equipment sits within — not Electrical Power Testing Equipment on its own.
- Market size
- ~$25B
- Growth
- ~1.5%CAGR (2017–22, nominal)
- Companies
- ~1,600
FragmentationConsolidatedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 334515 (instruments for measuring/testing electricity & electrical signals) + 334519 (other measuring & controlling devices).
Business model & economics
Revenue model
Instrument sales plus calibration, service, and software
Key economics
- Recurring revenue
- Moderate–High
- EBITDA margin
- Strong
- Capex intensity
- Moderate
recurring calibration and service
technology-driven instrument economics
Characteristics
- Led by Keysight, Tektronix, Fluke, NI.
- 5G/6G, semiconductors, and electronics drive demand.
- Increasingly software- and analytics-driven.
M&A deal context
Deal activityHigh
Who’s acquiring
- Test-and-measurement majors
- PE-backed platforms
- Specialty consolidators
What’s driving deals
- Electronics, 5G, and semiconductor testing demand.
- Software, analytics, and recurring-service capture.
- Roll-up of specialty test instruments.
Find Electrical Power Testing Equipment acquisition targets
Search Acquisera’s index for companies classified under Electrical Power Testing Equipment (5.12.6.1) and build a targeted deal pipeline.
Search companies