Electrical Testing Trends for 2024
Electrical systems, products, and devices are progressing rapidly, leading to a higher demand than ever for customized, innovative electrical testing solutions. As a result, this industry shows growth stepping into 2024, with a compound annual growth rate (CAGR) of 6.73% particularly in North America, where the market is the largest. Here are a few trends in the electrical testing industry that are sure to continue transforming electrical testing solutions for years to come.
Renewable Energy
In recent years there has been an increased push from legislators and consumers alike for more eco-friendly and energy-efficient options. This has led to a major shift towards renewable energy including solar, wind, and geothermal products and processes. This highlights a growing need for electrical testing solutions that can support, analyze, monitor, and maintain these renewable energy sources.
Electrical Vehicles
Electrical Vehicles (EV) have been steadily increasing in popularity over the years, and 2024 points towards a continuing surge in demand. Within the electrical testing world, EVs create new opportunities for electrical testing innovation. In particular, an increase in EV sales requires an increase in electrical battery testing capacities.
Virtual Electrical Testing Equipment
Many manufacturers and companies are continuing to face challenges related to a dwindling workforce, partially due to continued COVID-19 related restrictions. As a result, there is a slow but sure push towards the development of virtual electrical testing equipment that utilizes top-notch software and lenses to perform testing processes from afar, thus reducing the need for physical manpower to facilitate testing.
As the world continues to develop and invent, the electrical testing industry is likewise evolving to meet the changing needs of consumers and manufacturers. Partnering with an experienced and innovative electrical testing supplier grants access to customized solutions that meet the diverse specifications of up-and-coming electrical products while also adhering to developing regulations and standards.
Test Products, Inc. (TPI) has provided custom and patented solutions for the electrical testing industry for decades due to its ability to customize testing systems to fit each client’s unique needs. TPI focuses on creating a testing plan as a final step to validate and verify the smallest sub-system to the entire final assembled product to assure it arrives as promised to the customer and that you are producing it with the highest throughput and profitability.