Canada Test And Measurement Equipment Market Size & Outlook
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Canada test and measurement equipment market highlights
- The Canada test and measurement equipment market generated a revenue of USD 569.1 million in 2024 and is expected to reach USD 640.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.1% from 2025 to 2030.
- In terms of segment, general purpose test equipment was the largest revenue generating product in 2024.
- General Purpose Test Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Test and measurement equipment market data book summary
| Market revenue in 2024 | USD 569.1 million |
| Market revenue in 2030 | USD 640.4 million |
| Growth rate | 2.1% (CAGR from 2025 to 2030) |
| Largest segment | General purpose test equipment |
| Fastest growing segment | General Purpose Test Equipment |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Purpose Test Equipment, Mechanical Test Equipment |
Other key industry trends
- In terms of revenue, Canada accounted for 1.7% of the global test and measurement equipment market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. test and measurement equipment market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,961.0 million by 2030.
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Test And Measurement Equipment Market Scope
Test And Measurement Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Particle Measuring Systems | View profile | 501-1000 | Boulder, Colorado, United States, North America | https://www.pmeasuring.com/ |
| UNI-Trend Technology China | View profile | 1001-5000 | Dongguang, Guangdong, China, Asia | https://www.uni-trend.com.cn/index.php |
| EXFO | View profile | 1001-5000 | Quebec, Quebec, Canada, North America | http://www.exfo.com |
| Keysight Technologies | View profile | 10001+ | Santa Rosa, California, United States, North America | https://www.keysight.com |
| National Instruments | View profile | 5001-10000 | Austin, Texas, United States, North America | http://www.ni.com |
| ANRITSU CORPORATION | View profile | 1001-5000 | Atsugi, Kanagawa, Japan, Asia | https://www.anritsu.com |
| Rohde & Schwarz | View profile | 10001+ | Munich, Bayern, Germany, Europe | http://www.rohde-schwarz.com/ |
| Viavi Solutions Inc | View profile | 3600 | 1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, United States, 85286 | https://www.viavisolutions.com |
| Yokogawa Electric Corp. | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.yokogawa.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Advantest Corp | View profile | 7092 | 1-6-2, Marunouchi, Shin-Marunouchi Center Building, Chiyoda-ku, Tokyo, Japan, 100-0005 | http://www.advantest.co.jp |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
Canada test and measurement equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to test and measurement equipment market will help companies and investors design strategic landscapes.
General purpose test equipment was the largest segment with a revenue share of 67.67% in 2024. Horizon Databook has segmented the Canada test and measurement equipment market based on general purpose test equipment, mechanical test equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Canada test and measurement equipment market databook
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Our clientele includes a mix of test and measurement equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada test and measurement equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada test and measurement equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada Product - Test And Measurement Equipment Market size, 2024 - 2030 (US$M)
Canada Test And Measurement Equipment Market Outlook Share, 2024 & 2030 (US$M)
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