Hipot Tester Market Size

Hipot Tester Market size was over USD 89.35 million in 2024 and is likely to reach USD 152.54 million by the end of 2037, growing at around 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hipot tester is assessed at USD 92.35 million.

The market is expanding due to the increased need for safety in the automotive and laboratory production sectors. Hipot tester has a broad range of applications, which is driving up demand for the product globally. In 2021, there was a 3% year-over-year growth in the production of motor cars, with around 80 million vehicles produced worldwide.

In addition to these, there is a growing need for precise and effective testing equipment as enterprises automate more of their operations. Advanced features like remote control and automated test sequences are becoming more and more common in hotpot testers.  Businesses that have automated at least one process do so in roughly 66% of cases. While 50% of firms expect to automate all repetitive processes, the remaining 80% are planning to accelerate process automation