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United States (USA) Test and Measurement Equipment Market worth $11.79 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., April 3, 2025 /PRNewswire/ — The US test and measurement equipment market is expected to reach USD 11.79 billion by 2029, up from USD 9.48 billion in 2024, at a CAGR of 4.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The US test and measurement equipment market is strengthened by its advanced technological infrastructure and strict regulatory framework. With an existing infrastructure that supports innovation, efficiency, and scalability, the US is the leader in producing state-of-the-art testing equipment. Regulatory bodies such as the FCC and NIST enforce strict standards of precision, performance, and safety, which enhances reliability and consumer trust. These factors, along with the presence of market leaders in the sector, drive the use of test and measurement equipment in major industries, further consolidating the leadership position of the US in the North American region.

View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/test-measurement-equipment-market-116452716.html

The industrial vertical holds the largest market share of test and measurement equipment in the US.

The industrial vertical of the US test and measurement equipment industry holds the largest market share due to the precise test solutions for operational efficiency, quality assurance, and regulatory compliance. The manufacturing, energy, process automation, and heavy machinery industries use advanced measurement instruments for efficient production, minimized downtime, and high safety measures. Growing application of smart manufacturing and Industry 4.0 principles, also speed up the demand for test and measurement solutions supporting predictive maintenance, automation, and real-time monitoring. In addition, stringent government regulations and industry-specific standards impose the demand for continuous testing and verification of components, systems, and processes to ensure safety, reliability, and performance standards. The integration of new sensors, robots, and industrial IoT (IIoT) necessitates the use of sophisticated test tools to analyze data accuracy, system interoperability, and effectiveness.

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GPTE (general purpose test equipment) is expected to grow at the highest CAGR in the US market during the forecast period.

General Purpose Test Equipment (GPTE) is expected to grow at the highest CAGR in the US market because of its adaptability for various testing applications, facilitating research, product development, and quality control. With a growing focus on automation and digitalization in the industry, the demand for flexible test solutions with multi-parameter handling capability rises. Increasing investment in infrastructure, such as 5G networks, smart grids, and autonomous systems, continues to increase demand for compliance and performance assurance testing tools. Also, the expansion of laboratories, field test applications, and high safety and operating standards necessitate the usage of test and measurement equipment in the workflow. Multiple companies are continuously involved in the expansion and development of GPTE product portfolio. For instance, in September 2024 Keysight Technologies launched InfiniiVision HD3 series an advanced 14-bit precision oscilloscope for general applications, which can deliver four times the signal resolution and half the noise floor of other general-purpose oscilloscopes.

Integration of AI and Machine Learning in Test and Measurement Equipment Driving Market Growth

The convergence of artificial intelligence (AI) and machine learning (ML) in test and measurement instruments is highly boosting market demand, as these technologies revolutionize data analysis, testing procedures, and equipment maintenance processes. Al and ML facilitate faster and more accurate data analysis, enabling quick and more accurate evaluation of large datasets. Their advanced computational capabilities recognize subtle differences that traditional methods can overlook, leading to more informed decision-making and improved operational outcomes.

Predictive maintenance based on Al and ML primarily reduces downtime by recognizing potential equipment failure before it occurs, boosting efficiency, and minimizing maintenance-caused disruptions. Further, Al-based test automation shortens testing cycles, reduces errors, and enhances productivity. The demand for sophisticated test and measurement equipment with Al capability continuously increasing with industries becoming more dependent on high-performance and time-saving testing solutions.

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Key Players

The companies of test and measurement equipment companies include Keysight Technologies (US), Fortive (US), AMETEK, Inc. (US), Rohde & Schwarz (Germany), NATIONAL INSTRUMENTS CORP. (US), Teledyne Technologies (US), VIAVI Solutions Inc. (US), Anritsu (Japan), Yokogawa Electric Corporation (Japan), and Advantest Corporation (Japan) among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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LG ANNOUNCES MULTI-YEAR PARTNERSHIP WITH BOSTON RED SOX

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LG Electronics USA Named ‘Official TV Partner of the Boston Red Sox,’
Building on LG’s Role as Digital Signage Provider to Fenway Park

BOSTON, April 7, 2025 /PRNewswire/ — LG Electronics USA and the Boston Red Sox have announced a groundbreaking multi-year partnership, making LG the “Official TV Partner of the Boston Red Sox.”

This collaboration, brokered by ANC, marks the first fully integrated marketing partnership between LG and the Red Sox, leveraging LG’s cutting-edge commercial and consumer display technologies to enhance the Fenway Park experience for fans. Building on their longstanding relationship with Fenway Sports Group, ANC, a sports and entertainment venue solutions and marketing agency, played a pivotal role in bringing this partnership to life.

Following ANC’s recent upgrades to Fenway Park’s entire digital display network utilizing LG DVLEDs, including the main videoboard in centerfield, this deal further strengthens LG’s presence through a premier sponsorship package with the team and new LG LED signage integrations. 

Beyond LED digital signage, the agreement establishes a multi-year marketing platform that opens the door for future LG product integrations, including the placement of LG TVs in premium areas of Fenway Park. 

“The Boston Red Sox are thrilled to welcome LG Electronics as the Official TV Partner of the club,” said Troup Parkinson, Chief Marketing and Partnerships Officer, Boston Red Sox. “Through our valued partnership with ANC, we’re proud to bring an industry leader like LG into the Red Sox family. This collaboration will elevate the in-venue experience for our fans with cutting-edge technology while also expanding LG’s presence through dynamic activations that will engage Red Sox Nation all season long.”

“We are honored to be the Official Television Partner of the Boston Red Sox,” said Phil Lubell, LG Electronics USA’s head of Media Entertainment Solution marketing. “Year after year, LG OLED TVs consistently receive rave reviews for their lifelike and immersive picture quality and sound. That’s why we’ve been the Worlds’ Number 1 brand of OLED TVs for the past 12 years.”1

ANC, which recently formed an official alliance with LG to drive revenue and innovation for North American sports and entertainment venues, played a key role in structuring and negotiating this historic partnership.

“Our deep-rooted relationship with Fenway Sports Group and our newly established partnership with LG Electronics made this a natural fit,” said Jerry Cifarelli Jr., ANC President and CEO. “Fenway Park has been a pioneer in integrating digital technology while maintaining its historic charm, and we are proud to facilitate this collaboration that enhances the in-game experience while creating significant marketing opportunities for LG.”

For the past 12 years, as the leader and original creator of OLED TVs, LG has refined its premium TV innovation year after year. Today, LG offers the widest lineup of OLED TVs from 42 thru 97 inch screen sizes, as well as innovative OLED TV solutions such as the world’s only 42-inch flexible TV, the LG OLED Flex, as well as unique lifestyle TVs including the LG StanbyME and LG StanbyME Go. For more information on the complete lineup of 2025 LG TVs, visit LG.com.

1Source: OMDIA Unit shipments, 2013-2024. Results are not an endorsement of LG Electronics. Any reliance on these results is at the third-party’s own risk. Visit https://www.omdia.com/ for more details.

About LG Electronics USA
LG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a leading smart life solutions company with annual global revenues of more than $60 billion. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. www.LG.com.

About ANC 
ANC is a leading sports entertainment agency that delivers cutting-edge multimedia advertising solutions and venue technology integration. With over 25 years of experience, ANC partners with top-tier professional sports teams, entertainment venues, and brands to enhance the fan experience through custom digital signage solutions, immersive marketing activations, and strategic sponsorship programs.

Media Contacts:

LG Electronics USA

Chris De Maria

Kimberly Regillio 

christopher.demaria@lge.com

kim.regillio@lge.com

www.LG.com 

www.LGsolutions.com

ANC

Alison Burke Benesta

alison@anc.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-announces-multi-year-partnership-with-boston-red-sox-302421443.html

SOURCE LG Electronics USA

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Empower Brands’ COO Thomas Welter Wins Nebraska’s Jeff Vaske Service in Entrepreneurship Award

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Thomas Welter will be presented the Jeff Vaske Service in Entrepreneurship Award by the University of NebraskaLincoln on April 15, 2025.

RICHMOND, Va., April 7, 2025 /PRNewswire/ — Empower Brands is excited to announce that Chief Operating Officer, Thomas Welter, will be the 2025 recipient of the Jeff Vaske Service in Entrepreneurship Award. This award is presented annually to a person who has displayed dedication and who impacted the Nebraska Center for Entrepreneurship’s success. 

Welter started as a Nebraska fellow at the University of Nebraska-Lincoln’s College of Business Administration during the 2023-2024 school year and has elevated to the Entrepreneurship Advisory Board. As a fellow, Welter works with students in and outside of the classroom presenting real life situations entrepreneurs are facing. As an advisory board member, Welter works with faculty providing business insights to the center’s mission and student engagement.   

“It’s been an absolute pleasure to give back to the University of Nebraska community I love so much,” says Welter. “I’ve had the unique opportunity to work with terrific brands small and large and am fortunate to share my experience. These students are impressive with their sophistication and development of concepts. It will be great to see what they do in the future.”

The Jeff Vaske award will be presented on April 15, 2025 during the Entrepreneur Award Celebration. 

For more information about the Nebraska Center for Entrepreneurship and their initiatives, visit https://business.unl.edu/academic-programs/center-for-entrepreneurship/

About Thomas Welter: Thomas Welter is a distinguished professional in the field of business leadership and entrepreneurship and is currently the Chief Operating Officer at Empower Brands, and industry leading franchise organization. With a passion for mentoring and empowering the next generation of business leaders, Welter actively engages with students and community members through his involvement with the University of NebraskaLincoln’s Entrepreneurship Center.

View original content to download multimedia:https://www.prnewswire.com/news-releases/empower-brands-coo-thomas-welter-wins-nebraskas-jeff-vaske-service-in-entrepreneurship-award-302422108.html

SOURCE Empower Brands

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Parallel Technologies and BSB Communications Join Forces to Become Mitel’s Second-Largest U.S. Partner

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A new strategic relationship between Parallel Technologies and BSB Communications enhances service offerings, delivering greater value to customers nationwide.

DUBLIN, April 7, 2025 /PRNewswire-PRWeb/ — Parallel Technologies and BSB Communications today announced a new strategic partnership.

“Partnering with BSB Communications is a game-changer. BSB’s MiVoice Business expertise will allow us to deliver even stronger communication solutions and solidify our position as a powerhouse Mitel partner,” said Don Poling, CEO, Parallel Technologies.

Effective immediately, Michigan-based BSB will operate as a division of Parallel Technologies, continuing to use its brand in specific contexts. This partnership positions BSB and Parallel as Mitel’s second-largest partner in the United States, offering more resources and support to their customers.

Founded in 1984, BSB has been a long time, Exclusive Platinum Mitel partner with extensive experience deploying and supporting Mitel’s flagship MiVoice Business solutions on behalf of 1,000+ customers in the financial, healthcare, and public sector verticals. The combined company now covers Ohio and Michigan while supporting clients nationwide and internationally.

Peter Johnson of BSB will become President of Parallel, while Don Poling remains CEO. “Partnering with BSB Communications is a game-changer,” said Poling. “BSB’s MiVoice Business expertise will allow us to deliver even stronger communication solutions and solidify our position as a powerhouse Mitel partner.”

Parallel Technologies is an employee-owned company that has been in business since 1983 and is powered by the nation’s leading technology advisory firm Bridgepointe. All BSB employees are now part of Parallel’s Employee Stock Ownership Plan (ESOP).

Through Bridgepointe Technologies, BSB will now offer expanded capabilities, including SD-WAN, networking, CX, cybersecurity, and more, providing a single point of contact for all technology and consulting needs. Additionally, Parallel provides structured cabling services and overhead paging as needed.

President of Parallel Technologies, Peter Johnson, added, “BSB Communications has always been committed to exceeding customer expectations. Joining forces with Parallel Technologies allows us to enhance our capabilities and continue delivering top-tier services to our customers. We’re excited for this next chapter.”

About Parallel Technologies, Inc.
Parallel Technologies, Inc. is a top provider of comprehensive communications solutions including Unified Communications, VoIP, SD-WAN, security and networking – both on-premise and as-a-service. For over 40 years, the company has partnered with best-in-class providers to offer solutions to thousands of customers throughout Ohio and the United States. Parallel Technologies’ commitment to customer satisfaction has consistently earned the company numerous industry awards. A 100% employee-owned company, its focus on employees has allowed it to be named as a “Best Place to Work” multiple years in a row. The company is headquartered in Dublin, Ohio, with regional offices in Cincinnati, Dayton, and Youngstown Ohio. For more information, visit http://www.ParallelTech.com

About BSB Communications, Inc.
Founded in 1984, BSB is an Exclusive Platinum Mitel partner that with a diverse client base across all verticals, including financial, healthcare, manufacturing, retail, government, and K-12. They have been recognized by their clients and Mitel for their Technical Excellence and Contact Center expertise. Focused upon delivering Unified Communication and Contact Center solutions that align with the customers needs, BSB offers on premise, hybrid and cloud options. BSB is also a Platinum partner for Zoom and offers Intermedia’s private-labeled UCaaS/CCaaS as BSB Elevate. For more information, visit http://www.GoBSB.com

Media Contact

Peter Johnson, BSB Communications, 248-859-6329, Peter.Johnson@GoBSB.com, www.GoBSB.com

View original content:https://www.prweb.com/releases/parallel-technologies-and-bsb-communications-join-forces-to-become-mitels-second-largest-us-partner-302420097.html

SOURCE BSB Communications

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