Sector snapshot H1 2025: test, measurement, and instrumentation
Clairfield’s latest sector snapshot of the Test, Measurement, and Instrumentation (TMI) industry highlights a market that is continuing to perform strongly, with an estimated CAGR of 4.5%, despite broader global issues in the industrials market. Driven by sustained demand for critical industry needs such as safety, efficiency, compliance, quality, IoT integration and the AI boom. Reflecting this strength, Clairfield’s TMI index outperformed the S&P 500 by 35.5%.
Mergers and acquisitions remain a key growth strategy, as large players look to build market share in niche growth industries and new geographies. Deal volumes were above average in the first half of 2025, with 118 transactions recorded. Increasing corporate investment in test and measurement solutions, combined with tightening regulations in developing markets, continues to drive this industry.
This report was produced by Clairfield partner in the UK and TMI sector head, Tom McCarthy, Clairfield partner in the UK, Angus Russell, and Clairfield’s global TMI team.
Read the full report here.
