The global power device analyzer market was valued at $423.25 million in 2021, and is projected to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030.
Power device analyzers are test instruments that are used to measure the flow of power in an electrical system.. Power analyzers measure various parameters associated with power consumption and generation at frequencies ranging from 50 / 60 Hz to high value of kilohertz. Power analyzers are used to measure various electrical power parameters for applications, including testing power electronics, inverters, motors & drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. Electrical power analyzers are manufactured by several different test equipment manufacturers to address the increase in demand for measuring various parameters of power, its supply, and use. Although data acquisition and oscilloscope-based power measurement tools are available, power analyzers are designed to provide the measurements that are required for testing the devices that generate, transform, or consume electricity. In this way, a power analyzer is able to meet the requirement of engineers needing to measure various aspects of electrical power.
Power device analyzers are the best solutions for power device evaluation. In addition, every power device analyzer has different range of voltage, current and other features that handle various types of power devices. Power analyzer provides unrivaled productivity gains when sourcing and measuring DC voltage and current into a device under test (DUT).
Rise in demand for electric vehicles across the globe increases the demand for Power device analyzer market and act as the major driving factor for the growth of the market. In addition, power device analyzer is used to measure the flow of power in an electrical system. In addition, multi-functional power analyzer device is mainly used to measure different flow of power, such as direct current (DC), alternating current (AC), AC-voltage, and DC-voltage.
The power device analyzer market is segmented on the basis of type, current, end user, and region. Depending on type, the market is categorized into both AC & DC, AC, and DC. On the basis of current, it is divided into below 1000A and above 1000A. According to end user, it is classified into automotive, energy, telecommunication, consumer electronics & appliances, and medical. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global power device analyzer market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany), and Texas Instruments (US).
The COVID-19 pandemic has curtailed the movement of people and goods, across the globe, including in most of the regions in which production of power device analyzer system is on large scale. To limit the spread of COVID-19, a number of local, state, and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures. The COVID-19 pandemic has resulted in, decline and is expected to continue to result in a substantial curtailment of business activities, including decrease in demand for a broad variety of goods and electronic products, weakened economic conditions, supply chain disruptions, significant economic uncertainty and volatility in the financial and commodity markets, including the reduction in global demand for oil & gas combined with excessive supply due to disagreements between organization of the petroleum exporting countries (OPEC), both in the U.S. and abroad. However, due to the disruption in such all-mentioned activities there is decrease in the demand for power device analyzer system, which negatively impacted the whole market.
The manufacturing of power device analyzer system was ceased for a specific period of time, due to high peak of COVID-19 situation, which highly impacted the sales of power device analyzer system.
Power device analyzers are test instruments that are used to measure the flow of power in an electrical system.. Power analyzers measure various parameters associated with power consumption and generation at frequencies ranging from 50 / 60 Hz to high value of kilohertz. Power analyzers are used to measure various electrical power parameters for applications, including testing power electronics, inverters, motors & drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. Electrical power analyzers are manufactured by several different test equipment manufacturers to address the increase in demand for measuring various parameters of power, its supply, and use. Although data acquisition and oscilloscope-based power measurement tools are available, power analyzers are designed to provide the measurements that are required for testing the devices that generate, transform, or consume electricity. In this way, a power analyzer is able to meet the requirement of engineers needing to measure various aspects of electrical power.
Power device analyzers are the best solutions for power device evaluation. In addition, every power device analyzer has different range of voltage, current and other features that handle various types of power devices. Power analyzer provides unrivaled productivity gains when sourcing and measuring DC voltage and current into a device under test (DUT).
Rise in demand for electric vehicles across the globe increases the demand for Power device analyzer market and act as the major driving factor for the growth of the market. In addition, power device analyzer is used to measure the flow of power in an electrical system. In addition, multi-functional power analyzer device is mainly used to measure different flow of power, such as direct current (DC), alternating current (AC), AC-voltage, and DC-voltage.
The power device analyzer market is segmented on the basis of type, current, end user, and region. Depending on type, the market is categorized into both AC & DC, AC, and DC. On the basis of current, it is divided into below 1000A and above 1000A. According to end user, it is classified into automotive, energy, telecommunication, consumer electronics & appliances, and medical. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global power device analyzer market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany), and Texas Instruments (US).
IMPACT OF COVID-19 ON THE GLOBAL POWER DEVICE ANALYZER MARKET
The COVID-19 pandemic has curtailed the movement of people and goods, across the globe, including in most of the regions in which production of power device analyzer system is on large scale. To limit the spread of COVID-19, a number of local, state, and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures. The COVID-19 pandemic has resulted in, decline and is expected to continue to result in a substantial curtailment of business activities, including decrease in demand for a broad variety of goods and electronic products, weakened economic conditions, supply chain disruptions, significant economic uncertainty and volatility in the financial and commodity markets, including the reduction in global demand for oil & gas combined with excessive supply due to disagreements between organization of the petroleum exporting countries (OPEC), both in the U.S. and abroad. However, due to the disruption in such all-mentioned activities there is decrease in the demand for power device analyzer system, which negatively impacted the whole market.
The manufacturing of power device analyzer system was ceased for a specific period of time, due to high peak of COVID-19 situation, which highly impacted the sales of power device analyzer system.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power device analyzer market analysis from 2021 to 2030 to identify the prevailing power device analyzer market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the power device analyzer market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global power device analyzer market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Both AC and DC
- AC
- DC
By Current
- Below 1000A
- Above 1000A
By End user
- Automotive
- Energy
- Telecommunication
- Consumer Electronics and Appliances
- Medical
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Arbiter Systems (U.S.)
- CARLO GAVAZZI HOLDING AG Ltd.
- Circutor (Spain)
- Delta Electronics
- Dewesoft D O O
- Hioki E E Corporation (Japan)
- Iwatsu Electric (Japan)
- Keysight Technologies
- Rohde & Schwarz (Germany)
- Texas Instruments (U.S.)
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POWER DEVICE ANALYZER MARKET, BY TYPE
CHAPTER 5: POWER DEVICE ANALYZER MARKET, BY CURRENT
CHAPTER 6: POWER DEVICE ANALYZER MARKET, BY END USER
CHAPTER 7: POWER DEVICE ANALYZER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
The global power device analyzer market size was valued at $423.25 million in 2021 and is estimated to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030.A power analyzer is used to measure the flow of power (w) in an electrical system. This refers to the rate of electrical transferal between a power source and a sink hence, the alternative expression of power is denoted as energy per second (J/s). Measurement of power flow is critical however, it is a rudimentary process that can be carried out with consummate ease using a standard power analyzer. More advanced systems acquire electrical signals and carry out integrated calculations for additional and complex analysis.
Power analyzers can be used to measure the flow of energy in either alternating current (AC) or direct current (DC) systems - with distinct considerations for measuring AC circuits. The determination of an electrical signal’s true RMS (root mean square) time period underlines each of the subsequent calculations performed by the measuring instrument. This is complicated by AC measurements, where root mean square is typically expressed as an equivalent DC value. To accurately determine the true RMS of an AC waveform, an average must be calculated across the cycle of the AC frequency. This is defined as the fundamental frequency of the circuit. power analyzers can digitally detect frequency cycles to provide reliable RMS periods during power conversion. In addition, power analyzer detects the voltage and current of the system. Typical systems directly acquire individual voltages using voltage dividers, while a transformer is usually required to measure the current. This comprises a coil that measures the electrical field of a wire carrying a current, or a flux gate current transducer.
Power device analyzer markets are highly used in medical, electrical & electronics, and other industries. In addition, rapid expansion of healthcare industry across the globe may act a s the major driving factor for the growth of the market. Moreover, rise in demand for Power device analyzer market in electronic industry is expected to provide growth opportunity for the market.
The global power device analyzer market forecast is segmented on the basis of type, current, end user, and region. Depending on type, the market is categorized into both AC & DC, AC, and DC. On the basis of current, it is divided into below 1000A and above 1000A. By end user, it is classified into automotive, energy, telecommunication, consumer electronics & appliances, and medical. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global power device analyzer market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany), and Texas Instruments (U.S.).
The global power device analyzer indutry is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021-2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Key findings
- On the basis of type, the both AC & DC segment emerged as the global leader in 2021 and is anticipated to be the largest markets during the forecast period.
- On the basis of current, the below 1000A segment emerged as the global leader in 2021 and is anticipated to be the largest markets during the forecast period.
- On the basis of end user, the Automotive segment registered the highest market share and is projected to maintain the same during the forecast period.
- On the basis of region, the Asia-Pacific registered the highest power device analyzer market share and is projected to maintain the same during the forecast period.
IMPACT OF COVID-19 ON THE GLOBAL POWER DEVICE ANALYZER MARKET
The COVID-19 pandemic has curtailed the movement of people and goods, across the globe, including in most of the regions in which production of power device analyzer system is on large scale. To limit the spread of COVID-19, a number of local, state, and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures. The COVID-19 pandemic has resulted in, decline and is expected to continue to result in a substantial curtailment of business activities, including decrease in demand for a broad variety of goods and electronic products, weakened economic conditions, supply chain disruptions, significant economic uncertainty and volatility in the financial and commodity markets, including the reduction in global demand for oil & gas combined with excessive supply due to disagreements between organization of the petroleum exporting countries (OPEC), both in the U.S. and abroad. However, due to the disruption in such all-mentioned activities there is decrease in power device analyzer market growth which negatively impacted the whole market.Companies Mentioned
- Arbiter Systems (U.S.)
- CARLO GAVAZZI HOLDING AG Ltd.
- Circutor (Spain)
- Delta Electronics
- Dewesoft D O O
- Hioki E E Corporation (Japan)
- Iwatsu Electric (Japan)
- Keysight Technologies
- Rohde & Schwarz (Germany)
- Texas Instruments (U.S.)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 269 |
| Published | May 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 423.25 million |
| Forecasted Market Value ( USD | $ 616.79 million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
