Power Device Analyzer Market size, share & Forecast

 

The Power Device Analyzer Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

The factors driving growth of the Power Device Analyzer Market includes growing demand for electric vehicles around the world, rising focus on using renewable sources of energy, Government policies promoting the manufacturing of semiconductor and electronics and improvements in the living standards. For instance, the revenue generated form the sales of electric vehicles worldwide are expected to reach USD 384 billion by the end of 2022, growing at a CAGR of 17.80% over the forecast period (2022-2027), which is expected to accelerate the Power Device Analyzer Market size in the approaching years. Moreover, increasing application of power analyzers in testing power electronics, inverters, and motors, growing adoption of Artificial Intelligence (AI) and Internet of Things (IoT) across industry verticals, and rapid urbanization are supporting the market growth. In addition, the increasing investments by leading players on research and development, rise in the launch of innovative products and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Power Device Analyzer Market is hindered attributed to its high initial cost and expanding grey market.

The prominent players operating in the market are Fluke Corporation, Circutor, Vitrex, Extech Instruments, eysight Technologies, Rohde & Schwarz GmbH & Co KG, Tektronix, Carlo Gavazzi, ZES Zimmer Electronic Systems GmbH, Hioki E.E Corporation, Electric Corporation, Newtons4th and PCE Instruments, among others.

Based on Type, the Both AC & DC segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of power device analyzers for measuring power in lighting consumer products, ballast testing and solar panel, and growing demand for electric vehicles across the globe, are pushing growth of the segment.

Based on End-User, the Consumer Electronics & Appliances segment is projected to grow at a robust CAGR over the forecast period

Increasing demand for consumer electronic devices such as smartphones, laptops, and refrigerator, is propelling growth of the segment.

Based on Region, the Asia-Pacific region is projected to grow at a remarkable CAGR during the forecast period

As per the Power Device Analyzer Market Analysis, Government policies promoting the manufacturing of electric vehicles, growing demand for smartphones and laptops, rapid urbanization, increasing per capita incomes and high population size, are the factors encouraging the market growth in the Asia-Pacific region.

 

Key Developments

  • In Oct 2019, Vitrek introduced Ultra-High Accuracy PA920 Series Power Analyzer. The PA920 offers power measurement accuracy (0.024%, 20Hz-1KHz).
  • In May 2019, Keysight Technology introduced a new dynamic power device analyzer with double-pulse capability to deliver consistent, reliable, repeatable measurements of wide-bandgap (WBG) semiconductors.

 

Market Segmentation

Segmentation by Type

  • AC
  • Both AC & DC

Segmentation by Current

  • Below 100A
  • Above 1000A

Segmentation by End-User

  • Consumer Electronics & Appliances
  • Automotive
  • Wireless Communication & Infrastructure
  • Energy
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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