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, t...