Himanshu Patni: Power Device Analyzer Market - Industry Size, Share, Growth & Forecast 2027

Power analyzers are used for measuring a host of aspects of electrical power for applications which include testing power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supplies, industrial machinery, and more. Thus, power device analyzers are required for identifying electrical issues and obtaining information about various electrical variables in real-time to achieve maximum energy efficiency. Therefore, increasing adoption of power-efficient devices across various industries is expected to drive the global power device analyzer market at a CAGR of 5%, during the forecast period.

COVID-19 has slowed the growth of the power device analyzer, as countries were forced to implement lockdowns during the first half of 2020. Many activities were halted during the lockdown, including mobility, economic activity, construction, and manufacturing. Furthermore, COVID-19 impacted the operations of the power device analyzer market players and also affected the businesses of companies from the end-use industries.

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According to UnivDatos Market Insights (UMI)’ research report “global power device analyzer market”, the market is expected to witness robust growth during the forecast period 2021-2027F. This is mainly due to increasing digitization in the utility sector coupled with the rising demand for uninterrupted power supply from the residential and industrial sectors.

Based on type, the market has been categorized into Both AC and DC, alternating current (AC), and direct current (DC). Amongst these, both AC and DC category is expected to witness significant growth during the forecast period. This is mainly due to the increasing advancements and dependability of advanced systems to support the integration of power generation and distribution from renewable sources in the overall energy sector as well as the increase in demand for continuous energy supply across geographies and industries. Consequently, various government policies and schemes are in place to encourage the use of renewable power resources across the world. To reduce carbon emissions and achieve the Paris agreement, the future energy mix is to rely more on renewable power.

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Based on current, the market has been categorized into below 1000 A and above 1000 A. Amongst these, the below 1000 A category is held a significant share in the market owing to its rapid adoption for various applications across industries such as energy, aerospace & defense, automotive, and healthcare equipment manufacturing, among others. Furthermore, the ongoing shift towards the expansion of existing infrastructure combined with the higher awareness and adoption of efficient electronic products in developed regions such as the U.S., and Europe is further expected to drive the category’s growth.

APAC to witness extensive growth

For a better understanding of the market adoption of the Power Device Analyzer industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific holds a lucrative market share owing to favorable government policies and a growing focus on increasing the share of renewable energy in the power generation mix are some of the prominent factors driving the region’s market. Further, China dominated the power device analyzer market and held the largest revenue share in 2020 in the APAC region. This can be attributed to the accelerated industrialization and increased expenditure on the construction & advanced electronics in the country. China is considered the leading country in the world in power transmission & distribution, automotive and electronic manufacturing, among others. In addition, the rapid development and growth of renewable energy projects such as wind and solar in China is also a prominent factor driving the market growth. Also, factors such as rapid electrification, urbanization, the growing number of renewable, smart grid and substation projects, and the increasing government initiatives, laws, and regulations contribute to the growth of this market in the country.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Power device analyzer market are Keysight Technologies Inc., Yokogawa Electric Corporation, Fluke Corporation, Rohde & Schwarz GmbH & Co KG, Carlo Gavazzi, Iwatsu Electric Co. Ltd., Hioki E.E. Corporation, Newtons4th, Vitrek Corporation, and Texas Instruments Inc.

“Global Power device analyzer Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentations:

1. By Type (Both AC and DC, Alternating Current, and Direct Current)

2. By Current (Below 1000 A and Above 1000 A)

3. By End-User (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical, and Others)

4. By Region (North America, Europe, Asia-Pacific, Rest of the World)

5. By Company (Keysight Technologies Inc., Yokogawa Electric Corporation, Fluke Corporation, Rohde & Schwarz GmbH & Co KG, Carlo Gavazzi, Iwatsu Electric Co. Ltd., Hioki E.E. Corporation, Newtons4th, Vitrek Corporation, and Texas Instruments Inc.)

Key questions answered in the study:

1. What are the current and future trends of the global Power device analyzer industry?

2. How the industry has been evolving in terms of equipment and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global Power device analyzer industry?

5. What is the customer orientation, purchase behavior, and expectations from the global Power device analyzer suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE POWER DEVICE ANALYZER MARKET

6 POWER DEVICE ANALYZER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY CURRENT

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 POWER DEVICE ANALYZER MARKET DYNAMICS