PUBLISHER: Allied Market Research | PRODUCT CODE: 1108515
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108515
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).
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
By Type
By Current
By End user
By Region