PUBLISHER: The Business Research Company | PRODUCT CODE: 1729102
PUBLISHER: The Business Research Company | PRODUCT CODE: 1729102
A power analyzer is a specialized instrument that measures and analyzes electrical power in alternating current (AC) and direct current (DC) circuits. It provides detailed insights into power consumption, energy efficiency, and the quality of electrical systems. Power analyzers measure parameters such as voltage, current, frequency, power factor, and harmonics, which allows users to evaluate the performance of electrical devices, circuits, and systems. They are used to monitor power quality in devices. These analyzers are essential tools in electrical engineering, providing accurate analysis of voltage, current, power, and efficiency in various electronic and industrial applications.
The power device analyzer market consists of sales, by entities (organizations, sole traders and partnerships) that are used by engineers, researchers, and manufacturers to test the performance of power electronic components in development, quality control, and production environments. They are widely employed in industries such as aerospace, automotive, energy, manufacturing, and research institutions.
The global power device analyzer market was valued at $455.83 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 2.00%.
Surge In Data Centers And Cloud Computing
Surge in data centers and cloud computing drove the demand for power device analyzer in the historic period. Data centers and cloud computing refer to the systems and services that remotely store, manage, and process data, providing scalable computing resources over the internet. The surge in data centers and cloud computing can be attributed to several factors, including increased data demand, digital transformation, and the rise of remote work. Power device analyzers help identify power surges, sags, or fluctuations that could disrupt data center operations. This ensures servers and equipment operate under optimal power conditions, minimizing the risk of downtime or damage to equipment. For instance, in October 2024, according to the Datacentre Solutions, a UK-based membership organization, the United States operates 5,388 data centers, a figure that is ten times higher than that of China and most European nations. Additionally in December 2023, according to the European Commission, a Belgium-based government body, in 2023, 45.2% of European Union (EU) enterprises adopted cloud computing services, reflecting a 4.2 percentage point (pp) rise compared to 2021. Therefore, a surge in data centers and cloud computing propelled the growth of the power device analyzer market in the historic period.
Advancements In Power Analyzer Technology For Enhanced Accuracy
Leading companies in the power device analyzer market are advancing high-performance power analyzers to improve accuracy, efficiency, and versatility in power measurements. These analyzers play a crucial role in evaluating power consumption, efficiency, and overall performance of electrical systems and equipment. For instance, in October 2024, Yokogawa, an Japan-based industrial automation company, unveiled WT1800R series high-performance power analyzer. The WT1800R series high-performance power analyzer is an advanced instrument designed to accurately measure and analyze power consumption and efficiency. Perfect for applications in new energy technologies, it features high and low current inputs, harmonics analysis up to the 500th order, and field-oriented control measurements. With a guaranteed accuracy of 0.05% of reading plus 0.05% of range, the WT1800R delivers precise long-term measurements across various industries such as renewable energy, industrial equipment, and transportation. Additionally, it integrates with software for advanced waveform capturing and data storage, enabling engineers to optimize energy performance.
The global power device analyzer market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 15.56% of the total market in 2023.
Power Device Analyzer Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global power device analyzer market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for power device analyzer? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The power device analyzer market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider power device analyzer market; and compares it with other markets.