Power Device Analyzer Market Size, Share & Industry Analysis, By Type (Both AC and DC, AC), By Current (Above 1000 A, Below 1000 A), By End-User (Automotive, Energy, Consumer Electronics and Appliances, Wireless Communication and Infrastructure, Others) And Regional Forecast, 2024-2032

A power device analyzer is used to measure the flow of power in an electrical system. It is a multi-functional power analyzer device that is mainly used to measure the different flow of power, such as direct current (DC), alternating current (AC), AC-voltage, and DC-voltage. It helps maximize the value of power electronic products by allowing the selection of correct power devices for the respective application. They are used to measure electrical power for appliances such as inverter, home appliances, testing power electronics, lighting, motor & drives, and industrial machinery. It has a wide range of voltage and current and other features, making it capable of measuring all types of devices. Due to the rising demand for electronic devices in various sectors like medical and consumer electronics, the demand for the device is increasing.

Based on the type, the market is classified into both AC and DC and AC. The both AC & DC segment is expected to grow at a higher rate during the forecast period owing to the increasing adoption of both AC and DC power device analyzer to perform system-level analysis and component-level analysis. It is widely used to measure power in various devices such as lighting consumer products, ballast testing, solar panel, wireless battery charging, electric vehicle, and HID lighting systems. The growing investment in renewable energy sources such as solar, coupled with the rising demand for electric cars, will further speed up the growth of the market during the forecast period.

Based on the current, it is segmented as above 1000 A and below 1000 A. The below 1000 A segment is projected to grow at a healthy pace in the market due to the growing usage of below 1000 devices in most of the electronic equipment and gadgets. Based on the end-user, the market is segmented as automotive, energy, consumer electronics & appliances, wireless communication & infrastructure, and others. Growing adoption for various consumer electronics & appliances such as smartphones, laptops, refrigerators, smartTV, smartwatches will cater to the significant share of consumer electronics & appliances in the market.

The key market driver of the power device analyzer market is the increasing adoption of high-performance and power-efficient electronic devices across the consumer electronics & healthcare sector. The other factors driving the growth include increasing demand for an electric vehicle and adopting various end products such as inverters on a larger scale.

The key market restraint for the market is the grey effect in the market. The Grey effect is having insufficient or incomplete information about the uses, applications, and features about the device. Other factors restraining the market growth are continuously changing technologies, applicability, and rising market prices due to an increase in its manufacturing costs.

Key Market Driver -

Increasing adoption of high-performance and power-efficient electronic devices

Key Market Restraint -

The growing grey effect in the market

Key Players Covered:

Some of the major companies in the power device analyzer market are Keysight Technologies, Yokogawa, Rohde & Schwarz, Tektronix, PCE Instruments, CIRCUTOR, Fluke Corporation, ZES Zimmer Electronic Systems GmbH, Texas Instruments, Hioki E.E. Corporation, Dewesoft, MAGTROL, Arbiter Systems, Inc., and Janitza electronics GmbH.

Regional Analysis:

The global power device analyzer market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to lead the market with the maximum adoption and implementation of test and measurement equipment in wireless communication and network. The new technology development in the market will also assist the growth of the market. The Asia Pacific region is anticipated to capture the largest market share owing to the well-developed telecommunication and television and broadcasting manufacturing companies and increasing demand for consumer electronics in countries like India, China, Singapore, and Malaysia. Europe is expected to observe moderate growth with the various efforts initiated by governments by framing energy policies that are encouraging the movement towards alternative and clean energy solutions. The Europen Commission has also set to achieve a green energy target of 32% by 2030. Middle East Asia and Africa and Latin America region are expected to grow with the increase in the awareness of renewable energy and penetration of new technology in the market, which will lead to an increase in the scope of development of the electrical devices.

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Segmentation

Key Industry Developments

• In December 2019, G&W launched a pad-mounted recloser which was named Viper-S, which connects renewables into the grid. It has a microprocessor control and six internal voltage sensors.


• October 2019, Vitrel launched the Ultra-High Accuracy PA920 Series Power Analyzer, which offers power measurement accuracy ( 0.024%, 20Hz-1 kHz) and integrates an ultra-high accuracy, wideband waveform digitizer with advanced computational capability, a large high-resolution display, and a full-color touchscreen user interface.