Power Device Analyzer Market
Power Device Analyzer Market Size, Share & Trends Analysis Report by Type (AC, DC, and both AC and DC) By Current (Below 1000A and Above 1000A) and By End-User (Automotive, Energy, Telecommunication, Consumer Electronics, and Appliances, and Medical) Forecast Period (2024-2031)
Power device analyzer market is anticipated to grow at a CAGR of 4.8% during the forecast period (2024-2031). The factors driving the growth for power device analyzer market are an easy configuration of power channel, voltage, and current measurement (3kv and 1500 A), and temperature measurement range from -50 to 250°C. Also features like its unique software interface, easy test navigator, unique plug-in style device adaptor, high performance, and high-power efficiency are expected to drive market growth for power device analyzer. In addition to its feature, the rapid expansion of the electric vehicle market as a result of the hazardous emissions by the automobile sector is also driving the power device analyzer market.
Market Dynamics
Increasing Focus on Energy Conservation is Becoming More Prominent
Energy savings are in high demand in a variety of businesses throughout the world. Several federal and international organizations seek to raise awareness and encourage energy conservation. In 2017, the European Commission, for example, devised four scenarios to assess higher goals for the EU's 2030 energy efficiency target. The study assessed the consequences of various degrees of energy efficiency improvement by 2030 to a 2007 baseline each of the modeled scenarios for energy efficiency resulted in a positive change in GDP, ranging from a 0.1% increase in GDP in the least ambitious scenario to a 2.0% increase in GDP in the most aggressive scenario. In addition, by assisting in the analysis of power supply distortion, power device analyzers play a significant role in boosting system efficiency.
Rising Adoption of Electronic Devices
The concerns regarding reducing energy consumption and carbon footprint are increasing. Thus, the demand for power-efficient devices such as power device analyzers is expanding. Power device analyzers help test and optimize power consumption, propelling the market growth. Globally the adoption of smartphones, tablets, and other consumer electronics devices is rising; thus, demand for power analyzers is rising in the market.
Market Segmentation
Our in-depth analysis of the global power device analyzer market includes the following segments by type, current, and end-user:
- Based on type, the market is segmented into AC, DC, and both AC and DC.
- Based on current, the market is segmented into below 1000A and above 1000A.
- Based on end-user, the market is segmented into automotive, energy, telecommunication, consumer electronics and appliances, and medical.
Below 1000A is Projected to Emerge as the Largest Segment
Based on the current, the global power device analyzer market is segmented into below 1000A and above 1000A. Among these, the below 1000A segment is expected to hold the largest share of the market. The growth of this segment is propelled by rising demand for these devices in power electronics, inverters, motors & drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. The rising adoption of consumer electronics such as laptops, smartphones, smart TVs, and refrigerators is propelling the demand for these devices in the consumer electronics market.
Both AC and DC Segment to Hold a Considerable Market Share
By type, both AC and DC segment dominated the global power device analyzer market, and is projected to remain the fastest-growing segment during the forecast period. This is attributed due to rising dependency on electricity and renewable energy. Rising governmental implementation of energy audits and increasing demand for electric vehicles (EVs) are propelling the growth of this segment. Growing demand for AC power quality monitors and the rising Internet of Things (IoT) market drive the demand for both AC & DC segments. This type of device is used in ballast testing, solar panel, electric vehicles, and electrical consumer products.
Regional Outlook
The global power device analyzer market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America to Progress at Steady CAGR
North American market is anticipated to have progressive growth during the forecast period. The progressive growth of the regional market can be attributed to the developing test and measurement equipment deployment and application in wireless communications and networks. Moreover, big automakers such as BMW, Tesla, and Volkswagen are manufacturing plants, creating various lucrative prospects across the region.
Global Power Device Analyzer Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Asia-Pacific holds the largest market share of the market. The Asia-Pacific is a prime hub for industrial production due to emerging countries such as China, India, Australia, and rising disposable income. The surge in demand for electric cars (EVs) and more rigorous government rules are supporting the regional market growth. Asia's continued prominence as a manufacturing hub has aided industrialization, with Southeast-Asia playing an increasingly significant role. The rising adoption of consumer electronics in emerging economies such as India, China, and Japan propel market growth. Also, the presence of top key players in the power device analyzers market, such as Extech Instruments, PCE Instruments, and Keysight Technologies, drives the market growth. Furthermore, the tremendous economic development and the growth in energy consumption are fueling the market demand.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global power device analyzer market include Fluke Corp., HIOKI E.E. CORP., IWATSU ELECTRIC CO., LTD., and Keysight Technologies, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2022, Keysight Technologies launched a next-gen power device analyzer. The new Double-Pulse tester (DPT) is better equipped and enables consumers to test entire power modules with ease and speed.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power device analyzer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Fluke Corporation
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Hioki E.E. Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Iwatsu Electric Co., Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Keysight Technologies
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Power Device Analyzer Market by Type
4.1.1. AC
4.1.2. DC
4.1.3. Both AC and DC
4.2. Global Power Device Analyzer Market by Current
4.2.1. Below 1000A
4.2.2. Above 1000A
4.3. Global Power Device Analyzer Market by Technology
4.3.1. Automotive
4.3.2. Energy
4.3.3. Telecommunication
4.3.4. Consumer Electronics and Appliances
4.3.5. Medical
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Advantest Corp.
6.2. Arbiter Systems
6.3. B&K Precision Corp.
6.4. Carlo Gavazzi Holding AG LTD.
6.5. Chroma ATE Inc.
6.6. CIRCUTOR
6.7. Delta Electronics, Inc.
6.8. Dewesoft d.o.o.
6.9. DEWETRON GmbH
6.10. Extech Instruments
6.11. Magtrol
6.12. Newtons4th Ltd.
6.13. PCE Instruments
6.14. Rohde & Schwarz
6.15. Tektronix Inc.
6.16. Texas Instruments Inc.
6.17. Vitrek
6.18. Yokogawa Test & Measurement Corp.
6.19. ZES ZIMMER Electronic Systems GmbH
1. GLOBAL POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL AC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL DC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL BOTH AC AND DC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY CURRENT, 2023-2031 ($ MILLION)
6. GLOBAL POWER DEVICE ANALYZER BELOW 1000A MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL POWER DEVICE ANALYZER ABOVE 1000A MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL POWER DEVICE ANALYZER IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL POWER DEVICE ANALYZER IN ENERGY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL POWER DEVICE ANALYZER IN TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL POWER DEVICE ANALYZER IN CONSUMER ELECTRONICS AND APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL POWER DEVICE ANALYZER IN MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
17. NORTH AMERICAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY CURRENT, 2023-2031 ($ MILLION)
18. NORTH AMERICAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
19. EUROPEAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
21. EUROPEAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY CURRENT, 2023-2031 ($ MILLION)
22. EUROPEAN POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY CURRENT, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
27. REST OF THE WORLD POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
29. REST OF THE WORLD POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY CURRENT, 2023-2031 ($ MILLION)
30. REST OF THE WORLD POWER DEVICE ANALYZER MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL POWER DEVICE ANALYZER MARKET SHARE BY TYPE, 2023 VS 2031 (%)
2. GLOBAL AC POWER DEVICE ANALYZER MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL DC POWER DEVICE ANALYZER MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL BOTH AC AND DC POWER DEVICE ANALYZER MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL POWER DEVICE ANALYZER MARKET SHARE BY CURRENT, 2023 VS 2031 (%)
6. GLOBAL POWER DEVICE ANALYZER BELOW 1000A MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL POWER DEVICE ANALYZER ABOVE 1000A MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL POWER DEVICE ANALYZER MARKET SHARE BY END-USER, 2023 VS 2031 (%)
9. GLOBAL POWER DEVICE ANALYZER IN AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL POWER DEVICE ANALYZER IN ENERGY MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL POWER DEVICE ANALYZER IN TELECOMMUNICATION MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL POWER DEVICE ANALYZER IN CONSUMER ELECTRONICS AND APPLIANCES MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL POWER DEVICE ANALYZER IN MEDICAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL POWER DEVICE ANALYZER MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
17. UK POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA POWER DEVICE ANALYZER MARKET SIZE, 2023-2031 ($ MILLION)
