Power Device Analyzer Market by Type (AC and DC), Current (Below 1000A and Above 1000A), Application (Automotive, Consumer Electronics, Energy, Wireless Communication, and Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00026552 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The power device analyzer market is expected to cross US$ 410.26 million in 2022 and is projected to hit US$ 650.42 million by 2030, recording a CAGR of 5.8% during the forecast period.

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An increase in focus on saving energy is a key driver for the power device analyzer market growth

 

Energy savings are in high demand across all industries throughout the world. Various federal and international organizations seek to raise awareness and promote energy conservation. For example, in 2017, the European Commission developed four scenarios to assess greater ambitions for the EU's 2030 energy efficiency target. The study examined the consequences of various levels of ambition for energy efficiency improvements by 2030 to a 2007 baseline. Each modeled scenario 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 energy efficiency scenario. Power device analyzers play an essential role in boosting system efficiency by analyzing power supply distortion. Thus, the increase in focus on energy savings will drive the demand for power device analyzers.

Within the report, the power device analyzer market is segmented into type, current, application, and geography. By type, the market is further segmented into AC and DC. Based on the current, the market is divided into below 1000A and above 1000A. Based on application, the market is divided into automotive, consumer electronics, energy, wireless communication, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Renewable energy sectors are increasingly using power device analyzers.

Renewable energy is becoming more popular around the world. As a result, different government policies and plans are in place around the world to encourage the use of renewable energy resources. To meet the Paris Agreement and cut carbon emissions, the future energy mix will rely more on renewable energy. As a result, multiple solar and wind (offshore and onshore) energy projects are underway or planned in various countries. Furthermore, the renewable sector is experiencing rapid growth, with investments coming from both private and public entities. Power device analyzers are also commonly used for testing in the wind energy sector. Wind turbines must adhere to numerous laws, including power regulations. As a result, numerous organisations provide full power testing solutions via their power device analyzers.

Auto-manufacturers in NVH testing has created a massive opportunity for the market

The automotive industry has made entertainment while travelling a top priority item to include in vehicles. The in-car entertainment devices that are mounted to the vehicle have increased noise emissions and vibrations. As a result, automakers are investing more time and money in NVH testing in order to reduce these emissions. As the variety of in-vehicle entertainment gadgets increases, so will the necessity for NVH testing by the automotive industry to ensure that safety, product life, and comfort levels are not compromised in any manner.

Recent strategic developments in the power device analyzer market

The power device analyzer market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 202, Iwatsu launched the product called Curve Tracer CS-8000 series. The series can test up to 5kV, 2000A.
  • In December 2020, Keysight introduced the power analyzer called N6705C DC. The product all sourcing and measuring functions are available from the front panel.
  • In October 2020, Yokogawa Electric Corporation was awarded a contract by Oman government to supply an analyzer package solution for Liwa Plastics Industries Complex that is being built for Oman Oil Refineries and Petroleum Industries Company.

The power device analyzer market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Fluke Corporation, Keysight Technologies, Yokogawa Electric Corporation, Rohde & Schwarz, and Texas Instruments Incorporated are among the prominent players operating in the market.

The target audience for the report:

  • Raw material providers
  • Power device analyzer providers
  • Device analyzer providers
  • Power device analyzer -related service providers
  • Electronic associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronic component suppliers
  • Power device analyzer and electronic distributors and sales firms
  • End users of power device analyzer
  • Research institutes, organizations, and consulting companies

Scope of the report:

  • Type:
    • AC
    • DC
  • Current:
    • Below 1000A
    • Above 1000A
  • End User:
    • Automotive
    • Consumer Electronics
    • Energy
    • Wireless Communication
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of the World
  • Companies profiled
    • Fluke Corporation
    • Keysight Technologies
    • Yokogawa Electric Corporation
    • Rohde & Schwarz
    • Texas Instruments Incorporated

Companies profiled

    • Fluke Corporation
    • Keysight Technologies
    • Yokogawa Electric Corporation
    • Rohde & Schwarz
    • Texas Instruments Incorporated
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