About Power Device Analyzer
Power device analyser is used to test voltage, power and other parameters. It is mainly able to handle broad range of power devices. Thus, it is mostly prefers in automotive and consumer electronics. It is used to measure flow of current in large electric systems. It provides display of power peak and energy per second (J/s). It is available in multiple no of channels. Thus, owing to its wide applicability for broad range of electronic systems, the demand for power device analyser has been grown.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Power Device Analyzer market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Keysight Technologies (United States), GE (United States), Yokogawa Electric Corporation (Japan), Honeywell. (United States), Dewesoft D.O.O. (United States), Fluke Corporation (United States), HT Italia S.R.L.(Italy), Tektronix, Inc. (United States), Hioki E.E. Corporation (Japan), Rohde & Schwarz (Germany), Machinesense (United States) and Indus Electronics India (P) Ltd (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Power Device Analyzer market by Type (AC, DC and Both) and Region.
On the basis of geography, the market of Power Device Analyzer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Current , the sub-segment i.e. <1000 A will boost the Power Device Analyzer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Energy & Utilities will boost the Power Device Analyzer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by No of Channel, the sub-segment i.e. Single will boost the Power Device Analyzer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Power Device Analyzer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The demand for Combined (AC &DC) Power Analysers Has Benn Raised
Market Growth Drivers:
Rising industrial Expenditure of End Use Industries like Automotive and Consumer Electronics and Increasing Demand for Power Efficient Electric Devices
Challenges:
Limited Applicability to Certain Appliances
Restraints:
High Cost of Manufacturing Setup
Opportunities:
Technological Advancements with AI Has Created Ample Opportunities and Increasing Adoptions of Electric Vehicles
Market Leaders and their expansionary development strategies
In October 2023, Yokogawa Electric Corporation announced the acquisition of ENTEK Industries, a provider of smart grid sensors and data analytics solutions. While primarily focused on smart grid solutions, ENTEK also offers some power device analyzers in its portfolio. This acquisition could potentially lead to the integration of ENTEK's technology into Yokogawa's existing power analyzer offerings.
On January 17, 2024, Fluke Corporation launched the Fluke 805G FC High-Performance Power Analyzer. This new analyzer offers advanced measurement capabilities for three-phase power systems.
Key Target Audience
Power Device Analyzer Manufacturers, Power Device Analyzer Distributors/Suppliers, Components/ Raw Materials Suppliers, Research Organizations, New Entrants/Investors, Strategic Business Planners, Government Regulatory and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.