Energy Gadget Analyzer Market value $577 Million by 2026

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Power Device Analyzer Market worth $577 Million by 2026

CHICAGO, November 25, 2021 / PRNewswire / – According to new research report, Power Device Analyzer Market by Type (Both AC and DC, AC and DC), Power (Under 1000A and Over 1000A), End User (Automotive, Power, Telecommunications, Consumer Electronics) and Appliances , Medical) and Region – Global Forecast to 2026 “published by MarketsandMarkets ™, the market size is based on Power Device Analyzer $ 577 million until 2026 (forecast year) $ 457 million in 2021 (estimated year) at a CAGR of 4.8% over the forecast period. A power device analyzer is used to measure a variety of parameters related to power consumption and generation. Power device analyzers are mainly used to measure various aspects of electrical power, e.g. B. the tension; currently; Energy; Peak, mean and RMS parameters; Harmonics; Phase; and a variety of other parameters for various applications including testing power electronics, inverters, motors and drives, lighting, household appliances, office equipment, power supplies, and industrial machinery. These analyzers can collect and record data for built-in calculations that are used for additional and complex analyzes. There are three types of power device analyzers, that is, both AC and DC, AC and DC. DC analyzers allow multiple instruments to be collected and organized to perform DC measurements and sourcing tasks, while AC analyzers provide accurate measurements of power, harmonics and efficiency in power conversion devices.

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The AC and DC segment is expected to dominate the Power Device Analyzer Market by Type during the forecast period.

Both the AC and DC type segments accounted for the largest share of the power device analyzer market by type in 2020. Both the AC and DC-type segments are forecast to have a larger market share, driven by government initiatives to implement energy audits with an increase in mandatory regulations, a growing demand for electric vehicles (EVs) and a growing market for The Internet of Things (IoT) are driving the market in both the AC and DC segments. In addition, increasing energy audits and mandates from governments around the world are likely to increase the demand for power analyzers.

The power segment below 1000 A is expected to dominate the power device analyzer market in the forecast period after power.

The segment below 1000 A accounted for the largest share of the power device analyzer market in 2020. Most of the projects are carried out in this segment. 1000A are used in various end-user industries such as automotive, energy, aerospace and defense, wireless communications, and healthcare equipment manufacturing. Some of the major products used in the automotive and energy industries are PWM inverters, AC / DC converters, solar systems, UPS (uninterruptible power supply), and high frequency power electronics. These products require power device analyzers to test the quality of the power supply and various other parameters related to the power supply.

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The Automotive segment is expected to dominate the Power Device Analyzer market by end-user during the forecast period

In 2020, the automotive segment accounted for the largest share of the power device analyzer market after end users. The automotive segment held a 21.3% share of the power device analyzer market in 2020. where energy is converted from one form to another. Power converter systems are used in various parts of various products in the automotive sector, such as passenger cars, light trucks, sports utility vehicles and commercial vehicles. In addition, the development of electric and autonomous vehicles has increased the demand for power device analyzers to ensure the quality, safety, and reliability of automotive systems. In an electric vehicle, power device analyzers are used to test various components such as electric motors, battery management systems, navigation systems, and electric charging systems. For now, China, Japan, and South Korea dominate the battery market for electric vehicles. Some of the leading manufacturers of electric vehicle batteries in Asia Pacific contain China Contemporary Amperex technology (China), BYD companies (China) and LG Chem (South Korea).

Asia Pacific has strong demand for power device analyzer market

Asia Pacific held a 54.2% share of the global power device analyzer market in 2020. This regional market is divided into China, Japan, South Korea, Australia, India, and the rest of Asia Pacific. The growth of this region is supported by an increasing demand for electric vehicles (EVs) and an increase in stringent government guidelines. For example in April 2021, the government of China stipulates that a certain percentage of all vehicles sold by a manufacturer must be battery-powered every year. In addition, to avoid fines, manufacturers must earn a set number of points per year, which are awarded for each electric vehicle produced. By 2030, the targeted sales of electric vehicles in China 40% of all car sales. In addition, global automakers such as BMW, Tesla and Volkswagen are building their production facilities in Asia Pacific because this region offers lucrative opportunities. Therefore, increasing investment in key end-user industries should drive the power device analyzer market over the forecast period.

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Key players include Keysight Technologies (USA), Yokogawa (Japan), Fluke Corporation (USA), Iwatsu Electric (Japan), Hioki EE Corporation (Japan). The leading players are pursuing various strategies to increase their share in the Power Device Analyzer market.

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