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Global Power Device Analyzer Market Size, Share, Growth, Forecast: By Type: AC, DC, Both AC and DC; By Current: Below 1000A, Above 1000A; By End Use: Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Power Device Analyzer Market Outlook
The global power device analyzer market size reached approximately USD 489.26 million in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of nearly USD 734.05 million by 2032.
Key Trends in the Market
A power device analyzer is a tool utilised for assessing the effectiveness and dependability of power electronic components, such as inverters, motor drives, and battery management systems. This instrument enables engineers and experts to evaluate the performance and reliability of these components accurately.
- Power device analyzers are extensively employed in the automotive sector to assess the effectiveness and dependability of various electronic components. Hence, the power device analyzer market growth can be attributed to the rising demand for electric vehicles (EVs) and the growing requirement for advanced electronic components in EVs. Additionally, the advent of autonomous vehicles is anticipated to drive the demand for power device analyzers for testing and evaluating sophisticated power systems.
- The ongoing global shift towards sustainable energy sources has propelled the power device analyzer market demand. The rapid development of renewable energy sources is creating the need for efficient power conversion and grid integration technologies. Power device analyzers are essential tools for analyzing and optimising the performance of various systems used in renewable energy applications.
- The growing demand for IoT devices is one of the major power device analyzer market trends. IoT devices typically operate on limited power sources such as batteries or energy harvesting systems, and they are often deployed in diverse and resource-constrained environments. The growth of the market is fuelled by developments in IoT devices as they require thorough testing of power and structure to ensure seamless operation and communication.
Market Analysis
Based on type, the market is segmented into AC, DC, and both AC and DC. The global power device analyzer market segmentation, based on current, includes below 1000A and above 1000A. The market, based on end use, is categorised into automotive, energy, telecommunication, consumer electronics and applications, and medical, among others. The major regional markets for power device analyzer are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global power device analyzer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Fluke Corporation
- Rohde & Schwarz GmbH & Co KG
- Yokogawa Test & Measurement Corporation
- Texas Instruments Incorporated
- Iwatsu Electric Co., Ltd.
- Vitrek Corporation
- HIOKI E.E. CORPORATION
- Arbiter Systems Inc.
- Carlo Gavazzi Holding AG
- Circutor S.A.
- DEWESoft d.o.o.
- Others
Market Share by End-Use
According to the power device analyzer market analysis, the consumer electronics and appliances sector is anticipated to hold a considerable share of the market in the forecast period. With growing disposable incomes, there is a surge in the demand for a wide range of consumer electronics, including air conditioners, smartphones, refrigerators, laptops, smart TVs, and smartwatches, among others. Hence, the notable growth of the consumer electronics sector necessitates the use of power device analyzers to ensure the proper functioning of various appliances.
Market Share by Type
Both AC and DC analyzers cover a significant portion of the global power device analyzer market share. The surge in mandatory regulations and government initiatives promoting routine inspections, particularly in the context of the rising adoption of electric vehicles (EVs), has substantially contributed to the expansion of the segment.
The increasing demand for the Internet of Things (IoT) devices has emerged as another pivotal driver, creating a heightened need for both AC and DC analyzers.
Competitive Landscape
Fluke Corporation, headquartered in Washington, the USA, is a prominent producer of electronic test and measurement devices. Established in 1948, the company has gained a strong reputation for manufacturing top-notch, dependable, and durable instruments that are extensively utilised by professionals spanning diverse sectors.
Rohde & Schwarz GmbH & Co KG, founded in 1933 and based in Munich, Germany, is a renowned global leader in test and measurement, communications, and broadcasting equipment. With a focus on high-quality electronic instruments, it develops and manufactures a diverse range of products, including spectrum analyzers, oscilloscopes, signal generators, and network analyzers, among many others.
Yokogawa Test & Measurement Corporation is a company that specialises in providing solutions for test and measurement. With a rich history dating back to 1915, Yokogawa has become a globally trusted supplier of precise instruments and equipment. Based in Tokyo, Japan, the company is dedicated to the development and manufacturing of state-of-the-art tools used for precise measurement and analysis across a wide range of sectors.
Other power device analyzer market players include Texas Instruments Incorporated, Iwatsu Electric Co., Ltd., Vitrek Corporation, HIOKI E.E. CORPORATION, Arbiter Systems Inc., Carlo Gavazzi Holding AG, Circutor S.A., and DEWESoft d.o.o., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Current |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Power Device Analyzer Market Analysis
8.1 Key Industry Highlights
8.2 Global Power Device Analyzer Historical Market (2018-2023)
8.3 Global Power Device Analyzer Market Forecast (2024-2032)
8.4 Global Power Device Analyzer Market by Type
8.4.1 AC
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 DC
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Both AC and DC
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Power Device Analyzer Market by Current
8.5.1 Below 1000A
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Above 1000A
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Power Device Analyzer Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Energy
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Telecommunication
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Consumer Electronics and Appliances
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Medical
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Power Device Analyzer Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Power Device Analyzer Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Power Device Analyzer Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Power Device Analyzer Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Power Device Analyzer Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Power Device Analyzer Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Fluke Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Rohde & Schwarz GmbH & Co KG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yokogawa Test & Measurement Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Texas Instruments Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Iwatsu Electric Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Vitrek Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HIOKI E.E. CORPORATION
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Arbiter Systems Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Carlo Gavazzi Holding AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Circutor S.A.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 DEWESoft d.o.o.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Power Device Analyzer Market: Key Industry Highlights, 2018 and 2032
2. Global Power Device Analyzer Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Power Device Analyzer Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Power Device Analyzer Historical Market: Breakup by Current (USD Million), 2018-2023
5. Global Power Device Analyzer Market Forecast: Breakup by Current (USD Million), 2024-2032
6. Global Power Device Analyzer Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Power Device Analyzer Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Power Device Analyzer Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Power Device Analyzer Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Power Device Analyzer Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Power Device Analyzer Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Power Device Analyzer Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Power Device Analyzer Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Power Device Analyzer Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Power Device Analyzer Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Power Device Analyzer Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Power Device Analyzer Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Power Device Analyzer Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Power Device Analyzer Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Power Device Analyzer Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 489.26 million.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 734.05 million by 2032.
The market is being driven by the rapidly growing demand for electric vehicles and the growing industrial automation, which necessitates the use of power analyzers to ensure the proper functioning of various technologies.
The development of the market is guided by the rising inclination towards sustainable energy and the growing demand for IoT devices.
The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end-uses of the analyzers are automotive, energy, telecommunication, consumer electronics and applications, and medical, among others.
The key players in the market are Fluke Corporation, Rohde & Schwarz GmbH & Co KG, Yokogawa Test & Measurement Corporation, Texas Instruments Incorporated, Iwatsu Electric Co., Ltd., Vitrek Corporation, HIOKI E.E. CORPORATION, Arbiter Systems Inc., Carlo Gavazzi Holding AG, Circutor S.A., and DEWESoft d.o.o., among others.
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