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A16437 | Pages: 269 | Charts: 76 | Tables: 148 |
The global power device analyzer market size was valued at $423.25 million in 2021, and is projected to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
Sales of power device analyzer system is directly proportional to the demand for electronic products. The electronic industry has been negatively impacted amid the lockdown imposed, due to the COVID-19 outbreak and recorded a huge decline in crude prices in 2021, due to the resumed overflow production. However, the continued upstream activities has not impacted the demand for power device analyzer system.
Power is the rate of doing work, which can also be stated as the amount of energy consumed per unit of time.. The periodic time (equals the frequency) must be known to calculate the power of an electrical system. Power analysis is simply the method by which power is tested and studied, using a power analyzer. In addition, a power analyzer is an instrument that measures and quantifies the rate of power flow in electrical systems. Power flow is expressed in Joules/second (J/s) or kilowatt-per-hour (kW/h).
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Power analyzers are used for measuring various aspects of electrical power for applications, which include testing power electronics, inverters, motors & drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. In addition, in an electric vehicle, power device analyzers can are used to test various components, such as electric motors, battery management systems, navigation systems, and electrical charging systems.
Power analyzers industry can make various measurements dependent upon the manufacturer and the model, however power analyzers are expected to measure parameters, including voltage, current, power, peak, mean & root mean square (RMS) parameters, harmonics, phase, and a variety of other parameters. Some power analyzers are intended for high power measurements and may even have special high-power sensors, whereas others may be intended for measuring the standby current parameters for various equipment. Modern type power analyzer have data logging capabilities. They can store the data and stored data can be seen at a later date - the screens on some power analyzers can be quite large and able to provide very detailed data. Furthermore, the data is transferred via Ethernet or USB with a computer so that further analysis can be undertaken. Power energy analyzers are used to monitor equipment over a long period of time, under various different conditions. In addition, power analyzer can be be controlled remotely. This enables the instrument to be located close to the item under test, while the computer and the engineer are away. This can be very useful when an item is undergoing temperature or vibration testing.
The power device analyzer market forecast is segmented on the basis of Type, Current, End user, and region. Depending on type, the market is categorized into both AC & DC, AC, and DC. On the basis of current, it is divided into below 1000A and above 1000A. According to end user, it is classified into automotive, energy, telecommunication, consumer electronics & appliances, and medical. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global power device analyzer market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany) and Texas Instruments (U.S.)
[TYPEGRAPH]
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By type, both AC and DC segment dominated the global Power device analyzer market in 2020, 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.
[CURRENTGRAPH]
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By current, below 1000A segment dominated the global Power device analyzer market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed due to expansion of medium-sized industries across the globe.
[ENDUSERGRAPH]
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By end user, the automotive segment dominated the global power device analyzer market in 2020, and is projected to remain the fastest-growing segment during the forecast period.
[REGIONGRAPH]
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By region, Asia-Pacific dominated the global Power device analyzer market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed due to rising urbanization which led to increase in wastewater management activities, which in turn are expected to increase the demand of power device analyzer system and may act as the major driving factor for the market.
·The COVID-19 pandemic has curtailed the movement of people and goods, across the globe, including in most of the regions in which production of power device analyzer system is on large scale. To limit the spread of COVID-19, a number of local, state, and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures. The COVID-19 pandemic has resulted in, decline and is expected to continue to result in a substantial curtailment of business activities, including decrease in demand for a broad variety of goods and electronic products, weakened economic conditions, supply chain disruptions, significant economic uncertainty and volatility in the financial and commodity markets, including the reduction in global demand for oil & gas combined with excessive supply due to disagreements between organization of the petroleum exporting countries (OPEC), both in the U.S. and abroad. However, due to the disruption in such all-mentioned activities there is decrease in the demand for power device analyzer system, which negatively impacted the whole market.
· The manufacturing of power device analyzer system was ceased for a specific period of time, due to high peak of COVID-19 situation, which highly impacted the sales of power device analyzer system.
· COVID-19 impacted almost all industries by hindering various industrial currents and disrupting the supply chain. Maximum companies halted their operation due to less workforce. However, there is a sluggish decline in the power device analyzer market growth, due to impact of COVID-19.
· Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using power device analyzer system and thereby, negatively affecting the global power device analyzer market.
· According to the UNIDO, 30.0%‐“70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in power device analyzer system. This is expected to decline the growth of the market during the forecast period.
Key Market Segments
Key Market Players