Power Device Analyzer Market Growth Analysis

Market Insights

The Power Device Analyzer Market was estimated at USD 446 Million in 2021 and is likely to grow at a CAGR of 4.72% from 2022-2028 to reach USD 617.82 Mn in 2028. The prime factors contributing to the demand for power device analyzers are mainly the surge in demand for electronic vehicles and increasing adoption of high-performance devices.

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Segment Analysis

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Device Trends

The market is segmented as AC and both AC & DC. The both AC & DC segment held the larger share of the market in 2021, and is expected to remain dominant during the forecast period.

The wide use of both AC & DC devices in testing electric vehicles, ballasts, wireless battery charging, lighting consumer products, three-phase motors, and solar panels is driving the growth of this segment.

Current Trends

The market is segmented as above 1000 A and below 1000 A. The below 1000 A segment dominated the market in 2021, and is expected to remain dominant during the forecast period as well.

The below 1000 A segment is used for large types of electrical devices in various end-user industries such as automotive, energy, aerospace & defense, wireless communication, and healthcare equipment manufacturing sector, which is propelling the growth of this segment.

End-Use Industry Trends

The market is segmented as automotive, energy, wireless communication, consumer electronics, and others. The consumer electronics segment held the largest share of the market in 2021, and is expected to lead the market during the forecast period.

Increasing awareness among consumers towards worldwide development and becoming tech-savvy, have led to a rapid increase in the demand for smart electronics such as smart TVs, smartphones, smart home systems, smartwatches, and others, which in turn, is expected to drive the growth of this segment during the forecast period.

Regional Analysis

North America is estimated to be the largest as well as the fastest-growing market for power device analyzer during the forecast period, with the USA, Mexico, and Canada being the major countries with lucrative growth opportunities.

The growth of the market is driven by the growth of various end-use industries, such as automotive, energy, wireless communication, consumer electronics, and others, which is generating huge demand for power device analyzers and the presence of a large number of power device analyzer manufacturers in the North American region.

Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed decision making and growth strategy formulation based on the opportunities present in the market.

The power device analyzer market is segmented into the following categories. 

By Device Type:

• AC
• Both AC & DC

By Current Type:

• Above 1000 A
• Below 1000 A

By End-Use Industry Type:

• Consumer Electronics & Appliances
• Automotive
• Wireless Communication and Infrastructure
• Energy
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Below 1000 A)

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Key Players

Some of the major power device analyzer manufacturers are-

• Circutor SA
• Extech Instruments
• Fluke Corporation
• Hioki E.E. Corporation
• Keysight Technologies
• Newtons4th
• PCE Instruments
• Rohde & Schwarz
• Tektronix, Inc
• ZES Zimmer Electronic Systems GmbH.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the device types by current type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Below 1000 A, please send your inquiry at sales@stratviewresearch.com.