Power Device Analyzer - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Power Device Analyzer Market is accounted for $409.01 million in 2019 and is expected to reach $613.56 million by 2027 growing at a CAGR of 5.2% during the forecast period. Growing demand for electric vehicles and increasing adoption of high-performance and power-efficient electronic devices are the major factors propelling the market growth. However, lack of skilled personnel is hampering the market growth.
Power device analyser is a device helpful in testing voltage, current, mean and RMS, power, peak, and other parameters. It can handle any broad range of energy/voltage for handling different types of power devices. They are test equipment that is becoming increasingly important within the electrical and electronics industries as all aspects of power used by large and small devices become a significant issue. Power analyzers are capable of measuring several parameters associated with power consumption and output at frequencies ranging from 50/60 Hz up to several kHz.
Based on the end user, the consumer electronics & appliances segment is going to have a lucrative growth during the forecast period due to the growing demand for consumer electronic products in the emerging regions. Power device analyzer is for testing power conversion system. The power conversion system is part of consumer electronic products such as fans, refrigerator, smart phones, laptops, TVs and air conditions. Nowadays, there is a strong awareness among consumers towards the worldwide development across the world and are becoming tech savvy which has led to a rapid increase in the demand for smart electronics such as smart TVs, smart phones, smart home system, smart watch, and others.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the swift expansion of industrial automation in Japan- and India-like nations. The government-imposed stringent regulations and inexorable standards for electronics usage in developing economies such as India, China, and Japan are supporting the regional market. Moreover, increasing demand for consumer electronics due to the growing population and rising automation in countries such as China, India, and Japan coupled with stringent regulations for the use of electronics in emerging countries such as China, Japan, and India is also responsible for the growth of the market in this region.
Some of the key players profiled in the Power Device Analyzer Market include Arbiter Systems, Inc., Carlo Gavazzi, Circutor, Extech, Fluke Corporation, Hioki E.E. Corporation, Keysight Technologies, Magtrol SA, Newtons4th, Rohde & Schwarz, Tektronix, Vitrex, Yokogawa, and Dewetron GmbH.
• Both AC and DC
• Above 1000 A
• Below 1000 A
End Users Covered:
• Consumer Electronics & Appliances
• Wireless Communication and Infrastructure
• Aerospace and Defense
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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