The global power device analyzer market size is projected to showcase substantial growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 468.9 million in 2023. It is also anticipated to hit a valuation of US$ 778.5 million by 2033. The market is estimated to showcase a modest CAGR of 5.2% from 2023 to 2033.
Increasing use of high-performance and power-efficient devices in the consumer and healthcare sectors is anticipated to foster market growth. Rising Concerns about Hazardous Environmental Effects further propel the growth of the market.
There is a growing desire for efficient technologies to reduce energy waste and improve efficiency. In addition, there is a shift toward electric and hybrid vehicles to minimize reliance on fossil fuels and provide sustainable energy. Apart from that, the Internet of Things (IoT) is being adopted across all industries for automation and to take data-driven actions. As a result, the power device analyzer market is gaining traction, and it has a lot of untapped potential.
There is a great demand for efficient technologies like electronic measurement equipment and low-frequency vector network analyzer. These technologies reduce energy waste and improve efficiency. In addition, there is a shift toward electric and hybrid vehicles. This shift is prevailing to minimize reliance on fossil fuels and provide sustainable energy.
IoT is being adopted across all electronics. As a result, the power device analyzer market has a lot of untapped potential. The market is expected to grow at a steady pace, and the demand for dynamic power device analyzers is anticipated to rise.
The renewable energy sector is experiencing substantial expansion, with private and government investments. Power device analyzers are commonly used for testing solar cells and other uses in the solar business. Test equipment that can generate and quantify from the nanoamp range up to 10 amps and beyond is often necessary to adequately characterize solar cells.
High-bias voltage capacitance measurement capabilities are required by many power devices to estimate power device switching characteristics accurately. As a result, numerous organizations use their power device analyzers to provide comprehensive power testing solutions.
| Attributes | Details |
|---|---|
| Power Device Analyzer Market Share (2022) | US$ 450.0 million |
| Power Device Analyzer Market Share (2023) | US$ 468.9 million |
| Power Device Analyzer Market Share (2033) | US$ 778.5 million |
| Power Device Analyzer Market Share (2023 to 2033) | 5.2% |
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The global power device analyzer market expanded at a modest CAGR of 4% from 2017 to 2022. In 2017, the global market size stood at US$ 369.9 million. In the following years from 2017 to 2022, the market witnessed significant growth, accounting for US$ 450.0 million in 2022.
There is a growing desire for energy-efficient industrial electronics that can help reduce waste and improve efficiency. In addition, there is a shift toward electric and hybrid vehicles to minimize reliance on fossil fuels and to generate renewable energy. Aside from that, IoT is being adopted across all industries. As a result, the power quality analyzer is gaining traction, with plenty of untapped potential.
The increasing use of high-performance and power-efficient devices in the consumer and healthcare sectors fosters market growth. Furthermore, rising investments in electric vehicles as a result of concerns about hazardous environmental effects augment product demand. The consumer sector is expected to account for most of the power device analyzer market share.
Fans, refrigerators, smartphones, computers, TVs and air conditioners, innovative home systems, smartwatches, and other consumer electronic gadgets can benefit from dynamic power device analyzers.
The demand for electrical items is predicted to rise. This is anticipated due to the rising demand for electronic products as a result of the introduction of new technologies. The sales of power device analyzers might be driven by an increase in the demand for electronic products and technological advancements that could necessitate detailed test and measurement solutions.
The rising usage of highly efficient and cost-effective electronic devices across the consumer electronics and healthcare sectors is a key driver for the power device analyzer industry. In addition, the power device analyzer market growth is being fueled by the factors such as:
By current, the below 1000 A segment is a significant contributor to the market. FMI estimates that the below 1000 A segment is likely to capture about 64% of the global power device analyzer market share in 2023. PWM inverters, AC/DC converters, solar arrays, UPS (uninterrupted power supply), and high-frequency power electronics are common devices used in the automotive and energy market. These products require power device analyzers to test the quality of the power supply and several other power supply parameters.
By end-use, the telecommunication segment is anticipated to witness remarkable growth from 2023 to 2033. The telecommunication segment is projected to capture nearly 39% of the global power device analyzer market in 2023. The growing demand for high-speed data communication is likely to boost the demand for high-frequency power device analyzers.
The burgeoning network capacity due to increasing smartphone, tablets, laptops, and other device users is likely to boost the market growth. The cost-effectiveness of power device analyzers is another factor that augments their adoption in the telecommunication industry. Furthermore, the rising need for improved efficiency and reliability of power devices is expected to amplify market development.
Based on type, the both AC and DC segment is the most significant contributor to the power device analyzer market in 2023.
Both AC and DC type segment is projected to account for a significant market share during the forecast period. The segment’s expansion is driven by government initiatives toward implementing energy audits with an increase in mandatory regulations. The growing demand for AC power quality monitors, electric vehicles (EVs), and a growing market for the Internet of Things (IoT) are driving the market for both AC and DC segment.
Principal Consultant
North America is anticipated to hold the lion’s share in the global market. The United States power device analyzer market is anticipated to capture 23% of the global market share. The growth is attributable to the presence of key players such as Keysight Technologies, Fluke Corporation, and others.
The increasing research and development activities, backed by hefty investments prosper regional market growth. Furthermore, the presence of robust automotive, aerospace, telecommunication, and other end-user industries flourish in growth for the regional market. The growing technological advancements across the expanding end-user industries are anticipated to bolster North America power device analyzer market.
The power device analyzer market in Asia Pacific is booming because of rising marine traffic. The increasing popularity of electric vehicles and favorable government legislation further aid market development. China, Japan, South Korea, Australia, India, and Rest of Asia Pacific make up this regional market. In 2023, China, India, and Japan are anticipated to capture 6.1%, 6.6%, and 6.7% of the global market shares, respectively.
A surge in demand for electric cars (EVs), Ac power quality monitors, and rigorous government policies support the region's growth. For example, China's government ordered in April 2021 that a specific percentage of all vehicles sold by a manufacturer each year must be battery-powered.
To avoid financial penalties, producers must obtain a certain number of points each year. These points are awarded for each electric vehicle produced. As a result, electric vehicles (EVs) are expected to account for 40% of all car sales in China by 2030. Big automaker companies such as BMW, Tesla, and Volkswagen are constructing production plants in Asia Pacific due to the lucrative opportunities there. As a result, rising investments in critical end-use industries are expected to drive the power device analyzer market over the forecast period.
The main growth strategy used by key players is business expansion through mergers, acquisitions, collaborations, and partnerships. Players are also stressing the use of cutting-edge technologies to introduce new items in addition to this. Their goal is to effectively meet the end-use industries' expanding demand.
Recent Developments Observed by FMI:
Key Players in Power Device Analyzer Market:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | Units for Volume, US$ million for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
A valuation of US$ 468.9 million is attributed to the power device analyzer market in 2023.
The global power device analyzer market size is anticipated to surpass US$ 778.5 million by 2033.
The power device analyzer market is projected to accelerate at a CAGR of 5.2% between 2023 and 2033.
With a 23% global market revenue, the United States stands as a lucrative power device analyzer market fueled by its technological prowess.
The power device analyzer market achieved a consistent CAGR of 4% between 2018 and 2022, culminating in a 2022 valuation of US$ 369.9 million.
1. Executive Summary | Power Device Analyzer Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Both AC and DC
5.3.2. AC
5.3.3. DC
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Current
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Current, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Current, 2023 to 2033
6.3.1. Below 1000 A
6.3.2. Above 1000 A
6.4. Y-o-Y Growth Trend Analysis By Current, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Current, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033
7.3.1. Automotive
7.3.2. Energy
7.3.3. Telecommunication
7.3.4. Consumer Electronics and Appliances
7.3.5. Medical
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Current
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Current
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Current
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Current
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Current
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Current
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Current
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Current
12.3.4. By End User
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Type
13.2.3. By Current
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Current
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Current
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Current
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Current
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Current
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Current
14.5.2.3. By End User
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Current
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Current
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Current
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Current
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Current
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Current
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Current
14.12.2.3. By End User
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Current
14.13.2.3. By End User
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Current
14.14.2.3. By End User
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Current
14.15.2.3. By End User
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Current
14.16.2.3. By End User
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Current
14.17.2.3. By End User
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Current
14.18.2.3. By End User
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Current
14.19.2.3. By End User
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.20.2.2. By Current
14.20.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Current
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Fluke Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Keysight Technologies
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Yokogawa Electric Corporation
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Iwatsu Electric
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Hioki E E Corporation
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Newtons4th
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Rohde & Schwarz
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Carlo Gavazzi
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Vitrek
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Circutor
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. ZES ZIMMER Electronic Systems
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Power Device Analyzer Market
