With the emergence and long-term Impact of COVID-19, Global Power Device Analyzer Market to reach USD 694.40 Million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Power Device Analyzer Market is poised to raise up to USD 694.40 Million by 2030. A power device analyzer is a device that is used to monitor the flow of power in an electrical system. It is a multi-functional power analyzer device that mainly measures power flows like direct current (DC), alternating current (AC), AC voltage, and DC voltage. It contributes to the value of power gadgets by allowing the selection of appropriate power devices for the application.
They are used to measure the electrical power of devices such as converters, household appliances, power electronics testing, lighting, motors and drives, and industrial machinery. It offers a wide range of voltage, current, and other capabilities that allow it to monitor various sorts of devices. The key driving the market growth is the growing focus on energy savings, the rising adoption of power-efficient devices across various industries, and the growing electric vehicles market that is anticipated to support the market growth during the forecast period 2023-2030.
Geographically, the global Power Device Analyzer market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of key market players, growing technological advancements, and increasing research and development activities in the region. Whereas, the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period, owing to factors such as the rising popularity of electric vehicles and favorable government initiatives further help in market development, and growing consumer electronics, automotive, energy, and telecommunication industry in the region.
The global Power Device Analyzer market is highly competitive owing to the presence of several key manufacturers such as Arbiter Systems Inc, Keysight Technologies, Hioki E E Corporation, Rohde & Schwarz GmbH & Co. KG, Circutor S.A., CARLO GAVAZZI HOLDING AG Ltd., Dewesoft D O O, Iwatsu Electric Co., Ltd. and others.
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Key findings of the study suggest:
- Global Power Device Analyzer Market is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2023-2030.
- In the Type segment, Both AC and DC emerged as the leading market segment in 2022.
- In the Current segment, 1000 A emerged as the leading market segment in 2022.
- In the End User segment, Automotive emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the presence of key market players, growing technological advancements, and increasing research and development activities in the region.
- Asia-Pacific is expected to grow at a higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Type:
- Both AC and DC
- AC
- DC
Current:
- Below 1000A
- Above 1000A
End user:
- Automotive
- Energy
- Telecommunication
- Consumer Electronics and Appliances
- Medical
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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