Power Device Analyzer Market Size - By Current (≤ 1,000 A, > 1,000 A), By Phase (Single Phase, Three Phase), By Product (Both AC & DC, AC, DC), By Application (Automotive, Consumer Electronics, Energy, Telecom, Healthcare) & Forecast, 2024 – 2032

Power Device Analyzer Market Size

Power Device Analyzer Market was valued at USD 591.7 million in 2023 and is projected to expand at over 4.8% CAGR from 2024 to 2032. The growing need to optimize power consumption and reduce energy waste is driving the adoption of advanced power device analysis tools across wide tandem of industrial application areas.
 

The increasing integration of renewable energy sources into power systems will fuel the market growth. These analyzers play a crucial role in monitoring and optimizing the performance of power devices in renewable energy applications including solar and wind power. Industries are placing a greater emphasis on maintaining power quality and reliability, accelerating the industry potential.

COVID– 19 Impact

A global crisis unfolded with the unexpected outbreak of COVID-19, causing substantial repercussions. The ongoing impact includes a significant decrease in capital spending for expanding construction and power generation projects, thereby affecting the growth of these industries. Nevertheless, there is hope for improvement in the market outlook as nationwide immunization efforts are in progress, following the successful development of vaccines.
 

Power Device Analyzer Market Trends

Ongoing technological advancements in semiconductor technologies along with surging demand for sophisticated tools to analyze and test power devices, will favor the industry scenario. As semiconductor devices become more complex & integrated, the demand for precise and efficient power device analyzers will witness significant growth. Implementation of stricter government standards for energy efficiency and environmental sustainability will further propel the industry outlook.
 

Power Device Analyzer Market Analysis

The AC & DC power device analyzer industry will observe 3.6% growth rate up to 2032. The surging focus on energy efficiency has driven the need for accurate measurement and testing of power devices to ensure they meet efficiency standards, which in turn will fuel the product penetration. The paradigm shifts toward electric vehicles coupled with increasing use of power electronics in industrial applications will escalate the industry growth.
 

The ≤ 1,000 A power device analyzer market holds a market share of over 60% in 2023. Increasing applicability across  automotive, renewable energy, and consumer electronics will energize the business dynamics. The product offers key benefits including real-time monitoring, high-speed measurements, and sophisticated data analysis, stimulating the industry landscape.
 

Single-phase power device analyzers play a crucial role in assessing and optimizing the performance of devices to ensure energy efficiency. These analyzers play a crucial role in ensuring the stability and efficiency of automated systems. Shifting trend toward more handheld units in line with improved user interfaces and software solutions will drive the business growth.
 

The automotive application is set to surpass USD 200 million by 2032. The industry is increasingly prioritizing energy efficiency in both conventional and electric vehicles. These systems play a crucial role in testing and improving the efficiency of power electronics components, contributing to overall vehicle energy efficiency, which in turn will energize the industry dynamic.
 

• The Asia Pacific power device analyzer market valuation crossed USD 221.2 million in 2023. The proliferation of IoT (Internet of Things) devices and smart technologies will be led to an increased demand for efficient power management solutions, favoring the business scenario.
   
• The region has witnessed the implementation of various regulatory standards related to energy efficiency and environmental conservation. Compliance with these standards has likely driven the adoption of power device analyzers to ensure products meet the required specifications.
   

Power Device Analyzer Market Share

The major companies are concentrating on marketing strategies, technological advancements, building brand recognition, and achieving economies of scale to effectively navigate the competitive landscape in the industry.
 

Delta Electronics is a global company that operates in various segments, including power electronics, automation, and energy management. The company specializes in power and thermal management solutions, including power supplies, industrial automation, and renewable energy. It offers a wide range of products and services related to power electronics.
 

Power Device Analyzer Market Companies

The key industry market players include:

• Delta Electronics, Inc.
• Texas Instruments
• NATIONAL INSTRUMENTS CORP.
• ADVANTEST CORPORATION
• Keysight Technologies 
• Rohde & Schwarz
• Carlo Gavazzi
• Yokogawa Test & Measurement Corporation
• Fluke Corporation
• TEKTRONIX, INC.
• Chroma ATE Inc. 
• Magtrol 
• Dewesoft 
• Janitza LP
• B&K Precision Corporation
• IWATSU ELECTRIC CO., LTD.
• HIOKI E.E. CORPORATION
• Newtons4th Ltd.
• ZES ZIMMER Electronic Systems GmbH
• PCE Instruments UK Ltd.
• Circutor
• Arbiter Systems
   

Power Device Analyzer Industry News

• In May 2022, Keysight Technologies announced the launch of their PD1550A Advanced Dynamic Power Device Analyzer, with advanced capabilities for faster and easier testing of entire power modules. This next-generation device is crucial for applications like electric vehicles, solar power inverters, trains, home appliances, and aircraft, where power modules are extensively used. With a focus on wide-bandgap devices, the PD1550A expands beyond the capabilities of its predecessor and offers a comprehensive solution for testing entire power modules. This innovation benefits automotive OEMs, Tier 1 suppliers, and power converter designers, allowing them to enhance the safety and reliability of power circuits in automotive applications.
   
• In February 2022, Carlo Gavazzi Automation announced the introduction of their M Bus versions of its WM15 power analyzer, providing a cost-effective metering solution for industrial applications. The product is designed for single, two, and three-phase systems, offering the capability to control energy consumption, main electrical variables, and harmonic distortion in various switchboard installations. The new version includes an embedded M-Bus port, eliminating the need for external Modbus-to-M-Bus gateways. This innovative feature streamlines the installation process by eliminating extra space requirements and wiring associated with external gateways.
   

This market research report on power device analyzer includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Current

• ≤ 1,000 A
• > 1,000 A

Market, By Product

• Both AC & DC
• AC
• DC

Market, By Phase

• Single Phase
• Three Phase

Market, By Application

• Automotive
• Consumer Electronics
• Energy
• Telecom
• Healthcare
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Malaysia
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Egypt
  • South Africa
  • Nigeria
  • Kuwait
  • Oman
• Latin America
  • Brazil
  • Peru
  • Argentina