The Power Device Analyzer market is expected to grow from an estimated USD 457 million in 2021 to USD 577 million by 2026, at a CAGR of 4.8% during the forecast period. Power Device Analyzers are increasingly being installed in Asia pacific and North American region and is showing robust growth.
A few major players that have a wide regional as well global presence and dominate the Power Device Analyzer market. The leading players in the Power Device Analyzer market include Keysight Technologies (US), Fluke Corporation (US), Yokogawa (Japan), Iwatsu Electric (Japan), and Hioki E E Corporation (Japan).
The major strategies adopted by these players include new product launches, contracts & agreements, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. New product launch was the most commonly adopted strategy from January 2017 to February 2021.
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Keysight Technologies is a global provider of services and equipment used to design and test solutions for electronics equipment. The main business activities of Keysight include designing, developing, manufacturing, installing, deploying, validating, optimizing, and securing electronics systems operations. It caters its products and services to various industries, including communications, networking, and electronics. The company has two reportable business segments, namely, Communications Solutions Group and Electronic Industrial Solutions Group. Keysight offers power device analyzers under its Electronic Industrial Solutions Group segment. Under the segment, the company also offers other products, such as digital multimeters, function generators, waveform synthesizers, counters, for data acquisition, audio analyzers, LCR Meters, for thermal imaging, cost-effective USB modular, precision source measurement units, ultra-high precision device current analyzers, test executive software platforms, and AC/DC power supplies. The company has its presence in more than 100 countries across the globe.
Fluke Corporation designs and sells electronic testing and measurement instruments and systems. It is a wholly owned subsidiary of the Fortive Corporation. The company operates its business under its 10 product categories: Accessories, Building Infrastructure, Calibration Tools, Electrical Tools, Fluke Software, Imaging, Borescopes and Industrial Diagnostics, Intrinsically Safe, Mechanical Maintenance, Temperature Measurement, and Thermal Imaging. Fluke provides power device analyzers under the Electrical Tools category along with the other products such as basic testers, Fluke battery tester, digital multimeters, installation testers, and wireless testers. The company offers its products to various end users, such as the electronics industry, biomedical industry, and process instruments. Fluke Corporation has its presence in North America, South America, Europe, Asia Pacific, and Africa.
Yokogawa Electric Corporation is a global company that develops and provides testing and measuring solutions and products. It changed its name from Yokogawa Electric Works Ltd. to Yokogawa Electric Corporation in 1986. The company has three reportable business segments: Industrial Automation and Control Business; Test and Measurement Business; and Aviation and Other Business. Yokogawa provides power device analyzers under its Test and Measurement segment. Under the segment, the company further offers waveform measuring instruments, optical communications measuring instruments, signal generators, electric voltage, current, and power measuring instruments, LCD Drivers, and confocal scanners. Additionally, it caters to several end-user applications in oil and gas, chemicals, electric power, iron and steel, pulp and paper, pharmaceutical, and food industries. The company’s Test and Measurement segment accounted for 6.1% of the total revenue in 2020. The company has a strong global presence with its key operations in Algeria, the US, Japan, Singapore, and the UK.
Power Device Analyzer Market by Type (Both AC and DC, AC and DC), Current (Below 1000A and Above 1000A), End user (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical), and Region - Global Forecast to 2026
Mr. Aashish Mehra
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