The power device analyzer market is expected to grow from an estimated USD 470 million in 2022 to USD 600 million by 2027, at a CAGR of 5.0% during the forecast period. The global power device analyzer market is expected to witness significant growth during the forecast period due to the rising focus on energy savings and increasing adoption of power efficient devices across various industries.
A few major players that have a wide regional presence dominate the power device analyzer market. The leading players in the power device analyzer market include Keysight Technologies (US), Yokogawa (Japan), Hioki E E Corporation (Japan) and Fluke Corporation (US) are the leading players of the Power Analyzer market.
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Acquisitions, product launches, contracts, and expansions are among the key growth strategies adopted by leading companies such as to boost their position in the power device analyzer market. The companies in the power device analyzer market focusses majorly on partnerships, contracts, agreements, acquisitions, and product launches to grab a strong foothold in the market.
IWATSU ELECTRIC CO., LTD. is a Japanese electronics firm formed in 1938, with a major focus on three business domains that includes Business communication systems, Test and measurement equipment and Reprographic systems. It manufactures and distributes telecommunications equipment, electronic test equipment, and printing system products. Business and home telephones, wireless phones, digital screening equipment, pagers, security systems, financial trading systems, and oscilloscopes are among the company's products. The Reprographic segment has a top share in the net sales. The other primary products include Semiconductor curve tracers, Isolation measurement systems, Digital oscilloscopes, Analog oscilloscopes, Digital multimeters, Function generators, Universal counters, Training kits for educational purposes, Aerospace control systems, Non-contact displacement gauges, B-H analyzers, Automatic measuring systems. The company has its presence in more than 100 countries across the globe.
Hioki is an industry-leading manufacturer of finest electrical test and measuring instruments since 1935. Hioki electrical measuring instruments are used in a wide range of industries and fields, from the maintainance and inspection of electrical work and equipment to the testing of electronic components used in computers and smartphones as well as the development of electric vehicles and solar power generation technologies. Their products includes Recorders & Data Loggers, LCR/Resistance Meters, Safety Testing, Probes, Sensors, Optical, PV maintenance, Telecommunication, Environmental Measuring, Bare Board & Package Testing, IoT/New Solutions, Meter Relay, DMM, Testers, Field Measuring, and Power Meters. The power meters include power device analyzers and power loggers. The company offers its products in various regions including China, America, and Europe.
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 2027
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