Power Device Analyzer Market

Keysight Technologies (US) and Yokogawa (Japan) are the Key Players in the Power Device Analyzer Market

The global power device analyzer market is projected to reach USD 527 million by 2024 from an estimated market size of USD 430 million in 2019, at a CAGR of 4.2% during the forecast period. The factors driving the growth for power device analyzer is due to the growing adoption for high-performance and power-efficient devices for consumer and healthcare sector along with investments in electric vehicles due to the concern towards hazardous environmental effect.

Both global and regional players dominate the global power device analyzer market. The leading players in the global power device analyzer market include Keysight Technologies (US), Yokogawa (Japan), Fortive (US), Rohde & Schwarz (Germany), Hioki E.E. Corporation (Japan), Newtons4th (UK), and Iwatsu (Japan).

The major strategies adopted by the players include contracts & agreements, mergers & acquisitions, and new product launches. New product launches were the most commonly utilized strategy from January 2016 to October 2019.

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Keysight Technologies (US) is a technology provider that offers to design and test solutions for electronics equipment. Keysight Technologies (formerly known as Agilent Technologies) was founded as Hewlett-Packard in 1939 but was separated in 1999 as Agilent Technologies. However, in 2013, Agilent Technologies split into two separate measurement companies; Agilent Technologies and Keysight Technologies. Keysight Technologies was incorporated in 2013, and in November 2014, the company got listed on the New York Stock Exchange as a separate electronic measurement company. The principal business activities of Keysight include designing, developing, manufacturing, installation, deployment, validation, optimization and secure operation of electronics systems. It caters its products and services mainly to communications, networking, and electronics industries. The company operates its business through 4 business segments which are communications solutions group, electronic industrial solutions group, Ixia solutions group, and services solutions group. Keysight offers a power device analyzer under its electric industrial solutions group segment. Under the segment, the company also offers other products such as digital multi-meters, function generators, waveform synthesizers, counters, data acquisition, audio analyzers, LCR Meters, thermal imaging, low-cost USB modular, precision source measurement units, ultra-high precision device current analyzers, test executive software platforms, and AC/DC power supplies. The electronic industrial solutions group segment of the company has generated revenue of USD 965 million in 2018. The company has dedicated R&D facilities for each of its business segments. For the electronic industrial solutions group segment, the manufacturing facilities are located in the US, Malaysia, China, Germany, and Japan. Keysight has a network of over 650 distribution channel partners for its product sales. The company has presence in over 100 countries across the globe

Yokogawa (Japan) was formerly known as Yokogawa Electric Works Ltd. and changed its name to Yokogawa Electric Corporation in 1986. It operates its business through 3 business segments namely industrial automation and control business, test and measurement business, and aviation and other business. Yokogawa provides a power device analyzer under its test and measurement segment. Under the segment the company also offers other products such as offers waveform measuring instruments, optical communications measuring instruments, signal generators, electric voltage, current, and power measuring instruments, LCD Drivers, and confocal scanners. The company caters to several end-user applications such as 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 5.7 percent of the total revenue in 2018. The company has a strong global presence with its critical operations in Algeria, US, Japan, Singapore, and the UK. The company has regional offices in countries such as Afghanistan, Algeria, Russia, Belgium and China. The company is mainly focusing on new product launches as its key strategy. For instance, in September 2018, Yokogawa Corporation launched the WT5000 Precision Power Analyzer which has seven input elements and has a measurement accuracy of ±0.03%. With the launches of the WT5000 Precision Power Analyzer, the company aims to extend its business in the power measurement field.

Related Reports:

Power Device Analyzer Market by Type (Both AC and DC; AC), Current (Above 1000 A, Below 1000 A), End-User (Automotive, Energy, Wireless Communication, Consumer Electronics, and Others), and Region - Global Forecast to 2024

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