CHICAGO, Nov. 25, 2021 /PRNewswire/ — According to the new market research report “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″, published by MarketsandMarkets™, the Power Device Analyzer Market size will grow to USD 577 million by 2026 (forecast year) from USD 457 million in 2021 (estimated year), at a CAGR of 4.8% during the forecast period. A power device analyzer is used to measure a variety of parameters associated with power consumption and generation. Power device analyzers are mainly used for measuring different aspects of electrical power, such as voltage; current; power; peak, mean, and RMS parameters; harmonics; phase; and a variety of other parameters for various applications, including testing power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. These analyzers can acquire and record data for integrated calculations used for additional and complex analysis. There are three types of power device analyzers, i.e., Both AC and DC, AC, and DC. DC analyzers allow gathering and organizing multiple instruments to complete DC measurements and sourcing tasks, while AC analyzers provide accurate measurements of power, harmonics, and efficiency in power-conversion equipment.
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The Both AC and DC segment is expected to dominate the Power Device Analyzer Market, by type, during the forecast period.
Both AC and DC type segment accounted for the largest share of the Power Device Analyzer Market, by type, in 2020. Both AC and DC type segment is projected to account for a larger market share, driven by the government initiatives toward implementing energy audits with an increase in mandatory regulations, growing demand for electric vehicles (EVs), and a growing market for Internet of Things (IoT) are driving the market for both AC and DC segment. Moreover, increasing energy audit and mandates from governments across the globe is likely to boost the demand for power analyzers.
The below 1000A current segment is expected to dominate the Power Device Analyzer Market, by current, during the forecast period.
The below 1000A segment accounted for the largest share of the Power Device Analyzer Market, by current, in 2020. Majority of projects are undertaken in this segment. 1000A are used across various end user industries, such as automotive, energy, aerospace & defense, wireless communication, and healthcare equipment manufacturing. Some of the major products used in the automotive and energy sectors are PWM Inverters, AC/DC converters, solar arrays, UPS…
Read More: Power Device Analyzer Market worth $577 Million by 2026