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Global Power Device Analyzer Market to reach USD 694.40 million by the end of 2030

Global Power Device Analyzer Market Size study & Forecast, by Type (Both AC and DC, AC, DC) by Current (Below 1000A, Above 1000A), by End user (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical) and Regional Analysis, 2023-2030

Product Code: EESC-66333561
Publish Date: 10-08-2023
Page: 200

Global Power Device Analyzer Market is valued at approximately USD 470 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2023-2030. A power device analyzer is a device that is used to monitor the flow of power in an electrical system. It is a multi-functional power analyzer device that mainly measures power flows like direct current (DC), alternating current (AC), AC voltage, and DC voltage. It contributes to the value of power gadgets by allowing the selection of appropriate power devices for the application. They are used to measure the electrical power of devices such as converters, household appliances, power electronics testing, lighting, motors and drives, and industrial machinery. It offers a wide range of voltage, current, and other capabilities that allow it to monitor various sorts of devices. The key driving the market growth is the growing focus on energy savings, the rising adoption of power-efficient devices across various industries, and the growing electric vehicles market that is anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing electric vehicles (EV) market is significantly supporting the growth of the Power Device Analyzer Market. As more and more consumers and governments worldwide prioritize the adoption of electric vehicles as a sustainable transportation solution, the demand for power device analyzers has surged over the years. According to Statista, globally the number of electric vehicles sold in 2020 was 3.18 million; in 2022 the number reached 10.24 million and it is anticipated to reach 12.97 million by 2025. As a result, the growing demand for EVs is anticipated to create a lucrative demand for the market. Additionally, the rising adoption of power device analyzers by renewable energy sectors is anticipated to create a lucrative opportunity for the market during the forecast period. However, the high initial cost of installation and the requirement for skilled personnel stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Device Analyzer Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing technological advancements, and increasing research and development activities in the region. Whereas, the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period, owing to factors such as the rising popularity of electric vehicles and favorable government initiatives further help in market development, and growing consumer electronics, automotive, energy, and telecommunication industry in the region.

Major market player included in this report are:
Arbiter Systems Inc (U.S.)
Keysight Technologies
Hioki E E Corporation (Japan)
Rohde & Schwarz GmbH & Co. KG (Germany)
Circutor S.A. (Spain)
Dewesoft D O O
Iwatsu Electric Co., Ltd. (Japan)
Delta Electronics Inc.
Texas Instruments (U.S.)
Recent Developments in the Market:
Ø In Dec. 2022, The N6705C DC power analyzer from Keysight was introduced. All sourcing and assessing features are available from the front panel for increased ease. With the N6705C, Keysight offers a recessed binding post (RBP) option for additional safety when using banana plugs.
Global Power Device Analyzer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Current, End user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Both AC and DC
By Current:
Below 1000A
Above 1000A
By End user:
Consumer Electronics and Appliances
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Power Device Analyzer Market, by Region, 2020-2030 (USD Million)
1.2.2. Power Device Analyzer Market, by Type, 2020-2030 (USD Million)
1.2.3. Power Device Analyzer Market, by Current, 2020-2030 (USD Million)
1.2.4. Power Device Analyzer Market, by End user, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Power Device Analyzer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Power Device Analyzer Market Dynamics
3.1. Power Device Analyzer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing focus on energy savings Rising adoption of power-efficient devices across various industries Growing electric vehicles market
3.1.2. Market Challenges High initial cost of installation and requirement of skilled personnel
3.1.3. Market Opportunities Rising adoption of power device analysers by renewable energy sectors Growing demand in energy industry

Chapter 4. Global Power Device Analyzer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Power Device Analyzer Market, by Type
5.1. Market Snapshot
5.2. Global Power Device Analyzer Market by Type, Performance – Potential Analysis
5.3. Global Power Device Analyzer Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Power Device Analyzer Market, Sub Segment Analysis
5.4.1. Both AC and DC
5.4.2. AC
5.4.3. DC
Chapter 6. Global Power Device Analyzer Market, by Current
6.1. Market Snapshot
6.2. Global Power Device Analyzer Market by Current, Performance – Potential Analysis
6.3. Global Power Device Analyzer Market Estimates & Forecasts by Current 2020-2030 (USD Million)
6.4. Power Device Analyzer Market, Sub Segment Analysis
6.4.1. Below 1000A
6.4.2. Above 1000A
Chapter 7. Global Power Device Analyzer Market, by End user
7.1. Market Snapshot
7.2. Global Power Device Analyzer Market by End user, Performance – Potential Analysis
7.3. Global Power Device Analyzer Market Estimates & Forecasts by End user 2020-2030 (USD Million)
7.4. Power Device Analyzer Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Energy
7.4.3. Telecommunication
7.4.4. Consumer Electronics and Appliances
7.4.5. Medical
Chapter 8. Global Power Device Analyzer Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power Device Analyzer Market, Regional Market Snapshot
8.4. North America Power Device Analyzer Market
8.4.1. U.S. Power Device Analyzer Market Type breakdown estimates & forecasts, 2020-2030 Current breakdown estimates & forecasts, 2020-2030 End user breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Power Device Analyzer Market
8.5. Europe Power Device Analyzer Market Snapshot
8.5.1. U.K. Power Device Analyzer Market
8.5.2. Germany Power Device Analyzer Market
8.5.3. France Power Device Analyzer Market
8.5.4. Spain Power Device Analyzer Market
8.5.5. Italy Power Device Analyzer Market
8.5.6. Rest of Europe Power Device Analyzer Market
8.6. Asia-Pacific Power Device Analyzer Market Snapshot
8.6.1. China Power Device Analyzer Market
8.6.2. India Power Device Analyzer Market
8.6.3. Japan Power Device Analyzer Market
8.6.4. Australia Power Device Analyzer Market
8.6.5. South Korea Power Device Analyzer Market
8.6.6. Rest of Asia Pacific Power Device Analyzer Market
8.7. Latin America Power Device Analyzer Market Snapshot
8.7.1. Brazil Power Device Analyzer Market
8.7.2. Mexico Power Device Analyzer Market
8.8. Middle East & Africa Power Device Analyzer Market
8.8.1. Saudi Arabia Power Device Analyzer Market
8.8.2. South Africa Power Device Analyzer Market
8.8.3. Rest of Middle East & Africa Power Device Analyzer Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Arbiter Systems Inc (U.S.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Keysight Technologies
9.3.3. Hioki E E Corporation (Japan)
9.3.4. Rohde & Schwarz GmbH & Co. KG (Germany)
9.3.5. Circutor S.A. (Spain)
9.3.7. Dewesoft D O O
9.3.8. Iwatsu Electric Co., Ltd. (Japan)
9.3.9. Delta Electronics Inc.
9.3.10. Texas Instruments (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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