The Europe Power Device Analyzer Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
Power analyzers are used to test power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supply, and industrial machinery, among other things. A number of test equipment vendors produce electrical power analyzers to meet the growing need for measuring all elements of power and its supply and consumption.
Power analyzers are designed to provide the measurements required for testing devices that produce, transform, or consume electricity. Although data acquisition and oscilloscope-based power measurement instruments are readily accessible, power analyzers are developed to offer the measurements needed for testing devices that generate, transform, or consume electricity. A power analyzer can better satisfy the requirements of engineers who need to measure various characteristics of electrical power in this way.
Key trends of the European market are the initiatives begun by governments in formulating energy policies that encourage the march towards alternative and clean energy solutions. In addition, renewable energy is getting popular all around the globe. As a result, numerous government programs and plans exist around the world to stimulate the use of renewable energy resources, consequently influencing the future of the power device analyzer market. Moreover, environmentally conscious consumers are motivated to purchase EVs because they want to lessen their carbon footprint. Some people are even willing to pay a higher price for zero- or low-emission ICE (internal combustion engine) alternatives.
To meet the Paris Agreement's goals of reducing carbon emissions, the future energy mix will depend more on renewable energy, resulting in a slew of solar and wind energy projects currently underway or planned in various countries, as power device analyzers are highly recommended for testing solar cells and as a total carbon analyzer, among other things.
The Germany market dominated the Europe Power Device Analyzer Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $31.1 million by 2027. The UK market is exhibiting a CAGR of 3.2% during (2021 - 2027). Additionally, The France market would experience a CAGR of 4.9% during (2021 - 2027).
Based on Type, the market is segmented into Both AC & DC, AC, and DC. Based on Current, the market is segmented into Below 1000 A and Above 1000 A. Based on End User, the market is segmented into Automotive, Consumer Electronics & Appliances, Energy, Telecommunication, Medical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Power Device Analyzer Market Size will Hit $597.7 Million by 2027, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hioki E.E. Corporation, Newtons4th Ltd., Carlo Gavazzi Holding AG, Keysight Technologies, Inc., Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co. KG, Texas Instruments, Inc., PCE Instruments, Dewesoft d.o.o., and Fortive Corporation (Fluke Corporation).
By Type
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