The Latin America, Middle East and Africa Power Device Analyzer Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Power Device Analyzer is a type of platform with the capacity to measure power devices. In addition, it usually has a wide range of current and voltage, allowing it to measure and control a wide range of power equipment. Moreover, it makes it easier to evaluate both the AC and the static components.
The rising use of high-performance and power-efficient devices for the consumer and healthcare sectors, as well as investments in electric cars due to environmental concerns, are the key factors driving the growth of the power device analyzers market. Across numerous businesses, there is a continuing desire for energy savings on a global scale. In addition, several government and international organizations aim to encourage energy conservation and raise awareness.
The capacity of government agencies to take holistic, comparative perspectives of energy costs and to act on these through legislation and/or tendering would be the most crucial enabling element for renewable energy in the UAE. The Emirate of Dubai's governance model, as well as the establishment of the UAE federal energy policy task force, is important local examples.
Solar has the biggest potential of all the renewable energy sources in South Africa. Due to its geographic location, the country receives a lot of solar energy. Due to the high wind velocity along the country's coast, Cape Town has installed a number of wind farms that generate considerable amounts of energy. Renewable energy systems are comparable to or cost somewhat less than non-renewable sources in the long run.
The Brazil market dominated the LAMEA Power Device Analyzer Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.3 million by 2027. The Argentina market is estimated to grow at a CAGR of 7.7% during (2021 - 2027). Additionally, The UAE market would display a CAGR of 6.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Power Device Analyzer Market is Predict to reach $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).
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