Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Power Device Analyzer Market size is expected to reach $597.7 million by 2027, rising at a market growth of 4.6% CAGR during the forecast period.
The Both AC & DC segment acquired maximum revenue share in the Global Power Device Analyzer Market by Type in 2020, thereby, achieving a market value of $290.3 million by 2027. This is due to the growing number of government initiatives to adopt energy audits with an increase in obligatory laws, increased demand for electric vehicles (EVs), and a developing market for the Internet of Things (IoT).
The Consumer Electronics & Appliances segment is showcasing a CAGR of 4.4% during (2021 - 2027). This is because Fans, refrigerators, smartphones, computers, TVs and air conditioners, smart home systems, smartwatches, and other consumer electronic gadgets can all benefit from power device analyzers. In addition, the demand for electrical items is predicted to rise as a result of the rising demand for electronic products as a result of the introduction of new technologies. The market for power device analyzers will be driven by an increase in the demand for electronic products, as well as technological advancements that would necessitate more accurate test and measurement solutions.
Asia Pacific is the fastest growing region in the Global Power Device Analyzer Market by Region in 2020, and would achieve a market value of $304.5 millionby 2027. The Europe market is experiencing a CAGR of 4.1% during (2021 - 2027). Additionally, The North America market would witness a CAGR of 4.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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