Global Power Analyzers Market: Introduction
- Power analyzers, also called power meters, assist in measuring parameters such as motor drives, lighting, harmonics, power factor, and efficiency in inverters, industrial machinery, power supplies, and other devices. Power consumption requires high-accuracy measurements on a system/subsystem. Power analyzers support other equipment by providing real time analysis of voltage, frequency measurement, phase rotation, and fault measurements.
- Improper detection of a system without reliable operation of loads may lead to a disturbance in power system involving unbalancing of frequency, voltage, or current. Power disturbances can originate in consumer power systems and consumer loads at the utility side. Power system disturbance ranges from transients from microseconds to outages that continue for hours depending upon the type and load required. Power interruptions can damage a partial or complete production cycle. Power analyzers help monitor the variable parameters of power system in order to optimize the production and running cost of the power flow.
Key Drivers and Restraints of Global Power Analyzers Market
- Electronic equipment is highly sensitive. It needs just the required amount of power to work efficiently. If the power is slightly higher than the required current, the circuits are expected to get damaged, thus destroying the device. Hence, it is essential to ensure that the supplied power is ideal for a device. Power analyzers ensure optimum power supply. Therefore, device manufacturers are incorporating several power analyzers in their businesses. This is a major factor that is propelling the global power analyzers market.
- The need to recognize a faulty port on a circuit board in order to ensure the device is working properly is anticipated to boost the demand for power analyzers in the next few years
Global Power Analyzers Market: Segmentation
- The global power analyzers market can be segmented in terms of type of configuration and application
- Based on type of configuration, the power analyzers market can be divided into bench top (with large and heavy configuration), rack configuration, and panel mount configuration
- In terms of application, the power analyzer market can be classified into frontline troubleshooting, predictive maintenance, service compliance, load studies, and energy assessments
Global Power Analyzers Market: Regional Outlook
- Based on region, the global power analyzers can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- North America is anticipated to be a highly lucrative region of the global power analyzers market owing to the rise in number of industries that use sensitive devices. These devices need constant monitoring of the power supply to ensure long-lasting and cost-effective operations.
- Asia Pacific is projected to be key region of the power analyzers market during the forecast period. Industrial development and rise in demand for power in Asia Pacific, especially in countries such as India, China, South Korea, and Japan, is expected to propel the power analyzers market in the region during the forecast period.
COVID Impact on Global Power Analyzers Market
- Power analyzers are primarily used in electronic equipment. The COVID-19 pandemic has significantly hampered the demand for these products. Lockdowns and restrictions on movement of manpower and material & goods have affected the manufacture of power analyzers. Many countries are facing the second and third waves of Covid-19. This has hampered the supply of raw materials.
Key Players Operating in Global Power Analyzers Market
- PCE Deutschland GmbH
- Fluke Corporation
- HIOKI E.E. Corporation
- MB Control & Systems
- Pacific Microsystems
- Drantez Technologies
- Yokogawa Electric Corporation
- TEKTRONIX, INC
Global Power Analyzers Market: Research Scope
Global Power Analyzers Market, by Type of Configuration
- Bench Top Configuration
- Rack Configuration
- Panel Mount Configuration
Global Power Analyzers Market, by Application
- Frontline Troubleshooting
- Predictive Maintenance
- Service Compliance
- Load Studies
- Energy Assessments
Global Power Analyzers Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.