Power Analyzers Market

Power Analyzers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

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.

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

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

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.

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.

Global Power Analyzers Market, by Type of Configuration

Global Power Analyzers Market, by Application

Global Power Analyzers Market, by Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa