Power analyzers are multifunctional measuring instruments that measure the power in W and kWh. They are mainly used in the electronics industry. Power analyzers are capable of measuring a wide range of parameters such as AC-DC current & voltage, power, and frequency. Thus, the significant growth of the electronics and electrical industries across the globe is a crucial factor driving the power analyzers market.
Apart from being used as power and energy measuring instruments, power analyzers can also be used for network analysis, detection finding, phase rotation, and the determination of harmonics, which is boosting the demand for power analyzers.
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Continuous changes in the features of electronic and electrical products is also propelling the power analyzers market globally. For instance, various upgradations in industrial power measuring instruments as well as in consumer electronics power measuring instruments is significantly contributing to the growth of the power analyzers market.
The improper testing of different electrical systems causes disturbances in these systems and delay in operations. To avoid this scenario, power analyzers are used regularly to promote high efficiency and high accuracy in electrical systems. Moreover, power analyzers help to measure energy consumption over time, and the power factor, which is also driving the power analyzers market.
Power Analyzers Market: Drivers and Restraints
The numerous applications of power analyzers in the electrical industry is driving the market
A variety of applications, such as the measurement of the characteristics of a power and the measurement of the intake, transformation, & generation of electricity, is boosting the demand for power analyzers. Power analyzers are used to improve the quality of power. Thus, power analyzers are used for maintaining the steadiness and efficiency of all electrical equipment, which is one of the prime factors driving the power analyzer market.
Electronic systems require various types of power analyzers for fault detection. Certain types of power analyzers are intended for high-power measurement, whereas others are required for measuring standby current parameters. A variety of power analyzers meet the requirements of various industries, which is also boosting their demand. Applications, such as measuring the parameters of home appliances, harmonics, efficiency of inverters, industrial machinery, and power supplies, are boosting the popularity of power analyzers in the market, and this is driving the market in terms of share and revenue.
Power analyzers are user-friendly with features such as LED display, automatic range selection, direct communication with computers, and the ability to monitor the leakage of current by using optional leak clamp sensors & portability.
- Tektronics, a manufacturer of power analyzers, launched the Tektronix Power Analyzer PA4000, a new power analyzer with various features such as multi-channel power, high measurement accuracy with 0.01 % (basic voltage and current accuracy) for demanding test requirements, and USB flash drive support to collect & analyze data.
On the other hand, the inadequate availability of advanced power analyzers in certain underdeveloped areas is one of the factors restraining the growth of the power analyzers market.
Power Analyzers Market: Segmentation
On the basis of application, the power analyzers market is segmented into:
- Leakage current detection
- AC-DC current detection
- Frequency conversion
On the basis of end use, the power analyzers market is segmented into:
- Industrial
- Residential
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Power Analyzers Market: Competition Landscape
Some of the key players in the power analyzers market are Fluke Corporation, Tectronix, PCE Instrumentation, Scientech Technologies Pvt. Ltd., Pacific Microsystems, Yokogawa Electric Corporation, and Keysight Technologies.