The Power Device Analyzer Market size was valued at USD 1.98 billion in 2023 and is projected to reach USD 3.33 billion by 2032, exhibiting a CAGR of 4.67% during the forecast period. Increasing adoption of power electronics in various end-use industries, such as automotive, industrial, and consumer electronics, is driving market growth. Growing demand for efficient and reliable power devices to improve system performance and reduce energy consumption is further fueling market expansion. Technological advancements, including the integration of artificial intelligence (A.I.) and the Internet of Things (IoT), are expected to create new growth opportunities in the coming years.
The market is characterized by the presence of established players, such as Keysight Technologies, Rohde Schwarz, and Yokogawa Electric Corporation, along with emerging companies offering innovative solutions. Strategic partnerships and acquisitions are expected to shape the competitive landscape in the future.
Keysight Technologies' new product development team announced the roll out of PD1550A Advanced Dynamic Power Device Analyzer in May 2022. According to the announcement, the PD1550A is able to test entire power modules in a quicker and simpler manner. Considering the wide range of usage of power modules in electric cars, solar power inverters, trains, several home appliances, and aircrafts, this is a next-generation device. Targeting wide-bandgap devices, the PD1550A seems to be more than a successor of its prior models/dimension. It goes on to provide a veritable answer to the testing of the entire power modules space.
This invention positively affects automakers’ and power circuitry applications by reducing safety and power reliability losses during circuits operation within automobiles.
Cost-effective metering for industrial applications is now possible with the new M bus versions of its WM15 Power Analyzer, which was introduced by Carlo Gavatti Automaton in September 2022. The WM15 device was designed for single, dual and tri-phase systems, which controlled main electrical variables, harmonic distortion and energy consumption in a variety of switchboard systems. With M-Bus being embedded in the new iteration of design; there is no dependency on external Modbus to M-Bus joten interfaces. This new design removes the need for extra wires and space consumption of external gateways, thus easing the installation process.
The PD1000A Power Device Measurement System for Advanced Modeling was launched in January 2024 by Keysight Technologies. This system is aimed to reduce the design cycles by facilitating the actual testing of the power devices through simulations.
Chroma ATE announced the release of a new power analyzer, 66204, in January of 2024, which finds usage in high-precision measurement in power electronics.
In March 2023, Yokogawa introduced the WT5000 Precision Power Analyzer. This product is targeted to the applications where very high accuracy and high stability performance is required such as electrical efficiency and efficiency of mechanical components in EV and HEV inverter/motors.
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