Power Analyzer (PA) and Power Quality Analyzer (PQA) Global Market Forecast

July 26, 2023 – ElectroniCast (www.electronicast.com), a leading market and technology research consultancy addressing the electronics and photonics industries, today announced the release of an extensive study report covering the worldwide market for both Power Analyzers (PA) and Power Quality Analyzers (PQA).

Power analyzers are test equipment that measures various electrical power characteristics of devices that generate, transform, or consume electricity. Power Quality Analyzers (PQA) measure both current and voltage and detect dips, swells, fast transients, harmonics, power factors, and a host of other parameters useful for advanced power troubleshooting.

Power Analyzers    The global consumption value of selected Power Analyzers (PAs) was $487.1 million last year (2022). During the 1st-half of the review and forecast period (2022-2027), the consumption value for the selected Power Analyzers is forecast to increase at an average annual growth rate of nearly 4.5 percent; and slightly over three percent annually from 2027-2032.  Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data. 

“The use of selected Power Analyzers in the North America region, which includes Mexico, Canada, and the United States, is forecast to reach $165.1 million in 2032.  Europe, in 2022, held an estimated 19.2% of the relative market share of the worldwide Power Analyzer (PA) consumption value,” said Stephen Montgomery, president of ElectroniCast Consultants. (montgomery@electronicast.com)

“Helped along substantially by impressive consumption volume (quantity) in the Asia Pacific (APAC) region, it will maintain both the volume and value leadership role; however, average selling prices (ASPs) in APAC are typically lower versus North America and Europe and to some degree, the Rest of World region,” according to the market study.   

(NOTE: ElectroniCast also provides a separate market forecast for the Power Quality Analyzer market forecast data, available in the same report)

 This (fee-based) market forecast report, which is available immediately, is part of a consultant service from ElectroniCast to our clients. For detailed information on this or other services provided by ElectroniCast, please contact the company website or authorized sales representative worldwide.  

ElectroniCast – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning, and consulting. ElectroniCast, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies, and the financial community.  Reduction of the risk of major investment decisions is the main benefit provided.  ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.