Power Device Analyzer Market worth $577 Million by 2026 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Power Device Analyzer Market by Type (Both AC and DC, AC and DC), Current (Below 1000A and Above 1000A), End user (Automotive, Energy, Telecommunication, Consumer Electronics and Appliances, Medical), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Power Device Analyzer Market size will grow to USD 577 million by 2026 (forecast year) from USD 457 million in 2021 (estimated year), at a CAGR of 4.8% during the forecast period. A power device analyzer is used to measure a variety of parameters associated with power consumption and generation. Power device analyzers are mainly used for measuring different aspects of electrical power, such as voltage; current; power; peak, mean, and RMS parameters; harmonics; phase; and a variety of other parameters for various applications, including testing power electronics, inverters, motors and drives, lighting, home appliances, office equipment, power supplies, and industrial machinery. These analyzers can acquire and record data for integrated calculations used for additional and complex analysis. There are three types of power device analyzers, i.e., Both AC and DC, AC, and DC. DC analyzers allow gathering and organizing multiple instruments to complete DC measurements and sourcing tasks, while AC analyzers provide accurate measurements of power, harmonics, and efficiency in power-conversion equipment.