10-Year Market Forecast: Report Description
This report presents the ElectroniCast forecast of the use of Power Analyzers and Power Quality Analyzers. The report provides the review (analysis) of 2019 and a 10-year (2019-2029) forecast of the worldwide market consumption of Power Analyzers and Power Quality Analyzers, segmented as follows:
• POWER ANALYZERS
o BENCH TOP
BENCH TOP (LARGE / HEAVY)
BENCH TOP (PORTABLE / LIGHT)
o PORTABLE (HANDHELD)
o PANEL MOUNT
PANEL MOUNT (LARGE / RACK)
PANEL MOUNT (SLIM / PANEL)
PANEL MOUNT (DIN RAIL)
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• POWER QUALITY ANALYZERS
o BENCH TOP
BENCH TOP (PORTABLE / LIGHT)
o PORTABLE (HANDHELD)
o PANEL MOUNT
PANEL MOUNT (SLIM / PANEL)
PANEL MOUNT (DIN RAIL)
Separate Forecasts The market forecasts for Power Analyzers and Power Quality Analyzers are separate forecasts and therefore are not summed-up together to a higher-level.
The market forecast data are segmented by the following functions:
• Consumption Value (US$, million)
• Quantity (number/by 1,000 units)
• Average Selling Prices (ASP $, each)
The ElectroniCast global market forecasts for Power Analyzers and Power Quality Analyzers are segmented into the following geographical regions:
• North America
• Europe
• Asia Pacific Region (APAC)
• Rest of the World
Electric Power Test Equipment
Power Analyzer (PA) Power analyzer (PA) is a piece of test equipment that accurately measures electrical power characteristics of devices that generate, transform, or consume electricity. Power analyzers, also called power meters or watt-meters, provide precise measurements of true power (watts), power factor, harmonics and efficiency in inverters, motor drives, lighting, home appliances, office equipment, power supplies, and industrial machinery.
Power Quality Analyzer (PQA) A Power Quality Analyzer (PQA) is a piece of test equipment designed to evaluate the quality of electrical power on its input. These devices are available in three-phase and single-phase models. They measure both current and voltage, and detect dips, swells, fast transients, harmonics, power factor, and a host of other parameters that are useful for advanced power troubleshooting.
Information Base for the Market Forecast
Market analysis and forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief creates a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces. The future market for this particular type of electric power test and measurement equipment depends on a number of factors, including:
• User equipment demand
• The continuing trend of regarding increasing performance/cost ratio, driving an economics-based expansion
• Current and future use of other competing technologies, based on economic advantage and technology advancement
• Possible displacement of these technologies by other solutions
• Shifts in the types and technologies of products deployed and in their end applications
• Trends in world economies, regional economies and government policies
ElectroniCast analysts perform interviews with authoritative and representative individuals involved with electrical component and equipment development and marketing/sales, from the standpoint of both suppliers and users of pertinent products. The interviews are conducted principally with:
• Engineers, marketing personnel and management at manufacturers of the pertinent types of products.
• Design group leaders, engineers, marketing personnel and market planners at major users and potential users of the applicable products.
• Other industry experts, including those focused on standards activities, trade associations, and investments.
The interviews cover issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.
Customers (electrical contractors, electricians, building systems, electrical infrastructures, electrical utility/operators, equipment distributors, similar) are interviewed, to obtain their estimates of quantities received and average prices paid, as a crosscheck of vendor estimates. Customer estimates of historical and expected near term future growth of their application are obtained. Their views of use of new technology products will be researched.
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A review of published information was also performed to supplement information obtained through interviews. The following sources are reviewed:
• Professional technical journals and papers
• Trade press articles
• Technical conference proceedings
• Product literature
• Company profile and financial information
• Additional information based on previous ElectroniCast market studies
• Personal knowledge of the research team
Bottom-up Methodology ElectroniCast forecasts, are developed initially at the lowest detail level, and then summed to successively higher levels. The background market research focuses on the amount of each type of product used in each application in the base year (2019), and the prices paid at the first transaction from the manufacturer. This forms the base year data. ElectroniCast analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends toward digital broadband communication equipment usage and economic payback.
The calculation and analysis data spreadsheet technique is based upon input/ output analysis, leveraging the quantitative consumption quantity, price and value of each item in each application at all levels to achieve reasonable quantitative conclusions; this interactive analysis concept, first applied on a major scale by Leonteff, of the US Department of Commerce, in the mid 1950s, was then adopted successfully by analyst/forecasting firms Quantum Science, Gnostic Concepts and (in 1981) by ElectroniCast.
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