SYDNEY, Sept. 10, 2014 /PRNewswire/ -- The need for extremely accurate measurements in industrial applications, especially high-end ones, is sustaining the adoption of power analysers in Australia and New Zealand (ANZ). The growing importance given to testing imported goods in order to ensure compliance with energy efficiency standards further aids uptake, especially of low-end power analysers such as power meters.
Photo - http://photos.prnewswire.com/prnh/20140910/144844
New analysis from Frost & Sullivan, Australia and New Zealand Power Analysers Market, finds that the market earned slightly above $1.0 million in 2012 and is expected to grow at a CAGR of 0.8 percent till 2017. The study covers power analysers used in power electronics design, testing and validation applications.
"The drive towards energy conservation and energy efficiency is expected to bolster the ANZ power analyser market," said Frost & Sullivan Measurement and Instrumentation Industry Analyst Susan Sahayan. "R&D activities pertaining to energy efficiency too require power analysis. A lot of interest is being generated, particularly from areas related to solar inverters, owing to the increased awareness on climate change and greenhouse gas emission."
Despite these drivers, the market in ANZ will witness slow growth owing to the decline in manufacturing and the move towards service and information-based industries. Businesses consider the running of a manufacturing plant in ANZ tough due to the high cost of labour, the strong Australian currency, and rising material prices.
In addition, rapid technological developments have made it possible for power analysers to last longer, affecting the demand for replacements. In fact, power analyser replacements are driven by new requirements such as better measurement accuracy rather than equipment breakdown. Hence, manufacturers must deliver innovative solutions with novel capabilities to gain revenue from the replacement market.
"The lack of awareness on the benefits of power analysers among distributors is another challenge," added Sahayan. "As distributors make up the entire supply channel of this market, it is critical that manufacturers provide training on the latest technologies and upgrades to help distributors better serve the customer base in ANZ."
If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.
Australia and New Zealand Power Analysers Market is part of the Test & Measurement (http://www.testandmeasurement.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: General Purpose Test Equipment in Select Countries in Asia Pacific, Calibration and Repair Services in Southeast Asia, Used and Rental General Purpose Test Equipment Market in Southeast Asia, and SEA Power Analysers Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Australia and New Zealand Power Analysers Market
P795-30
Contact:
Donna Jeremiah
Corporate Communications -- Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications -- Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications -- Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
Photo - http://photos.prnasia.com/prnh/20140910/8521405157
