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RF Power Meters Market By Type (Absorption Type Power Meter, Through Type Power Meter) By Application (Electronics Industry, Communication Equipment, Scientific Research, Other) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global RF power meters market report explores the critical analysis of the RF power meter industry using key parameters. This new market research report provides vital strategic insights for investors interested in the RF power meter industry. The report covers investment strategies, how the need for investments is boosting this market, and outlines the many benefits to investors. The report also highlights major changes to global technical regulations and the non-economic barriers that are helping this market grow. Moreover, the report also looks at the global, regional, and country-level historic and forecasted market sizes. It also analyzes key investment propositions, demand and supply gaps, competitors' positions, STAR analysis, SRC analysis, and Tornado analysis. It looks at technological developments and other analyses, including Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

RF Power Meters Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Type (Absorption Type Power Meter and Through Type Power Meter)

By Application (Electronics Industry, Communication Equipment, Scientific Research, and Others)

Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Market Key Companies

General Electric, Schneider Electric, Honeywell International, Siemens, Itron, Toshiba, Melrose Plc, Wasion Group Holdings, and ABB

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the Report

How are the major segments performing in the RF power meters market?

  • The absorption-type power meter segment led the global market in 2021 owing to its low cost and high accuracy.
  • In 2021, the electronics industry application segment dominated the global market, as it is necessary to test and gauge the performance of electronic components and circuits.

Which region dominated the RF power meter market?

North America dominated the global RF power meters market in 2021 due to rising demand from the electronics and communication equipment sectors. RF power meters are most commonly used in the regional electronics industry. The need to test and measure the performance of electronic components and circuits is the main factor driving the demand for RF power meters in this regional market. In North America, RF power meters are employed in various industries, including automotive, information technology, telecommunications, and medical apparatus.

How is the US market performing in the RF power meters market?

The market for RF power meters in the United States is expected to grow substantially during the forecast period. The increasing use of RF power meters by academic research institutions in the United States represents a substantial growth opportunity. RF power meters are widely used in scientific research in the United States. They are employed in investigating electromagnetic radiation and its impacts on the matter. In the country, RF power meters are used in various research applications, such as studying the interaction of electromagnetic fields with living tissue, investigating the health effects of the electromagnetic spectrum, and developing new communication technologies.

What is the competitive environment of the RF power meter market?

Itron is a major provider of basic, digital, smart, and RF power meters, data collection systems, and utility software systems. Its RF power metering systems incorporate automated meter reading (AMR) and advanced metering infrastructure (AMI) technologies to monitor electricity, moisture, and fuel efficiency. The main players in the global RF power meters market are acquiring regulatory approvals, developing technologically advanced products, launching new products, and entering into merger and partnership agreements with other companies. For instance, in January 2020, Honeywell announced that it would incorporate Verizon's LTE Managed Connectivity service into smart RF power meters and other devices to achieve the next generation of the smart grid. This secure and reliable collaboration with internet of things devices has enabled Honeywell to provide a wireless network platform to its customers as part of its smart RF power meters services, software, and hardware.

Executive Summary

What are all the technical developments in the RF power meter market?

RF power meters are used in various research applications, including studying the interaction of electromagnetic fields with living tissue, investigating the health effects of electromagnetic radiation, and developing new communication technologies. The major factors driving the demand for RF power meters are technological advancements related to the device. Many end-users are drawn to technological advancements such as remotely controlled RF power operation, high display resolution, and automatic self-balancing capability. For instance, renowned RF power meter manufacturer Agilent Technologies Inc. has created a portable tool that can be used in labs and outdoors.

Which are the key investments by the RF power meter market players?

Key RF power meter market players are focusing their investments on technologically advanced, cost-effective, and more secure products and solutions for a wide range of applications. For instance, in January 2020, Landis+Gyr invested in and launched Revelo RF power meters with advanced grid sensing technology. Likewise, Landis+Gyr invested USD 2 million for a 3% equity stake in Sense Labs Inc. in January 2021. Sense develops and sells electronic RF power meters for evaluating electricity usage in homes in the United States and the software that goes with them.

General Electric, Schneider Electric, Honeywell International, Siemens, Itron, Toshiba, Melrose Plc, ABB, and Wasion Group Holdings are major players in the RF power meter market.

rf-power-meters-market

What are the major driving factors for the RF power meters market?

RF power meters measure the power output of transmitting devices over specific frequency ranges and energy levels. RF power meters are used in various applications, such as radar, wireless, and satellite communications. The demand for RF power meters in the communication and electronics equipment industries is fueling market expansion. Besides, increasing demand for RF power meters from scientific research institutes drives the market forward.

What are the major risks for the RF power meter market?

The global RF power meters market faces significant challenges from rising maintenance and installation costs. Also, the main disadvantage of using heat-based thermistor RF power sensors in RF power meters is that room temperature fluctuations affect the meter readings.

Which is the key type in the RF power meter market?

The absorption-type power meter segment is anticipated to grow at the fastest rate in the coming years. The input or output power of an RF signal can be determined by an absorption-type power meter. A directional coupler is used to sample the forward and reflected power in the transmission line. The forward power is then subtracted from the reflected power to determine the absorbed power. The average power over time, pulse width, and peak envelope voltage are all measured by this meter. The absorption-type meter is simple and inexpensive, making it popular for general-purpose measurements.

How is the RF power meter market performing in different regions?

The North American RF power meters market is expected to expand significantly over the forecast period. The presence of significant regional players also contributes to the market's expansion. The enhanced use of RF power meters by telecom providers and academic research institutions in North America presents a significant growth opportunity in the coming years. The communication equipment industry is the region's second-largest user of RF power meters. The performance of antennas, transmitters, receivers, and other communication system components is tested and measured in this industry using RF power meters.

Furthermore, the Asia Pacific region is anticipated to grow with the fastest CAGR in the global RF power meters market during the forecast period. The rapid adoption of advanced RF power meters and adequate manufacturer presence in regional countries such as India, Japan, and China are also driving market growth. Consistent capital investment in the defense industry and the expansion of communication networks are driving up demand for the device. On the other hand, the growing aviation and electronics industries and the region's frequent need for RF power meters are expected to drive significant market growth during the forecast period.

What is the regulatory landscape for the RF power meter market?

A variety of consumer and industrial products use electromagnetic energy in some way. Due to its regulatory responsibilities in this area, the Federal Communications Commission (FCC) frequently gets questions about the potential safety risks associated with human exposure to radio-frequency (RF) energy. The National Council on Radiation Protection and Measurements (NCRP) and the American National Standards Institute (ANSI), as well as the Institute of Electrical and Electronics Engineers Inc. (IEEE), have all made recommendations for reducing human exposure to RF power electromagnetic fields. The government's strict guidelines for electromagnetic compatibility (EMC) testing also aid in the market expansion for RF power meters.

What is the market size of RF power meters?

The global RF power meter market is anticipated to grow steadily in the coming years by 5.1%. The global RF power meters industry is estimated to be worth $XX million in 2021 and is expected to be worth $XX million by 2028.

What are the major players planning for the future of the RF power meter market?

A wireless, handheld device that measures your average RF power and displays it on an easy-to-read digital display is known as an RF power meter. It also provides real-time audio feedback to help you monitor the signal quality of your Wi-Fi network. RF and microwave power sensor manufacturers ensure precise and dependable measurements. Key players provide maximum measurement accuracy and speed, simple operation, communications technology leadership in thermal, diode, and OTA core measurement elements, and greater transparency to national standardsnal quality of your Wi-Fi network. RF and microwave power sensor manufacturers ensure precise and dependable measurements. Key players provide maximum measurement accuracy and speed, simple operation, communications technology leadership in thermal, diode, and OTA core measurement elements, and greater transparency to national standards. The major players in the RF power meter market are concentrating on developing more secure, affordable, and cutting-edge products for various applications.

Segmentation of Global RF Power Meters Market -

Global RF Power Meters Market – By Type

  • Absorption Type Power Meter
  • Through Type Power Meter

Global RF Power Meters Market – By Application

  • Electronics Industry
  • Communication Equipment
  • Scientific Research
  • Other

Global RF Power Meters Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global RF power meters market

The COVID-19 pandemic also negatively affected the overall RF power meter market, reducing revenues by more than XX% by 2020.

North America accounted for the most heightened share in the global RF power meters market.

The growing demand for RF power meters in the communication and electronics equipment sectors propels growth in this market. Moreover, increasing demand for RF power meters from scientific research institutes drives the market forward.

The absorption type power meter segments had a major share in the global market in 2021.

The electronics industry segment had a major share in the global market.

RF Power Meters Market Scope

Report Attribute Details
Market Value in 2021 $XX million
Market Value in 2028 $XX million
CAGR 5.1%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Dec 2022
Category:  Semiconductor & Electronics
Report ID:   60844
Report Format:   PDF
Pages:   130
Rating:    4.2 (30)
Delivery Time: 24 Hours to 48 Hours   
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