A signal analysis method for determining whether a supplying-end module of an induction type power supply system receives a modulation signal from a receiving-end module of the induction type power supply system includes obtaining a coil signal on a supplying-end coil of the supplying-end module; retrieving parts of the coil signal higher than a reference voltage to generate a peak signal; tracking the peak signal to obtain a peak voltage level; configuring a high voltage level higher than the peak voltage level and a low voltage level lower than the peak voltage level; and determining whether a plurality of peak values of the peak signal reach the high voltage level and determining whether the plurality of peak values of the peak signal reach the low voltage level during a determination cycle, and determining whether the supplying-end module receives the modulation signal accordingly.