The global demand for Power Quality Equipment Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Power quality equipment is a device that regulates power to guarantee that it is of consistent quality—assists in maintaining a constant voltage power supply within a certain range. Several factors usually determine the quality of a network. Standard parameters such as flicker, current, harmonics, voltage dips, power, voltage, and transients are processed by power quality measuring equipment. These devices are capable of withstanding a great deal of interference. The primary goal of power quality equipment is to cut down on the number of devices in a system. It also has a database, can read and store data without delay, and can measure and analyze the relevant data in a short amount of time. Power quality equipment is utilized in the power grid to provide a consistent and continuous power flow.
Market Dynamics
The expansion of the power quality equipment market is fueled by the need to improve power quality to minimize the overall carbon footprint of electrical devices while also optimizing cost and energy savings. Reduced harmonics and voltage transients and adjusting for phase voltages can improve network quality. The significant amount of energy and cost saved by power quality equipment propels the global market forward. The telecommunications industry needs efficient, high-capacity electrical supply systems to power data centers, servers, and other internet-related infrastructure, which drives the rising demand for power quality equipment. Shortly, the integration of variable renewable energy into power grids and the widespread usage of non-linear equipment creates a significant commercial potential for power quality equipment providers worldwide. The high costs of high-end power quality equipment may function as a stumbling block to the market's expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of power quality equipment. The growth and trends of power quality equipment industry provide a holistic approach to this study.
Market Segmentation
This section of the power quality equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
- Industrial & Manufacturing
- Commercial
- Residential
- Transportation
- Utilities
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Power Quality Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Power Quality Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the power quality equipment market include General Electric, ABB, Ltd., Schneider Electric SE, Emerson Electric Co., Eaton Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.