Market Highlights —
The growth of the Power Quality Equipment Market is driven by the increasing trends of digitization across the globe. The loss associated with the power transmission is encouraging the market for adoption of power quality equipment with the objective of prevention of loss majorly in terms of productivity. The other driver for the growth and adoption of the power quality equipment in the emerging need for maintaining the efficiency of power distribution channels. However, the growth of the market is expected to be hindered by the high cost of power quality equipment.
The report has been analyzed based on the equipment, phase, application and regions. Amongst all equipment, the UPS segment is expected to contribute the highest towards the growth of the power quality equipment market. UPS is an electric storage system, which is majorly used in the times of electricity outrages for the reduction of costs and reducing the negative effects of power outages. During outages, the energy stored in this UPS is used as a back-up for maintain the supply of the power to those industries which make use of the electronics and electrical equipment. UPS provides a stable electricity supply to the safety related loads which includes equipment such as use in medical equipment, for avoiding the loss of productivity in the manufacturing plants and avoid the damages caused to the electricity using equipment.
Global Power Quality Equipment Market is expected to grow with 5.5% CAGR during the forecast period
The key players of Power quality equipment market are ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), Eaton Corporation, PLC (Republic of Ireland), Emerson Electric Co. (U.S.), General Electric (U.S.), MTE Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Smiths Group plc. (U.K.) and Toshiba Corporation (Japan) among others.
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Based on applications, the power quality equipment market can be segmented as telecommunications, energy & utilities, automotive & industrial, electronics and others. The automotive and industrial segment is expected to contribute the maximum to the growth of the power quality equipment market. Various initiatives undertaken by the automobile and industrial machineries for facilitating the remote diagnostics and maintenance of machines and capturing the remote data are further expected to contribute to the growth of the power quality equipment market.
Scope of the Report
The scope of the study segments the global Power quality equipment market by its equipment, phase, application and region.
• Static VAR compensator
• Power quality meters
• Single phase
• Three phase
• Energy and utilities
• Automotive and industrial
• North America
• Asia Pacific
• Rest of the World
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Power Quality Equipment Market, By Equipment
4.2 Static VAR Compensator
4.3 Power Quality Meters
5 Global Power Quality Equipment Market, By Phase
Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Release ID: 255720