Power quality equipment is a device that helps in ensuring frequency stability and tracking harmonics. It is equipped with numerous features that aid in maintaining a high level of power quality by avoiding operational downtime. It is widely deployed across the residential and commercial sectors for maintaining and regulating uniform power quality.
According to the global power quality equipment market report by IMARC Group, the market reached a value of US$ 15.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.7 Billion by 2027, exhibiting at a CAGR of 7.10% during 2022-2027.
Global Power Quality Equipment Industry Trends and Drivers:
The global market is primarily driven by the significant rise in demand for improved power quality in the industrial sector. Furthermore, the continual adoption of renewable energy and power transmission has positively influenced the market growth.
Moreover, the increasing deployment of smart grids across the globe is acting as another major growth-inducing factor. Besides this, numerous initiatives undertaken by the governments of various countries for improving the infrastructure of the manufacturing sector have further boosted the market growth. Moreover, the introduction of innovative product variants and extensive research and development (R&D) have also provided an impetus to the market growth. F95zone
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Cordyne Inc., Cyber Power Systems (USA) Inc, Delta Electronics Inc., Eaton Corporation PLC, EMCO Limited, Fluke Corporation (Fortive Corporation), General Electric Company, Hubbell Incorporated, Kyoritsu Electrical Instruments Works Ltd., National Instruments Corporation and Siemens Aktiengesellschaft.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The report has segmented the market on the basis of region, equipment, phase and end user.
Breakup by Equipment:
- Uninterruptable Power Supply (UPS)
- Harmonic Filters
- Static VAR Compensator
- Power Quality Meters
- Others
Breakup by Phase:
- Single Phase
- Three Phase
Breakup by End User:
- Industrial and Manufacturing
- Commercial
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
