Global Power Quality Equipment Industry 2020 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market.
As per the study conducted by Market Research
Future, the global market for power quality equipment is likely to grow at the
CAGR of around 6%. Power quality equipment are
the equipment which are used for power regulation and provide uniform power quality.
It helps to ensure a steady supply of voltage within a defined range.
Power quality monitoring equipment are embedded
within the system itself for improved accuracy in terms of measurement and ease
of access. This equipment majorly aims at reducing the usage in a system,
wherein the entire work of measurement can be performed with a single or a
couple of units. As the system blossoms, the scalability related to the
equipment subsequently increases, thereby making it possible to analyse various
meters simultaneously.
The major driver for the growth of the power quality
equipment market in the rapid increase in the trends for digitization in the
telecommunication industry. The increase in the demand for power is also
leading to the increase in the use of power quality equipment. The increase in
demand for protection systems in the electronic devices, the increase in the
adoption of alternative sources of energy and the standardization of power
quality are some of the factors contributing to the growth of the power quality
equipment market.
Competitive Analysis
The power quality meter
market consists of numerous global, local, and regional vendors. Several
regional vendors offer high-quality products at lower prices than the global
vendors. The existing vendors will try to gain more market shares by expanding
their product portfolio and introducing innovative products. Owing to
technological advancements, the competitive environment among the players in
the power quality equipment market will intensify in the coming years.
Leading Players
The global power quality equipment market comprises a
number of key players. Some of the most prominent and emerging players were
noted down by MRFR in its report. This includes names like Eaton Corporation,
PLC (Republic of Ireland), ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.),
MTE Corporation (U.S.), Emerson Electric Co. (U.S.), Schneider Electric SE
(France), Toshiba Corporation (Japan), General Electric (U.S.), Siemens AG
(Germany), Smiths Group plc. (U.K.) and others.
Global Power Quality
Equipment Global Market Segmentation
The
scope of global power quality equipment market is segmented into three major
segments which are explained below:
By Equipment
·
UPS
·
Static VAR Compensator
·
Power Quality Meters
·
Others
By Phase
·
Single Phase
·
Three Phase
By Application
·
Telecommunications
·
Energy and Utilities
·
Automotive
·
Industrial
·
Electronics
·
Others
Regional Analysis
The
global power quality equipment market is regionally analyzed and covers the
following five geographical territories: Middle East & Africa, Europe,
North America, South America, and the Asia Pacific.
The
North American region is projected to hold the dominating portion in the global
power quality equipment market over the forecast period. The region is slated
to grow in the coming years due to a number of key factors. The presence of the
US is one of the key drivers, as the nation significantly contributes to the
overall growth of the market.
The
US government, in particular, is laying its focus on restructuring grid in
order to tackle this issue. It has been reported that multi-billio dollar
investments in data centers and urban infrastructure for the telecommunications
industry have opened the power quality equipment market demand. Additionally,
the growing demand from the public infrastructure coupled with various new
renewable power projects are anticipated to push the growth opportunities for
the market in the near future.
Browse Summary of this Report at: https://www.marketresearchfuture.com/reports/power-quality-equipment-market-3088
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