Global Power Quality Equipment Market Outlook, Opportunities And Strategies – Includes Power Quality Equipment Market Analysis
Learn about the global power quality equipment market through The Business Research Company, which provides information on power quality equipment market size, power quality equipment market drivers and restraints, power quality equipment market players, the COVID-19 impact on the power quality equipment market, and more.
The global power quality equipment market is expected to grow from $22.10 billion in 2021 to $23.53 billion in 2022 at a compound annual growth rate (CAGR) of 6.48%. The global power quality equipment market is expected to reach $31.81 billion in 2026 at a CAGR of 7.83%.
An increase in the demand for power is significantly driving the growth of the power quality equipment market.
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The power quality equipment market consists of sales of power quality equipment by entities (organizations, sole traders, and partnerships) that are devices used for measuring, analyzing, and improving voltage to help maintain a continuous wave and also a smooth periodic function waveform of a rated voltage and frequency. Power quality equipment is a vital device/system used to protect electrical equipment from failing prematurely or malfunctioning.
Global Power Quality Equipment Market Segments Include:
By Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Others
By Phase: Single Phase, Three Phase
By Application: Industrial and Manufacturing, Commercial, Residential, Transportation, Utilities
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global power quality equipment market in 2021.
Technological innovation is a key trend gaining popularity in the power quality equipment market. Major companies operating in the power quality equipment sector are focused on developing new technological solutions such as high-speed transient monitoring to meet end-customer demands and strengthen their market position.
Major Market Players: Eaton, ABB, Siemens, Schneider Electric, General Electric, Toshiba, Emerson, Legrand, Leviton Manufacturing, MTE, Honeywell, AMETEK Powervar, Piller Power Systems Acumentrics, and Socomec Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Power Quality Equipment Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides power quality equipment market overviews, analyzes and forecasts market size, share, power quality equipment market players, power quality equipment market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s power quality equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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