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An increase in the demand for power is significantly driving the growth of the power quality equipment market.

• Rising Global Power Demand: The IEA reported a 5% rise in electricity demand in 2021, signaling an upward trend from 2020.
• Renewable Energy Integration: Energy generation from renewables like hydropower, wind, and solar PV is on track to grow strongly worldwide, further contributing to power demand.
• Industrial Advancements: Various industrial activities, both in developing and developed countries, are adding to the surge in power demand.

Technology Breakthroughs In Power Quality Equipment
Technological innovation is a key trend gaining popularity in the power quality equipment market.

• Focus on Technological Solutions: Major companies are developing new solutions such as high-speed transient monitoring to meet end-customer demands.
• Fluke Corporation’s Innovation: In October 2021, Fluke Corporation launched the 1770 series power quality data logger/trouble shooter, offering significant improvements in operability and form factor.

Siemens Acquired C&S Electric
In March 2021, Siemens acquired C&S Electric, a move aimed at expanding its presence in the power quality equipment sector.

• Strategic Acquisition: Siemens plans to meet the rising demand for low-voltage power distribution by integrating C&S Electric into its operations.
• Market Expansion: The acquisition aims to create an export hub for low-voltage products, distribution products, and protection and measurement.

View More On The Power Tools Market Report 2024 – https://www.thebusinessresearchcompany.com/report/power-quality-equipment-global-market-report

Market Segmentation

The power quality equipment market is segmented based on equipment type, phase, and application.

• Equipment Segmentation: Surge Arresters, Surge Protection Devices, Harmonic Filters, etc.
• Phase Segmentation: Single Phase, Three Phase
• Application Segmentation: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities

Asia-Pacific Leads Growth
Asia-Pacific emerged as the largest region in the power quality equipment market in 2023 and is poised for substantial growth in the forecast period.

• Fastest-Growing Region: Asia-Pacific is expected to witness the fastest growth, driven by industrialization, infrastructure development, and increasing power demand.

Market Outlook
The power quality equipment market is set for robust growth, driven by various factors including:

• Expansion of Industrial and Manufacturing Sectors
• Demand for Stable and Clean Power Supply
• Increase in Grid Disturbances and Voltage Fluctuations
• Regulatory Standards for Power Quality
• Customized Solutions for Specific Industries
• Integration of Real-Time Monitoring
• Sustainable and Eco-Friendly Solutions
• Expansion in Renewable Energy Integration
• Integration of Energy Storage for Grid Stabilization
• Collaboration Between Power Quality and Cybersecurity

Key Players
Major companies operating in the power quality equipment market include:

• Eaton Corporation PLC
• ABB Ltd.
• Siemens AG
• Schneider Electric SE
• General Electric Company
• Toshiba Corporation
• Emerson Electric Co.
• Legrand SA
• Honeywell International Inc.
• And many more.

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The Power Quality Equipment Global Market Report 2024  provides an overview of the power quality equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The power quality equipment market forecast analyzes power quality equipment market size, power quality equipment market share, leading competitor and their market positions.

The Table Of Content For The Power Quality Equipment Market Include:
1. Power Quality Equipment Market Executive Summary
2. Power Quality Equipment Market Segments
3. Power Quality Equipment Market Size And Power Quality Equipment Market Growth Rate
4. Key Power Quality Equipment Market Trends
5. Major Power Quality Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Power Quality Equipment Market
26. Top Power Quality Equipment Companies
27. Power Quality Equipment Market Opportunities And Strategies
28. Power Quality Equipment Market, Conclusions And Recommendations
29. Appendix

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