Power Quality Equipment Market PPT 2023: Size, Growth, Demand and Forecast till 2028

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Global Power Quality Equipment Market Research Report:

The latest report by IMARC, titled “ PowerQualityEquipmentMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandFore cast2023-2028

” " the global power quality equipment market reached a value of US$ 16.5 Billion in 2022. Power quality equipment refers to a device that is generally used for protecting electrical appliances by mitigating and eliminating the source of disturbances. Additionally, it is utilized for regulating and maintaining uniform power quality. It is widely used in power grids that aid in the continuous flow of stable power.

As a result, it helps in preventing uncertain halts in the production processes, poor performance and capacitor failures due to sudden damages and malfunctioning of equipment. Along with this, it also supports a database for storing and analyzing data collection without any delay in the stipulated time.

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Global Power Quality Equipment Market Trends:

The global market is primarily driven by significant growth in the telecommunication sector, coupled with various technological advancements in the telecommunication infrastructure. Along with this, the rising investments by private and public firms to upgrade the existing internet infrastructures due to the increasing need for high-speed internet connectivity and rapid digitization across developing economies are providing a boost to the demand for power quality equipment. Furthermore, the escalating demand for high-capacity and efficient electricity supply systems for servers and data centers is creating a positive market outlook.

Other factors, including rapid industrialization and urbanization, augmenting power consumption, construction of physical data centers across multiple countries, continuous improvements in grid networks, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth across the globe. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 24.7 Billion by 2028, exhibiting a CAGR of 6.4% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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MarketSummary:

BreakupbyEquipment:

• Uninterruptable Power Supply (UPS)

• Harmonic Filters

• Static VAR Compensator

• Power Quality Meters

• Others

BreakupbyPhase:

• Single Phase

• Three Phase

BreakupbyEndUser:

• Industrial and Manufacturing

• Commercial

• Others

BreakupbyRegion:

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• 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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CompetitiveLandscapewithKeyPlayers:

• 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

• Siemens Aktiengesellschaft

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