Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Power Quality Equipment Market Research Report: Forecast to 2025
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary The global power quality equipment market was studied by Market Research Future (MRFR). Through the study, it was ascertained that the market will garner a projected CAGR of 5.5% during the forecast period between 2017 and 2023. Power quality is typically based upon a number of key parameters. Some of the most common parameters include harmonics, current, flicker, voltage, power, and transients that are handled by a power quality measurement equipment. This equipment are capable of handling multiple disturbances. One of the primal factors driving the usage of power quality measurement is its characteristic of handling multiple disturbances in measurements. As it is difficult to project in advance the disturbances that may occur and what might lead to a potential fault, it is highly important to use instruments that boasts multiple disturbance detection capabilities. 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 analyze 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. 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 is addressed characteristically on a number of constraints. Common constraints such as flicker, current, harmonics, voltage dips, power, voltage, and transients are controlled by power quality measurement equipment. This equipment are able to handle multiple turbulences. The fact that instruments which can handle multiple turbulences measurements is the prime reason for its usage in power quality measurement because these turbulences tend to become a potential fault condition. It is difficult to forecast in advance what kind of disturbances may result in a potential fault; therefore, instruments with multiple disturbance detection competences are implemented into use.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Competitive Landscape 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.
Market Segmentation The global power quality equipment market is segmented as per equipment, application, and phase. By phase, the market comprises single phase and three phase. By equipment, the market divides into power quality meters, UPS, static VAR compensator, and others. By application, the market includes energy and utilities, telecommunications, automotive and industrial, electronics, and 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 nation is investing majorly in various protection systems in order to promote urbanized infrastructure development. The region has an age-old T&D infrastructure owing to which the region is much more prone to power outages. According to a calculation, approximately 6% of the total generated electricity is lost usually during the distribution and transmission phase from the grid over to the consumer. The US government, in particular, is laying its focus on restructuring grid in order to tackle this issue. It has been reported that multi-billion 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.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Industry Updates: June 2019, ABB announced the launch of its two new solutions named MicroSCADA X and SDA50 at the International Conference and Exhibition of 2019. The solutions are aimed at pushing the digital transformation of power grids. In September 2017 – ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. In December 2017 – Siemens further expands its leadership role in industrial digitalization. Siemens is the first company worldwide to set up 20 centers for digital customer applications in the industrial sector. In October 2016 – Power management company Eaton announced that it has expanded its line of popular PowerXL Series DG1 Power Quality Equipment to include a new, more powerful Frame 6 option. Designed for global commercial, industrial and original equipment manufacturer (OEM) customers, the new Eaton engineered drive increases available power from 150 to 250 horsepower (hp), affording customers’ greater agility, reliability, and safety for their applications.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.