Global Power Quality Equipment Market - Overview As per Market Research Future (MRFR), the global Power Quality Equipment Market is estimated to reach a market valuation of USD 44.37 billion by the end of 2025. To reach this valuation, the global power quality equipment market is also estimated to register a lucrative CAGR of 6.26% from 2019-2025. Major factors driving the ascension of the market include the ascending demand for power across the globe, along with an upscaling need for a seamless and uninterrupted supply of energy due to proliferating digitization. Global Power Quality Equipment Market Report by Equipment (Uninterruptable Power Supply, Static VAR Compensator, Power Quality Meters, and Others), Phase (Single Phase and Three Phase), End User (Industrial & Manufacturing, Commercial, Residential, Transportation, and Utilities), and Region. A detailed analysis report of COVID-19 impact on Power Quality Equipment Market is provided with the report. Leading Players analyzed in the Power Quality Equipment Market are: Some distinguished players profiled in the report for the power quality equipment market include ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc (U.K.), and Toshiba Corporation (Japan). Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/3088 Industry Highlights Equipment used for the regulation of power and the provision of uniform power quality is referred to as power quality equipment. Power quality equipment aids in the assurance of a steady supply of voltage within the predefined range. Power quality is addressed on the basis of several parameters. Standard parameters like current, flicker, voltage dips, harmonics, power, voltage, as well as transients, are all handled by the power quality management equipment. These equipment can be used to handle many disturbances. Power quality equipment aids at the reduction of multiple equipment usage in a system and also supports databases with the collection, analysis, reading and storage of data with no time lags and also measures the data required for a short timeline. 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. These 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 Equipment Market Segmental Analysis: The global Power Quality Equipment Industry 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. Industry Update Sept 2019: TCI recently announced an important enhancement of their passive harmonic filters. Now, these passive harmonic filters have a Bluetooth compatibility which enables users to monitor power quality and control using their Android device. 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. Get Complete Report Details at: https://www.marketresearchfuture.com/reports/power-quality-equipment-market-3088 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future
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