Power quality equipment market – growth, trends, covid-19 impact, and forecasts (2021 – 2026)

The global power quality equipment market is projected to reach a size of USD XX million by 2026, at a CAGR of +7% from an estimated USD XX million in 2021.

Power quality equipment is used to maintain a constant flow of power. The power flow in the networks must be within the specified voltage and frequency limits. It should have a pure sinusoidal waveform. Good power quality saves money and energy. Power quality equipment helps prevent equipment damage and premature aging, loss of production, data and business, sudden equipment failures, poor performance and unexpected shutdowns, and capacitor bank failures that save money and energy. On the other hand, when the power quality is reliable, consumers can save on direct energy costs and reactive power tariffs. Poor power quality causes serious losses to businesses and the economy. Therefore, various power quality equipment such as harmonic filters, voltage optimizers, compensators, isolation transformers and power quality meters are used to improve power quality and minimize losses.

The global power quality equipment market is expected to grow at a steady rate over the forecast period. The global power quality equipment market is driven by the growing demand for cleaner and alternative forms of energy. In addition, irregular power supply and voltage fluctuations damage electronic devices and equipment. This has greatly increased the need to install efficient systems to protect electronic devices from damage, thus fueling market growth. Additionally, new product launches by major players as well as development and upgrade of existing grid infrastructure are expected to create lucrative opportunities for market growth through 2026. However, the high cost of installing distribution and power quality equipment can hamper the market. growth to 2026.

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The Top Key Players include Power quality equipment market:

  • Eaton (Ireland)
  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • General Electric (US)
  • Toshiba (Japan)
  • Emerson (US)
  • Legrand (France)
  • Honeywell (US)
  • AMETEK Powervar (US)
  • Piller Power Systems (Germany)
  • Acumentrics (US)
  • Leviton Manufacturing (US)
  • MTE (US)
  • Socomec (France)
  • Infinite Electronics Duromax (US)

All players working in the global personal cooler market are fully detailed in the power quality equipment market report based on their unique technologies, distribution channels, industrial penetration, manufacturing processes and profits. Additionally, the report examines R&D, regulatory policies and strategies that define a player’s competitiveness in the power quality equipment market.

By type Power quality equipment market segmented to:

  • Surge arresters
  • Surge protection devices
  • Harmonic filters
  • Power conditioning units
  • Power distribution units
  • Uninterruptable power supplies
  • Synchronous condensers
  • voltage regulators
  • Digital static transfer switches
  • Static VAR compensators
  • Solid oxide fuel cells
  • Isolation transformers
  • Power quality meters

By application Power quality equipment market segmented to:

  • Residential
  • Commercial
  • Industrial and manufacturing
  • Utilities
  • Transportation

Region and country level analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

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The purpose of the report is to provide a comprehensive assessment of the market, including knowledge, facts, well-thought historical data, industry-validated market data, and a reasonable set of methodological assumptions and projections. I. The report also helps you understand the dynamics, structure, and forecast of the global power quality equipment market by analyzing market segments by material, type, end user, and region. The report also provides a completely representation of competitive analysis of key players in the global power quality equipment market by product, price, financial position, product portfolio, growth strategy and regional presence. The report also provides PEST analysis, PORTER analysis, and SWOT analysis to address shareholder questions when organizing efforts and investments in the near future in specific market segments.

The report has long examined various factors that support market growth trends. The report also lists restrictions that threaten the global market for power quality equipment. In this context, this report provides a high level of applicability for both new entrants to the global market and new entrants who have been successful in this market for a long time.

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We did a 360-degree survey of the power quality equipment market. Both primary and secondary survey methodologies. This has helped us understand current market dynamics, output gaps, price trends, product preferences, consumer patterns and more. The findings were further confirmed by a primary survey of industry experts and opinion leaders around the world. Data is further regulated and validated through various market forecasting and data validation methodologies. There is also an in-house data forecasting model to forecast market growth up to 2026.

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