Credence Research states the interest of a new study on Power Quality Equipment Market. The Power Quality Equipment Market is expected to Exhibit Rapid Growth during the Forecast Period. The research report, named “Power Quality Equipment Market – Growth, Future Prospects, and Competitive Analysis, 2018- 2026,” estimates the historical performance and the current standing of this market, emphasizing especially on the dynamics of the need and supply of Power Quality Equipment.
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Overview:
Power quality equipment refer to devices designed to ensure regulated power supply with minimal spikes. Complete failure or lag in electrical power can cause large electronic systems to malfunction, resulting in expensive downtime, damaged or lost data and damaged hardware. This may result in revenue loss and reduced productivity. Power quality equipment offers effective protection against power disturbances by providing continuous power automatically and virtually instantaneously despite any disturbances. As a result, power quality equipment has witnessed widespread application across industrial manufacturing & processing, IT & telecom, commercial spaces, energy & utilities and several others.
Continually increasing power consumption is the core driving factor for power quality equipment market. In addition, consistently growing industrial manufacturing & processing sector worldwide forms another major factor driving the market growth. Industrial manufacturing & processing is the largest consumer of electricity, followed by transportation, residential and commercial sectors. Due to rapid industrial sector growth observed in Asia Pacific, the demand for related power quality equipment is projected to remain strong over the forecast period. Further, growing trend of digitalization in telecommunication industry makes it a vital consumer of power quality equipment. The need for high capacity and efficient electric power supply systems to servers, data centers and other power-related infrastructure are the major factors boosting the segment growth. Due to growing adoption of renewable energy sources, there is significant increase in the number of renewable power generation projects over the period. This focus towards renewable energy project is expected to increase the demand for power quality equipment to measure the quality of the power generated in distribution substations.
North America dominates the global power quality equipment market, closely followed by Asia Pacific and Europe. Investments in data centers and urban infrastructure for the telecom industry have paved a way for the demand for power quality equipment to grow phenomenally in this region. Whereas, rapidly growing industrial manufacturing and IT & telecom sectors in Asia Pacific are the main factors driving the regional market growth.
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The global Power Quality Equipment Market is segmented on the following basis:
- Equipment Type:
- UPS (Uninterruptible Power Supply)
- Power Quality Meters
- Static VAR Compensators
- Voltage Regulators
- Surge Protection Devices
- fHarmonic Filters
- Digital Static Transfer Switches
- Solid Oxide Fuel cells
- Phase:
- Single Phase
- Three Phase
- Applications:
- IT & Telecommunications
- Energy & Utilities
- Industrial Manufacturing
- Residential
- Commercial
- Geography:
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- Japan
- China
- South Asia
- Australasia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Latin America
- Middle East & Africa
- North America
Key Players Identified in Power Quality Equipment Market include but are not limited to:
ABB Ltd., Active Power, Inc., Eaton Corporation Plc., Emerson Electric Co., MTE Corporation, Schneider Electric SE, Siemens AG, Smiths Group plc., Toshiba International Corporation Pty Ltd., General Electric, Legrand S.A., Acumentrics Corporation, Leviton Manufacturing Company, Inc. and others.
The study research also considers many sections of the Power Quality Equipment Market completely on the basis of the product type and application, considering their current as well as historical performance across the globe. Moreover, the report also shows the growth trajectory of each of the sections, global as well as in each of the regional segments, representing a descriptive analysis of the overall industry.
The study paper also speaks about the present as well as upcoming ventures in the Power Quality Equipment Market at length, making this knowledge of special value for businesses, consultants, and stakeholders functional in this market.
Further, the report analyzes the competitive aspect of this market by reviewing the profiles of the key market participants in a bid to determine the current hierarchy.
The main purpose of this research study is to help the associates operating in the worldwide industry for Aerospace Engineering Market in planning active artifices and enhancing their decision-making techniques to gain a competitive edge over their challengers.
The report added new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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Key advantages
- The research gives an in-depth analysis of the Power Quality Equipment Market, with running trends and future views, to elucidate the imminent investment pockets.
- The quantitative study from 2018 to 2026 is demanded to enable the stakeholders to capitalize on prevailing market possibilities.
- The report provides real historical figures for 2014 and year-on-year predictions from 2018 to 2026, considering 2018/2018 as a base.
- Overall analysis of all geographical regions is presented to determine the general opportunities.
[The report is originally published on Credence Research Inc.]
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