Exclusive Report on Power Quality Equipment Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028
Global Power Quality Equipment Market By Equipment (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 Phase (Single Phase, Three Phase), By End-User (Residential, Commercial, Industrial and Manufacturing, Utilities, Transportation) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, the global Power Quality Equipment Market is expected to grow at a CAGR of 7.3% from 2021 to 2028.
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- The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
- The companies operating in the Power Quality Equipment market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.
The major factor that have impacted the growth of the market includes Maximizing costs and energy savings, among others.
Power quality equipment helps to prevent equipment damage and premature aging, sudden equipment faults, poor performance, and unexpected shutdowns. Businesses and the economy suffer significant losses as a result of poor power quality. The power quality equipment market is being propelled by enormous energy and cost savings made feasible.
The Asia Pacific dominates the energy quality equipment industry, as a result of the increasing acceptance by China and India of electricity quality equipment. The increased demand for electricity and the growing need to increase renewable energy production capacities motivate these countries to invest in transmission and distribution infrastructure.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Power Quality Equipment market provides an in-depth analysis of key players which includes:
- Schneider Electric
- General Electric.
- Infinite Electronics Duromax
|Market Size (2020)||$ Billion|
|CAGR (2021 to 2028)||More than 7.3%|
|Market Segmentation||Equipment, Phase, End-User|
|Companies profiled||Eaton, ABB, Siemens, Schneider Electric, General Electric., Toshiba, Emerson, Legrand, Honeywell, Infinite Electronics Duromax|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2022 to 2028|
The global Power Quality Equipment Market is segmented based on Equipment, Phase, End-User. Based on Equipment, the market is segmented as 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. Based on Phase, the market is segmented as Single Phase, Three Phase. Based on End-User, the market is segmented as Residential, Commercial, Industrial and Manufacturing, Utilities, Transportation.
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
- The Impact of COVID-19 on the global market
- What are the potential opportunities for new entrants in the global market
- What is the market Size and Forecast from 2020 to 2028?
- Key Players associated with the global Power Quality Equipment Market
- Value Chain Analysis of Global Power Quality Equipment Market
- What is the CAGR of the global Power Quality Equipment Market from 2021 to 2028
- Major Growth Factor, Challenges, Trends, and Opportunities in the global market
- Key outcomes of SWOT Analysis
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