Home / Energy / Power Quality Equipment Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Power Quality Equipment Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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.

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

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.

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