Power Quality Equipment Market Revenue, Business Opportunity, Segment And Updated Key Trends -2023

Market Scenario

Power quality equipment are the equipment which are used for power regulation and provide uniform power quality. It helps to ensure a steady supply of voltage within a defined range.

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The major driver for the growth of the power quality equipment market in the rapid increase in the trends for digitization in the telecommunication industry. The increase in the demand for power is also leading to the increase in the use of power quality equipment. The increase in demand for protection systems in the electronic devices, the increase in the adoption of alternative sources of energy and the standardization of power quality are some of the factors contributing to the growth of the power quality equipment market.

The Power quality equipment Market is expected to grow over the CAGR of around 5.5% during the period 2017 to 2023.

Regional Analysis

The North America region is expected to dominate the global power quality equipment market. The region has a very old transmission and distribution infrastructure which is generating huge demand for the installation of power quality equipment. The government in the region is majorly focusing on the restructuring of the infrastructure for overcoming the issue of the loss of electricity during transmission and distribution. Huge investments for the development of urban infrastructure especially for telecom industry is further expected to drive the growth of the power quality equipment market.

Study Objectives of Power quality equipment Market

To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Power quality equipment Market

To provide insights about factors affecting the market growth

To analyse the global Power quality equipment market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis

To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segments by equipment, phase, application and region

To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market

To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Power quality equipment Market.

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Key Players

The key players of Power quality equipment market are ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), Eaton Corporation, PLC (Republic of Ireland), Emerson Electric Co. (U.S.), General Electric (U.S.), MTE Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Smiths Group plc. (U.K.) and Toshiba Corporation (Japan) among others.

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