Expanding Data Centers Present Good Business Opportunities For Key Players Operating In The Global Power Quality Equipment Market During Forecast Period-2016-2026

Global data centers are witnessing massive changes. Expanding data centers are the key driving force powering the global power quality equipment market in terms of meeting the demand for electricity in situations of emergency with high levels of efficiency and reliability. Power quality and efficiency within a data center can suffer from the issue of harmonic currents, thereby adversely affecting the productivity of the data center. To tackle the challenge of harmonic currents in data centers, companies are developing physical data center infrastructure supported by different types of devices that generate harmonics. This presents a major business opportunity for key telecom providers operating in the global power quality equipment market.

Telecommunications end user industry segment likely to witness significant growth across various regional markets throughout the forecast period

The telecommunications segment is expected to be the prominent end user segment in the North America power quality equipment market during the forecast period, registering a CAGR of 4.5% in terms of value between 2016 and 2026. The telecommunications segment is projected to be the leading segment in the APEJ power quality equipment market, recording an impressive CAGR of 6.5% in terms of revenue during the forecast period.

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Future telecommunications trends likely to govern the global power quality equipment market

The telecommunications industry is highly dynamic, with changing data transmission formats and technological innovations making the market extremely volatile and competitive. The convergence of multiple data formats, information technology equipment, and a massive data explosion owing to the internet has mandated companies to provide power quality equipment that can overcome power grid, frequency variations, and switching transients issues and also offer enhanced service quality levels at all times.

Increasing consumption of power in the telecommunications industry will drive the global demand for power quality equipment

The telecommunications industry is witnessing rapid deployment of new and advanced technologies. The need for efficient, high-capacity electricity supply systems to power data centers, servers, and other internet related infrastructure in the telecommunications industry is boosting the demand for power supply systems as well as monitoring and control equipment. By end use industry, the telecommunications segment is expected to witness maximum growth in the global power quality equipment market over the forecast period, registering a CAGR of 4.8% between 2016 and 2026 to reach a market valuation in excess of US$ 20 Bn by the end of 2026.

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Leading manufacturers of power quality equipment in the world are also profiled in the report. These include manufacturing behemoths such as ABB Ltd., Eaton Corporation PLC, Mitsubishi Electric Corporation, Schneider Electric SE, and Toshiba International Corporation. Other companies prominent for manufacturing power quality equipment include National Instruments Corporation, Celestica Inc., EMOC Limited, Delta Electronics, Inc., AMETEK Inc., Hubbell Incorporated, Fluke Corporation, Cordyne Inc., Advanced Protection Technologies, Inc., LEA International, Unipower Cyber Power Systems, Inc. and Kyoritsu Electrical Instruments Works, Ltd.

At present, Persistence Market Research has estimated the value of global power quality equipment market at US$ 44,162.3 Mn. The latest research report published by Persistence Market Research predicts that on the grounds of abovementioned drivers, the global market for power quality equipment will have reached US$ 68,757.2 Mn by the end of 2026.

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