Global Power Quality Equipment Market: Emerging Trends, Major Key Players ABB Ltd and Mitsubishi Electric Corporation

According to the report, The global Power Quality Equipment market size is expected to reach $ Billion by 2028 growing at the CAGR of 12% from 2021 to 2028. For ease of access and enhanced measurement accuracy, power quality monitoring equipment is included right into the system. Power quality equipment primarily aims to eliminate the use of various equipment in a system by allowing the entire measurement process to be completed with a single or a few units. The power quality measurement equipment's scalability improves as the system grows. As a result, numerous meters can be analyzed at the same time. These devices can configure and administer meters in groups from a central location. They can download data from the meters themselves automatically. It is possible to obtain a simplified overview of the disturbance. For the rectification procedure, this output can be dispersed across the grid.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global POWER QUALITY EQUIPMENT industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Power Quality Equipment market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Power Quality Equipment players holding highest market share include ABB Ltd, Mitsubishi Electric Corporation, Eaton Corporation PLC and Schneider Electric SE. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• ABB Ltd
• Mitsubishi Electric Corporation
• Eaton Corporation PLC
• Schneider Electric SE
• Toshiba International Corporation
• National Instruments Corporation
• Celestica Inc
• EMCO Limited
• Delta Electronics, Inc
• AMETEK Inc

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of POWER QUALITY EQUIPMENT Market:
o Power Conditioning Equipment
o Power Quality Testing and Measuring Equipment

Market Segment By End-User with focus on market share, consumption trend, and growth rate of POWER QUALITY EQUIPMENT Market:
o Telecommunications
o Electrical & Electronics
o Automotive & Industrial
o Energy & Utilities
o Others

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Global Power Quality Equipment Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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