Press release
Power Quality Analyzer Market is projected to grow from USD 34.15 Bn in 2021 to USD 48.23 Bn in 2029 at a CAGR of 7.21%
Power Quality Analyzer Market is projected to grow from USD 34.15 Bn in 2021 to USD 48.23 Bn in 2029 at a CAGR of 7.21%
Read Full Report with Table of Contents : https://www.cognitivemarketresearch.com/power-quality-analyzer-market-report
Power quality analyzers are used to monitor and analyze power lines for disturbances that could disrupt reliable energy delivery or cause damage to equipment connected to the grid. Power quality analyzers measure electricity in devices that generate, convert, or consume electricity. They have been used in electrical product testing applications for decades because they provide the accuracy, frequency range, and functionality required to meet industry test and measurement standards. Most power quality analyzers monitor total harmonic distortion, phase angle, power factor, balance, etc. to gain a complete picture of the system.
The increasing importance of analyzers or measuring devices for protecting electrical components and networks, the massive global investment in renewable energy power plants and the growing focus on upgrading the power grids in emerging economies such as India and China are all facts encouraging the growth of the global power quality analyzer market over the forecast period. In addition, poor power quality leads to increased risk of failure or damage to electrical equipment and also increases the cost of equipment replacement, diagnostics, and labor, which will expand the power quality analyzer market. Moreover, rising investments in power transmission and distribution infrastructure industries and industries in emerging developing countries will encourage the global power quality analyzer market in the coming years.
Regional Analysis of Power Quality Analyzer Market:
- North America is expected to dominate the power quality analyzer market during the forecast period. The transmission and distribution infrastructure in the region is very old, so power quality analyzer needs to be installed. Governments in the region are primarily concerned with rebuilders overcoming power losses in transmission and distribution.
Top players involved in the Power Quality Analyzer Market:
• ABB Ltd.
• General Electric Company
• Schneider Electric
• Siemens AG
• Emerson Electric Company
• Eaton Corporation Plc
• Active Power Inc.
• MTE Corporation
• Smiths Group plc.
• Toshiba Corporation
• Others
Segment Analysis:
- Based on phase, the global power quality analyzer market is segmented into single-phase and three-phase. The three-phase segment is expected to dominate the market. This is because it is used in commercial and industrial facilities to accommodate higher loads and it provides power at a steady and constant rate.
- Based on end user, the global market is segmented into industrial & manufacturing, commercial, residential, transportation & utilities. The commercial segment is expected to grow at the fastest rate during the forecast period. Industry 4.0 initiatives are being applied to vehicles and electric motors to facilitate remote diagnostics, remote maintenance and remote data capture. These moves have increased demand for data centers, servers and communication systems. As the use of electronic equipment increases, so does the need for protection systems for such critical equipment. This is driving the power quality equipment market in the commercial segment.
Related Report:
• Global Power Electronics Market- https://www.cognitivemarketresearch.com/power-electronics-market-report
• Global Next-Generation Power Semiconductors Market- https://www.cognitivemarketresearch.com/next-generation-power-semiconductors-market-report
• Global Automotive Power Electronics Market- https://www.cognitivemarketresearch.com/automotive-power-electronics-market-report
• Global SiC Power Semiconductor Market- https://www.cognitivemarketresearch.com/sic-power-semiconductor-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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