Power Quality Equipment Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Power Quality Equipment Market is anticipated to grow at a CAGR of 7.1% during the forecast period. Major companies operating in the power quality equipment sector are focused on developing new technological solutions such as high-speed transient monitoring, and others to meet end-customer demands and strengthen their market position. For instance, in January 2020, Schneider Electric SE launched the ION9000 series power meter range with the PowerLogic ION9000T. The product is a new addition to the portfolio of advanced power quality meters. The product adds high-speed transient monitoring to the high-performance power quality meter, helping to avoid outages, equipment damage, failures, and interruption of critical operations. Additionally, the product can detect and capture with 10 MHz sampling on 4-phase voltages and can provide a simplified event view based on analytics of the event. The product is designed to align with comprehensive grid cybersecurity policies, helping to eliminate vulnerabilities to critical power assets and systems.

Moreover, in February 2022, ABB Ltd launched digital panel meters for energy monitoring, a new series of electric measuring and power monitoring meters for electrical and control panels. The new meters are part of ABB's M1M series which includes models M1M11, M1MDS, M1M20B, and M1M30B. The product provides power quality analysis and monitors the energy assets for residential, industrial, and commercial buildings. They can be installed in electrical panels for submetering inside Power Control Centres (PCCs), Motor Control Centers (MCCs), sub-distribution switchboards, and other parts of buildings. The meter offers LED 8-digital segment screen and M1M11 measures energy consumption in single-phase and three-phase power connections. Furthermore, M1MDS is a Dual Source multifunction meter. It displays the currently active power source and can be switched to show the alternate power source. M1M20B displays basic power quality parameters whereas M1M30B can be used for applications where detailed power quality analysis is required.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Equipment

· By Phase

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including Active Power Inc., Ametek Inc, Eaton Corp. plc, Emerson Electric Co., Honeywell International Inc., Infinite Electronics International, Inc., Langley Holdings plc, and others.

A full Report of Power Quality Equipment Market is Available @ https://www.omrglobal.com/industry-reports/power-quality-equipment-market

Power Quality Equipment Market Report Segment

By Equipment

· Uninterruptable Power Supply

· Static VAR Compensator

· Power Quality Meters

· Others

By Phase

· Single Phase

· Three Phase

By End-Users

· Industrial and Manufacturing

· Commercial

· Residential

· Transportation

· Utilities

Power Quality Equipment Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· ABB Ltd.

· Active Power Inc.

· Ametek Inc

· Eaton Corp. plc

· Emerson Electric Co.

· Honeywell International Inc.

· Infinite Electronics International, Inc.

· Langley Holdings plc

· LEGRAND

· Leviton Manufacturing Co.

· MTE Corp.

· MTE Meter Test Equipment AG

· Schneider Electric SE

· Siemens AG

· Smiths Group plc.

· SOCOMEC

· The General Electric Co. (GE Group)

· Toshiba Corp.

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