Power Quality Equipment Market Size, Share, Growth Statistics, Latest Trends, and Forecast 2031

The global power quality equipment market revenue was around US$ 28.9 billion in 2021 and is estimated to reach US$ 49.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2031.

Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17400

Power quality equipment serves as an electrical filter by decreasing or eliminating damaging harmonics and reshaping the sinewave to prolong the life of electrical systems. It is used to constant supply of reliable power. It helps to prevent damages and early aging of equipment, data, loss of production, and work. Sudden equipment faults, subpar performance and unplanned shutdowns, and capacitor bank failures, all of which save energy and money.

Factors Influencing Market Growth

The rising growth of building and construction activities and the manufacturing sector is expected to increase demand for machines and a steady supply of electricity, which can be fulfilled with the aid of power quality equipment, which, in turn, is estimated to fuel the market growth.

An increase in investment in the use of electric power consumption for different industrial activities is likely to offer lucrative opportunities in the market during the forecast period.

The demand for equipment to handle various types of factors, such as current, flicker, voltage, harmonics, and transients is expected to drive the market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government, many industries halted. Decreased demand for electricity has hindered the power quality equipment market expansion. Additionally, scarcity of laborers and an increase in demand-supply gaps halted the development of new electric grid utility infrastructures, grid networks, renewable power plants, and other power plants hindering market growth during the pandemic. Thus, a combination of all these variables would lead to a slow market expansion.

Regional Insights

Asia Pacific dominated the market. This is attributed to the region's abundance of consumers and the presence of important players. It is also projected that the rapidly growing renewable energy industry, an increase in investments in the creation and construction of modern grid infrastructure, and more R&D efforts in the region will drive the growth of the power quality equipment market.

Get a Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17400

Leading Competitors
The leading competitors in the global power quality equipment market are:
ABB Ltd
AMETEK Inc
Eaton Corporation
Emerson Electric Co
General Electric
Honeywell International Inc
Legrand
Leviton Manufacturing Co
MTE Meter Test Equipment AG
Piller Power Systems
Others
Segmentation Analysis
The global power quality equipment market segmentation focuses on End User, Equipment, Phase and Region.
Segmentation based on End User
Residential
Commercial
Industrial
Segmentation based on Equipment
Harmonic Filters
Surge Protection Devices
Voltage Regulators
Static VAR Compensators
UPS
Others

Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17400

Segmentation based on Phase
Single Phase
Three Phase
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17400

Table of Content

Chapter 1: Global Power Quality Equipment Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Power Quality Equipment market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Power Quality Equipment Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Power Quality Equipment market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Power Quality Equipment market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Power Quality Equipment market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Power Quality Equipment market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Power Quality Equipment business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17400

About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today's competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

Contact Information:

Email:sales@reportocean.com

Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States

Telephone: +1 888 212 3539 (US - Toll-Free)

For more information and to explore their offerings, visit their website at:https://www.reportocean.com/

This release was published on openPR.