Power Quality Equipment Market 2024-2033: Global Outlook, Business Statistics, Latest Trends And Major Players

"The new report published by The Business Research Company, titled ""Power Quality Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the power quality equipment market size has grown strongly in recent years. It will grow from $25.11 billion in 2023 to $26.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The power quality equipment market size is expected to see strong growth in the next few years. It will grow to $33.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=6553&type=smp

Government Investments In Grid Modernization Projects Fuel Growth In Power Quality Equipment Market
Increasing government investments in the grid modernization project is significantly driving the growth of the power quality equipment market. The grid modernization project refers to the process of modernizing the electrical grid to make it safer, more productive and able to handle new technologies, new types of electricity generation and distribution and the integration of renewable energy sources. As countries strive to enhance their energy infrastructure and ensure a more stable and reliable power supply, the demand for power quality equipment, such as voltage regulators, surge protectors, and uninterruptible power supplies, has surged. These investments are crucial in addressing power quality issues, reducing downtime, and improving overall grid efficiency, making them a driving force behind the expansion of the power quality equipment market. For instance, in October 2023, the Grid Deployment Office, a US-based office that works to provide electricity to everyone, everywhere by maintaining and investing in critical generation facilities, announced an investment of $10.5 billion in the Grid Resilience and Innovation Partnerships (GRIP) Program as part of the Bipartisan Infrastructure Law to increase grid flexibility and strengthen the power system's resilience against the growing threats of extreme weather and climate change. Thus, increasing government investments in the grid modernization project will increase demand for power-quality equipment.

Strategic Collaborations Fuel The Market
Major companies operating in the power quality equipment sector are focused on strategic collaboration to meet customer demands and strengthen their market position. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Deere & Company (John Deere), a US-based heavy and powerful turf manufacturing company, announced strategic collaboration with EGO, a US-based battery outdoor power equipment company and Chervon, a China-based power tool and outdoor power equipment company. The partnership between Deere & Company (John Deere), EGO, and Chervon intends to provide homeowners with a comprehensive range of EGO's battery-powered lawn care products through John Deere dealers. This collaboration combines John Deere's market presence with EGO's innovative and ecologically friendly solutions. Customers will be able to purchase EGO-branded battery products through John Deere dealers under this partnership Therefore contributing to the expansion of the power electronics sector. The brands will be able to provide EGO battery-powered lawn care solutions to homes as part of this arrangement.

The power quality equipment market covered in this report is segmented -

1) By Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Other Equipments
2) By Phase: Single Phase, Three Phase
3) By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=6553&type=discount

Major companies operating in the power quality equipment market include Eaton Corporation plc, ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Toshiba Corporation, Emerson Electric Co., Legrand SA, Honeywell International Inc., AMETEK Inc.., Piller Group GmbH, Acumentrics Corporation, Leviton Manufacturing Co. Inc., MTE Corporation, Socomec India Private Limited, Infinite Electronics Inc., Hitachi ABB Power Grids Ltd., Active Power Inc., Smiths Group plc, Powervar Inc., S&C Electric Company, Delta Electronics Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Fuji Electric Co. Ltd., SolaHD, Eaton Corporation, Phoenix Contact GmbH & Co. KG, Panduit Corporation, Littelfuse Inc.

Contents of the report:
1. Executive Summary
2. Power Quality Equipment Market Report Structure
3. Power Quality Equipment Market Trends And Strategies
4. Power Quality Equipment Market - Macro Economic Scenario
5. Power Quality Equipment Market Size And Growth
…..
27. Power Quality Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/power-quality-equipment-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.