Power Quality Equipment Market Evaluation: Expected Growth to US$ 29.74 Bn with Overview, Size, and Share by 2024-2031 | Hitachi Energy Ltd., Siemens AG, EATON Corporation plc

Global Power Quality Equipment Market size was valued at US$ 29.74 Bn in 2022, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.

The latest market intelligence report published by CMI with the title "Global Power Quality Equipment Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Energy industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Power Quality Equipment Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Key trends Power Quality Equipment Market

1. Growing Demand for Energy Efficiency: As industries and consumers become more focused on energy conservation, there is an increasing need for power quality equipment that improves energy efficiency. Devices such as power factor correction systems and harmonic filters help optimize energy use, reduce losses, and lower utility bills.

2. Integration of Renewable Energy Sources: The shift towards renewable energy sources, like solar and wind, necessitates advanced power quality solutions to manage fluctuations in energy supply. Equipment that can stabilize voltage levels and enhance grid reliability is becoming crucial as more renewable energy is integrated into existing power systems.

3. Technological Advancements: Innovations in power quality equipment, including smart sensors and IoT-enabled devices, are enhancing monitoring and management capabilities. These technologies allow for real-time data analysis and remote management, improving the responsiveness and efficiency of power quality solutions.

4. Regulatory Compliance and Standards: Increasingly stringent regulations regarding power quality and emissions are driving demand for compliant equipment. Industries must invest in power quality solutions to meet national and international standards, ensuring system reliability and minimizing disruptions.

5. Rising Focus on Industrial Automation: As industries adopt automation technologies, maintaining consistent power quality becomes critical to avoid disruptions and equipment damage. The demand for uninterruptible power supplies (UPS) and voltage regulators is growing, especially in sectors such as manufacturing, data centers, and healthcare.

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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

• By Equipment:
Uninterruptable Power Supply (UPS)
Harmonic Filters
Static VAR Compensator
Power Quality Meters
Others

• By Phase:
Single Phase
Triple Phase

• By End-Users:
Industrial and Manufacturing
Commercial
Others

• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

• Hitachi Energy Ltd.
• Siemens AG
• EATON Corporation plc
• Emerson Electric Company
• Schneider Electric SE
• General Electric Company
• Toshiba Corporation
• Schaffner Holding AG
• MTE Corporation
• Active Power Inc. and Others.

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Power Quality Equipment Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Power Quality Equipment Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Power Quality Equipment market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Power Quality Equipment market?
4. What are the prominent market trends influencing the development of the Power Quality Equipment market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Power Quality Equipment market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Power Quality Equipment and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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