Power Quality Equipment Market Analysis, Size | Global Industry Leaders : ABB, Ltd., Active Power, Inc., Eaton Corporation, PLC, Emerson Electric Co., General Electric, MTE Corporation

Market Highlights
The major driver for the growth of the power quality equipment market can be attributed to the rapid increase in the demand for the protection systems embedded in the electronic devices. The boom in the alternative energy programs and the standardization in the quality of the power quality are also expected to drive the growth of the power quality equipment market. The working of many end user industries such as electronics, automotive and manufacturing among others are facing problems related to the non-uniform power quality. This has in turn lead to an increased use of the power quality equipment by these end-user industries. However, the growth of this market is expected to be restrained by the high cost of installation of these power quality equipment.

Other features that are fuelling the Market growth include renewable, distributed generation, and smart grids that are further required by new business models and regulatory frameworks. Power Quality Equipment are proving to be cost effective solutions establishing compatibility with the smart energy generation and management. The growing demand of reliable power generations and its distributions, regulatory requirements and energy efficiency demanding carbon emission reductions, are driving the market growth to the large extent. Additionally technical advancement making Power Quality Equipment widely adopted have escorted its market value to an unparalleled level.

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Latest Industry Updates:
January 05, 2018 – Nebraska Public Power District (NPPD - US) announced the commencement of a program for upgrading (replacing) electric meters for the district. The replaced meters are expected to enable officials of NPPD to read the meters remotely from centers, providing quality client services. They can support customer care executives to sort out concerns related to billing issues while ensuring improved, reliable and quality power supply to the consumers.

January 18, 2018 – Megger (UK) a global provider of full service solutions for electrical measurement and test demands launched its new equipment - MPQ1000 for efficient power quality analysis. The new 3 –phase Quality Analyzer, combining a line of functions and automatic features helps its end-users to gain accurate results. The major aspect of the analyzer is that it itself can perform an on the spot analysis on the gathered data, enabling the operator to evaluate the results on the site itself. The instrument also allows carrying and transferring of collected data to a system to run a comprehensive analysis with the compatible software - powerful PQ (by Megger)

Global Power Quality Equipment Market is expected to grow with 5.5% CAGR during the forecast period

Key Players
The key players of Power quality equipment market are ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), Eaton Corporation, PLC (Republic of Ireland), Emerson Electric Co. (U.S.), General Electric (U.S.), MTE Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Smiths Group plc. (U.K.) and Toshiba Corporation (Japan) among others.

Market Research Analysis
The Asia-Pacific region is expected to grow the fastest in the Power quality equipment market owing to the initiatives undertaken for clean energy with the objective of meeting the large scale demand for energy. The region is also offering huge opportunities for foreign direct investments which is in turn leading to the growth of the power quality equipment market in the Asia-pacific region. The increase in investments for the improved infrastructure, majorly in the developing nations of India and China are further expected to contribute to the growth of the power quality equipment market. The growth is further expected to be driven by the huge investments in smart cities which include distribution through smart meters

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